Tron is both a cryptocurrency token and a blockchain platform dedicated to building the infrastructure for a truly decentralized internet and entertainment ecosystem. The Tron project is building a sophisticated new protocol for businesses to more easily adopt blockchain technology and build decentralized applications on their new decentralized internet blockchain. The Tron cryptocurrency was founded by Justin Sun, a budding Chinese entrepreneur who is recognized for his achievements and success. While Tron is building a blockchain ecosystem with goals to rebuild the internet, the cryptocurrency that will be used in this new system is the Tron or TRX token. This token will be used in a variety of ways, one such way is to facilitate data sharing in the Tron ecosystem, another way is to fund new projects via ICOs. It’s currently being used as a speculative investment and currency to send one another, tip people on various services, and more. All in all, cryptocurrencies like Tron go far beyond the use cases of fiat currencieswe have today.show more
The thing with cryptocurrencies like Tron is, they don’t really have a specific symbol that represents their unit of value. Instead, they are represented by a code or ticker symbol. Tron’s ticker symbol is (TRX). Another thing used to represent the Tron cryptocurrency is their logo. Each cryptocurrency has a unique logo that is used to identify and differentiate it from the others. Some important facts about Tron are, they have a total supply of 100 billion, a circulating supply of around 65 billion, and a market capitalization of over 3 billion. Therefore, Tron is a very large and successful cryptocurrency so far. Even though there are billions of the TRX cryptocurrency, it can be broken up into what’s called sun. For instance, 1 TRX = 1,000,000 sun.
The Tron (TRX) cryptocurrency is not widely accepted among the mainstream as of yet. There are some online trading brokers who accept TRX and allow users to exchange it for fiat currencies, but not many. The most popular method of exchanging Tron (TRX), is to send it to a cryptocurrency exchange. On a cryptocurrency exchange, users can exchange their Tron for different cryptocurrencies, usually Bitcoin or Ethereum and in some cases fiat currency. Crypto exchanges are where people buy and sell Tron as it is a speculative digital asset. Cryptocurrency traders can buy Tron while it’s undervalued or low and sell it for Bitcoin or Ethereum when it rises in value. The trader could then sell their Bitcoin or Ethereum for fiat currency to make a profit.
One of the biggest differences between fiat currencies and cryptocurrencies is the way you store them. Cryptocurrencies are stored and held in what’s called a cryptocurrency wallet, rather than a bank. A crypto wallet provides the user with full control and access to their crypto funds. The same fees and inconveniences associated with banks are non existent with cryptos. TRX users can send their TRX across the world in a matter of seconds, be anywhere at any time, and send it for miniscule fees. Banking with cryptocurrencies like Tron (TRX) will one day become the norm as the benefits are substantial.