Tron (TRX) is an operating system built with distributed ledger technology that also utilizes smart contracts and markets itself as a “decentralized internet.” While many like to compare Tron to Ethereum, due to the smart contract capabilities and proof-of-stake consensus, it is more laser-focused on creating a content ecosystem that rewards users for sharing content and making data free and independent.
Tron was first built on the Ethereum blockchain but has seen created its own blockchain including three layers (storage layer, application layer, and core layer). As a result, the blockchains native token, TRX also moved off Ethereum. TRX is considered a token rather than a coin since its only purpose is as a store of value and not as a method of exchange.
Tron was created by Justin Sun, a well-known name in the cryptocurrency industry. Sun got his start working for Ripple before going independent in 2017 to form the Tron Foundation. Sun’s experience and reputation initially attracted many important investors around the world leading the initial coin offering (ICO) to raise tens of millions of dollars in 2017.
YouHodler aggregates prices from top centralized exchanges to provide an accurate Tron price and charts.
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