TRON (TRX) Wallet

TRON is a decentralized digital platform for both content creators and consumers. TRON’s native cryptocurrency is Tronix (TRX), and its primary purpose is to allow users to interact with decentralized applications built on the platform. The TRON platform was founded in 2017 by Justin Sun – a Chinese American tech entrepreneur.

The idea behind the TRON platform is to challenge media giants like Netflix, Youtube, and Amazon in terms of content distribution. Thus TRON’s goal is to eliminate the middleman between content creators and content consumers. So direct content delivery with the immediate reward to creators.

The TRON’s native token – TRX – is mainly needed to get access to dApps on TRON. The thing is that there are no fees for content creators, but the consumer should pay some fee to reach the desired application. However, the direct transactions within the network are feeless and extremely fast – network bandwidth is as high as 2,000 transactions per second.

Back in 2017, the TRON project was launched as an ERC-20 token on the Ethereum blockchain, but not it has its own token standard called TRC-20. The launch of the mainnet took place in 2018, about a year after the initial project’s release. In the same year, TRON acquired a BitTorrent – one of the world’s major peer-to-peer file sharing platforms.