The Tron Foundation created and released TRON (TRX), a decentralized blockchain-based operating system, in 2017. Initially released on Ethereum as ERC-20-based tokens, TRX tokens were eventually migrated to their network.
The major objective is to support and motivate content creators who receive only a small portion of their income by giving them greater compensation for their efforts.
TRON software is compatible with smart contracts, multiple blockchain systems, and decentralized applications (dApps). The cryptocurrency platform, UTXO, employs a transaction paradigm similar to Bitcoin (BTC). Transactions are recorded in a public ledger, so users can view the history of previous activities.
As a result, the platform was created to create a decentralized Internet and to serve as a framework for developers to create dApps as an alternative to Ethereum. Anyone on the TRON network can create dApps, offer content, and get digital assets in exchange for their efforts. The ability to develop and share material openly without fear of transaction costs is an evident advantage of TRON.
A blockchain-based operating system called TRON aims to make this technology practical.
The data stored on the TRON network is unrestricted and decentralized. TRX tokens are given to content creators as payment for their creative labor; TRON encourages content creators to create their currency that may be used in applications they have made themselves;
Decentralized games are also run on the TRON network, allowing users to directly support and thank game developers.
Three tiers of the ecosystem maintain the efficient and effective operation of TRON.
Network data, blockchain state, and historical data are safely saved at the storage layer. Its main objective is to categorize various ecological data types.
TRX is used to develop applications and wallets at the application layer, where developers play a crucial role.
The Core Layer is where all instructions are processed. The core layer computer instructions process them and transmit them to the Tron Virtual Machine, where logic occurs and dApps are performed.
A delegated Proof-of-Stake (dPoS) system, which offers an alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms, serves as the primary network protection mechanism and one of the special characteristics. This gives TRON a competitive edge because it makes the network much more energy-efficient. Additionally, tron coin market cap handles more transactions simultaneously than Proof-of-Work (PoW) systems because of its layered architecture. The development team claims that TRON has a better capacity and can execute up to 2000 operations per second without charging a fee, making network transactions free.