What is TRON (TRX)

1. W W W . B L O C K C H A I N X . T E C H

2. About Us Tron's core goal is to decentralize the web using blockchain technology and decentralized applications (DApps). The network has been performing well since its mainnet launch in May 2018. Notably, in July 2018, the Tron Foundation took a milestone step by integrating BitTorrent, a pioneer in decentralized services with a user base of nearly 100 million per month. This integration further solidifies Tron's footprint in the decentralized web space. Tron’s strategic approach also sets it apart. The company has focused heavily on the Asian market, emphasized multilingual technical documentation, and leveraged Justin Sun’s public profile for branding. The acquisition of BitTorrent in 2019 and the subsequent launch of the BitTorrent token on the Tron token development blockchain was a masterpiece, allowing Tron to market a new cryptocurrency to a broad user base.

3. How does TRON work? The TRON Virtual Machine (TVM) is a compact and Turing-complete system designed for the TRON ecosystem. Its mission is to provide efficient, stable, scalable and secure blockchain solutions. TVM-compatible tokens are implemented through TRC-20 smart contracts and are fully compliant with the ERC-20 standard. Tron’s overall architecture somewhat mirrors Ethereum, with an account-based model. This system ensures that cryptographic keys control access to TRX and its token balances. The flow of data within the Tron blockchain is directed through three main layers: Core layer: Processes instructions written in Java or Solidity and directs them to the TRON virtual machine for execution. Application layer: Provides a platform for developers to make wallets and applications powered by TRX, ensuring software compatibility. Storage layer: specially designed to differentiate between blockchain data (its history) and its state data (which holds the smart contract state).

4. Tron's consensus is achieved through a Delegated Proof of Stake ( DPoS ) system. 27 "super representatives" are elected in turn to verify transactions and maintain the historical integrity of the system. These representatives are elected every six hours, and those elected will receive TRX generated by the protocol. The blockchain witnesses a new block addition every 3 seconds and rewards valid block producers with 32 TRX. To create a Tron token network, there are three main types of nodes: witness nodes, full nodes, and Solidity nodes. Witness nodes are responsible for proposing blocks and voting on the nuances of the protocol, while full nodes broadcast transaction data. On the other hand, Solidity nodes synchronize blocks from full nodes while providing an API. For users keen to influence the election of super representatives, they need " Tron Power ". This resource is obtained by locking TRX in an account (essentially staking). While the staking mechanism is similar to that on blockchains such as Tezos or Cosmos, on Tron, users receive 1 Tron Power for every 1 TRX they lock. This system encourages active participation in network governance and solidifies TRON's commitment to decentralization.

5. What modules are available on TRON? Although TRON's architecture is layered, its components are further divided into dedicated modules for different functions. Digging deeper into TRON's core layer, we find that: Consensus module: This is the core of TRON DPOS consensus mechanism. It not only manages consensus operations, but also ensures a balance between minimizing power consumption and maintaining optimal TPS performance. 01 KhaosDB module: Located in the memory of the full node, this module retains multiple new branch chains for a certain period of time. Its design helps witnesses to seamlessly transition between the main chain and the new chain. In addition, it also enhances the resilience of the blockchain storage system, ensuring that it does not accidentally stop in a transition state. 02 Digital Token Module: It is divided into two parts - the configuration part and the issuance/deployment part. The former enables users to customize their digital tokens through specific settings. In contrast, the latter facilitates users to establish relevant parameters before launching the token, providing default and customizable settings. 03

6. What are the Benefits of TRON (TRX)? The TRON network, based on its native cryptocurrency TRX (also known as Tronix), provides a multifaceted ecosystem tailored for users and investors. For those who want to delve deeper into TRON-based applications, including games or services, acquiring TRX is essential. It is the gateway to enjoying the many products on the platform. In addition to pure usage, TRX also plays an important governance role in the TRON token development company ecosystem. People who own TRX can actively participate in the network's consensus mechanism. By staking TRX, individuals gain the privilege of voting on protocol operational decisions, ensuring that the voice of the community influences the development of the network. For traders and investors, TRX offers a compelling addition to their portfolios. TRON’s flexibility in allowing users to create custom applications and tokens is attractive to those who see the potential in blockchain-based use cases. Furthermore, the prospect of generating passive income by staking TRX has a dual benefit: not only does it offer potential returns, it also reduces the inherent risk of holding digital assets. Therefore, before entering the world of TRON trading, newbies are advised to familiarize themselves with various cryptocurrency trading strategies in order to make an informed decision.

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