Bitcoin Halving

Tron

TRX
Price
$0
24 Hour % Change
n/a%
Market Cap
$0
Volume (24h)
$1.45B
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$0
24 Hour High
$0
Net change
n/a
24 Hour Open
$0
All time high
$0.231673
Total Supply
0
Returns (24H)
-1.24%
Returns (YTD)
89.10%
Volatility (30d)
1.62
Transaction Count (24h)
1.98M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$215.69M

About

Category
Software Platform
Value proposition
Global computer

Justin Sun founded the Tron Foundation in Singapore in 2017 with the aim of creating a protocol that could “decentralize the internet” and support decentralized applications. Beginning on Ethereum, it migrated onto its own blockchain in 2018, and Sun has now directly positioned Tron as a competitor to Ethereum. According to the foundation, the July 2018 acquisition of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem. In 2019, Tron and Tether announced a partnership to launch USDT on the Tron blockchain as a TRC-20 token – the protocol’s equivalent of a ERC-20 – with the aim of improving liquidity on decentralized exchanges. According to the project’s whitepaper, the network is based on a proof-of-stake system, in which 27 “super representatives,” or SRs, produce blocks for the network. A total of 336,384,000 TRX are awarded annually to the SRs.

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Foundations - Consensus: Distributed