Tron

TRX
Price
$0.060935
24 Hour % Change
0.98%
Market Cap
$4.37B
Volume (24h)
$884.74M
Linear
Log
to
1h12h1d1w1m3m1yall
Key metrics
24 Hour Low
$0.059702
24 Hour High
$0.061495
Net change
$0.000593
24 Hour Open
$0.060356
All time high
$0.231673
Total Supply
71.66B
Returns (24H)
0.98%
Returns (YTD)
128.63%
Volatility (30d)
0.55
Transaction Count (24h)
9.26M
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$95.26M

About Tron

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. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.


Blockchain 101
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed