$0.06215334
24H %
-2.19%
24H Low
$0.06133241
24H High
$0.06360763
DownloadIcon
TO

Linear
Log

About Tron

Sector

Smart Contract Platform


Industry Group

Single Chain


Industry

Single Chain



The Tron price is $0.06, a change of -2.19% over the past 24 hours as of 1:50 a.m. The recent price action in Tron left the tokens market capitalization at $5,706,563,209.62. So far this year, Tron has a change of 14.02%. Tron is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).


Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries.

Tron is one of many cryptocurrency projects vying to decentralize the internet with blockchain technology. It is a platform built specifically for peer-to-peer file sharing with the goal of competing with centralized media tech giants such as YouTube.

TRX price

  • In 2017, Tron raised $60 million in an initial coin offering (ICO). Tokens were initially allocated as follows:
  • 15.75 billion Tronix went to private sale investors.
  • 40 billion Tronix went to ICO investors.
  • The Tron Foundation, the nonprofit guiding Tron’s development, received over 34 billion Tronix.
  • Tech entrepreneur Justin Sun’s company Peiwo Huanle Technology Co. in Beijing received 10 billion Tronix.
  • When Tron’s mainnet launched, the Tron Foundation “burned” – or destroyed – 1 billion Tronix.

For now, Tron has a supply cap of 100 billion Tronix. But unlike some other cryptocurrencies such as bitcoin, that limit is not set in stone, the Tron Foundation has said.

According to price data provider CoinMarketCap, Tron’s price reached an all-time high of $0.22 in January 2018 amid a crypto-wide bull run. For most of 2018 and 2019, Tron’s price hovered between $0.01 and $0.04. Tron’s price hit a fresh peak of $0.16 in April 2021, rising with the rest of the market as bitcoin broke $64,000 for the first time.

How Tron works

Tron aims to make it easier to distribute files, images, videos and other entertainment content in a decentralized way, without media tech giants such as Netflix and YouTube in the middle.

To accomplish that goal, Tron borrows some of its technology from Ethereum. Similar to the popular cryptocurrency ethereum, Tron uses a virtual machine known as the “Tron Virtual Machine,” or TVM. A virtual machine is a program that allows network contributors (called nodes) to execute Tron-based smart contracts. Smart contracts are self-executing computer codes that perform certain functions when predefined conditions are met. For example, if Bob sends 1 ETH to a certain wallet, a smart contract triggers and sends him a loan for 2 ETH.

Tron is secured by delegated proof-of-stake, a consensus mechanism where token holders deposit an amount of TRX into a wallet and elect a delegate to validate transactions on the blockchain on their behalf. With Tron, a rotating group of 27 delegates called “super representatives” are swapped out every six hours to validate new transaction data and add it to the blockchain.

The key difference that separates Tron from competitors like YouTube is that Tron is built more with decentralized file sharing in mind.

To make it easier to decentralize media and files, Tron’s architecture is split into three layers:

  • The core layer: This layer deals with smart contracts, account management and the delegated proof-of-stake consensus mechanism.
  • Storage layer: For storing files and other large pieces of data.
  • Application layer: Where Tron developers can build their decentralized applications on the blockchain.

Key events and management

In 2017, Sun founded Tron, launching the Singapore-based Tron Foundation to guide the development of the cryptocurrency. Tron started on the Ethereum blockchain, but migrated to its own blockchain in 2018.

Sun is known for orchestrating extravagant marketing moves on behalf of Tron. In 2018, Tron acquired the popular decentralized file-sharing service BitTorrent for $120 million.

In 2019, Sun donated $4.57 million to a charity to win a lunch with Warren Buffett as an opportunity to talk to the prominent investor and bitcoin skeptic about cryptocurrency.

Tron also launched an ICO for BitTorrent in 2019. All the coins were bought up in less than 15 minutes.


Previously Aired
CDTV logo

Bitcoin falls about 5% after reaching a high of $23,950 Sunday. Why the u-turn? Arca Director of Trading and Operations Wes Hansen joins "All About Bitcoin" to discuss the bitcoin price action and outlook. Plus, Elon Musk reportedly plans to accommodate crypto in a Twitter payments system. Also, Luzius Meisser, Bitcoin Suisse Chairman of the Board, discusses new European Union crypto regulations.

$5.71B

$424.08M


Tron Price

24H Open
$0.06351233
24H Change
$-0.00138922
52 Week Low
$0.04524600
52 Week High
$0.09194000
All Time High
$0.23167300
Returns (YTD)
14.02%

Tron Market Stats

Total Supply
91.81B
Max Supply
N/A
24H Value Transacted
$311.57M
30D Volatility
0.45044400
24H Transaction Count
8.07M
24H Average Transaction Fee
N/A

About Tron

Sector

Smart Contract Platform


Industry Group

Single Chain


Industry

Single Chain



The Tron price is $0.06, a change of -2.19% over the past 24 hours as of 1:50 a.m. The recent price action in Tron left the tokens market capitalization at $5,706,563,209.62. So far this year, Tron has a change of 14.02%. Tron is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS).


Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries.

Tron is one of many cryptocurrency projects vying to decentralize the internet with blockchain technology. It is a platform built specifically for peer-to-peer file sharing with the goal of competing with centralized media tech giants such as YouTube.

TRX price

  • In 2017, Tron raised $60 million in an initial coin offering (ICO). Tokens were initially allocated as follows:
  • 15.75 billion Tronix went to private sale investors.
  • 40 billion Tronix went to ICO investors.
  • The Tron Foundation, the nonprofit guiding Tron’s development, received over 34 billion Tronix.
  • Tech entrepreneur Justin Sun’s company Peiwo Huanle Technology Co. in Beijing received 10 billion Tronix.
  • When Tron’s mainnet launched, the Tron Foundation “burned” – or destroyed – 1 billion Tronix.

For now, Tron has a supply cap of 100 billion Tronix. But unlike some other cryptocurrencies such as bitcoin, that limit is not set in stone, the Tron Foundation has said.

According to price data provider CoinMarketCap, Tron’s price reached an all-time high of $0.22 in January 2018 amid a crypto-wide bull run. For most of 2018 and 2019, Tron’s price hovered between $0.01 and $0.04. Tron’s price hit a fresh peak of $0.16 in April 2021, rising with the rest of the market as bitcoin broke $64,000 for the first time.

How Tron works

Tron aims to make it easier to distribute files, images, videos and other entertainment content in a decentralized way, without media tech giants such as Netflix and YouTube in the middle.

To accomplish that goal, Tron borrows some of its technology from Ethereum. Similar to the popular cryptocurrency ethereum, Tron uses a virtual machine known as the “Tron Virtual Machine,” or TVM. A virtual machine is a program that allows network contributors (called nodes) to execute Tron-based smart contracts. Smart contracts are self-executing computer codes that perform certain functions when predefined conditions are met. For example, if Bob sends 1 ETH to a certain wallet, a smart contract triggers and sends him a loan for 2 ETH.

Tron is secured by delegated proof-of-stake, a consensus mechanism where token holders deposit an amount of TRX into a wallet and elect a delegate to validate transactions on the blockchain on their behalf. With Tron, a rotating group of 27 delegates called “super representatives” are swapped out every six hours to validate new transaction data and add it to the blockchain.

The key difference that separates Tron from competitors like YouTube is that Tron is built more with decentralized file sharing in mind.

To make it easier to decentralize media and files, Tron’s architecture is split into three layers:

  • The core layer: This layer deals with smart contracts, account management and the delegated proof-of-stake consensus mechanism.
  • Storage layer: For storing files and other large pieces of data.
  • Application layer: Where Tron developers can build their decentralized applications on the blockchain.

Key events and management

In 2017, Sun founded Tron, launching the Singapore-based Tron Foundation to guide the development of the cryptocurrency. Tron started on the Ethereum blockchain, but migrated to its own blockchain in 2018.

Sun is known for orchestrating extravagant marketing moves on behalf of Tron. In 2018, Tron acquired the popular decentralized file-sharing service BitTorrent for $120 million.

In 2019, Sun donated $4.57 million to a charity to win a lunch with Warren Buffett as an opportunity to talk to the prominent investor and bitcoin skeptic about cryptocurrency.

Tron also launched an ICO for BitTorrent in 2019. All the coins were bought up in less than 15 minutes.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 01/31/23 1:50 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Tron

CoinDesk - Unknown
Crypto Markets Today: Huobi Tensions Sink Tron Token Price

ALSO: Bitcoin and ether traded up. Equities also rose after a strong U.S. jobs report.

CoinDesk - Unknown
CoinDesk - Unknown
Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange

Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.

CoinDesk - Unknown
CoinDesk - Unknown
First Mover Asia: Why Is Tron Founder Justin Sun Keeping Some of His Coins in Valkyrie Digital Assets?

ALSO: Bitcoin spent a low-key 14th birthday, trading almost precisely in the same narrow range it's held since mid-December; other cryptos traded sideways, although SOL rose 22% to continue its nearly week-long surge.

CoinDesk - Unknown

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 duration of CoinDesk content in all its forms.