What is TRON (TRX)?
TRON is one of the most widely used public blockchains online, with 100 million users and a cumulative total of over 3.4 billion transactions. The TRON network aims to decentralize content-sharing and establish a framework through which future Web3 platforms will operate. TRON price is updated live on Binance.
Originally designed as a decentralized content distribution platform, TRON has expanded in scope and now functions as one of the biggest decentralized application (dApp) blockchains. The TRON ecosystem includes multiple scalability and adoption projects, such as its dApp sidechain, Sun Network.
The TRON network incorporates a variety of features that include dApps, smart contracts, and delegated proof-of-stake (DPoS) consensus, as well as stablecoin issuance capabilities. To date, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins, having overtaken the Ethereum network in early 2021.
Notably, TRON is a completely decentralized project that operates through a community decentralized autonomous organization (DAO). TRON operates a Turing-complete virtual machine called the TRON virtual machine or TVM. Smart contracts on the TRON network are interoperable with the TRON TRC-20 token standard. Its native token is TRX.
