Tron uses blockchain technology to create a decentralized and transparent platform. Key features of Tron technology include:
Delegated Proof of Stake (DPoS) consensus:Unlike traditional Proof-of-Work systems like Bitcoin, Tron uses DPoS to secure its network. This consensus mechanism allows for faster transaction speeds and lower energy consumption. In DPoS, token holders elect a group of “super representatives” to verify transactions. This ensures the security and efficiency of the network.
Smart contracts:Tron supports the creation of smart contracts, which are self-executing contracts with conditions written directly into the code. These contracts allow for the automation of various processes, reducing the need for intermediaries and providing transparency.
Tron Virtual Machine (TVM): TVM is Tron’s virtual machine that runs smart contracts and provides the foundation for dApp development. TVM is designed to be compatible with the Ethereum Virtual Machine (EVM) bytecode, allowing developers to easily port their applications to the Tron network.
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