CoinMarketCap takes a deep dive into Tron, one of the largest blockchain platforms.
Right now, if you want to get practically anything done on the internet, whether that be watching a video, making a payment, trading or simply browsing online, you’ll likely need to rely on centralized platforms to do so.
This comes with a host of downsides, not the least of which can include privacy concerns, data manipulation and disinformation, and potential censorship. But this might not be the case for much longer if TRON delivers on its lofty goals.
What Is TRON (TRON)?
TRON is an advanced blockchain platform that is built to decentralize and democratize the content distribution industry through an arsenal of permissionless tools, platforms and protocols.
As a smart contract-capable blockchain, TRON allows developers to build and deploy highly capable decentralized applications (DApps) that can be designed for practically any purpose — including online games, decentralized exchanges, yield farms, open lending platforms and more.
The platform was founded in September 2017 by tech entrepreneur Justin Sun, who currently heads up the Tron Foundation — a non-profit that assists with the development and growth of the TRON ecosystem. It raised a total of $70 million in an initial coin offering (ICO) and launched its mainnet in June 2018. Since then, it has grown to become one of the top 20 cryptocurrencies by market capitalization and briefly held a stint among the top 10.
How Does TRON Work?
TRON is similar to EOS in that users on the network need to acquire resources in order to transact or interact with smart contracts. On TRON, these resources are separated into four types: bandwidth, CPU, storage and RAM. Users need to freeze (temporarily lock) their TRX to get bandwidth and energy.
When a user makes a regular transaction, bandwidth points are consumed, whereas smart contract transactions also consume energy. Both bandwidth and energy are gradually recovered over a 24-hour period.
Like most smart contract platforms, TRON features its own virtual machine — in this case, known as the TRON Virtual Machine (TVM). The TVM is essentially the operating system used for running smart contracts in a secure and decentralized, but reliable environment. The TVM is said to be Turing-Complete, but its full capabilities are still being unraveled.
TRON is secured by a delegated-proof-of-stake (DPoS) consensus mechanism, which uses a network of 27 super representatives (SRs) to verify transactions and package them into blocks. These Super Representatives are voted into position through an open election, which sees TRX holders vote on their favorite SRs based on their merits.
Super representatives are also tasked with proposing improvements to the TRON network — which are then voted in or rejected by other SRs and a second type of node known as SR partners.
In the original TRON whitepaper, a 10-year roadmap was set out for the project. TRON is currently almost halfway through this roadmap, and as of April 2021 is currently in the “Great Voyage” era of development.
What Makes TRON Unique?
TRON is built to power a decentralized internet, where individuals can access content without geographical restrictions, censorship or limitations. It includes a number of features that help achieve this goal, including:
On-Chain Governance
TRON joins the increasing number of blockchain platforms to support on-chain governance — allowing TRX holders to play an active role in shaping the future of the platform by selecting the super representatives and super representative partners that ultimately enforce the will of the community.
Users that participate in the voting process by staking their tokens will receive a fraction of the network rewards in return.
Token Support
Like other competing smart contract platforms, including Ethereum and Binance Smart Chain, TRON supports a variety of token standards, which helps developers power a range of novel use cases. These include TRC-20, TRC-10 and TRC-721 (non-fungible) token standards.
High Scalability
TRON is designed to support massive on-chain scaling, allowing developers to build applications that can support potentially tens of thousands of users simultaneously. At present, TRON’s DPoS consensus system allows it to comfortably handle around 2,000 transactions per second (TPS), but there are plans to further improve this in the future.
Well-Developed Ecosystem
As one of the earliest smart contract platforms to move to mainnet, TRON now has a well-developed ecosystem of DApps and DeFi products. This includes the decentralized file-sharing protocol BitTorrent, decentralized exchange PoloniDEX and the JUST ecosystem of DeFi platforms.
Since TRON’s virtual machine is compatible with the Ethereum Virtual Machine (EVM), developers can easily port their DApps from Ethereum or other EVM-compatible blockchains to TRON.
What Are Smart Contracts?
Smart contracts have long been hailed as one of the most promising use cases of blockchain technology since they’re capable of potentially replicating many of the main functions of traditional financial institutions — albeit on a decentralized network.
In essence, smart contracts are snippets of code that are designed to automatically carry out an agreement — ensuring that the two or more parties involved in the agreement don’t necessarily need to trust one another, so long as they trust that the smart contract is reliable and secure.
Smart contracts will automatically enforce the terms specified in an agreement when the right conditions are met, e.g. you might have a smart contract that automatically sends a payment to a specific address on the same day each year, or one that allows two individuals to wager on an outcome before automatically distributing the pot to correct participant.
Today, smart contracts form the underlying code or the vast majority of decentralized applications and are becoming increasingly woven into the fabric of the blockchain landscape.
To learn more about smart contracts and their current role in decentralized finance, click here.
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FAQs
Tron is a blockchain-based digital platform that primarily hosts entertainment applications. It has its own in-house cryptocurrency, called Tronix or TRX. TRX ranks 31st among cryptocurrencies in market capitalization.
Is Tron is a good investment? ›
Overall, it can make a good investment in 2022 if you follow the current TRON price predictions.
How does Tron make money? ›
Tron works on a delegated proof-of-stake consensus mechanism. In this system, transactions are validated by 27 super representatives that are entrusted to maintain the transaction history. Super representatives are chosen every six hours, and earn TRX coin generated by the mechanism as a reward for their services.
Is Tron a coin or token? ›
It was originally an Ethereum-based ERC-20 token, which switched its protocol to its own blockchain in 2018. TRC20 has a fee of 5 trones per 1 USDT coin for the transfer. TRON-Foundation Ltd.
Is Tron a future coin? ›
Many people wonder what is TRON coin. The TRON project runs off a cryptocurrency called TRX, and this cryptocurrency has garnered a lot of fans, often called the 'TRX army'.
...
What Is The Future Of TRON ?
| Period | Best Case Scenario | Worst Case Scenario |
|---|
| 2022 | $4.50 | $0.25 |
| 2023 | $2.70 | $0.25 |
| 2025 | $10 | $0.70 |
1 more rowEARN REWARDS* BY SECURELY STAKING YOUR TRON
Staking your Tron (TRX) allows you to passively earn rewards for your help to secure the network. Through the Ledger Live app, you can easily and securely delegate your Tron to a validator and start earning rewards, passively.
Why is TRON so cheap? ›
Tron is so cheap because its supply is very large, i.e. this isn't the case of Tron being undercapitalized. TRX is in the top-30 on Coinmarketcap, for example.
Can we trust TRON? ›
TRON cryptocurrency has become one of the new buzzwords in the world of cryptocurrency. While it does present several unique technical aspects such as higher transactions per second as compared to its peers, it should also be noted that investing in cryptocurrencies is generally considered to be very risky.
Can TRON reach $5? ›
TRON is predicted to grow in value. It is estimated that TRON TRX could reach the value of $5 in a period of five years, according to some experts and market analysts.
Why is Tron so famous? ›
Tron also anticipated the digital future of film-making. It was the first movie to incorporate lengthy sequences of entirely computer-generated imagery (CGI) – a then-unprecedented 15 minutes' worth. Nobody had seen anything like it.
Tron is a decentralized blockchain platform designed to promote content and entertainment. The network has the capacity to process 2,000 transactions per second and is based on a delegated Proof-of-Stake consensus. Tron users elect “super representatives” (SRs) to validate transactions, earning fees for their services.
Are Tron fees high? ›
Therefore, standard TRX transactions have very low fees compared to other networks and crypto assets. They exist but in a very low, nominal way. Tron smart contracts may be higher in fees depending on the overall bandwidth of the contract itself.
Which is better Bitcoin or TRON? ›
In comparison, Tron had a yearly energy consumption of 162,868 kWh for over 2.31 billion transactions, or roughly 99.9% less than the power consumed by Bitcoin and Ethereum.
Who is the owner of TRON coin? ›
Justin Sun (Chinese: 孙宇晨; pinyin: Sūn Yǔchén; born July 30, 1990) is a Chinese cryptocurrency entrepreneur, and business executive. He is the founder of Tron (founded July 2017), a blockchain DAO ecosystem.
Is TRON a mining? ›
Over the past years, TRON's native coin TRX has increased in price by over 200%, attracting the attention of potential investors and traders who started looking for ways to mine TRON. The fact is that mining the TRON blockchain is impossible.
Will TRON hit a dollar? ›
By 2025, the site said, tron could be worth $0.18, possibly reaching $0.26 in 2026, $0.38 in 2027 and $0.54 in 2028 and potentially closing the decade at $0.54. The site made a tron price prediction for 2030 of $1.16, with the coin predicted to hit $1.70 in 2031.
Is TRON good investment for 2025? ›
The long term TRON (TRX) price prediction and the TRON technical analysis also indicates that the cryptocurrency will surprise its fans by pegging at and average price of $0.24 by the first half of 2025 and in the second half, it may hit $0.25.
What will TRON be worth in 10 years? ›
TRON 10 Year Price Predictions
Crypto-Rating.com predicts that TRON will be priced at $1 in ten years. While other experts estimate $8 in 2030.
Does Tron burn coins? ›
Coin Burning is completely legal, and it has been practiced by many well-known developers like BINANCE (BNB) and TRON (TRX), which are famous for burning their coins to reward their coin holders.
Will Tron be successful? ›
As we mentioned, Tron might not reach $1 in the next five years. Gov. capital believes that Tron might trade at around $0.560 by 2027. On the other hand, Long Forecast is a bit bearish and predicts that Tron will fall below the current price to around $0.05 by the end of 2026.
Like many other digital currencies, TRX coin transactions occur on a public ledger. On this public ledger, the history of each transaction can be traced all the way back to the first transaction.
Is Tron fundamentally strong? ›
TRON is among such reliable cryptocurrencies that has an investment appeal especially for those looking for inexpensive trading options in the crypto market. TRON is basically a blockchain-based decentralized digital platform having its own cryptocurrency, Tronix (TRX) .
What was Tron lowest price? ›
About TRON
TRON's price today is US$0.05395, with a 24-hour trading volume of $147.66 M. TRX is -1.14% in the last 24 hours. It is currently -1.99% from its 7-day all-time high of $0.05505, and 2.47% from its 7-day all-time low of $0.05265. TRX has a circulating supply of 92.13 B TRX.
What was the highest value of Tron? ›
The market rank of Tron is 16 based on a market capitalization of 4,689,117,365 €. Tron has a circulating supply of 92,169,958,027 TRX. The highest recorded Tron price is 0.19 €.
Why do they call it TRON? ›
The Universe/mythology is named after the computer program Tron, who saved ENCOM's mainframe computer system and the real world from an evil self-aware computer program known as the MCP in 1982.
Is Tron better than ethereum? ›
Moreover, Tron is able to complete transactions more quickly and cheaply. Tron is thus a faster, more flexible, and lower transaction price network than Ethereum.
Which crypto is cheapest transfer? ›
This article features the top 10 cryptocurrencies with low crypto transaction fees in 2023.
- Stellar. Stellar is an open-source payment technology founded by Jed McCaleb. ...
- Tamadoge. Tamadoge is one of the latest Metaverse blockchain projects available in presale. ...
- NANO. ...
- Battle Infinity. ...
- Cardano. ...
- IOTA. ...
- Litecoin. ...
- Dash.
A decentralized, overcollateralized stablecoin
These include Bitcoin, Tron's token TRX, and popular stablecoins USDT and USDC. USDD is currently over-collateralized with a collateral ratio of 292.8%, according to data from the TRON DAO Reserve, which maintains the stablecoin's equilibrium.
Can Tron reach 10 dollars? ›
While theoretically any dollar price value is possible for almost any cryptocurrency, the reality is that it is highly unlikely that Tron will reach $10,000 during the course of its active operational lifespan.
Can Tron replace Ethereum? ›
Tron has seen a high surge in its activity and adoption recently, and its dApp transaction volume has almost surpassed Ethereum. Since it has a well-laid ecosystem, Tron will have potential growth in the future. And if its upgrades continue, there is a good chance of Tron being the 'Ethereum Killer'.
Tron (franchise)
| Tron |
|---|
| Film(s) | Tron (1982) Tron: Legacy (2010) Untitled Tron film (TBA) |
| Short film(s) | Tron: The Next Day |
| Television series | Tron: Uprising (2012) |
| Audio |
9 more rowsThe live TRON price today is $0.053114 USD with a 24-hour trading volume of $168,955,869 USD.
Why are people buying Tron? ›
With the Tron blockchain, people can share content such as documents, movies, and other content, and get paid in Tron. This was the whole essence of integrating Bittorent. As more people use the platform for content distribution, demand for Tron will rise. This will drive up its value over time.
Is Tron better than Ethereum? ›
Moreover, Tron is able to complete transactions more quickly and cheaply. Tron is thus a faster, more flexible, and lower transaction price network than Ethereum.
Why is Tron special? ›
Tron, along with The Last Starfighter, has the distinction of being one of cinema's earliest films to use extensive computer-generated imagery (CGI). The inspiration for Tron dates back to 1976, when Lisberger became intrigued with video games after seeing Pong.
Can TRON reach $100? ›
Can Tron reach $100? It's very unlikely that Tron will reach $100 given its fundamentals, such as circulating supply, and current valuation.
Will Tron hit a dollar? ›
By 2025, the site said, tron could be worth $0.18, possibly reaching $0.26 in 2026, $0.38 in 2027 and $0.54 in 2028 and potentially closing the decade at $0.54. The site made a tron price prediction for 2030 of $1.16, with the coin predicted to hit $1.70 in 2031.
Is Tron good investment for 2025? ›
The long term TRON (TRX) price prediction and the TRON technical analysis also indicates that the cryptocurrency will surprise its fans by pegging at and average price of $0.24 by the first half of 2025 and in the second half, it may hit $0.25.
Why do they call it Tron? ›
The Universe/mythology is named after the computer program Tron, who saved ENCOM's mainframe computer system and the real world from an evil self-aware computer program known as the MCP in 1982.
What makes Tron crypto different? ›
Tron is a decentralized blockchain platform designed to promote content and entertainment. The network has the capacity to process 2,000 transactions per second and is based on a delegated Proof-of-Stake consensus. Tron users elect “super representatives” (SRs) to validate transactions, earning fees for their services.
The cryptocurrency powering the Tron blockchain is called tronix, the smallest denomination of which is called a “sun,” after Justin Sun, the protocol's creator. In total, 100 billion TRX was created at the time of Tron's initial coin offering (ICO) in 2017.
