🔴 TRON is open for trading on Bitazza! (TRX/USDT) and (TRX/USDF)
TRX is the native utility token of the TRON network, which serves as the primary medium of exchange and is integral to the functioning of the platform. TRX can be used for various purposes, including paying for services and goods provided by service providers and merchants on TRON, paying for fees for running native smart contracts, participating in dApp-based activities, and staking to support the network’s security and governance. Additionally, TRX holders can vote for Super Representatives (SRs), who are responsible for validating transactions and producing blocks. This voting process ensures that the community plays a central role in the network’s governance, and TRX holders can earn rewards for participating in this process.
TRON is a multi-purpose smart contract platform that enables the creation and deployment of dApps. TRON utilizes a delegated Proof-of-Stake (DPoS) consensus mechanism, meaning it can maintain true decentralization while having optimal performance and scalability. TRON has a three-layer architecture divided into a core layer, a storage layer, and an application layer that allows it to optimize each for a specific set of functionalities.
To encourage developers to build on the TRON platform, the project offers a comprehensive suite of tools and resources, such as the TRON Virtual Machine (TVM), which is compatible with Ethereum’s Solidity programming language. This compatibility enables developers to easily migrate dApps from Ethereum to TRON. Furthermore, the TRON Accelerator initiative provides funding and mentorship to promising dApp projects, fostering a thriving ecosystem of innovation.
Data from: https://tron.network/
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