It’s always good to diversify one’s crypto investment portfolio with cryptocurrencies having a daily growing market cap. 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) . It was developed by Justin Sun
The platform mainly hosts entertainment applications and facilitates cost-effective sharing of digital content. The platform grew rather fast, reaching 50 million user accounts by August 2021 and gained a global outreach.
TRON was developed to take over web-based entertainment entities like Amazon and Netflix as is clear in its slogan, Decentralize the Web. It aimed at eliminating the corporate middleman from the process of consuming media.
A look at how TRON executes its platform for achieving its goals in entertainment :
- TRON employs the blockchain and peer-to-peer network technology to eject intermediaries and facilitate direct sale of content creators’ work to consumers.
- It uses Solidity programming language to create apps that are hosted on its platform.
- The currency used on the network is Tronix or TRX:
- The crypto TRX connects the entire TRON ecosystem with abundant application scenarios that power transactions and applications on the chain.
- Consumers of the network directly pay content creators in TRX for accessing their applications.
- Content creators do not pay any transaction fee to Tron.
- TRX transactions are also free on the platform.
- TRON platform has a high throughput at 2,000 transactions per second, way higher than Bitcoin or Ethereum.
- The high scalability and effective smart contract of the network provides a variety of ways for applications to be developed.
- This also helps in supporting a large number of users.
Benefits of buying TRX :
- Tron offers zero transaction fees and has a very high tps compared to Bitcoin and Ethereum.
- It is a fastly growing crypto asset, which exceeded $108 million within a month of its launch.
- Even staking or simply holding TRX enables holders to earn income, where users stake their TRX at a 1:1 ratio. The more TRX assets they stake, the more TRX they can earn.
- This also helps in ensuring the safety of the TRON network.
- Users can store their TRX crypto tokens in any kind of wallet including desktop, mobile, or hardware wallet.
- TRX has borrowed some basic building features from Ethereum blockchain and incorporated tokens, smart contracts and decentralized applications (dApps).
TRON can be bought in India on major crypto exchanges such as ZebPay.
For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here.
Read More:Is TRON a good investment? Where to buy TRON cryptocurrency in India? – Times of India