Wrapped TRON (WTRX) Price, Market Cap and Information

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network. Initially, the project was created with the aim of providing full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).

The TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications aka dApps. The cryptocurrency platform uses a transaction model similar to Bitcoin (BTC), namely UTXO. Transactions take place in a public ledger, where users can track the history of operations.

Therefore, the platform was built to create a decentralized Internet and serves as a tool for developers to create dApps, acting as an alternative to Ethereum. Anyone can create dApps on the TRON network, offer content, and in return receive digital assets as compensation for their efforts. The ability to create content and share it openly without hesitation regarding transaction fees is an undeniable advantage of TRON.

Network principles:

• The data hosted on the TRON network is free with no central authority. Content creators receive TRX tokens - a reward for their intellectual labour;
• TRON supports the creation of coins by content makers, which can be used in their own developed applications;
• TRON also carries out decentralized games on the network, players can encourage and reward creators with digital assets directly.

The ecosystem is based on three levels, which ensure the smooth and powerful operation of TRON. The architecture is as follows:

• Storage Layer, where network data, blockchain state and history data are securely stored. In general, its purpose is to segment all kinds of ecosystem data;
• Application Layer, where developers are key figures and where TRX is utilized to develop applications and create wallets;
• Core Layer, where various instructions are processed (which can be written only in two programming languages ​​- Solidity and Java). Principle of operation: the core layer computes instructions, processes them, and sends them to the Tron Virtual Machine, where the logic happens, and dApps are executed.

The main network protection tool, as well as one of the special features, is a delegated Proof-of-Stake (dPoS) system, an alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms. This is a competitive advantage of TRON, because it means that the network is far more energy-efficient.

Furthermore, due to its layered architecture, TRON processes more transactions at once than Proof-of-Work (PoW) systems. According to the development team, TRON has the higher throughput and is able to process up to 2000 operations per second without fees, thus, transactions on the network are feeless.