Tron (TRX)
TRON is a decentralized, open-source blockchain platform launched in 2018 by Justin Sun. It aims to create a decentralized internet infrastructure for building decentralized applications (dApps) and digital content sharing.
Key Features:
- High Throughput: TRON's network can process up to 2,000 transactions per second (TPS), offering faster transaction speeds compared to many other blockchains.
- Delegated Proof-of-Stake (DPoS) Consensus: TRON utilizes a DPoS mechanism, where 27 Super Representatives are elected by TRX holders to validate transactions and secure the network.
- TRON Virtual Machine (TVM): The TVM is a lightweight, Turing-complete virtual machine designed for efficient execution of smart contracts, facilitating the development of dApps.
- Low Transaction Fees: TRON offers minimal transaction fees, making it cost-effective for users and developers to interact with the network.
- Interoperability: TRON supports various blockchain networks and is compatible with major smart contract systems, including Ethereum, enhancing its versatility.