TRON platform features

[BlockchainXTech]

TRON is an open-source decentralized blockchain platform founded by the Chinese company TRON Foundation, registered in Singapore. The main cryptocurrency on the platform is TRONIX (TRX). For the first time, the platform was unveiled in the summer of 2017 by Chinese businessman Justin Sun.

In 2017–2018, the company held one of the biggest and biggest ICOs, during which $ 70 million was raised. About 40% of the total issue was sold to investors, and the rest went to TRON’s reserve fund (35%), for pre-sale to other investors. The project team consists of very experienced developers from different countries: China, USA, Japan. Initially, TRX represented the token in the ERC 20 standard, but after the ICO in 2018, the cryptocurrency moved to its own blockchain.


Tron’s distinctive features include:

1.The virtual machine (TVM), smart contracts and TRON token standards are compatible with Ethereum, which simplifies the migration of projects to this blockchain.
2. Users can perform transactions on the net for free TRON, ie, no commission due to the presence of special parameters: wideband and energy.
3. Even when the bandwidth is exceeded, the network fees are still very low compared to the Ethereum network.
4. The ability to simplify token creation (TRC10), without a lot of money and time.
5. To create a new TRC-10 token, you need 1024 TRX, and to create a new account, 0.1 TRX.
6. Unlike the Ethereum network, when tokens are sent to the TRON network, the tokens can be used as a commission to pay for the network, rather than the main TRX coin.
7. Developers have the opportunity to build decentralized applications not only in the core protocol language (Java), but also in others, including Scala, C ++, Python, and Go, and with support for the Protobuf structured data serialization protocol.
8. The average confirmation time per transaction is 1 min. For the transaction to be confirmed, 19 network blocks will be required (a new block is created approximately every 3 seconds).
9. The issuance of cryptocurrencies is 100 billion.