what you are about to read is an small part of an article from Binance research. there's a link at the end of the post for the full article.
1. What is TRON (TRX)?
TRON is a public blockchain dedicated to providing the underlying infrastructure that enables developers to create smart contracts and decentralized applications, freely publish, own, and store data & other content.
TRON deploys a Delegated Proof-of-Stake (DPoS) consensus mechanism to avoid the issue of low transaction throughput times and high transaction fees amongst Proof-of-Work (PoW) public blockchains (e.g., Bitcoin).
Specifically, some of the core features of TRON include:
- A three-layer architecture: a three-Tron supports a three-layer architecture divided into a core layer, a storage layer, and an application layer.
- Delegated Proof-of-Stake consensus: TRON utilizes a DPoS algorithm to reach high TPS, offering greater scalability than existing programmable networks.
- A network of 27 Super Representatives: TRON relies on a unique model with accounts named Super Representatives who generate and validate blocks.
- Tron Virtual Machine (TVM): smart contracts are written in Solidity, making it easy for Ethereum developers to deploy on the TRON network. The TRON project also plans on supporting additional languages in the future.
TRON's mission is to become the underlying architecture for decentralized applications, and therefore "building a truly decentralized internet".
Some of its products include:
- TronGrid: it provides full nodes running in the cloud allowing developers not to set up a full node to work with the TRON protocol. TRONGrid APIs enable developers to query events, transactions, assets, and other blockchain data. Since the launch of TronGrid v2 at the beginning of 2019, there has been a steady increase of traffic with occasional peaks due to dApp launches, averaging over 12,000 requests per second, over 1 billion requests per day. The average response time for querying events on TronGrid v2 has been continuously below 100ms. TronGrid v3, with new features and other significant performance improvements, is in the alpha testing phase as of April 17th 2019 and is expected to be soon released to the entire community.
- TronLink: it is a TRON wallet running as a Chrome browser extension, as well as on stand-alone iOS and Android applications. It can be integrated into other decentralized applications and can be used to send and receive TRX, TRC-10 (e.g., BTT), and TRC-20 tokens (USDT).
TRX is the native asset of the TRON network. A few examples of the use cases for the TRX token include:
- Payments for services and goods provided by service providers and merchants on TRON.
- Payments for fees and commissions for running native smart contracts.
- Staking TRX to delegate energy towards running smart contracts or voting for Super Representatives.
for the full article click HERE
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