Since its launch in 2017, the TRON network has become one of the most prevalent blockchains and cryptocurrencies in the world. Since moving away from Ethereum, TRON has made more than a few big moves. In this guide, you will learn all there is to know about TRON, their native TRX token, TRON price prediction, and more.
What is TRON (TRX)?
TRON itself is a blockchain which allows developers to create their own smart contract-based decentralized applications (dApps). It was originally designed to give content creators more freedom and control when it comes to sharing and monetizing digital media.
It initially began on the Ethereum blockchain before eventually becoming its own ecosystem. TRON has since pivoted and redeveloped itself to be a decentralized application blockchain. The emphasis for users is on overall scalability, speed, and experience.
Who are the Founders of TRON (TRX)?
Though there have been other hands in the mix, TRON (TRX) was initially the creation of Justin Sun. The process began with the start of the TRON Foundation in 2017, eventually shifting into the current development.
Sun is also the founder of the TRON Blockchain, which came after the company shifted from the Ethereum blockchain to its own. The TRON Foundation was responsible for not only the development, but also the operation of the TRON network.
What Makes TRON Unique?
Though blockchains and crypto tokens come and go, the ones that last manage to bring something unique to the table. The TRON blockchain is unique for a handful of reasons laid out below.
Content-Focused
Without a doubt, the single biggest thing that makes TRON stand out among other blockchains is its focus. TRON is geared to content creators, not to mention those developing and creating decentralized applications.
The architecture of TRON has been designed to prioritize and facilitate content creation and distribution. The platform is a hub for a variety of dApps, including applications within the finance, art, multimedia, and gaming space. Creators on the network do not face transaction fees, either, making it a cost-effective option.
Resistance to Censorship
Because it is a decentralized blockchain, TRON is naturally resistant to challenges from central authorities. Unlike centralized blockchains, TRON does not have to follow censorship restraints, allowing it to maintain a freer, more open environment.
The core principles of decentralization are often overlooked, but TRON stands out because it is truly decentralized. Content creators are also subject to fewer restrictions, providing a free, open place for creators to develop and grow their content.
Low Transaction Fees
Let’s be honest: a great benefit to any blockchain is dealing with lower transaction fees. TRON manages to stand out because, compared to its peers, the transaction fees on the TRON blockchain are much lower. This makes it an attractive option for not only individual users and content creators, but businesses as well.
The decentralized nature of TRON removes intermediaries, which generally raise the cost of transactions. Because there are no intermediaries to deal with, fees are greatly reduced. Compared to other major blockchains, TRON requires a fraction of costs. Content creators on the platform aren’t subject to transaction fees, making it an even more favorable option.
High Scalability and Transaction Speeds
A critical aspect of any blockchain is being able to handle large volumes of transactions in short order. TRON has a fantastic processing speed, capable of handling as many as 2,000 transactions per second (TPS). That number is substantially better than both Ethereum and Bitcoin, which makes it an ideal option when it comes to real-time dApps.
Part of TRON’s capabilities are due to the Delegated Proof-of-Stake (DPoS) consensus protocol. This mechanism allows TRON to have higher scalability and throughput as a result.
TRON Virtual Machine (TVM)
Finally, a unique aspect of the TRON blockchain is its virtual machine. The TVM is what gives developers the ability to build their decentralized applications on the TRON blockchain with far greater efficiency.
The TVM was designed and created to facilitate the migration of dApps over from the Ethereum blockchain while also cutting resource usage to a minimum. As other major blockchains scramble to reduce the required resources needed to operate, TRON remains ahead of the game.
How Many TRON (TRX) Coins are There in Circulation?
When it was created, TRON came with a maximum supply of 100,850,743,812 TRX. The current supply is roughly 71.65 billion TRX tokens. Like other major tokens, TRX has a burn rate built in to help pare down the total supply, raising demand in the process.
How is the TRON Network Secured?
TRON is secured through its consensus mechanism, called a Delegated Proof-of-Stake consensus (DPoS). The system is great in that it provides a robust network of Super Representatives who work to validate each of the transactions on the blockchain.
The system also rotates its validators every six hours, and each of the validators is selected by a group of voters. These voters stake their TRX token to have a vote, allowing anyone with TRX the opportunity to participate in the consensus system.
TRON (TRX) Ecosystem
The TRON blockchain is largely the same as it was when it was created. It acts as a decentralized platform on its own blockchain, providing peer-to-peer network technology to get rid of the middleman and allow content creators to better control and monetize their content.
Developers are able to use the TRON blockchain to create decentralized applications and host them right there on the TRON platform. TRON remains vigilant in maintaining a space where content creators can exercise more control and autonomy over their creations while paying little to nothing in transaction fees.
FAQs
How does the TRON Blockchain work?
The TRON blockchain is built using smart contracts. These are self-executing contracts that are based on predetermined protocols. Developers are then able to build and deploy their own decentralized applications. Everything is powered by the native token, TRX, though many transactions come with little to no fees.
Can I mine TRON?
What can I use TRX for?
Since its launch, TRX has been developed for a litany of use cases. Here are the most prevalent:
- Global entertainment. TRON is working to create a global entertainment system, giving content creators the chance to fully control the content they create. The idea is to challenge the largest media platforms like Google, Instagram, Netflix, etc. Through peer-to-peer communication, TRON eliminates third parties.
- Decentralized Applications (dApps). Developers working on the TRON blockchain can not only build but deploy dApps right on the TRON network. These applications cover a litany of use cases, including social media, decentralized finance, gaming, and more. TRX is a way to interact with and exchange dApps, turning into one of the most versatile currencies within the TRON ecosystem.
- Cross-chain activities. Cross-chain capabilities are becoming more important. TRON allows it to be used for asset transfers, engaging with dApps on other networks, and a plethora of cross-chain activities. TRON can also be deployed on popular blockchains, received as a valid token. As a result, users looking to interact with various blockchains can do so, making TRON competitive in the cryptocurrency and decentralized finance sectors.
- Low transaction fees. A big selling point of TRON is that a transaction fee is roughly 0.82% TRX. This is substantially lower than the gas prices on Ethereum. Content creators operating on the platform have no transaction fees, which makes it far more cost-effective. The proof-of-stake consensus also provides a more environmentally friendly option compared to the proof-of-work consensus Bitcoin uses.
- Financial projects that are smart contract based. TRON is frequently used to create smart contracts for financial projects. This includes lending platforms, yield farming, and decentralized exchanges. A plethora of projects are powered by TRC-20 and TRX tokens, which gives users rewards as well as interest right there in the TRON ecosystem.
- TRC-20 token standard. TRON makes use of a three-layer protocol which includes core, application, and storage layers. This is quite similar to the ERC-20 protocol Ethereum uses. This gives developers the ability to create and issue tokens within the TRON network, which are then available for uses like loyalty programs, fundraising, etc.
How to store TRX?
There are two ways to store TRON (TRX). The first is through a “cold” wallet, which is a personal drive that doesn’t have a consistent connection to the internet. There are also “hot” storage options, which are often connected through exchanges. The latter is susceptible to potential security threats, though cold storage can be dicey if you don’t remember the key phrase.
What is the highest and lowest price for TRON (TRX)?
TRON (TRX) managed to hit an all-time high on December 3, 2024, when it was valued at $0.44995 USD. Like many tokens, their all-time low came shortly after launch. Their low was on November 12, 2017, when it was being sold for just $0.001804.
What is the market cap of TRON (TRX)?
Market cap of a token is determined by taking the current token valuation and multiplying it by the total number of tokens currently distributed. The entire supply of TRX has been issued, though token burning has brought it down to just under 95 billion TRX tokens. With all coins in distribution, TRON TRX’s market cap is $23.78 billion USD.
What is the fully diluted valuation of TRON (TRX)?
The fully diluted valuation of a token is the current market value multiplied by the maximum token supply. With more than 100 billion tokens possible, the fully diluted market value of TRON (TRX) is currently $23.295 billion USD. This number can and will change as the market price of TRX moves.
How does the price performance of TRON compare against its peers?
One of the metrics used to compare a coin to its peers is Price-to-Earnings Ratio. The average of TRON’s peers is roughly 18.3x, whereas TRX is much more expensive at 66.3x. This means that it costs more to acquire TRX compared to its performance when matched against peer tokens.
How do network consensus and validation work on TRON?
TRON uses a Delegated Proof of Stake (DPoS) consensus mechanism. Validation is performed by 27 elected Super Representatives who work to not only validate transactions, but to produce blocks as well.
What is the maximum token supply of TRON (TRX)?
When it was created in 2017, TRON (TRX) issued with a maximum supply of 100,850,743,812 tokens. It is estimated that there are roughly 71.6 billion TRX tokens currently in circulation.
What is the history of TRON?
Launched in 2017 by the TRON Foundation, TRX was initially an ERC-20-based token on the Ethereum blockchain. A year later, TRX was moved to its own network with the goal being to provide full ownership rights to those making digital content. Since then, TRON has developed goals for its platform, divided into six phases that will be executed over time.
How much will TRX be worth in the future?
Though cryptocurrency is naturally volatile and the future uncertain, pundits feel that TRX could see a steady rise over the remainder of 2025 and well into 2026. Currently around $0.246 per token, experts feel that it could climb to roughly $0.43 by the end of 2026.
