Introduction to TRX
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. POW, which is employed in ETH and BTC to confirm transactions, always has its downside like high electric power consumption and low TPS caused by low efficient consensus mechanisms.
Therefore, TRON's consensus mechanism is based on Delegated Proof of Stake (DPoS) and many innovations were made in order to meet its unique requirements. Learn More
TRX Technical Vision
TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem, with abundant application scenarios that power transactions and applications on the chain.
A TRX wallet can help manage your TRX assets, including balance inquiry, transfer, etc. The most important thing in the wallet is the private key. Because you can control all the assets in the TRX wallet address with your private key.
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🔸Please learn how to make a backup before creating a wallet
There is a wide variety of ways to obtain TRX. Buying TRX through an exchange is the easiest and the most common way. Before doing so, make sure the exchange operates legally in the region you live in and accepts the methods of payment you wish to adopt.
Before any purchase make sure to learn about the different options and understand risks involved in buying TRX.
🔸Exchanges that support the purchase of TRX
BP and Energy
🔸Bandwidth Points (BP)
To keep the network operating smoothly, TRON network transactions use BP as fuel. Each account gets 5000 free daily BP and more can be obtained by freezing TRX for BP. When a TRX transaction is broadcast, it is transmitted and stored in the form of a byte array over the network.
Bandwidth Points consumed by one transaction = number of transaction bytes multiplied by bandwidth points rate. For example, if the byte array length of a transaction is 100, then the transaction consumes 100 bandwidth points.
Each command of smart contract consumes system resources while running, TRON network uses 'Energy' as the unit of the consumption of the resource.
Please make sure that your TRX wallet has sufficient assets, in addition to bandwidth points and energy which are special resources used to process transaction on the TRON network
- All transactions consume bandwidth points, such as smart contract invocation and execution transactions
- Some transactions consume energy, such as smart contract invocation (TRC-20 transfer and DApp usage)
- Each activated account gets 1500 free daily bandwidth points which can be used for several transfers of TRX and TRX-10 tokens per day
- The consumed bandwidth and energy resources will gradually recover within 24 hours.
🔸How Do TRX Transactions Work
🔸You May Encounter the Following Conditions:
Functions of TRON
Virtual Machine, Supernode Election, Smart Contract, DApp Development, Wallet, Blockchain Explorer, DEX.
Core Projects of TRON Ecosystem
BitTorrent, DLive, Steemit, BTFS, BitTorrent Speed, uTorrent, TronTV
The Birth of TRX
TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. TRON also provides better compatibility for Ethereum smart contracts through pluggable smart contract platforms.
The July 2018 acquisition of BitTorrent, an internet company based in San Francisco, further cemented TRON’s leadership in pursuing a decentralized ecosystem. The distributed technology created by BitTorrent Inc. can effectively expand and enable creators and consumers to control their content and data. More than 170 million people use products developed by BitTorrent Inc. per month and its agreement can transmit 40% of the world's internet traffic every day.
Features of TRX
High throughput: High throughput is achieved by improving the Transactions Per Second (TPS), which has surpassed that of Bitcoin and Ethereum.
High Scalability: Scalable and highly efficient smart contracts help developers to create a diverse range of DApps on Tron and allow the blockchain to support a large number of users.
High reliability: With a higher degree of decentralization, the network structure, user assets, and intrinsic value will become more reliable and the reward distribution mechanism will be more reasonable.
Basic Information about TRX
Launch Time: 2017-07-01
Maximal Supply: 99,214,066,142 TRX
Total Supply: 99,214,066,142 TRX
The Number of Exchanges That Accept TRX: 181
Consensus Mechanism: Delegated Proof of Stake (DPoS)
Whitepaper: Tron Advanced Decentralized Blockchain Platform
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TRX Block Explorer
TRX Block Explorer is a web tool that provides detailed information about Bitcoin blocks, addresses, and transactions.
- Twitter： @justinsuntron @Tronfoundation
- Medium: https://medium.com/tron-foundation