TRON
trx$0.3387-1.28%Rank #8
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Overview
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About TRON
TRON (TRX) is ranked #8 by market capitalisation, at $32.2B. Circulating supply: 94.96B TRX. The price is 21.5% below its all-time high of $0.4313, set on December 3, 2024. Categories: Smart Contract Platform, Layer 1 (L1), Alleged SEC Securities, Tron Ecosystem.
TRON is a decentralized blockchain-based operating system designed to accelerate the decentralization of the internet and its underlying infrastructure. It serves as a global settlement layer for stablecoins and everyday digital purchases, providing a high-throughput environment to support large-scale decentralized applications.
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The network is governed by a decentralized autonomous organization (DAO), which allows the community to manage the protocol without a central authority. Its primary value proposition includes a unique resource model that utilizes bandwidth and energy to allow for high transaction volumes without traditional fee spikes.
The platform functions as a smart contract platform that enables the creation of decentralized applications and is compatible with the Ethereum Virtual Machine, allowing developers to easily migrate applications. TRON operates using a Delegated Proof of Stake consensus mechanism where token holders vote for 27 Super Representatives to verify transactions and maintain the ledger.
Project description: CoinGecko (in English).