Things You Should Know About Tron

Things You Should Know About Tron

As you already know that technology is developing very rapidly and with this rapid increase, many new cryptocurrencies like Tron are coming into the market. Tron is one of the latest cryptocurrencies, which is getting very positive reviews from the cryptocurrency community. So if you have any questions related to Tron, then this article has everything you need.

 

What is Tron?

its a decentralized protocol that runs on blockchain. Its main motive is to create a global free content entertainment system with blockchain and other technologies such as distributed storage. The its protocol gives the power to a user to store and publish their data freely without the interference of any other factors. The best thing about Tron is that anyone can use their data in a decentralized autonomous form. This gives the power to content creators to decide the distribution, subscription, and push of contents.

 

The major goal of Tron is to allow users to spread the data without any limitations and restrictions. The main currency used in its Tronix. It is the basic unit of accounts in Tron’s blockchain and it derives the value of other tokens. Unlike bitcoin, no mining is needed in tron as it is pre-mined and if you want to use it, then you can buy finance.

 

Origin of Tron

Tron was founded by Justin Sun in September 2017. It has established a Singapore based Tron foundation, which is a non-profit organization. The Tron foundation mainly operates the Tron Network and it works on three principles fairness, openness, and transparency. The its foundation is set up with the approval of accounting and corporate regulatory authority. It has acquired all the legal rights and functions completely under the company law of Singapore.

 

Reasons Of Growing Popularity Of Tron

In the past few years, many cryptocurrencies have been invented but despite being a new cryptocurrency, its has successfully attracted thousands of people. The biggest reason behind this is the numerous advantages it provides. So let’s have a look at the best features of Tron:

 

  • Offers Cheap Transaction- One of the biggest benefits of its that it allows the users to carry out transactions at a very minimal cost. Most networks charge some money from their users but with its , you just have to pay 0.000005 cents per transaction.

 

  • No Limits- The its system also gives its users the power to make transactions without any limitations. Another great thing about its that it can handle up to 1000 transaction per second, which is very high as compared to other cryptocurrencies like Ethereum

 

  • Support- its  also has good support because its founder Justin Sun is one of Jack Ma’s proteges. Along with this, its popularity is also very high and currently, it has more than one million users’ addresses

 

Is Tron Anonymous?

No its not anonymous as it runs on blockchain. All of your transactions can be traced. But there are some ways that you can use like proxy VPNs to maintain some privacy.

 

Written By : YOUSSEF J A ALMEER

Image rights @ ccn.com
Tron

About Yousef J A Almeer

Yousef J A Almeer is a daily technical analyst and speculator since 2014 in international markets and has used the School of Classic Technical Analysis (Classical Technical Models) while combining this with price action strategies. As is well known in the financial management of investment portfolios and the correct way to use the sizes of contracts and deals appropriate to the capital used as I use a special strategy and a recommendation in several applications. You can view the real trades through the FREE FOREX SIGNALS app in the various mobile application stores.