What is Tron?

Tron is a decentralized platform built on smart contracts on the Tron blockchain. It allows you to create entertainment content and applications. Users can share such content without mediators. Placing and selling content is rewarded with local currency – Tronix (TRX).

A bit of history

Tron was firstly mentioned in 2017, when Justin Sun (founder of Tron) talked about his intentions to create a decentralized platform where developers can directly offer their applications to users, bypassing mediators. In 2017-2018, Tron conducted the largest ICO, raising $70 million.

How does Tron work?

Tron architecture consists of three layers:

1. Storage layer. Contains information about network blocks and statuses. Also, this level provides using an open-source GRPC-neutral framework.
2. Core layer. The modules of smart contracts, consensus and account management are implemented here.
3. Application layer. This level implements the ability to create decentralized applications in Java, C ++, Scala, Python and Go.

What is the difference between TRX, Tron20 and Tron Power?

TRX is the native cryptocurrency of the Tron network, it’s often called “Tron”, but the original name is “Tronix”. Tron is the name of the blockchain itself, Tron20 is tokens intended for developers, and Tron Power is tokens that give the opportunity to vote on the development of the network.

How to buy TRX?

To buy Tron on Bitcoin Global, go to the “Buy cryptocurrency” section and select TRX from the list of cryptocurrencies. The platform will display all suitable ads for you. After that, you will need to talk to the seller, agree on a payment method and receive your Tron to your account. During the transaction, we protect you by reserving the cryptocurrency in the escrow account, so you can be sure that the transaction is safe. Read our buying guide for details.