The native coin of Tron is called Tronix (TRX)
Cryptocurrencies have provided a wide range of options for investors. From Bitcoin to Ethereum, there are many cryptocurrencies to choose from and they have both benefits and drawbacks. Innovation is the new buzzword in the crypto industry and many new platforms are being built or modified to maximize the appeal of these virtual currencies.
Tron is one of the newest coins that promises to reduce the costs incurred for investors when starting to trade it. Developed in 2017 by tech entrepreneur Justin Sun, Tron is a decentralized digital platform based on blockchain and its native coin called Tronix (TRX). Tron aims to democratize the content delivery industry through permissionless protocols.
Tron and smart contracts
Enabling smart contracts, Tron helps developers build and deploy decentralized applications (dApps) that can be designed for practically any purpose – including online games, exchanges Decentralized, productive farm and open lending platform. The fundamental goal of Tron is to give everyone access to content that is not restricted by geography, censorship, or limitations. The network’s users use TRX to pay content creators to access their apps without any corporate middlemen like Amazon or Netflix. Simply put, it means that the holders of Tron will have absolute control over the data they generate, including how it is distributed to the audience. Users can store their crypto assets on their desktops, mobiles, or hardware wallets.
Tron Foundation
Tron, which has more than 50 million accounts as of August of this year, includes several features that help achieve this goal. Backed by the Tron Foundation – a non-profit organization based in Singapore that supports the development of the ecosystem, Tron has now become one of the top 20 cryptocurrencies by market capitalization and a time. also briefly holds a place in the top 10. Tron does not offer transaction fees.
How can it be purchased in India?
You can buy Tron in India from any major exchange – such as WazirX, Zebpay, CoinSwitch Kuber, CoinDCX.
