By challenging the prevailing status quo to decentralize the internet, TRON has come a long way since its ambitious launch three years ago. It possesses a couple of advantages due to its high speed, low fees, and massive scalability.
It is capable of processing transactions speedily than Ethereum as it uses the delegated Proof of Consensus mechanism. The ultimate aim of TRON is to build a strong global digital content entertainment system with distributed storage technology for cost-effective sharing of content.
It is currently the largest decentralized ecosystem in the world with over 100 million users. TRON’s main business areas are cryptocurrency, blockchain technology, Dapps, and peer-to-peer file sharing. It also has an exclusive virtual machine for deploying smart contracts and building new Dapps.
TRX is the digital currency for TRON. TRX allows the developers of Dapps to create TRC10 and TRC20 tokens on the TRON blockchain network.