TRON was founded in 2017 and the world saw a new cryptocurrency under the symbol TRX. Tron was founded by the Singapore-based non-profit The Tron Foundation and is led by its young and passionate CEO Justin Sun. The TRX token is the base token of the platform, but there are other native tokens: TRON Power and TRON20. The cryptocurrency was originally based on Ethereum, but Tron migrated to its own blockchain in June 2018. Tron is an open source decentralized environment where anyone can store, publish and distribute entertainment content. In a short time, it was able to gain a foothold in the world foreign exchange market. On the public blockchain, the TRON protocol offers high data rates, high scalability, and high availability for all decentralized applications (DApps) in the TRON ecosystem. The main goal of this chain is to create an entertainment system around the world. Half a year after entering the cryptocurrency market, TRON entered the TOP-10 with the best results, having accumulated $4 billion in investments. TRX now has a capitalization of $1.7 billion and 66.7 billion coins in circulation, and the TRON cryptocurrency emission is limited, at the moment there are 100 billion coins issued. The high capitalization rate of this coin makes it one of the leaders in the cryptocurrency market. Traders can buy TRON on such exchanges as: Binance, Bitstamp, EXMO, WEX and others, as well as trade CFDs.
How TRON System Works
TRX technology allows you to buy shares even market giants such as Google, Apple, game developers, apps and movies can publish their products for free to access the relevant platforms. TRON works through the Internet, which provides us with information, education and entertainment. It is intended to include so-called “Smart Contracts” to access multimedia content. The data will be collected and stored in many physical data stores. The decentralized application will be easily integrated with the relevant developer portfolio. It is also possible to track the history of transactions in the public registry and transfer funds between different addresses.
«Our team has a high level of excellence as we strive to become the mainstream blockchain. Moving the TRON protocol to its own network will allow developers to break away from Ethereum and open up new opportunities for better scaling, commercialization and express lines necessary for developing global dApp applications», said Justin Sun, founder of Tron.
TRON operates on similar concepts of decentralization and distributed technology, but unlike other cryptocurrencies, it targets the giant global content and entertainment sector. Its main goal is to create an accessible, anonymous and secure decentralized internet. Content sharing will be done thanks to blockchain technology and Peer-to-Peer technology. It is worth noting that, unlike many other cryptocurrencies, TRX coins cannot be mined. TRON has a set of key functions and features that distinguish the system:
- It’s one of the biggest blockchains in the world;
- Using consensus mechanisms for identification;
- Implementation of P2P payments;
- Over 1 million people hold TRX;
- Checking the content you publish for authenticity;
- Own dApps with subsequent monetization.
Main Benefits of TRON CFDs
TRON is currently one of the most popular e-currencies in the world due to its great investment opportunities. At first glance, this is something between Steam and Google Play, but based on blockchain technology. Traders are better off looking at this coin in the long run. Anyone can join CFD trading with this promising digital currency. You can trade with one of the best CFD brokers and also trade other cryptocurrencies like Ethereum, Bitcoin, Ripple…
It is advisable to start trading on the hourly chart, in accordance with the trend movement of the market, while it is advisable to use support and resistance lines and various technical indicators that help establish the direction of the trend. You can trade breakout strategies, they are quite effective. For all beginners, it is recommended to start trading cryptocurrency on a demo account, since this asset is quite specific and has many different features.