Things You Need to Know About Cryptocurrency

What is Tron TRX?

Tron coin is another cryptocurrency which is traded online and is popular among users. TRON has performed very well in the last few months and its market cap has increased multifold. It is launched in the mid-September of the year 2017. Tron’s official cryptocurrency is Tronix (TRX). It was originally designed to give digital content creators full ownership and control over their content. The company is targeting the media and entertainment sector. Tron cryptocurrency is providing users a decentralized content distribution platform. The user is allowed to freely publish, store and own data. The company is targeting competitors such as Google Play, Apple, etc who provide this service on higher charges.

History of Tron Coin

Tron is created by Justice Sun, founder, and CEO of Peiwo which is the largest voice live streaming app in China. The company is looking for partnerships to grow in the revolutionary marketplace. Justice Sun is a 26-year-old from the Haidian district of Beijing. He purchased his first bitcoin in the year 2012. He has also worked with another cryptocurrency Ripple. Tron has introduced the concept of a shared economy into the digital world. It has made the users the content producers on the digital platform.

How Does TRX Tron Work?

Like any other cryptocurrency, Tron can be purchased using other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, one can also purchase by using direct money through crypto exchanges. Tron is providing a shared platform for the whole entertainment market and enables users to share and maintain information between systems. Hence, it is helping users to reduce information input efforts. The token of the Tron platform is TRONIX. It tracks users’ behavior basically from entertainment market and shares data with apps within the TRON network.

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