What is TRON (TRX)

TRON is an online platform built for the widespread distribution of media and entertainment, and the platform’s native cryptocurrency is known as TRONix (TRX). This decentralized approach takes advantage of blockchain's features to provide producers with low-cost distribution. TRON's blockchain platform is intended to promote the creation of decentralized apps (dApps), and it usually requires fewer computing resources for application development than other dApp-focused blockchains. TRON's blockchain network has already achieved great success, attracting similarities to Ethereum and earning a market valuation of $2.1 billion USD (as of January 2021). The TRON Foundation, a non-profit organization run by CEO Justin Sun and situated in both Singapore and California, released the platform in September 2017.

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