What is Tron (TRX)?
Lina avatar
Written by Lina
Updated over a week ago

Tron (TRX) is a blockchain-based decentralised platform that focuses on content sharing and entertainment. By eliminating the middleman – centralised platforms like streaming services, app stores etc. – Tron helps creators not to lose on commissions and, as a result, makes content cheaper for its consumers. One of Tron’s biggest acquisitions is the file-sharing protocol BitTorrent. As a blockchain that supports smart contracts, Tron enables the creation of dapps designed for practically any purpose, such as online games, dexes, yield farms etc.

Secured by a delegated proof-of-stake consensus mechanism, Tron has a network of 27 representatives that verify transactions and propose improvements. To transact or interact with smart contracts, users need to acquire resources by locking their TRX.

Check out this article to choose the most convenient way to buy cryptocurrencies, including TRX.

In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
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