What is Tron?

TRON (TRX) is a decentralized blockchain platform that was created by Justin Sun in 2017. The goal of TRON is to create a decentralized content distribution platform, where users can share and consume content without intermediaries.

One of the key features of TRON is its use of smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. These smart contracts allow developers to create decentralized applications (dApps) that can run on the TRON network.

TRON also has its own cryptocurrency, called TRX, which is used to power the platform and to incentivize users to participate in the network. TRX can be used to pay for transaction fees, to access dApps and services on the TRON network, and to reward content creators for sharing their content.

Another notable feature of TRON is its focus on entertainment and gaming applications. The platform has partnerships with a number of gaming and entertainment companies, and it aims to become a leading platform for the development and distribution of decentralized gaming and entertainment applications.

While TRON has faced some controversy and criticism over the years, particularly around issues of plagiarism and allegations of false marketing claims, it remains a popular and active blockchain platform with a growing community of developers and users.

The article does not constitute financial advice.

Start with crypto today

Sign up on NBX, a trusted Norwegian cryptocurrency exchange and custodian, and kickstart your crypto journey safely.
Crypto 101
Explore the most popular crypto terms and find answers to your questions.

What are cryptocurrencies?

Read

What is a time horizon?

Read

How is bitcoin price determined?

Read

What is a smart contract?

Read

How many people own 1 bitcoin?

Read

What are stablecoins?

Read

What is Solana?

Read

What is Dollar Cost Averaging?

Read

What does the "fiat money" term mean?

Read
Blog

Insights, Trends, Analysis

Unraveling the cryptocurrency industry revolution.
#crypto101

The Remarkable History of Dogecoin: From Meme to Global Crypto Sensation

The history of Dogecoin is a testament to the power of community, humor, and collective enthusiasm within the cryptocurrency space. What started as a playful meme coin has evolved into a global sensation, embraced by a vibrant community that continues to push the boundaries of what a cryptocurrency can achieve.
4 min
2023-06-01
#crypto101

Everything You Need To Know About NFTs: A Comprehensive Guide

In recent years, the world of digital assets has undergone a revolutionary change with the emergence of Non-Fungible Tokens (NFTs). These unique tokens have captured the attention of artists, collectors, and investors alike.
10 min
2023-05-31
#crypto101

A Decade of Cryptocurrency Exchanges: From Hacks to Innovation

Over the past 10 years, the cryptocurrency market has witnessed remarkable growth, accompanied by notable incidents, evolving trends, and continuous efforts to improve security and user experience. Though, many have taken steps to enhance user fund protection and comply with regulatory requirements.
7 min
2023-05-26
Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.