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 is Litecoin?

Read

Is Bitcoin legal?

Read

What is a DApp?

Read

What is Chainlink?

Read

What is a smart contract?

Read

What is Ethereum?

Read

What is Tether?

Read

How much bitcoin is left to mine?

Read

What is a derivative?

Read
Blog

Insights, Trends, Analysis

Unraveling the cryptocurrency industry revolution.
#crypto101

Norwegian Block Exchange Catalyst F13 votes

Norwegian Block Exchange Catalyst F13 votes are summaried in this blog entry.
2 Minutes
2024-12-10
#crypto101

Adoption of USDM in the Cardano community and NBX trade of USDM in Q4 2024

This article explores the growing adoption of USDM within the Cardano ecosystem and provides an update on NBX's plans to launch ADA/USDM trading now soon in Q4 2024.
2 minutes
2024-10-28
#crypto101

Women in the Cardano ecosystem

NBX takes a look at some of the women that makes the Cardano ecosystem.
2 minutes
2024-10-15
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.