What is TRX

I. Project Introduction

1. What Is Tron?
Tron (TRX) is a blockchain-based decentralized operating system launched by the TRON Foundation in 2017. It aims to build a platform without intermediaries and empower content creators to earn rewards directly from users, enabling the free flow of data and value. Initially launched as an ERC-20 token on Ethereum, TRX migrated to its own independent blockchain in 2018. Known for high throughput, low latency, and strong scalability, Tron challenges traditional content distribution models and aspires to build a truly decentralized internet.

2. How Does Tron Work?
TRON adopts a 3-layer architecture comprised of storage layer, core layer, and application layer, supporting dApps, smart contracts, and diverse blockchain ecosystems. Built upon a modified DPoS consensus mechanism, the network is maintained by representative nodes elected by global users, ensuring high throughput and low latency, ideal for use cases such as everyday payments. TRON adopts a UTXO-like transaction model for publicly available and transparent transaction records, with strong scalability and reliability. Developers can build smart contracts using Java and other languages, swiftly turning ideas into applications. TRON is designed to foster a highly efficient, truly decentralized internet ecosystem that incentivizes users to create and share content through digital asset rewards.

3. Who Founded Tron?
Tron was founded by Justin Sun, an entrepreneur born in Qinghai, China, who now holds Grenadian citizenship. He launched the Tron project in 2017 to build a decentralized content-sharing platform using blockchain technology. Justin Sun holds a degree in history from Peking University and a master's degree in East Asian studies from the University of Pennsylvania. He previously worked at Ripple and founded Raybo in 2014, becoming one of China's early blockchain pioneers. Additionally, Justin Sun also served as Grenada's Ambassador to the World Trade Organization and became a Member of the Global Advisory Board of HTX in 2022, making him a prominent figure in the crypto industry.

4. Tron Tokenomics
Native Token: TRX is the native token of the TRON ecosystem, primarily used for transaction payments, staking, and governance.
Stablecoins: The TRON ecosystem supports a wide range of stablecoins, including USDT. It processes over $40 billion in stablecoin transactions daily and holds more than $58 billion in stablecoin assets.

5. Timeline of Key Milestones
August 2017: Justin Sun founded TRON and introduced the Web 4.0 vision, aiming to build a decentralized content and entertainment ecosystem.
June 2018: TRON's mainnet went live, marking “Independence Day” as it completed its migration from an ERC-20 token to its own independent blockchain.
July 2018: TRON acquired BitTorrent to enhance capabilities in distributed storage and content sharing, expanding the ecosystem's scope.
April 2020: TRON launched JUST, a decentralized stablecoin lending platform, entering the DeFi space.
December 2021: The TRON network achieved full decentralization and transitioned into a community-governed DAO.
April 2022: The TRON DAO Reserve was established to enhance the stability of the USDD stablecoin and strengthen the financial security of the ecosystem.
2023: TRON made strides in RWA tokenization, AI, Web3 identity verification, and regulatory compliance, further expanding its diversified ecosystem.
June 2024: Blockchain analytics platform CryptoQuant integrated TRON data to enhance on-chain data transparency and analytical capabilities.​

II. Token Information

III. Related Links