TRX
TRON (TRX) represents a decentralized operating system built on blockchain technology. It was created by the Tron Foundation and introduced to the market in 2017. Initially, TRX tokens were established as ERC-20-based tokens on the Ethereum platform. However, after a year, they were migrated to their own independent network.
The initial objective of the project was to grant full ownership rights to creators of digital content. Its primary aim is to support content creators, who often receive only a small portion of the revenue, and motivate them with increased rewards for their work. The approach involves inviting content consumers to directly reward content creators, eliminating the need for intermediaries like YouTube, Facebook, or Apple.
TRON software provides support for smart contracts, various types of blockchain systems, and decentralized applications known as dApps. This cryptocurrency platform utilizes a transaction model similar to Bitcoin (BTC), called UTXO. Transactions occur within a public ledger, allowing users to trace the history of operations.
Consequently, the platform was developed to establish a decentralized Internet and serves as a tool for developers to create dApps as an alternative to Ethereum. Anyone can create dApps on the TRON network, share content, and receive digital assets as compensation for their contributions. The ability to freely create and share content without concerns about transaction fees is an undeniable advantage offered by TRON.