Tron (TRX)

What is TRX?

• Tron is an open-source blockchain network that supports smart contracts, dApps, and a token ecosystem called TRC-20.
• The network’s native token is called Tronix (TRX).
• TRX is the basic unit of account on the Tron blockchain just as ETH is on Ethereum.

Use cases of TRX

• Payments. TRX has integrated with both credit cards and ATMs to enable spending.
• Token issuance. Tokens built on the Tron blockchain (TRC-20 tokens) can be purchased with TRX.
• Voting. Holders of TRX can freeze it within the Tron ecosystem in exchange for governance and voting rights.

Why TRX is getting attention

• ETH alternative. TRX is an alternative to Ethereum thanks to low and no-fee outbound transactions.
• Stablecoin. USDD, a newly-launched algorithmic stablecoin issued by the TRON DAO, traded under its dollar peg in June but has since held steadily at ~$1.00.
• Adoption. TRON has gained incredible traction in recent years, with over 110 million users on the blockchain and upwards of 3.8 billion transactions.