Tron

About
Know More

What is Tron ?

Tron is a decentralised blockchain platform that promises to create a free, worldwide digital content entertainment system using distributed storage technology. It also enables easy and cost-effective digital content distribution.

About TRON coin

Tron was created in September 2017 by the Tron Foundation, a Singapore-based non-profit organisation. Justin Sun is the CEO. It also has an in-house development team of famous technological luminaries.

Tronix (TRX) is the platform’s native cryptocurrency. It is the currency paid to content creators for their content. Tron cryptocurrency was launched in 2018.

Primary features of Tron

• Tron seeks to eliminate the intermediary between content providers and content consumers.
• Customers benefit from lowered costs, and the content creator benefits from higher revenue collection via direct receipts. 
• Tron transactions are recorded in the blockchain ledger.
• It supports a variety of other blockchain networks such as Ethereum, Bitcoin, and EOS. 
• Developers can generate their own currencies or tokens to use within their own decentralised applications (Dapps) on the network. The primary Tron coin serves as the foundation for these newly generated tokens.

Is Tron a promising cryptocurrency?

At present, the TRON coin is widely considered to be a good and popular cryptocurrency. Today, TRON’s current capitalisation is estimated to be $1.47 billion. 

Tron cryptocurrency future looks bright because the entertainment sector is developing at a breakneck speed. It will increase the cryptocurrency’s utility. As a result, if everything goes well in the future, investors will be drawn to it.

How to use Tron ?

Creation of dApps: Tron coin can be used for the creation and interaction with dApps.  

Access to content: Content consumers can pay Tron cryptocurrency to view the content that they want. 

Trade: Users can also trade Tron coin for other cryptocurrencies.

Pros & Cons of Tron

Pros

• TRON is mainly targeting the future development exclusively in the entertainment content business, which is extraordinarily promising.
• Applications are extensive. It includes hosting services, online live streaming, high-speed gaming, high transaction possibilities, among others. 
• It aims to enable artists and content producers to claim ownership of their work.  
• Smart contracts of Tron may be written in any high-level language. This means that developers can build on top of the open software concept in the future using whichever programming language they want.
• TRON developers are well experienced, and most of them worked in famous crypto companies before joining TRON. 
• It has a very high transaction rate, i.e., 2000 TPS.

Cons

• People criticise the platform because of its plans for the centralisation process.
• Only 15% of the TRON coins are only available for individual purposes. The majority of TRON developers and limited investors own the rest.
• Alibaba and TRON were rumoured to be partnering in late 2017. It boosted market value among the users and developers, but the company made no official announcement about the partnership. It leads to many disputes around TRON.

Trade Tron on CoinSwitch

• You can start investing and trading in Tron with just Rs.100.
• Start trading without paying any fees. 
• Money can be directly withdrawn and credited to your bank accounts. 
• Investor and trader friendly platform 
• Easily track your transactions and manage your portfolio

Tron ICO summary

Just before China outlawed ICOs, the TRON Foundation raised $70 million in 2017 through an ICO.

BTC to INRETH to INRDOGE to INRLTC to INRMATIC to INRDASH to INRXRP to INRSHIB to INRMANA to INRUSDT to INRBCH to INRADA to INR

FAQ's on Tron

• How to invest in TRON?

You can invest in TRON through CoinSwitch Kuber. 

• Is TRON listed on exchanges?

Yes. It is listed on exchanges. 

• Is TRON Coin Safe?

TRON coin has seen both ups and downs, just like any other cryptocurrency coin. But their current excellent team and founder, Justin Sun, is promising a better future.

News Feed

Is CoinSwitch safe for crypto investments?

CoinSwitch, India’s largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to “Make Money Equal for All,” the company prioritizes quality in its product and the safety of all stakeholders.

The future of cryptocurrencies

Cryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.

Introducing blockchain technology

A simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That’s what we are here to change—one article at a time.

How to invest in cryptocurrency in India

CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.