TRX

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27 May 2022
9

Tron is a blockchain founded in 2017 by Justin Sun with a Delegated Proof of Stake consensus mechanism. The Tron Foundation, based in San Francisco and Singapore, takes care of the network's development. The blockchains' primary use case is to reward content creators for their work without a middleman taking a cut. 

You can use the network's native token, Tronix (TRX), to reward a specific creator whose content you have viewed. The Tron Protocol has three separate layers that power its operations: a storage layer, an application layer, and a core layer. In Tron's Delegated Proof of Stake consensus mechanism, 27 Super Representatives are selected every 6 hours to propose blocks and validate transactions.

TRX was minted on Ethereum but moved to the Tron Protocol in 2018 when the mainnet launched. It has an unlimited supply, and you can earn rewards by participating in the Tron network's voting system. You can also use Tron to create DApps and smart contracts and access an ecosystem of Decentralized Finance projects.

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