The Tron blockchain is an open source protocol uniquely designed to create efficient, secure, cost-effective and high quality digital services and applications in an ever-evolving technological landscape.
On the Tron network, users can freely own, access, store and transfer digital assets while avoiding third party interference. Moreover, advanced coin technologies such as smart contracts allow developers to build robust, secure and automated applications fast and cost-effectively.
This provides opportunities for innovators in both public sector or private enterprise to build next generation digital services in a DeFi system that requires no human intervention at all.
Tron consists of a decentralized storage system, built using distributed liquidity technology, which enables users to access content freely.
The official cryptocurrency of Tron, called TRX (Troinix), can be bought or sold on major crypto exchanges such as Binance and KRaken.
One of Tron's biggest advantages is its lightning-fast transaction processing speed. While Bitcoin processes 6 transactions per second and Ethereum 25 transactions per second, Tron has the capacity to process 2000 transactions per second (2K TPS).
This makes it a viable option for developers to create dApps with scalability and efficiency in mind. Additionally, the platform offers several convenience benefits such as fast fees and high level of security.
The Tron Blockchain consists of three distinct layers.
The Application Layer serves as the foundation for developing applications and crypto-wallets.
The Core Layer contains smart contracts and software coded using the protocols APIs & consensus algorithms. At the heart of it lies Tron’s own Delegated Proof of Stack (DPoS) consensus which works to validate blocks being added to the blockchain in exchange for rewards in TRX tokens.
Finally, at the bottom sits the Storage Layer which consists of distributed storage components such as blocks storage, state storage, andGRPC.
The blockchain architecture provided by Tron promotes scalability when compared to traditional blockchains by providing enhanced transaction speed with decreased transaction cost.
This is mainly due to its backbone layer which uses an up-to-date infrastructure supported by high end computing power and artificial intelligence algorithms.
Additionally, its self governance structure consisting of community based election gives rise to more trustworthiness since it follows a democratic process in accepting validated blocks on the chain. As a result, this gives it an edge over other existing networks as far as decentralization is concerned.
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