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TRX · 2w

What Is Tron and How Does It Work?

How Does Tron Work and What Technology Is Behind It?

The network works on a few principles, the first being that all data on the network is free and not controlled by a central authority. Content creators are able to gain digital assets, in this case, the TRX token or other tokens which are underpinned by TRX, as a reward for their content.

As mentioned, it is possible for creators to create their own coins or tokens which can be used within their own Dapps on the network. These created tokens are underpinned by the main Tron token.

The final stages of the network development plan include the support of games on the network. These would be totally decentralised and users would be able to reward the creators directly if they enjoyed the game with their own digital assets.

Is Tron Real Money?

TRX can be used as a store of value, as an investment or to trade for other currencies. As such it could be considered as ‘real money’. However the token’s main use is on the network in the creation of, and interaction with dApps.  

It is also possible to lock away the tokens to gain a reward known as ‘Tron Power’. This provides the holder with voting rights over decisions on the network as well as giving them a higher status. The longer a token holder locks away their tokens for the more TP they receive.

Fees & Expenses

There are no fees for TRX transactions, a remarkable feat, and the network is able to support 2000 of these feeless transactions every second.  

Purchasing TRX on an exchange will, of course, incur some sort of fee as compensation for the exchange connecting you with a seller. Especially as TRX can only be purchased as a trade for other coins such as Bitcoin or Ethereum. As such, you will incur fees on purchasing these coins outright and then another fee for the trade to TRX.

What Are the Benefits of Tron?

Feeless - Transactions on the network are feeless.

Rapid transactions - Transactions ...

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