What is Tron (TRX)?
is a project dedicated to the establishment of a fully decentralized internet and its infrastructure. The protocol of Tron is one of the largest blockchain systems in the world. Which offers a public infrastructure, supports high throughput and flexible scalability.
In May 2018, the mainnet went online. According to official statistics, over its seven months online it has seen explosive growth in its ecosystem, with more than one million addresses being used, and more than 4,000 daily DApp users.
July 2018, Tron acquired BitTorrent. BitTorrent is a communication protocol for peer-to-peer file sharing, used to send/receive electronic files over the internet.
How can I use Tron?
Tron can be used just like any other currency. You can pay for goods and services (online) and use Tron (TRX) for trading. Or invest (hodl) and hold for a long period, in this case, make sure you save your Tron (TRX) safe, preferably on an offline wallet.
Who founded Tron?
July 2017, Tron was established in Singapore by the Tron Foundation, headed by its CEO Justin Sun.
Justin Sun is a tech entrepreneur and holds an Master of Arts in East Asia Studies from the University of Pennsylvania and a B.A. in History from Peking University. He is also the former chief representative of China for Ripple & founder / CEO of the mobile social app Peiwo.
At the age of 26, Justin was chosen by Jack Ma (founder of Alibaba) to study at the Hupan University, he was the only millennial among the first graduates. June 2019, Justin won the record-breaking € 4m bid to have lunch with Warren Buffett, CEO of Berkshire Hathaway.
Tron versus other cryptocurrencies
Compared with Ethereum and EOS, TRON has better capabilities than EOS, but lags behind EOS in terms of block time and TPS. Its token economy has a more flexible design, and in the early states it has been more developer-friendly. Still, it can't avoid the capacity bottlenecks that the asset pricing model brings about.
Can I earn money with Tron?
Yes, you can earn money by trading Tron (TRX)
. Buy low, sell high. Tron can be used to trade against other cryptocurrencies. In past years, Tron's value has increased enormously, but also had some huge losses. Early 2018, the TRX rate peaked at almost € 0,27. Be aware that Tron has proven to be volatile, so losses can follow profits. Always trade responsibly. Trade, buy and sell Tron TRX at Coinmerce
Is it possible to stake Tron (TRX) and how to do it?
It is possible to stake TRX
because Tron's blockchain uses Proof of Stake. So Tron's network consists of validators. You can set up a validator node yourself and connect it within the Tron network. However, this is quite difficult if you have no technical knowledge about this.
Therefore, you can also choose to stake TRX on Coinmerce's platform. You will then not only contribute to the operation of security of Tron, but can also earn a return. At Coinmerce, you will earn 3% per year in return on staking Tron.
Staking Tron at Coinmerce is done directly from your wallet when you already have TRX tokens in it. It is also possible to buy TRX on the coin page, after which you can stake the tokens directly. You can only stake TRX from an amount of 10 euros. The proceeds you earn from staking Tron are immediately visible in your Coinmerce wallet. You can then also stake these new tokens again, to earn an ever-increasing return.