$TRX
TRX is the native cryptocurrency for the TRON blockchain, a decentralized platform for entertainment and content sharing, designed to cut out intermediaries like YouTube or Apple, allowing creators to earn directly from consumers. TRX tokens are essential for network functions, used for transaction fees, gaining resources (Bandwidth/Energy) by staking, voting for network validators (Super Representatives), and powering dApps and DeFi activities. TRON supports smart contracts and high transaction speeds (around 2,000 TPS), making it a popular alternative to Ethereum for building decentralized applications (dApps).
Key Functions of TRX
Transaction Fees & Resources: Pay for sending transactions and smart contract interactions, or stake TRX for free Bandwidth/Energy.
Governance: Stake TRX to vote for Super Representatives, influencing network decisions.
Ecosystem Utility: Used as collateral in DeFi, for NFTs, and as a settlement layer for stablecoins like USDT (TRC-20).
TRON Network Features
Decentralized Content: Aims to give creators ownership and fair rewards.
Fast & Cheap: Uses a Delegated Proof-of-Stake (DPoS) consensus for high throughput and low costs.
dApp Platform: A smart contract platform for developers, similar to Ethereum.
How to Get & Store TRX