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What is Tron?

What is Tron?



What is Tron (TRX)?

Tron (TRX) is an operating system built with distributed ledger technology that also utilizes smart contracts and markets itself as a “decentralized internet.” While many like to compare Tron to Ethereum, due to the smart contract capabilities and proof-of-stake consensus, it is more laser-focused on creating a content ecosystem that rewards users for sharing content and making data free and independent. 

Tron was first built on the Ethereum blockchain but has seen created its own blockchain including three layers (storage layer, application layer, and core layer). As a result, the blockchains native token, TRX also moved off Ethereum. TRX is considered a  token rather than a coin since its only purpose is as a store of value and not as a method of exchange. 

Tron was created by Justin Sun, a well-known name in the cryptocurrency industry. Sun got his start working for Ripple before going independent in 2017 to form the Tron Foundation. Sun’s experience and reputation initially attracted many important investors around the world leading the initial coin offering (ICO) to raise tens of millions of dollars in 2017.

What is the Tron price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate Tron price and charts. 

Where to buy Tron?

The easiest way to buy Tron is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.

How to earn interest on Tron?

The best way to earn interest on Tron is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to take a loan with Tron?

You can get a loan with Tron in stablecoins by depositing your Tron as collateral. YouHodler offers the best rates you can get anywhere. Don’t sell your crypto. Use it as collateral and keep its value for later. 

How to trade Tron?

Leverage market volatility to stack your crypto portfolio and trade Tron with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today. 

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