Tron is a decentralized blockchain network that was launched in 2017. The Tron network was developed by the Tron Foundation, and founded by Justin Sun. The platform was created with the vision of helping content creators earn more rewards for their work. The rewards to the creators are given in the blockchain’s native asset “TRX”. The protocol supports dApps, select blockchains, and smart contracts. The Tron ecosystem is based on three layers, namely: the storage layer, the application layer, and the core layer. which collectively ensure the efficient running of the network. The Tron network employs the delegated Proof-of-Stake (dPoS) consensus mechanism, which makes it relatively more energy efficient.
The Tron network manifests its strengths through characteristics such as high throughput (which is 2000 TPS without fees), high scalability, and high availability. The platform is home to a host of applications, which include TRON wallet, TRONSCAN, Tron dApps, Tron SR, TRC20-USDT, SunSwap, and Tron crypto ETFs, amongst others. Tron holds a number of globally renowned partners, such as Samsung, Opera, BitTorrent, APENFT Marketplace, Poloniex, and Swisscom Blockchain. The company has an advantage over other prominent blockchain networks due to its dominance in decentralized applications and strong presence among content creators.