Tron is a decentralized blockchain platform that enables the development of decentralized applications (DApps) and smart contracts.
Tron Blockchain was founded by Justin Sun in 2017 to revolutionize the way digital entertainment is created, distributed, and monetized.
It is designed to be highly scalable and efficient, capable of handling a high transaction throughput. The Tron protocol uses a delegated proof-of-stake (DPoS) consensus mechanism.
Tron’s native cryptocurrency is called TRX. It serves as a utility token within the Tron network, used for transactions, staking, and accessing various services and applications. Tron also introduced the TRC-20 token standard, which is compatible with the Ethereum ERC-20 standard, making it easier for developers to migrate their existing Ethereum-based projects to the Tron platform.