Tron Blockchain

Written By H T (Super Administrator)

Updated at May 13th, 2020

Tron Blockchain

Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content. 

Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).

What Is Tronix (TRX)?

The Tron network uses its cryptocurrency called Tronix (TRX).

One can purchase Tronix on exchanges like Liqui and Binance by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not possible at present. It can be stored on wallets that support the Ethereum blockchain like MyEtherWallet.

Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or can be used to pay for blockchain services.

In February 2018, TRX was ranked 15th on the list of largest cryptocurrencies by market capitalization. (See also, Tron Surges: Ethereum Tops $1,000 As Bitcoin Price Falls.)

What is Trongrid? 

TronGrid provides TRON clients running in the cloud, so you don't have to run one yourself to work with TRON on your next project. 

Tron API 

The new TronGrid APIs provide user-friendly read APIs with significantly reduced latency, improved consistency, improved availability, and added partition tolerance. TronGridJS is a Javascript library for utilizing TronGrid APIs to retrieve blockchain data from the TRON network. It can be used independently or as a plug-in into TronWeb. More details can be found here:

The new APIs are working on both Mainnet and Shasta. The latest version of these APIs is v1 while we are on v3 of the TronGrid infrastructure. More APIs are to come in the near future. Previous TronGrid APIs and TronWeb functions remain available and the same.

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