TRON Price（TRX）

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What is Tron?

Tron is a decentralized blockchain platform designed for building and hosting applications, particularly those focused on content sharing and digital entertainment. Its native token, TRX, powers the network, but is not used directly to pay transaction fees. Instead, users spend bandwidth or energy points.

Tron is known for its scalability and high throughput compared to blockchains like Ethereum. It allows developers to monetize their work directly, reducing reliance on intermediaries and enabling faster, low-cost transactions.

Understanding Tron’s Blockchain Mechanism

Although the Tron blockchain and network have been compared to the Ethereum platform, they operate somewhat differently. The Ethereum blockchain uses its native cryptocurrency, Ether, to pay network participants, known as validators, for their services.

Tron, however, uses bandwidth points. Each user has 600 bandwidth points by default, representing 600 bytes of data. Transactions are measured by the number of bytes they occupy in a block. If a transaction exceeds the default allowance, the user must purchase additional bandwidth points. More bandwidth points can be acquired by staking TRX.

Tron uses staking in a consensus protocol called Delegated Proof of Stake. In addition to being paid transaction fees, stakers receive checkpoint submission rewards for submitting a snapshot of the blockchain state. Furthermore, the amount staked gives users more voting power in governance activities, such as electing the 27 super representatives. Super representatives are nodes that propose blocks for the blockchain, meaning there is no “mining” or competitive puzzle-solving for tokens.

These nodes also distribute rewards to super representative partners or candidates who were not elected as one of the 27 super representatives, by setting a ‘broker ratio’ in their wallet. This is the ratio of rewards kept by the super representative to those distributed to partners. Super representatives are not required to distribute rewards, but a favourable broker ratio helps them receive votes during elections.

How to buy TRX?

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