How does the TRX system work?

Could you please explain how the TRX system operates? I'm particularly interested in understanding its underlying mechanisms and how it fits into the broader cryptocurrency and financial landscape. Is it based on a blockchain? How does it ensure security and scalability? Also, how does the TRX system handle transactions and what are its key features? Could you also elaborate on its potential applications and benefits in the real world? I'm eager to learn more about this fascinating topic.