I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.
Cryptocurrencies are on the rise with TRON being a secure and diverse option to expand your portfolio. But is TRON worth the investment, and how do you get the most bang for your buck?
How to Buy TRX
- Create a Coinbase account - We recommend using Coinbase as it offers $5 in free Bitcoin when you sign-up.
- Add a payment method - Add your payment method and fund your account.
- Research the coin - Search for the coin by name or ticker symbol - TRX.
- Decide the amount of coins - Now it is time to decide how many coins you want to buy of TRON.
- Purchase coins of TRX - Buy the amount of coins you want with at the current price on Coinbase.
Why we like Coinbase:
Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more.
Fees: 1.49% per trade
Account minimum: $0
Promotion: Get $5 in Bitcoin after your 1st trade
Cryptocurrencies are on the rise with TRON being a secure and diverse option to expand your portfolio. But is TRON worth the investment, and how do you get the most bang for your buck?
TRON (also known as TRX coin) is a high-powered, un-centralized cryptocurrency created by Justin Sun. Using a DPoS system, TRON is secure and successful as it continues to rise.
Since its debut 5 years ago, TRON has upheld its status as one of the top 20 cryptocurrencies on the market, with a few moments in the top 10.
Currently valued at USD 0.061642 per coin, it’s an advancing cryptocurrency that has the possibility of increasing its rating over the next few months.
It has a variety of unique options that other cryptocurrencies can’t compare to, such as 2,000 transactions per second.
If you are wondering whether to invest in this cryptocurrency for business or upload distribution, here’s some helpful information to guide your decision.
What is TRON (TRX)?
TRON (TRX) is, at its core, a cryptocurrency. Moreso, it’s a blockchain operating system that’s become a popular option for DApps.
DApps are operating systems that use a network of computers over a single server making them more available than other choices. By being a popular option for DApps, TRON can be used for multiple reasons and doesn’t have a distinct niche—it fits across all platforms and ideas.
TRON is also special as it allows for the rewarding of projects for the creator without taking any ownership. TRON’s creation was based on not only being a cryptocurrency, but also allowing for the exchange of files.
Files being exchanged as purchased goods will also have a secure option for trading files such as NFTs. TRON is often used for both finances and distribution of NFTs, but there is certainly a market for NFTs in particular.
Originally, TRON was an Ethereum-based ERC-20 token before becoming its own coin. After its creation, it ran on a proof-of-stake (PoS) mechanism rather than a proof-of-work (PoW) system, which gave it more security upon release.
TRON became popular for its claims of being able to complete 2,000 transactions per second (TPS) and its goal of becoming a decentralized entertainment and content-sharing application.
To put this into perspective, Bitcoin can only handle up to 6 TPS.
Who Are The Founders of TRON?
TRON was founded in September of 2017 by Justin Sun. An entrepreneur at heart, Sun is the current CEO for both TRON and the company Rainberry, Inc.
He generated the groundwork for TRON while he was in college. Justin Sun has since gone on to hold a rank in Asia’s 30 under 30 list, stating that he is a creative mind with a passion for the future of the crypto business.
His company Rainberry, Inc. is looking to enhance the crypto market over the course of their work with TRON as well as other investments.
He’s a major supporter of BitTorrent sporting high hopes of creating uncentralized ecosystems for cryptocurrencies. Sun’s aim is to make this process more mainstream.
At present, he has partially completed this goal in the implementation of TRON.
TRON (TRX) Price Today
How Many TRON (TRX) Coins Are in Circulation?
As of writing this article, there are currently around 101.7 billion TRX coins in circulation. This approximation doesn’t account for the unlimited cap of TRX coins.
At its highest, each of these coins is valued at about USD 0.30 per coin. The current price of each coin is USD 0.06179. This price changes daily, but in the recent months, it has been on a steady incline back to its highest price, if not higher.
As of Mid-March 2022, the total cash amount of TRX coins is USD 6,534,200,792. With the rising prices of TRX coins, this total could increase over the next few weeks.
TRX coins cannot be mined. Instead, blockchain miners are paid in TRX coins, which makes it easier to distribute the transactions. This makes TRX coins a proof-of-stake (PoS) mechanized cryptocurrency, meaning it's a reward over a minable token.
How is TRON Secured?
TRON is a delegated-proof-of-stake (DPoS). While this falls under PoS, it’s overall more secure and has a lower chance of abuse.
DPos works by having a designated group of delegators that pick through each use. For TRX coins, a total of 27 super representatives are chosen every 6 hours to complete the task of overlooking transactions for TRON in exchange for TRX coins.
This system works by having these super representatives guide the quality and construction of TRON. By using this system, TRON investors can sleep well knowing that their investment is protected.
What Makes TRON Unique?
TRON is unlike other cryptocurrencies. Some of its integral features include;
- 2,000 transactions per second
- A more consistent flow of the coins for all parties
- There are no transaction fees
In the DPoS process, investors and creators alike have the ability to participate in the process. This includes helping to pick one of the 27 super representatives for approving transactions.
The absence of transaction fees for this cryptocurrency means that you keep all of the money being given to you and don’t have to worry about fees when paying.
As TRX coins increase, this will only become more beneficial to you and your investments. Lastly, TRON has rewards for creators and investors.
It allows members who use the system the benefit of rewards while also allowing the creators to still maintain complete ownership of their projects.
TRON Alternatives
Should I Invest in TRON?
TRON is a great investment for any investor that’d love to have a secure, uncentralized, and unique experience. With a multitude of strong pros, such as being a top 20 crypto and an overall increasing price per coin, TRON is a viable option for any investor.
Given the increasing price per coin, it’s highly recommended that anyone wanting to get in on the TRX coin should invest sooner rather than later—the investment is growing as time goes on.
Coinbase
Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more.
I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.
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