What is TRON (TRX)
TRON is a decentralized virtual machine that has been developed to help us access the decentralized internet. In the same way as Ethereum, TRON enables Dapp developers to build and use complex protocols via smart contracts that reside on their native blockchain. Today, the platform is best known for the speed of transaction and its vibrant CEO.
Specifically, the network is capable of carrying out 2000 transactions per second. This success places TRX at the same stage as big payment providers such as PayPal. Best of all, TRON has zero processing costs. You can transfer a million dollars in TRX to anywhere in the world in seconds, and you don’t have to pay a bill.
To appreciate the monumental challenge that TRON’s creators are attempting to take on it’s important to understand a little more about the open internet. Decentralized internet is different from the internet that you are used to in certain main ways. First of all there are no hosting providers. Instead, the whole internet is powered by personal people.
The idea of a global network seemed unlikely until recently. The computational power of the planet has not yet been up to speed. However the open existence of blockchain networks makes them suitable for such a mission. This is precisely the role that TRON intends to play.
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