What is cryptocurrency? A beginner's guide to crypto
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Tron Price (TRX)
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Tron Price Live Data
The live TRX price is currently {{current_price}}, {{up_down_24h}} {{price_change_percentage_24h_in_currency}} in the last 24-hours. Tron's 24-hour trading volume is {{total_volume}}. Tron is currently {{market_cap_rank}} by market capitalization, which is calculated by multiplying the current price ({{current_price}}) with the circulating supply ({{circulating_supply}}). The market capitalization for Tron is {{market_cap}}. TRX has a circulating supply of {{circulating_supply}} and a max supply of {{max_supply}}. To buy TRX at the current rate, visit moonpay/buy/trx.
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About Tron (TRX)
Tron is a blockchain-based social media platform that allows users to create and share content globally. Tron (TRX) serves as the native cryptocurrency within the Tron blockchain.
One of the key benefits of the Tron protocol is its empowerment of artists and content creators, giving them ownership and control over their creations. Tron seeks to restore the internet to its decentralized roots and provide tools for democratic content creation. The Tron community envisions a future where users have control over their data and can choose whether to disclose or monetize it.
From a developer's standpoint, the Tron blockchain network stands out due to its flexibility in supporting multiple high-level programming languages for smart contracts. This allows developers to use their preferred programming language when building on top of Tron's open software design.
The Tron protocol operates as a decentralized blockchain platform capable of processing 2,000 transactions per second. It utilizes a Delegated Proof of Stake consensus mechanism in which users elect "super representatives" to validate transactions and earn transaction fee rewards for their services. The platform enables the creation of decentralized applications (dApps) and smart contracts with lower transaction costs and faster processing times compared to traditional blockchain networks.
The TRX token, initially an ERC-20 token on the Ethereum blockchain, is now the native token of the Tron ecosystem. It is used for paying transaction fees, staking for rewards, and governance voting. Tron aims to eliminate the need for intermediaries in digital asset exchanges and swaps, making TRX a valuable unit of value for content creators.
Tron price history
2017
In 2017, Tron had an Initial Coin Offering token sale that took place from August 31 to September 2. The TRX price was listed at $0.0018 per TRX. During that year, Tron (TRX) experienced fluctuations in the market as it gained traction and attracted attention from the cryptocurrency community.
2018
Tron (TRX) reached its all-time high price of $0.30 on January 4, 2018. However, like many cryptocurrencies, TRX experienced a substantial decline in value during the bear market that followed. By December 2018, the price of Tron had dropped to $0.020.
2019
In 2019, Tron (TRX) demonstrated a relatively stable price trajectory compared to the previous year. The price of TRX stood at around $0.019 in January 2019. By December 2019, the price of TRX had declined slightly further to approximately $0.013.
2020
In March 2020, the cryptocurrency market faced a significant downturn in March due to the global economic uncertainty caused by the COVID-19 pandemic.
During this period, Tron reached its all-time low on March 30, 2020, plummeting to $0.010. By December 2020, the price of TRX had risen back up to approximately $0.027.
2021
In 2021, Tron (TRX) experienced a year of significant price fluctuations, influenced by the overall market conditions and the performance of major cryptocurrencies like Bitcoin. The year began with TRX trading at around $0.026 in January. By the end of the year, Tron's price dropped to around $0.07, reflecting a downward trend.
2022
In 2022, Tron (TRX) faced a downward trend in its price, experiencing a decrease in value throughout the year. The year began with TRX trading at around $0.07 in January. As the year progressed, The TRX token price gradually declined, reaching approximately $0.05 by December.
2023
In 2023, the Tron price climbed steadily, from $0.052 in January to $0.085 in July.
How does Tron work?
Tron, a blockchain platform for building decentralized applications (dApps) and hosting content, adopts a 3-layer architecture consisting of the Core Layer, Storage Layer, and Application Layer.
The Core Layer includes modules for smart contracts, account management, and consensus.
The Storage Layer of Tron is made up of two important components, Blockchain Storage and State Storage. Blockchain Storage uses a technology called LevelDB, which is a type of database. It allows Tron to store various types of data in a structured way. State Storage is specifically designed for Tron's full nodes, which are important participants in the Tron network.
The Application Layer in Tron provides developers with the ability to create diverse dApps and customized wallets. It supports smart contracts, and allows developers to deploy and execute them using the Tron Virtual Machine (TVM). The Tron Virtual Machine is a runtime environment for Tron smart contracts, ensuring the continuous and immutable operation of the state machine. It is compatible with the Ethereum Virtual Machine (EVM), enabling developers to use the same programming languages and tools for Tron as they do for Ethereum.
Tron's consensus mechanism is based on Delegated Proof of Stake (DPoS), where 27 Super Representatives (SRs) are responsible for validating transactions and creating new blocks. Super Representatives are important participants in the Tron network, and are elected by TRX token holders through a voting process.
The role of Super Representatives is to secure and govern the Tron blockchain by producing blocks and validating transactions. They play a crucial role in maintaining the network's integrity and ensuring its smooth operation.
Super Representatives receive rewards for their services in two forms: voting rewards and block rewards.
Voting rewards are distributed to both SRs and SR partners and are based on the number of votes received.
Block rewards are only received by SRs. These rewards incentivize SRs to actively participate in maintaining the network and encourage TRX holders to vote for the most competent and reliable candidates.
Who founded Tron?
Justin Sun founded Tron in 2017 to decentralize content sharing. He previously worked at Ripple Labs and founded Peiwo, a voice-based social networking app.
In December 2021, Justin Sun made the decision to step down as the CEO of the Tron network. This move marked a significant transition of power as control of the project was transferred to the Tron DAO (Decentralized Autonomous Organization).
What is Tron used for?
TRX can be used to access premium content, crowdfund projects, purchase digital goods and services, and participate in staking for block production and rewards.
Tron is utilized in decentralized exchanges (DEXs), lending platforms, online gaming, and as an in-game currency. The platform also promotes decentralized social media and uses permissionless tools and protocols to deliver content.
What makes Tron unique?
Tron aims to redistribute power in the content distribution industry and enable democratic content creation. Originally issued as an ERC-20 token on the Ethereum blockchain in 2017, Tron has since become an independent blockchain platform.
Tron's role in Web3 is to put control back into the hands of users, allowing them to choose whether to disclose or monetize their data. Tron empowers artists and content creators worldwide to have complete ownership over their creations.
How can I mine or stake Tron?
Tron (TRX) utilizes a Delegated Proof of Stake (DPoS) consensus algorithm, which means that instead of mining, TRX holders have the opportunity to stake their tokens and participate in the network's consensus and block validation process.
Here's how you can stake TRX without technical expertise:
Set-up a wallet to store TRX
Purchase TRX via MoonPay directly into your wallet
Delegate your TRX to a validator
Earn rewards in TRX
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More FAQs about Tron (TRX)
The price of {{token_name}} is determined by factors such as supply and demand, market sentiment, regulatory developments, and the adoption of blockchain technology. Price fluctuations can also occur in response to large transfers of the asset in a short time period.
The all-time high of Tron (TRX) is $0.30, which was reached on January 4, 2018.
The all-time low of Tron (TRX) is $0.01, which was reached on March 30, 2020.
There are approximately {{circulating_supply}} TRX tokens in the circulating supply, with a total supply of just a few thousand coins more.
You can buy Tron directly via MoonPay or through one of our many partner wallets, such as Trust Wallet and Exodus. ---MoonPay’s simple widget makes it easy to buy TRX with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more payment methods. You can also top up your wallet in euros, pounds, or dollars and use your MoonPay Balance to purchase crypto like Tron. Once funded, use your balance for faster, cheaper transactions with higher approval rates. When you're ready to withdraw, enjoy zero-fee TRX transfers straight to your bank account.
MoonPay makes it easy to sell Tron when you decide it's time to cash out your crypto.
Simply enter the amount of Tron (TRX) you'd like to sell in the MoonPay widget and enter the details where you want to receive your funds.
