Learn » atato Custody » Tron (TRX): Everything you Need to Know
Tron offers a unique decentralized platform for digital content sharing, backed by its native cryptocurrency Tronix (TRX), with notable adoption in entertainment and blockchain sectors.
Tron encountered challenges in its market performance following legal disputes with the U.S. Securities and Exchange Commission (SEC) last year in court proceedings which still loom over TRX. However, since the partial court ruling, TRX has witnessed healthy recovery, sporting a value of $0.14 per coin and market capitalization of $12,113,327,615 at the time of writing.
Table of Contents
Tron's Foundation and Vision
Initially conceived as a replacement for the SWIFT payment network, Tron serves as an intermediary for global transactions. Founded by Justin Sun, the Tron Foundation aims to create a decentralized entertainment system for the cost-effective sharing of digital content.
Evolution and Leadership
Born in 1990, Justin Sun, the current CEO, founded Tron in 2017. Tron’s vision is to use blockchain and peer-to-peer (P2P) network technology to enable content creators to sell their work directly to consumers. Unlike traditional cryptocurrencies, TRX operates on the Tron platform, where users use TRX to pay content creators without transaction fees.
Tron's Technology
TRX operates on the XRP Ledger, a unique blockchain employing a consensus protocol and trusted validators. This design enables rapid and cost-effective transactions, distinguishing TRX from other cryptocurrencies. With a capacity of up to 1,500 transactions per second, Tron focuses on efficient and secure transactions, providing an appealing solution for quick cryptocurrency transactions.
Popular Tron Applications
Decentralized applications that run from the Tron blockchain are called Tron Dapps. And thanks toincentives offered by the Tron Foundation, the Singapore-based non-profit organisation that promotes Tron, hundreds of dapps operate from the decentralised network.
The most popular dapps on the Tron network cover a range of crypto staking and lending platforms like Degree and JustLend DAO, respectively, protocols such as SunSwap and OKX, as well as GameFi/NFT platforms like Tron Ninjas.
atato Support for TRX
atato fully supports TRX, allowing users to securely store, manage, and transact with TRX within the atato custody platform. atato’s commitment to expanding supported assets aligns with providing users unmatched freedom and convenience. The introduction of the Bring Your Own Chain (BYOC) feature for TRX enhances user flexibility, enabling seamless integration of EVM-compatible networks and ERC-20 tokens into atato custody.
Despite recent uncertainties stemming from legal challenges, Tron’s TRX showcases unique advantages in cross-border transactions. Its continuous evolution offers users a reliable platform for digital content sharing. Coupled with a notable uplift in value over the last year, these factors present a positive long-term outlook for the network.
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Atato custody, an all in one solution for your digital assets security
Add any token, add any chain, MPC security, Dapps integration
Atato custody, an all in one solution for your digital assets security
Add any token, add any chain, MPC security, Dapps integration
