TRON (TRX): what you need to knowTRON (TRX): what you need to know

TRON is a Layer 1 blockchain focused on high-throughput transactions, content distribution and stablecoin payments. The network is widely used for moving USDT (Tether), making TRON one of the largest chains for stablecoin volume. The native token TRX is used for transaction fees, staking and governance.

Whitepaper: https://www.lcx.com/tron-mica-white-paper/

TRON uses Delegated Proof of Stake (DPoS): TRX holders vote for 'Super Representatives' who act as validators, producing blocks and confirming transactions. This makes for fast block production and relatively low fees. Users can 'freeze' TRX to receive bandwidth and energy points, which can reduce or remove transaction fees.

• Ticker: TRX

• Category: Layer 1

• Blockchain: TRON

• Protocol: Delegated Proof of Stake (DPoS)

• Year of launch: 2017

TRON supports smart contracts via the TRON Virtual Machine (TVM), which is compatible with the Ethereum Virtual Machine (EVM). This makes it relatively easy to bring Solidity contracts to TRON. The network uses the TRC-20 standard for tokens, with USDT-TRC20 being one of the most-used stablecoin implementations worldwide.

The TRON ecosystem includes DeFi protocols (such as JustLend and SUN), stablecoin payments (especially USDT-TRC20), gaming and content distribution through projects like BitTorrent. Because of high volumes in stablecoin transfers, TRON is used in many countries for remittances and for trading on exchanges.

TRON was founded in 2017 by Justin Sun, an entrepreneur with a background in tech companies in China. Justin Sun has since become one of the most prominent public figures in the crypto world. Development is led by the TRON DAO and TRON Foundation, with a large international team of validators and developers.

BTC Direct has been the European entry point to crypto since 2013. We make buying TRON straightforward, even if it is your first time:

• Trusted in Europe. BTC Direct is registered with the Dutch Central Bank (DNB) and operates under MiCA, the EU regulation for crypto.

• Familiar payment methods. Pay with iDEAL, Bancontact, Sofort, SEPA bank transfer, credit card, PayPal or Apple Pay. Your TRX is on its way within minutes.

• Your coins, your control. We do not store your TRX. After your purchase, your coins are sent straight to your own wallet address.

• Based in the Netherlands, serving all of Europe. Our experts are based in the Netherlands and answer in your language across the SEPA zone. Need help? We are here.

• Start with a small amount. From just €30. The minimum varies per coin.

Ready to buy your first TRX?

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More questions about TRON or BTC Direct? Visit our help center for more answers.

For more technical information about TRON, visit the official website.

Cryptocurrencies, including TRON (TRX), are volatile and carry risks. The value of TRX can fluctuate greatly and investments can lead to financial losses. Always do your own research and only invest money that you are willing to lose.

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