Buy Tron (TRX)
What is TRON?
TRON is a decentralized blockchain-based platform designed to build a free, global digital content entertainment system with distributed storage technology. It aims at facilitating sharing of digital content in an easy and cost-effective way. It operates using the TRX cryptocurrency and focuses on solving issues such as intermediary control and limited rewards for content creators .
How does TRON work?
TRON operates on a three-layer architecture:
- Core Layer: Handles transaction validation, account management, and smart contract execution.
- Storage Layer: Designed for data storage, handling both block storage and state storage.
- Application Layer: Provides tools and interfaces for developers to build decentralized applications (dApps).
TRON uses a Delegated Proof of Stake (DPoS) consensus mechanism, where users vote for 27 super representatives to validate transactions. The TRON Virtual Machine (TVM) facilitates smart contracts, supporting a range of applications from DeFi to NFTs .
What are the potential use cases for TRON?
TRON's potential use cases include:
- Content Creation and Distribution: Empowering creators to distribute and monetize content directly with their audience without intermediaries.
- Decentralized Finance (DeFi): Supporting DeFi platforms such as lending and exchanges using TRX and TRC-20 tokens.
- Gaming and Entertainment: Offering high throughput and low transaction fees for hosting games and entertainment apps.
- Token Creation: Enabling the issuance of custom tokens for various purposes like loyalty programs.
- Payment Systems: Providing fast, secure, and low-cost transfers using TRX.
- dApps Development: Supporting a range of dApps in social media, finance, and other sectors .
What is the history of TRON?
TRON was founded by Justin Sun in September 2017. It raised $70 million through an ICO and launched its mainnet in May 2018. TRON later acquired BitTorrent, integrating its user base. Key milestones include launching the TRON Virtual Machine, completing full decentralization, and evolving the platform with major updates like TRON 4.0, which introduced zk-SNARKs and cross-chain compatibility .
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Frequently Asked Questions (FAQs)
What is the current price of Tron (TRX)?
The Tron price is $0.40066822 AUD, representing a -1.48% from the day prior.
Where is the best place to buy Tron (TRX) in Australia?
The best place to buy Tron (TRX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tron (TRX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tron (TRX)?
The trading volume of Tron (TRX) is $2.6B AUD in the last 24hrs, representing a -1.48% from the day prior.
How can I buy Tron (TRX)?
Tron (TRX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tron (TRX)?
The current market cap of Tron (TRX) is $34.1B AUD.
Can I convert Tron (TRX) to cash?
Yes - With Coinstash you can convert your Tron (TRX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tron (TRX) are there?
The current circulating supply of Tron (TRX) is 86.2B.
Is Coinstash a safe place to buy Tron (TRX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tron (TRX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.