What You Should Know About TRON
TRON is a decentralized platform that has all the benefits of a blockchain. The purpose of the platform is to create a free international digital entertainment ecosystem. TRON’s system is aimed to make sharing of digital content understandable and energy-efficient. TRON’s official cross-network scaling solution allows data and assets to be transported across multiple networks securely, openly, and with unlimited scalability.
TRON was founded by Justin Sun in September 2017. TRON’s platform has its own digital currency called Tronix (TRX). A passionate group of specialists constantly work on improving the efficiency of TRX tokens and the platform as a whole. At the moment, TRON has powerful partnerships with such companies as Obike, Samsung, Bitmain, BitTorrent, and Poloniex.
Talking about the rankings, as of May 14, TRON TRX stands 22nd in the list of cryptocurrencies by market cap. With a total capitalization score of $12,552,676,517, TRX is expected to rise to $0.55 per token before the end of the year. As the popularity of TRX grows, so does its value.
TRON’s network capacity is capable of 2,000 transactions per second. For instance, Bitcoin has a throughput of 6 TPS, and Ethereum’s throughput is about 25 TPS. It is one of the reasons people enjoy trading with TRX.
TRX works well as an exchanging pair with cryptocurrencies like Bitcoin and Ethereum. Since buying them with fiat currencies is not possible at present, TRX comes forward as a perfect swapping tool. You can store TRX on MyEtherWallet or any other wallet that supports the ETH blockchain. You can also utilize TRX as a payment for the content you want to access.
Here are some of the main characteristics of TRON TRX:
- Decentralized blockchain system
- High throughput of 2000 TPS
- Peer-to-Peer network technology
- Highly effective smart contracts
- Total supply of 100,850,743,812 TRX tokens
One of the downsides of TRON TRX is its originality. Tron’s protocol caused some controversy in 2017 since it was almost a copy-paste version of Ethereum.
What Is the Future of TRX?
TRON has announced that it plans to launch a cross-chain scaling solution known as Apollo. It will enable the seamless transfer of data and assets across multiple networks in the most secure manner.
In addition, the project will usher in an era of blockchain interoperability, ending the era of isolation between networks and their users. The news about the launch of TRON’s cross-network scaling solution coincided with a surge in decentralized finance (DeFi) popularity.
Apollo project was initially scheduled for 2023 but TRON stated that it will be launched this year. The release of a new TRON project will draw more attention to TRX as a token. It will subsequently increase the value of TRX.
As the new crypto craze unfolds rising prices sky-high, not every cryptocurrency will hold up to the standard. That is why you should be ready for reinvestment to avoid losing the momentum and funds.
The latest 0.21.1 Bitcoin update made its transaction cost smaller ($12.92). Bitcoin defends its number one place in the crypto market and proves that it won’t give up its position that easily. Bitcoin pioneered the industry in 2009, and it has been on top for over the decade. As we can see, it shows no signs of slowing down.
Where You Can Exchange TRX
There are a bunch of websites you can try to swap your tokens. However, if you want to know the quickest and easiest way to swap your TRX tokens to Bitcoin, try trx to btc exchange online on Godex.
Follow those simple steps to exchange your digital tokens:
- Go to Godex.io website.
- In the middle of the page, find two fields with numbers.
- By clicking on the “You Send” field, you will be able to enter the amount of TRX that you want to convert to Bitcoin (a starting limit for this exchange is 1214.57 TRX).
- In the “You Get” field, you will see the amount of BTC that you will receive.
- If you are satisfied with the ratio, press the “Exchange” button.
- After that, you will be asked to enter your TRX wallet address in the field below.
- After you ensure that your input data is accurate, press the “Exchange” button one more time.
- Wait for the deposit. Godex will automatically generate a deposit address for your Bitcoin tokens with a unique transaction ID.
- You will find a detailed report of your transaction on the “Completed” page.
Godex cares about your privacy. That is why the whole exchange process is anonymous and doesn’t require registration. If you decide to register, Godex will offer you its affiliate programs. For instance, Personal Program will give a welcome bonus of 0.005 BTC and up to 0.6% on every transaction. You can find more info about affiliate programs in the top right corner of the main page.
Godex is one of the best exchange platforms for Bitcoin and other digital tokens with TRX. Godex embodies all the best aspects of modern exchange platforms. With Godex, you can start exchanging your cryptocurrencies at any time you want.