Trx
TRX is a decentralized blockchain based platform, published in 2017 at ICO, within a few weeks, TRX increased its price 1000 times, and was ranked 30th in Asia by Forbes and has developed voice mapping application Peiwo.
Justin Sun, a young Chinese entrepreneur, is the founder of TRX and a former representative of Ripple's BTC platform in China, TRX is also owned by the non-profit organization TRX Foundation and is open source for use by anyone anywhere. TRX enables a decentralized blockchain network to build DApps and provide blockchain-based cryptocurrency Tronix (TRX).
TRX allows internet users to control their own data, data is free and not controlled by anyone, ecosystem controlled by content, if someone shares their data, that person will get the other data.
With lower transaction fees |
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Actually, using the main TRX system does not cost anything, as the network gets very slow and they decide to charge a fee of 0.000005 cents per transaction.
Smart contracts |
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TRX, like ERC-20, which supports smart contracts, users will not be fooled by scammers, because the programs on TRX will get advantages such as: decentralized, fast, lightweight and can grow quickly, TRX also allows users to make larger transactions without a limit, TRX can handle 1000 transactions per 1 second TPS, when compared to ETH and BTC which can only do 15 and 7 TPS.
Disadvantages of Trx |
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Not having a great development team like ETH and BTC, TRX only copies the ETH code, and only changes the block processing time and block size, by copying ETH and changing some rules on the protocol, not suitable for long term investment, if you want to invest long term, TRX lacks innovation and the adoption rate of blockchain users is small, but TRX has too much coin supply to reach 100,000,000,000,000 TRX.
THANK YOU
By
@dani0661
Twitter
You have written a great article on trx blockchain, well structured and thanks for highlighting it's uses and disadvantages.
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So beautiful post. Very nice article. Thanks for sharing with us....
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Nice explained.
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