WHAT IS THE TRON WHO CREATED TRX AND WHAT IS THE HISTORY.

With proof-of-stake as its consensus method, smart contract capability, and a system-native money called Tronix, TRON is a decentralised, open-source blockchain-based operating system (TRX). Justin Sun founded it in March 2014, and the TRON Foundation, a non-profit organisation in Singapore founded in the same year, has been in charge of overseeing it since 2017. It began as an ERC-20 token based on Ethereum then transitioned to its own network in 2018. For the transfer, TRC20 charges a fee of 5 trones every 1 USDT coin.

HISTORY :: Justin Sun established TRON in 2017. [1] The TRON Foundation was founded in Singapore in July 2017. Through an ICO in 2017, the TRON Foundation raised $70 million, just before China outlawed digital tokens. [2] By March 2018, the testnet, Blockchain Explorer, and Web Wallet had all been released. Soon after, in May 2018, TRON Mainnet became live, making the Odyssey 2.0 release a significant technological achievement for the network. TRON changed its protocol from using an ERC-20 token on top of Ethereum to a standalone peer-to-peer network in June 2018. [3] On July 25, 2018, the TRON Foundation revealed it has successfully acquired the peer-to-peer file-sharing service BitTorrent. [4] In doing so, TRON created the Genesis block and signalled its independence.

Storage layer, core layer, and application layer are the three layers that make up TRON's architecture. The TRON protocol complies to Google protocol buffers, which by nature permits the extension of several languages. [Reference needed]

The TRON protocol, which is primarily managed by the TRON Foundation, uses internal pricing mechanisms like bandwidth and energy to equitably allocate computer resources among TRX holders.

[11] A decentralised virtual machine is offered by TRON that may run an application via a global network of public nodes. The network processes about 2,000 transactions per second with no transaction costs. [12] [needs non-primary source]

To stop malevolent users from executing DDoS attacks for free, TRON implementations have low transaction fees. Due to their low costs, high transaction rates, and comparable design, EOS.IO and TRON are fairly similar in this.The CEO of Protocol Labs, Juan Benet, stated in January 2018 via a Tweet that TRON's white paper had passages that were lifted verbatim from IPFSbot and MineFilecoin's white papers without citing either source. [16] The Tron code base contains numerous occurrences of code that has been lifted from other projects, according to researchers at Digital Asset Research (DAR). In addition, the project is charged with breaking the LGPL since it fails to disclose that its client was developed from EthereumJ, a Java implementation of Ethereum. The TRON Foundation, the group in charge of the system's design, refuted these allegations. [17]

It was discovered[18] in May 2019 by the cyber-security testing company HackerOne that the failure of a single computer might have shut down the entire TRON blockchain.