TRON

TRON is a decentralized, open-source blockchain platform designed to build and deploy smart contracts and decentralized applications (dApps). Launched in 2017 by Justin Sun, TRON aims to create a global, decentralized internet infrastructure and a decentralized digital content ecosystem. The platform operates on its native cryptocurrency, Tronix (TRX), and offers high scalability, low transaction costs, and robust performance for developers and users.

Delegated Proof-of-Stake (DPoS) Consensus

TRON uses DPoS, where stakeholders vote for Super Representatives (SRs) who validate transactions and produce blocks. This system allows for faster block production and higher transaction throughput compared to traditional Proof-of-Work (PoW) blockchains.

Low Transaction Costs

TRON provides a cost-effective platform for users and developers. The network features low transaction fees, which makes it an attractive option for dApp developers and users engaging in microtransactions or frequent interactions. Additionally, TRON offers a model where users can perform transactions without paying traditional transaction fees, supported by the platform’s native TRX token used for staking and governance.

Smart Contracts and dApps

TRON supports smart contracts, enabling the creation and execution of decentralized applications (dApps) on its blockchain. Smart contracts are self-executing contracts with the terms directly written into code, which facilitates automated and trustless transactions. The TVM is TRON's equivalent to Ethereum's Virtual Machine (EVM). It allows developers to deploy smart contracts written in Solidity, the same language used for Ethereum smart contracts, making it easier for Ethereum developers to transition to TRON.