$TRX Name: TRON (Token: TRX)
Founded by: Justin Sun
Launched in: 2017
Purpose: TRON aims to decentralize the internet, especially in the entertainment and content-sharing space. It allows creators to publish and monetize content without relying on intermediaries like YouTube or Apple.
Key Features:
High throughput and scalability.
Low transaction fees.
Smart contract support (similar to Ethereum).
Runs on a Delegated Proof-of-Stake (DPoS) consensus mechanism.
TRX is used for transactions, staking, and governance on the TRON blockchain.
Ecosystem: Includes projects like BitTorrent (BTT), JustLend, and SunSwap (a DeFi exchange on TRON).