Tron $TRX is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX).
The Tron blockchain was created by Tron Foundation, a Singapore-based organization that is currently headed by Justin Sun. Prior to creating the Tron Foundation, Sun founded Peiwo, an app that aspires to be the Asian Snapchat. This app got Sun into the 2017 Forbes 30 under 30 list.
Sun was also the former Chief Representative of Ripple in China and a graduate of Hupan University.
Tron came about after a successful ICO which raised over $70 million in September 2017.
Market capitalization of TRON (TRX) is $23,229,445,240 and is ranked #8 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TRX tokens (95 Billion tokens are tradable on the market today).
