What is the TRX currency
TRX
0.2706
+1.53
TRX (Tron) is a Chinese-made cryptocurrency aimed at creating a decentralized entertainment ecosystem. It was established in 2017 and aims to provide a platform for artists and creators to create and share content. TRX is characterized by its fast transactions and low fees, making it a popular choice for small transactions. It is also very popular in China and Asia.
Three years after the currency was created, the Tron Foundation was established in July 2017, becoming its overseer. It is a non-profit organization in Singapore that raised $70 million in 2017 through an initial coin offering shortly before China banned digital tokens.
Tron transitioned its protocol from an Ethereum-based token to an independent blockchain network in June 2018, and then announced on July 25, 2018, that it had acquired BitTorrent, a peer-to-peer file sharing service. BitTorrent's founder, Bram Cohen, also revealed in August 2018 that he was leaving the company to establish the Chia Network, a less energy-consuming alternative to Bitcoin.
The total market capitalization of the company was approximately $1.6 billion by January 2019, and some considered it a typical case of the complex and turbulent nature of cryptocurrencies...
