TRON insights

TRON is a decentralized platform that works on Blockchain technology. It is founded by TRON Foundation, which is located in Singapore. TRON aims to derange the content model of the web and to ease the process of creating and deploying of digital content applications. The TRON mainnet was launched in June 2018, and TRX is the native token of the TRON blockchain.

There is limited adoption of the blockchain technology due to the difficulties that developers face in building the new protocols from scratch. TRON eases this process and facilitates the decentralization of the existing platforms and the creation of the new dApps.

TRON is a great effort to leverage peer to peer nature of networks to allow the content creators and distributors direct access to the consumers. Today’s entertainment platforms like YouTube and other centralized distribution networks have a monopoly on the digital content market, which creates a kind of barrier for the independent content producers which seek distributed channels.

Various decentralized applications plan to take advantage of TRON to eliminate the need for the central authority. With so many problems of the entertainment industry, that TRON solves, it’s interesting to watch how it can disrupt the current content ecosystem.

Tron Price

  • TRX
  • Price
    $ 0.116860
  • Change
  • Marketcap
    $ 10.20 B

TRON Wallet

TRON is one of the top blockchain projects having its native token TRX. Initially, TRON launched with an ERC-20 token on Ethereum’s blockchain, but in June 2018, TRON launched its main net. If you want to buy TRX, you would also need a wallet to store your TRX as it’s now no longer enough to use ERC-20 compatible wallet.

When selecting the wallets, you should consider factors like wallet cost, security, regularity of use, and user experience.

Here are the few top TRON wallets that you can use:

  1. Ledger Nano S – A hardware wallet is the best wallet if you value security a lot. Ledger Nano S is one of the most recommended hardware wallets. It is portable and connects to the computer via a USB port, which allows you to store your private keys in cold storage setting. In addition to TRX, Ledger Nano S can also store over 700 other cryptocurrencies.
  2. TRONscan – TRONscan is a web wallet, and it allows the users to access to their TRX coins from any internet-connected device any time. It is not as secure as hardware wallets, but it is easy to navigate and store your TRX coins. It also gives easy access to information about your account balances and past transactions.
  3. Exodus – Exodus is a desktop wallet which nearly supports more than 100 cryptocurrencies apart from TRON.