Businesses accepting TRX

What is TRON used for?

Key features of TRON

  • The most significant benefit of using TRON crypto is that content creators all over the world have ownership of the content they create. The protocol allows each user to freely publish, own and store data. In simple words, TRX is a currency that pays you for your content.
  • All data on the network is free and not controlled by any central authority.
  • By creating a dApp on the network and offering content on it, holders can receive coins or tokens (the TRX token or other tokens underpinned by TRX) as a reward for their content.
  • Like with other digital currencies, TRX coin transactions run on a public ledger tracing the history of each transaction from the latest to the first one.
  • The TRX transaction model called UTXO is similar to the transaction model of Bitcoin, however, TRON has improved Bitcoin’s model by providing additional security.
  • TRON coin can not be mined, but tokens can be gained by staking existing tokens to validate other transactions. By validating transactions, holders will be paid a transaction or a token creation fee.
  • Holders can earn TRX rewards by freezing assets to gain certain benefits known as ‘Tron Power’. This gives a holder a higher status and provides him with voting rights over decisions on the network. The longer a token holder locks away their tokens for the more Tron Power they receive.
  • TRX cannot be bought with fiat currency, only by trading it with Bitcoin or Ethereum.

Businesses that accept TRON (TRX)

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