TRON (TRX) is a decentralized blockchain platform(Layer 1) designed to support the development and execution of smart contracts and high-throughput applications. TRX token is used for transactions, as a store of value, and as a voting token within the TRON ecosystem. The TRON network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, which allows for faster transaction speeds and scalability compared to traditional blockchain systems.
TRON was founded by Justin Sun in September 2017 and launched its mainnet in May 2018. For the big event, in October 2022, the Caribbean country Dominica passed legislation confirming that multiple digital currencies under TRON are legal digital currencies in the country and have legal currency status. This is also the second batch of cryptocurrencies in the world that have been granted legal digital currency qualifications after Bitcoin.
Recently, TRON is also deploying in the field of real world assets, stUSDT as the first RWA token issued by TRON has already attracted more than 750 million staked USDT as collateral.
Above are only for introduction, not intended as investment advice.