What is TRON?
TRON (TRX) is a Top 20 Cryptocurrency whose aim is to ‘decentralize’. Faster than Bitcoin (3 - 6 transactions per second or TPS) and Ethereum at (25 TPS), Tron’s claimed 2,000 TPS makes it a fast and efficient blockchain platform.
TRON is geared towards providing a user-pays, decentralized-content platform that anyone can use.
In 2018, the Tron Foundation bought online file-sharing company BitTorrent for $120 million (USD) to accelerate its commercial aims in content and media. Following the acquisition, it also launched the BitTorrent Token (BTT) on the Tron blockchain network - its first native utility token or 'TRC-10’ token.
If Tron can drive real-world adoption and usage of its TRX token in media, content, and gaming, the Tron network could have a bright future.
What is the price of TRX?
TRX was one of the most popular coins traded during the 2017/2018 cryptocurrency bull market, going from $0.002 (USD) at the start of December 2017 to $0.182 on January 8th, 2018.
Aside from a significant rise at the end of April 2018, it has mostly been trading between $0.01 and $0.04 since June 2018.
The TRX price changes continuously, as it is traded 24/7 on major exchanges (including Uphold.com).
How to buy TRX
With Uphold, you can buy digital currencies in just 11 clicks - even if you don’t have an account yet. Nothing could be easier.
Here’s how fast it is to get started:
1. Go to Uphold.com and click sign up.
2. Enter your email address and personal details.
3. Click the link we send you and create a password
… and you’re off to the races!
Just start trading.
This article is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.
This content is correct as of October 2020
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