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1 EUR = 3.774775 TRX
+0.32%
The live price of Tron is € 0.24 per (TRX / EUR) with a current market cap of € 22,777,706,024.05 EUR. 24- hour trading volume is € 431,451,506.47 EUR. TRX to EUR price is updated in real-time. Tron is +0.32% in the last 24 hours with a circulating supply of 94,789,027,705.88.
TRX Price History EUR
Date Comparison
Today
€ 0.24
+0.32%
30 Days
€ 0.24
+0.92%
60 Days
€ 0.22
+9.29%
90 Days
€ 0.22
+9.37%
About Tron (TRX)
Tron (TRX) is a blockchain-based decentralized platform focused on building a global digital content entertainment system with distributed storage technology. Launched in 2017 by Justin Sun, Tron aims to empower content creators to own and monetize their content directly by eliminating intermediaries. This democratizes the content distribution and allows creators to earn full compensation for their work.
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People Also Ask: Other Questions About Tron
TRX (Tron) is designed to be the backbone of the Tron blockchain, enabling a decentralized platform for the sharing and distribution of digital content. The primary purpose of TRX is to facilitate transactions within the Tron ecosystem, allowing users to send and receive value easily and efficiently. By leveraging TRX, users can access various decentralized applications (dApps), games, and services built on the Tron platform. Additionally, TRX plays a crucial role in incentivizing content creators, empowering them to monetize their work directly without intermediaries. This focus on user empowerment and decentralization aligns with Tron’s mission to create a free and open internet where content can be shared and accessed without restrictions.

Tron differentiates itself from other blockchain platforms through several key attributes:

  • High Transaction Speed and Scalability: Tron is designed to process thousands of transactions per second (TPS), significantly outpacing many other blockchain networks. This high throughput enables smooth and efficient operations for dApps and services that require quick transaction confirmations.

  • Delegated Proof-of-Stake (DPoS) Mechanism: Tron uses a DPoS consensus algorithm that allows TRX holders to vote for super representatives (SRs) who validate transactions and create new blocks. This system is more energy-efficient than traditional proof-of-work systems, making Tron an environmentally friendly option.

  • Focus on Content Creation and Distribution: Tron has a strong emphasis on revolutionizing the content-sharing industry. It aims to provide a platform where creators can share their work and receive direct compensation in TRX, bypassing intermediaries like publishers and streaming platforms.

  • Compatibility with Ethereum: Tron’s architecture is designed to be compatible with Ethereum, enabling developers to migrate their dApps easily from Ethereum to Tron. This compatibility expands the potential user base and application ecosystem.

  • Robust Developer Ecosystem: Tron boasts a vibrant ecosystem of developers, dApps, and projects. The Tron Foundation actively supports developers through initiatives, funding, and resources to foster innovation on the platform.

Participating in the Tron network is accessible and can be done in several ways:

  • Using TRX for Transactions: You can buy TRX on various cryptocurrency exchanges and use it for transactions within the Tron ecosystem. Whether you’re using a dApp, gaming platform, or other services, TRX serves as the primary currency for transactions.

  • Staking TRX: TRX holders can stake their tokens by voting for super representatives (SRs) who validate transactions on the network. Staking TRX allows you to participate in the governance of the Tron network and earn rewards based on your stakes. The voting process empowers users to influence the network's direction and development.

  • Developing dApps: If you are a developer, you can build and deploy decentralized applications on the Tron network. The platform provides a range of tools, documentation, and resources to help you create innovative solutions and reach a global audience.

  • Engaging with the Community: Tron has an active community on social media platforms, forums, and developer groups. Engaging with the community can help you stay updated on the latest developments, participate in discussions, and collaborate on projects.

  • Using TronWallets: You can download Tron-specific wallets, such as TronLink, to store, manage, and interact with your TRX tokens and other assets on the Tron network securely. Wallets provide an interface for accessing dApps, staking, and performing transactions.

While TRX offers several advantages, there are also potential risks to consider when using it:

  • Market Volatility: The cryptocurrency market is known for its high volatility, and TRX prices can fluctuate significantly due to various factors, including market sentiment, news events, and technological developments. This volatility can impact your investments and trading strategies.

  • Regulatory Changes: The regulatory landscape for cryptocurrencies is constantly evolving. Changes in regulations or government policies could impact the usage, trading, and legality of TRX, potentially affecting its value and adoption.

  • Competition from Other Platforms: Tron operates in a competitive environment, with many blockchain platforms vying for market share in the dApp and content distribution sectors. Competition from established platforms like Ethereum, Binance Smart Chain, and others may affect Tron’s growth and adoption.

  • Security Risks: As with any blockchain technology, TRX and the Tron network are susceptible to security vulnerabilities, such as smart contract bugs, hacks, and phishing attacks. Users should practice caution, employ best security practices, and use secure wallets.

  • Adoption Challenges: The success of TRX is closely tied to the adoption of the Tron platform by developers and users. If the platform fails to attract a substantial user base or a diverse range of applications, the demand for TRX could decline.

TRX is integral to the Tron ecosystem and serves multiple purposes that provide benefits to users and developers:

  • Transaction Fees: TRX is used to pay for transaction fees on the Tron network. When users interact with dApps, send TRX, or execute smart contracts, they pay fees in TRX, ensuring that the network remains operational and secure.

  • Incentives for Content Creators: One of the core philosophies of Tron is to empower content creators. By using TRX, creators can directly monetize their work and receive payments from consumers without relying on intermediaries. This model fosters a more equitable revenue-sharing system for artists, musicians, and developers.

  • Governance Participation: TRX holders can participate in the governance of the Tron network by voting for super representatives. This voting system allows the community to influence the development and direction of the platform, ensuring that it remains aligned with user interests.

  • Access to dApps and Services: TRX is the primary currency for accessing various dApps and services within the Tron ecosystem. Users need TRX to participate in games, social platforms, and decentralized finance (DeFi) applications, facilitating engagement and interaction.

  • Staking Rewards: By staking TRX, users can earn rewards for contributing to the network's security and governance. This provides an incentive for users to hold and engage with TRX while helping to maintain the integrity of the Tron network.

In summary, TRX is a versatile token that plays a vital role in the Tron ecosystem, providing users with opportunities for participation, engagement, and rewards.

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