Price TRON EUR, TRON TRX exchange rate

Launched in 2017, TRON attracted a group of investors and developers around a vision of how cryptocurrencies could reshape the internet. The basic elements of TRON such as decentralized applications (dApps) and smart contracts (smart contracts) were initiated by other projects before its launch. At the same time, TRON borrowed elements from Ethereum to develop a network compatible with it, ETH being one of the most important blockchain technologies.

TRON (TRX) cryptocurrency applications

Fast and efficient transactions

One of the most important features of the TRON cryptocurrency is the efficiency of transactions. The TRON platform can process up to 2000 transactions per second, which makes it much faster than Bitcoin. In addition, the cost of transactions on the TRON platform is usually much lower than on other platforms. This makes TRON a popular option for daily and recurring transactions.

Decentralized applications (dApps)

TRON is a blockchain platform that allows the development of decentralized applications (dApps) through its smart contract technology. These dApps are usable in various industries, such as: gaming, finance and the entertainment industry. TRON has even developed its own ecosystem of dApps, called TRON Ecosystem, which includes a series of useful applications: digital wallets and social media platforms.

Content storage and distribution

TRON has developed a platform for storing and distributing digital content, called TRON Protocol. This platform allows content creators to publish and distribute content without the use of intermediaries, such as YouTube and other platforms of this kind. Through the TRON Protocol, the developers aim to offer more control and more financial freedom to content creators.

TRON (TRX) price

Analyzing risks and profit potential are essential in any investment, including in the case of TRON and the TRX price. The increase in demand for the TRX cryptocurrency, also traded outside the stock market, offers opportunities for investors to trade calculatedly and take advantage of price fluctuations and to obtain an advantageous TRX price for trading and buying on trading platforms.

What determines TRON price fluctuations?

TRX price fluctuations are influenced by a number of factors:

• Demand and supply of TRX – TRON cryptocurrency

In traditional economic concepts, if the demand is high, the price of TRX will increase. Conversely, if the demand is low, the price of TRON will decrease. The demand for TRX cryptocurrencies is influenced by factors such as media attention, the state of the global economy and financial regulations.

• Popularity, TRX community and media attention for cryptocurrency

The popularity of the cryptocurrency TRON is a major factor influencing the price of TRX. The community around the project can significantly influence the perception of the average consumer on the crypto project. Simple curiosity about cryptocurrencies leads to an increase in the volume of investments, a fact that directly influences the price of TRX. At the same time, the price is influenced by the evolution of the crypto market in general, or of some projects (e.g. ETH, BTC) in particular.

In general, the FOMO (fear of missing out) phenomenon can be created around the markets, which applied in the investment area, is represented by investors’ fear of missing the moment of entering the market. To counteract or avoid the FOMO effect on investment decisions, we recommend that you actively inform yourself and make sure that you also understand the real factors that can dictate the price of the TRON cryptocurrency .

• TRX economy and ecosystem

The economic risks of the states are another aspect that can lead to an increase in the price of TRON. Especially in countries with high inflation, the population is turning its attention to new methods of protecting money, a fact that can influence the value of cryptocurrencies, including the value of TRX.

Advantages of TRON cryptocurrency

High scalability

One of the biggest problems that most cryptocurrencies face is scalability, meaning the ability to process a large number of transactions per second. With 2000 transactions per second, TRON is a blockchain platform that solves this problem and is prepared for a crypto ecosystem in a future where the need for speed will be greater.

application

Next to Ethereum, TRON is one of the most popular blockchain platforms for developing decentralized applications (dApps). Thanks to a system based on a complex architecture, TRON can support even the most complex decentralized applications, in an increasingly vast ecosystem.

Safety and confidentiality

TRON is one of the most secure blockchain platforms, thanks to a unique governance model and a unique approach to end-to-end encryption.

Tron (TRX) Cryptocurrency History

The Tron project was developed by entrepreneur Sun Yuchen (Justin Sun). With an established presence in China, Sun previously founded the audio app Peiwo and represented Ripple, the company that manages the cryptocurrency XRP, before founding the Tron Foundation in 2015. Sun has managed to attract interest from various fields, including the video game industry and the industry ride sharing applications.

In a cryptocurrency sale (ICO), the project managed to raise millions of USD, using a digital asset backed by the Ethereum blockchain network.

Tron differentiates itself with a strategy focused on the Asian market and on the translation of its technical documents into a variety of languages ​​used in Asia. TRON gained attention in 2018, when the Tron Foundation acquired the BitTorrent peer-to-peer network. This acquisition led to the launch of a BitTorrent token through the Tron blockchain network in 2019.