Tron

Understanding crypto terminology for Trust Layer involves grasping concepts like decentralized verification, secure transactions, and identity assurance within blockchain systems to build trust among users.

Tron is a blockchain-based platform that aims to create a decentralized internet and facilitate the sharing of content. Founded in 2017 by Justin Sun, it allows developers to build and deploy decentralized applications (dApps) using smart contracts.The native currency of the Tron network is TRX, which is used for various functions, including transactions and accessing services within the ecosystem. Tron’s architecture supports high throughput and scalability, making it suitable for handling a large number of transactions quickly.Tron also focuses on content creators, enabling them to publish their work directly without intermediaries. This model empowers artists and developers to earn revenue directly from their audiences, incentivizing quality content production.The network employs a delegated proof-of-stake (DPoS) mechanism, which allows TRX holders to vote for “super representatives” in charge of validating transactions and maintaining the blockchain. This system is designed to be more efficient and environmentally friendly compared to traditional proof-of-work systems.

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