Tron was launched in 2017, right in the middle of a crypto bull run, to provide digital content creators with the platform to gain full ownership rights by eliminating the intermediary of media tech giants. It did this by encouraging more rewards to be given to creators by allowing consumers to reward them directly.
Initially launched as an ERC-20 token on the Ethereum blockchain, the TRX token now operates in its native blockchain network. TRX is widely used for payment across the Tron platform, non-fungible tokens (NFTs), and a governance token for voting rights. In addition, TRX token holders can also participate in staking to earn passive income while contributing to the network's security.
The Tron network utilises a Delegated Proof-of-Stake (DPoS) consensus mechanism, which combines aspects of both Proof-of-Stake and governance. This system empowers TRX token holders to vote for their preferred Super Representatives, responsible for validating transactions and securing the network. As a result, Tron boasts high throughput and scalability, handling up to 2,000 transactions per second at a low cost.
CoinJar’s digital currency exchange services are operated by CoinJar Australia Pty Ltd ACN 648 570 807, a registered digital currency exchange provider with AUSTRAC.
CoinJar Card is a prepaid Mastercard® issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 pursuant to license by Mastercard. CoinJar Australia Pty Ltd is an authorised representative of EML Payment Solutions Limited. We recommend you consider the Product Disclosure Statement and Target Market Determination before making any decision to acquire the product. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.