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# TRON: A Beginner's Guide to the Decentralized Blockchain

TRON is a decentralized, open-source blockchain-based operating system founded in 2017 by Justin Sun, the CEO of the TRON Foundation. With similar functionality to Ethereum, TRON provides smart contract capabilities, a native cryptocurrency called TRX, and employs a delegated [proof-of-stake](https://coinrotator.app/category/Proof-of-Stake) mechanism for achieving consensus on the blockchain.

## TRON's Mission and Focus

TRON aims to decentralize the web by allowing developers to create DApps (decentralized applications) using smart contracts. With its acquisition of BitTorrent in 2018, TRON's network has a particular focus on media and entertainment. The TRON network has since garnered over 97 million accounts and facilitated 3.3 billion transactions.

## How TRON Works

TRON operates on a decentralized system, meaning no single entity controls all its activity. Instead, the blockchain employs a proof-of-stake model to achieve network consensus. TRON's infrastructure uses smart contracts to enable developers to create [DApps and tokens](https://coinrotator.app/category/Application) for use on the network. TRX, the native token, serves as the foundation for these newly created tokens. Content creators can earn income on the network when users directly reward their efforts using the TRX token.

## TRX Token Mechanics

TRX is a store of value that can be invested in or traded for other cryptocurrencies. It is frequently used by users to create and interact with DApps on the TRON network. TRX can also be locked away to gain power, bandwidth, and energy. The more 'Tron Power' one possesses for a longer period, the more likely they are to achieve higher status and have voting rights on the TRON blockchain network. Bandwidth and energy are used for transferring assets and running smart contracts on TRON.

## Key Features of TRON

TRON offers several features that have attracted interest. For example, it provides feeless network transactions up to a certain limit, renewed every 24 hours. With up to 2000 rapid, feeless transactions per second, TRON boasts high scalability and smart-contract-based functionality, giving developers a wide range of options for app development.

TRON's focus on developing a creator economy through DApps is also noteworthy, as it directly supports content creators and their work. This allows content creators to monetize their content without relying on third-party intermediaries like YouTube, iTunes, and Spotify. Users on the decentralized network can directly compensate artists in TRX tokens or other newly created tokens backed by TRX.

## Partnerships and Integrations

TRON has formed several interesting partnerships and integrations. Examples include:

- Samsung is releasing new phone models that include access to TRON DApps via the Samsung app store.
- Metal Pay, an online payment service, has integrated TRX tokens into their website and app, allowing users to buy tokens more easily with cash.
- Refereum enables gamers to earn TRX through streaming and viewership.

## Team Background

The team behind TRON boasts extensive experience and expertise in various fields, including blockchain technology, software development, and entertainment. Founded by Justin Sun, a Forbes 30 Under 30 entrepreneur and former Ripple representative in Greater China, the TRON Foundation comprises skilled professionals dedicated to realizing TRON's vision of a decentralized internet.

## Current and Upcoming Project Developments

TRON continues to expand its ecosystem, with multiple ongoing projects and collaborations aimed at improving its network and accessibility. These include enhancing platform security, developing new DApps for the community, exploring partnerships with other leading companies, and constantly fine-tuning its technology to maintain a stable and efficient blockchain. With a strong focus on innovation and usability, TRON remains a driving force in the decentralized application market.

## USDD: TRON's Algorithmic Stablecoin

TRON also launched an algorithmic stablecoin, [USDD](https://coinrotator.app/coin/usdd), whose value is intended to be pegged to the US dollar at a 1:1 ratio. The algorithm behind USDD is similar to that of [UST-LUNA](https://coinrotator.app/coin/terra-luna-2), using arbitrage opportunities between TRX and USDD to maintain its peg. When USDD's price is lower than 1 USD, users and arbitrageurs can send 1 USDD to the system and receive 1 USD worth of TRX. Conversely, when USDD's price is higher than 1 USD, users and arbitrageurs can send 1 USD worth of TRX to the decentralized system and receive 1 USDD.

To prevent a sharp drop in value like the Terra blockchain experienced with its UST stablecoin, TRON's CEO announced that they are over-collateralizing the USDD. USDD currently has a collateralization ratio of 279.79%, ensuring stability and mitigating risks.

## {{name}} Price Analysis

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Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

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