Know How Its Different From Other Cryptocurrency Assets, Find Out Where Can You Buy It In India
Cryptocurrency has offered a variety of options to investors. From bitcoin to ethereum, there are many crypto coins to choose from and they both have benefits and drawbacks. Reform is the new buzzword in the crypto industry and many new platforms are being created or modified to maximize the appeal of these virtual coins.
Tron is one of the latest coins that promises to reduce the expenses incurred by investors to start trading in it. Developed in 2017 by tech entrepreneur Justin Sun, Tron is a blockchain-based decentralized digital platform and its parent coin is called Tronix (TRX). Tron aims to democratize the content delivery industry through a permissionless protocol.
Tron and smart contracts
By allowing smart contracts, Tron helps developers build and deploy decentralized applications (dApps) that can be designed for practically any purpose – including online games, decentralized exchanges, yield farms and open lending. Platforms included. The basic goal of Tron is to give people access to content that is not restricted by geography, censorship or borders. Users of the network use TRX to pay content creators to access their applications without the need for a corporate middleman such as Amazon or Netflix. Simply put, this means that Tron owners will have full control over the data they create, including how it is distributed to the audience. Users can store their crypto assets on a desktop, mobile phone or hardware wallet.
Tron, which had over 50 million accounts as of August this year, includes a number of features that help achieve this goal. Backed by the Tron Foundation – a Singapore-based non-profit that aids in the development of the ecosystem, Tron has now become one of the top 20 cryptocurrencies by market capitalization and briefly holds a spot in the top 10 as well. Tron offers zero transaction fees.
How can it be bought in India?
Tron coins can be bought from any major exchange in India – like WazirX, Zebpay, Coinswitch Kuber, CoinDCX.