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Tron FAQs
What are the main features of Tron?
The Tron project is of Chinese origin. It is a decentralized platform for digital content. The Tron cryptocurrency has the designation TRX. In total, there are 100 billion TRX coins, 40 billion of which were sold to investors ICO. TRX coins were originally ERC-20 Ethereum tokens, later on, the network switched to the original blockchain. The advantage of the Tron network for content creators is that they can get paid for their efforts without commission and post data without censorship. A blockchain in the network is generated every three seconds. The bandwidth of the network reaches 2000 transactions per second, which is much more than that of Bitcoin and Ethereum.
How does the Tron consensus protocol work?
The Delegated Proof of Stake (DpoS) algorithm is used to achieve consensus between Tron nodes. A total of 27 Tron nodes refer to Super Representatives (Srs). These TRX nodes confirm transactions and are remunerated for it. You can vote every 6 hours in the Tron network, which allows you to choose a new 27 TRX nodes (Super Representatives). Thus, the Tron network becomes more decentralized and democratic.
How do the TRX nodes work?
Tron relies on the Srs TRX nodes network to confirm the transactions. KhaosDB technology is used to prevent forks. All new chains fall into a buffer in public node memory, where the longest chain is selected. There are three types of free blockchain nodes in the Tron network. These are Witness TRX node, Full TRX node, and Solidity TRX node. Witness TRX node is also called Tron bookkeeper, supernode, SR. There may be 27 of them in total and they have the right to confirm the transactions. This blockchain node provider has quite high hardware requirements. A minimum of 16 CPU cores, 32 gigabytes of RAM, and 1 TB of free space on HDD is required. To run a Full TRX node requires at least 16 CPU cores, 16 gigabytes of RAM, and 1 TB of free space on the HDD. Full TRX nodes provide API access and transmit transactions over the network. Solidity TRX nodes are designed for network synchronization.
How does the Tron architecture work?
Tron has three levels. This is the application layer, storage layer, and core layer. On the application layer, different Dapps are created. To create them, not only the Java programming language is used but also such languages as Scala, C++, Python, and Go. The storage layer is designed for decentralized data storage. Thanks to the storage layer it is possible to upload, transfer, rent, and distribute various digital content. It is possible to reward creators of interesting content with TRX tokens. KhaosDB technology also works at this level helping Tron nodes to choose the longest chain of blocks. The core layer has a modular structure, the consensus is reached at this level and a virtual machine executes smart contracts.
What are the tokens on the Tron network?
TRX tokens are used for transactions between Tron nodes. Due to tokens, TRON Power (TP) users can vote for further development of the project. TRON 20 standard tokens are custom cryptocurrencies, analog tokens ERC-20 in the network Ethereum. TRON 10 tokens are digital assets. At the protocol level it is supported by a decentralized exchange between TRON 10 and TRX tokens. BP tokens are used as a Tron fuel system and allow it to do without fees for transactions. Each user receives 5000 BP tokens per day and can use them to conduct transactions in the TRX and TRON 10 tokens.
