What is TRX and how does it work?

Modified on Sat, 18 Feb, 2023 at 7:35 PM

The Tron network was created in September 2017 and continues to provide a decentralized platform for users to gain access to digital content through the implementation of blockchain technology with a Peer-to-Peer network (P2P), allowing freedom in accessing and exchanging content. Artists and content creators can interact with their customers directly without the need for a middleman to monitor the exchange of currency. The platform uses the Tronix (TRX) cryptocurrency coin as a medium exchange which would be transferred directly to content creators’ accounts after their digital work has been purchased. 


Tron can be compared to modern-day video streaming platforms wherein users may pay to access certain videos or content, however differentiates from Tron in the aspect that such streaming services centralize the services and payments made in the network, slowing down processes and possibly even incurring higher fees. On the Tron network, users are able to distribute their digital content freely while being relieved upon high fees as the blockchain technology aids the possibility of having small fees, but fast and direct transactions between parties.


* The video is in Thai.
Resource: https://www.youtube.com/watch?v=_Ja_NlLvTc0


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