What is TRON?
TRON is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. It is a Blockchain-based decentralized operating system based on a cryptocurrency native to the system, known as TRX.
What is Tronix?
TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX.
TRX is the basic unit of accounts on the TRON blockchain. The value of all other tokens derives from that of TRON. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem, with abundant application scenarios that power transactions and applications on the chain.
Who is Justin Sun?
Justin Sun, born in 1990, is a tech entrepreneur, and the founder of the cryptocurrency platform TRON and current CEO of BitTorrent. He is also the former chief representative of the Greater China area of Ripple; founder and CEO of the social mobile app – Peiwo.
What is TRON Foundation?
Tron Foundation is a non-profit entity established in Singapore in July 2017. The foundation mainly engages in operating the TRON crypto network in the principles of openness, fairness, and transparency in supporting Tron’s development team.
Where is TRON Foundation based in?
TRON Foundation is established in Singapore in July 2017. TRON has established dual headquarters in the USA and the Asia Pacific, with the establishment of more overseas offices in preparation.
What is SUN Network?
SUN Network Plan is an expansion plan for TRON main network ecosystem, including smart contract application oriented side-chain(DAppChain), cross-chain communication and other expansion projects.
DAppChain is a side-chain project of TRON, which focuses on providing unlimited capacity expansion for the whole network. DAppChain is also designed to provide a low cost system for user and help DApp to operate safely and efficiently on TRON.
What consensus algorithm is TRON based on?
Who is responsible for the updates of the TRON Network?
Since TRON is based on a decentralized protocol, TRON Super Representatives (SRs) have the right to propose a change in dynamic network parameters. Once a proposal is created, SRs will vote for it and any member who does not vote in time will be considered as a veto. The proposal will be active for 3 days after it is created. The vote can be changed or retrieved during the 3-days voting window. Once the period ends, the proposal will either pass with 18 or more votes or fail otherwise.
How fast is TRON transactions per second (TPS)?
High throughput is achieved by improving the TPS in TRON, which has surpassed Bitcoin and Ethereum, to a daily-use practical degree. TRON consistently handles 2,000 transactions per second.
TRON main network supports multiple side-chain connections, which means TRON ecosystem can increases its TPS infinitely. According to the TPS peak 2000 on the main network, the whole TRON ecosystem TPS can reach 2000 * SideChainNum with the increasing of side-chains numbers.
How to issue new token on TRON blockchain?
To issue a token, simply visit Tronscan and create a new wallet, then navigate to Tokens > Token Record on the main menu.
Select your token type of TRC-10 or TRC-20, then proceed by filling in the information requested such as token name, abbreviation, supply, precision, etc.
After confirmation, 1024 TRX will be deducted from the account as token issuance fee.
What is TRON Power?
TRON Power (TP) is required for all votings on the TRON network. One can acquire TRON Power by freezing their TRON TRX tokens (either freezing for bandwidth or energy works).
TP is calculated in the following way: 1 TP = 1 TRX frozen.
What is TRON SR election?
The TRON consensus mechanism uses a modified Delegated Proof of Stake system in which 27 Super Representatives (SRs) produce blocks for the network. Every 6 hours, TRX account holders who freeze TRX in their accounts can vote for a selection of SR candidates, with the top 27 candidates deemed the SRs. Voters in the community may vote for their SRs based on criteria such as projects developed by SRs to increase TRX adoption or rewards that are shared and distributed to voters.
What are Super Representatives?
The 27 Super Representatives are the bookkeepers on the TRON network. They are responsible for the verification and packing of all transaction data broadcasted on the network. The most convenient way to check out the list of SRs and their information is by using TRON’s Blockchain explorer.
How to vote for Super Representatives
Go to Tronscan and sign in to your account, make sure you have enough TRON power by freezing your TRX on your account page.
After you acquired some TRON power, you may begin voting by clicking on TRON SR > VOTES on the main menu.
Click on the Click here to Start Voting button to begin the voting process.
Select the super representative candidate that you would like to vote for. To add votes to this SR, click the green + button to add votes. You can add as many or as little as you like. Press the red – button to remove votes.
Once you have entered as many votes as you would like for the SR candidate, click the green SUBMIT VOTES button.
You will be notified that your vote was successful (confirmation is required if you sign in with TronLink or Ledger).
How much does each SR share their reward with voters?
Voter rewards can be checked on Tronscan or Tron Station.
The default voting sharing ratio (brokerage ratio) for super representative is 20%, which can be modified by the super representative. For a 20% brokerage ratio, the super representative will get 20% of the reward, and the other 80% will be awarded to the voters. If the brokerage ratio is set to 100%, the rewards are all obtained by the super representative; if set to 0, the rewards are all sent to the voters.