TRX is the name of the currency used in the TRON network. TRX can be used to vote for super representatives and obtain bandwidth.
TRON CLASS is a series of videos explaining the definitions of commonly used TRON and blockchain-related terms.
The address is also the public key. The public key and the private key are a key pair obtained via a hash algorithm. The public key is the part exposed in the key pair and the private key is the … Continued
A smart contract is a computer protocol with a purpose to digitally verify the negotiation of a contract. They not only define the rules and penalties related to an agreement in the same way that a traditional contract does, but … Continued
The consensus mechanism is to complete the verification and confirmation of the transaction in a short period of time through the voting of the special node; for a transaction, if several nodes with irrelevant interests can reach a consensus, then … Continued
Satoshi is the smallest unit of BTC. 1 BTC = 100,000,000 Satoshi Similarly, SUN replaced drop as the smallest unit of TRX. 1 TRX = 1,000,000 SUN.
A permissionless blockchain is a blockchain where users don’t need permission from anyone on the network in order to perform certain actions, including joining the network. Therefore, it is publicly available to anyone, usually very transparent and decentralized. The (voting) … Continued
A Non-Fungible Token (NFT) is a special type of cryptographic token that is a representation of a unique digital asset that is not interchangeable. This is in contrast to cryptocurrencies like Bitcoin, and many network or utility tokens that are … Continued
Public blockchain: Public blockchains are open networks that allow anyone to participate in the network. Private blockchain: A Private Blockchain is a permissioned blockchain. Permissioned networks place restrictions on who is allowed to participate in the network. Consortium blockchain: The … Continued
TPS is short for transactions per second, it refers to the number of data transactions performed per second. High TPS guarantees low calculation delay, which allows transaction speeds to compete with existing payment systems such as VISA and SWIFT. This … Continued
Units of currency in TRON smart contracts are TRX and sun. To successfully migrate your Ethereum smart contracts to TRON, please change Ether denominations into TRX denominations, while being mindful of the Ether/TRX market exchange rates. Remember that 1 TRX … Continued