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What is cryptocurrencies?
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference. Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
What is Tron?
TRON is an advanced blockchain platform that is built to decentralize and democratize the content distribution industry through an arsenal of permissionless tools, platforms and protocols. As a smart contract-capable blockchain, TRON allows developers to build and deploy highly capable decentralized applications (DApps) that can be designed for practically any purpose — including online games, decentralized exchanges, yield farms, open lending platforms and more. The platform was founded in September 2017 by tech entrepreneur Justin Sun, who currently heads up the Tron Foundation — a non-profit that assists with the development and growth of the TRON ecosystem. It raised a total of $70 million in an initial coin offering (ICO) and launched its mainnet in June 2018. Since then, it has grown to become one of the top 20 cryptocurrencies by market capitalization and briefly held a stint among the top 10.