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HomeCOINSWhat Is Tron.network (TRX)? Complete Guide Review About Tron.network.

What Is Tron.network (TRX)? Complete Guide Review About Tron.network.

What Is Tron.network (TRX)?

Tron.network is a robust blockchain ecosystem designed and developed by blockchain developers over the world, which follows the philosophy of “Decentralize the Web”. There are multiple kinds of products involved in TRON ecosystem, including public chain, wallet client, decentralized applications (DAPPs), Etc. These products are closely related to each other, and together, this supports the stability of the whole ecosystem.

Tron.network Storage Key Points

Coin BasicInformation
Coin NameTron.network
Short NameTRX
Circulating Supply101.70B TRX
Total Supply101,698,634,640
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

TRON Public Chain

Tron.network public chain is a decentralized blockchain network implemented based on TRON protocol, performs as the core of TRON ecosystem, launched on Jun 25th 2018. Many things can be done through TRON public chain, including token assets issuing, DAPP deployment and running, stake and vote for gains, assets transferring, Etc.

TRON public chain is one of the most secure public chain systems at present. The reason it is outstanding is that the blockchain runs in a decentralized network environment, in which creation and storage of the data do not rely on specific individuals or organizations, and the data is ensured to be never changed by cryptography.

Architecture

Tron.network public chain realizes the design of highly abstract modularization. It separates the system into several core modules, including underlying network, data storage, consensus, transaction actuator, TVM, and application layer interface.

Underlying network

The underlying network module is a set of customizable and efficient message response systems, built based on Betty, a high-performance network framework. The underlying network module is separated into two modules node communication and node discovery. Node discovery is implemented based on the Academia algorithm. It meets the requirements of node discovery in decentralized network environments and can defend eclipse and witch attacks by a set of node scoring mechanism.

The node communication module uses TCP for data transfer. Based on this, a flexible and extensible message registration response mechanism is designed on the business layer.

Data storage

Tron.network have designed a data storage module that can support fast rollback and an in-memory database Khaos DB for fast blockchain switching. These reflect the ultimate pursuit of the performance of the TRON public chain.

Tron.network also published Chain Base, a database product for the blockchain system, based on the excellent interface design of the data storage module. It supports the switching of data engines between Level DB and Rocks DB as well as the customized development of data engines, only needed to implement the corresponding interface set.

Consensus

Tron.network public chain currently adopts DPOS as the consensus algorithm, which enables a maximum 2000 TPS. Blocks are categorized as solidified and un-solidified block to tap the performance potential of the public chain. It can reduce the limits of the CAP theory of distributed systems and give the most consideration to data availability and consistency. Solidified blocks cannot be rolled back. Un-solidified blocks contain the latest transaction data.

Full nodes provide data inquiry services for both types of blocks to meet various needs from users. Tron.network have designed an excellent on-chain governance mechanism that attributes to the implementation of the DPOS algorithm. Super Representatives (SRs) and Super Representative Partners (SRPs) can initiate voting requests for proposals. After voting, all votes from SRs are counted to determine whether a proposal takes effect.

On-chain governance & incentive mechanism

Through the decentralized election, TRON public chain produces two types of roles Super Representative (SR) and Super Representative Partner(SRP), and they participate in the on-chain governance. An SR/ SRP can initiate voting for specific proposals, and other SRs/ SRPs can give their opinions to the proposals through voting, which ensures the blockchain governance is entirely decentralized.

Tron.network public chain has a precise and efficient incentive mechanism that can promote the self-prosperity of the blockchain. SRs have the power of packing transactions, producing blocks and obtaining block production incentives. SRs and SR partners gain awards based on the votes they get, and at the same time, ordinary voters can earn stake reward for voting SRs and SRPs. The amount of incentive is transparent, and the distribution process is entirely decentralized.

TRC10 token support

TRC10 token is based on system contracts, can be issued simply on TRON public chain. Tron.network standard significantly reduces the cost of token circulation, as system contract transactions only consume bandwidth. TRC10 token transactions can be done in the decentralized exchange built in TRON public chain.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .