A Brief Introduction to TRX and TRON Network

TRON is a market-leading blockchain well-known for its large and highly active community of users and developers from all over the world, dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain operating systems in the world, adopts an energy efficient dPoS consensus mechanism to provide high throughput, high scalability, and high availability for decentralized applications in the TRON ecosystem through collaboration with key business partners including global tech giant Samsung, Opera, Poloniex, Swisscom Blockchain, and many more. Currently, the TRON-based TRC20 protocol hosts the largest circulation of stablecoin globally with nearly 36 billion USDT. Its native coin Tronix (TRX) can be used by content consumers to pay creators for in-game assets, or use as currency in gaming or to reward creators directly for their entertainment content or to purchase additional access.

TRON network was founded in 2017 by Justin Sun. As one of the most influential KOLs in the blockchain industry, Justin is a serial entrepreneur and served as CEO of the world's most popular P2P communication protocol, BitTorrent, from 2018 to 2021. He also founded one of China's most popular voice streaming social Apps, Peiwo. Tron is also one of the fastest growing DeFi ecosystems on the market, boasting more than 56 million global user accounts and over 2 billion cumulative transactions.

TRON's Technical Milestones and Why Moonstake Supports TRX?

- The TRON MainNet was publicly launched in June 2018 achieving independence from the Ethereum blockchain it was originally

- In just a little over six months of its MainNet going live, TRON gained over 1 million registered users, boasting more transactions than Ethereum and more accounts than EOS, giving it a place in the list of 10 largest cryptocurrencies of 2018.

- TRON's DApp ecosystem reached more than 80 Dapps in 60 days of the TRON Virtual Machine (TVM) launch.

- In March 2019, Tether announced a new TRON-based stablecoin, USDT TRC20.

- In October 2019, TRON officially partnered with Samsung to offer its DApps on the Samsung Galaxy Store and the TRON section on the Samsung app store was launched in April 2020.

- In May 2020, BitTorrent File System (BTFS) went live, creating the world's largest P2P storage network with 100 million user-controlled nodes and more than 1,000 TRON full nodes.

- In June 2021, Circle's USDC stablecoin was made available on the TRON network.

- In September 2021, TRON joined a short list of leading crypto tokens (namely Bitcoin and Ether) with its successful listing of VanEck TRX ETP (VTRX) on the Deutsche Boerse, providing investor access in 14 EU markets.

Based on these significant milestones, we can see that TRX is a highly promising coin and further more, the Tron Network is a leading open-source blockchain project globally. This makes TRX an attractive and strategic addition to the lineup of PoS coins available on Moonstake, and Moonstake has been supporting TRX staking since October 2021 after forming an official partnership in June 2021.

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