Tron subsequently crashed in tandem with the market but is underway recovery. The performance of the cryptocurrency was commendable although the bull run of 2021 resulted in cryptocurrencies skyrocketing above their all-time highs while Tron was unable to break it ATH of 2018. Tron started off the year with a price level of $0.02695 and climbed towards $0.1621 in April вЂ“ growing by more than 500% in a couple of years. The digital assets on Tron are underpinned by the native TRX token. Content creators earn digital assets on the network by publishing their content. The network is completely decentralized where the users have all the control. By eliminating the middlemen in the content industry, the platform makes it cheaper for consumers and more profitable for creators вЂ“ hence, increasing the efficiency of the ecosystem. It also allows developers to create their decentralize apps and host them on TronвЂ™s blockchain.

The purpose of the network is to connect content creators with content consumers by eliminating the intermediaries in between. Tron is essentially a peer-to-peer network based on the blockchain technology. It has garnered phenomenal interest from users and investors which is translated into the growth of the network. The goal of the network is to become the go-to digital content sharing platform. The blockchainвЂ™s native token TRX is ranked as the twenty-fifth largest cryptocurrency in the market. Originally based only in Asia, the platform has become global. The platform is headed by Justin Sun who is regarded as one of the most dynamic and enigmatic personalities in the crypto space. Tron was created in 2017 by a Singapore-based non-profit organization вЂ“ the Tron Foundation.

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