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| Original author(s) | Justin Sun |
|---|---|
| Developer(s) | TRON-Foundation Ltd. |
| Initial release | 25 July 2018 |
| Development status | Active |
| Written in | Java |
| Platform | Tron |
| Available in | Multilingual, but primarily English |
| Type | Distributed computing |
| License | Open-source licenses |
| Website | tron |
TRON is a decentralized, blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX). It was established in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the TRON Foundation, a non-profit organization[citation needed] in Singapore, established in the same year. It is open-source software.
It was originally an Ethereum-based ERC-20 token, which switched its protocol to its own blockchain in 2018. TRC20 has a fee of 1,2 trones per 1 USD for the transfer. On some cryptocurrency wallets, users can't withdraw their funds until they have enough amount for the network fee.