Tron cryptocurrency in online gambling

Tron is not just a cryptocurrency, it is an entire ecosystem, the initial goal of which is to decentralize the Internet. The founders of Tron created a decentralized blockchain platform that supports smart contracts and high throughput.

In the future, Tron should become an operating system where application developers can deploy them, thanks to their own Tron blockchain, in a decentralized format.

Below we will briefly talk about features of this coin, mention history of its creation and speak about Tron casinos.

Tron creation

The history of the creation of Tron begins in March 2014, but only in July 2017, the Tron Foundation was founded in Singapore, and then the powerful development of the platform went on. Already in December 2017, the open source Tron protocol was published. At the end of spring 2018, Tron launched the MainNet public network, and already in the height of summer of the same year, Tron acquired BitTorrent, and included all its products in its ecosystem.

Features of Tron

Initially, the Tron cryptocurrency was a token created on the ERC-20 standard of the Ethereum blockchain. This cryptocurrency did not have its own blockchain until the summer of 2018. On June 25, 2018, there was a transition to its own blockchain, which allowed the creation of tokens made according to the TRC-20 standard, and ERC-20 standard tokens were burned.

Tron is often compared to the popular Ethereum cryptocurrency, but the key difference is the different consensus mechanisms. The Tron blockchain uses dPoS (Delegated Proof of Stake) consensus, while Ethereum uses PoW (Proof of Work), which allows TRX holders to take part in the life of the blockchain.

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It is also worth mentioning that Tron uses a three-layer architecture consisting of a storage layer, a kernel layer, and an application layer. Finally, it needs to be clarified that there are three types of tokens used for the various purposes of the project.

Tron or TRX is the main coin of the system, which is involved in the process of trading the results of intellectual activity between platform participants. Also, this coin can be exchanged for other cryptocurrencies or for real money in order to subsequently withdraw them. TRX can also be used for crowdfunding and airdrops.

Tron Power is a coin that can only be obtained by freezing TRX. This coin does not participate in the trading process, but gives certain advantages to its owners, namely, it allows you to participate in the selection of super representatives and vote for changes in the system. The last type of coin is TRON 20. Coins of this type are held by network developers, which allows them to create blockchains with new tokens.

Tron in gambling

Today TRX is widely used in online casinos and sports betting sites. Thanks to its anonymity, fast transactions and almost zero fees, players and bettors from around the world love to use this cryptocurrency for fun. More and more gambling sites start accepting Tron and their number will only grow in the future.

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