Justin Sun founded this block-chain based decentralized system, with its currency known as TRX, in 2017.
Tron foundation raised $70 million through an initial coin offering in 2017; in 2018, the organization announced it has adopted the independent peer-to-peer network.
And as of January 2019, the token has a market cap of $1.6 billion. The company joins Tether in creating a stable currency called USDT, with the aim of refining liquidity in decentralized exchanges on the Tron blockchain.
Even though the cryptocurrency company has faced controversies ranging from copyright infringement of codes to attacks by hackers–the coin has still maintained a significant success in the market.
Tron pros include its high scalability and availability, making it a rival to Etherum.
And from the company’s acquisition of BitTorrent, the company’s dream of the complete use of a decentralized ecosystem is being fulfilled.
From the company white paper, a proof-of-stake system is used, where SRs – 27 super representatives – manufacture blocks for the network
Here you can follow the evolution of the TRX price