Tron Online Casinos

Welcome to our dedicated website for Tron – TRX Casinos. Below you will find a list of Casinos which accept TRON for deposits and withdrawals.

Our list with the Best TRX online casinos

  • HUGE WELCOME BONUS
  • ACCEPTS TRON TRANSACTIONS
  • CURACAO LICENSE
★★★★★
4250 USD
  • ACCEPTS TRON
  • GREAT VIP PROGRAM
  • INTERACTIVE CHAT
★★★★★
5000 USDT
  • ACCEPTS TRX
  • CHAT FOR PLAYERS
  • NICE DESIGN
★★★★★
10500 USDT
  • GREAT REPUTATION
  • HUGE GAME SELECTION
  • NICE VIP PROGRAM
★★★★★
3000 EUR + 225 FS
  • AMAZING WELCOME BONUS
  • NICE DARK DESIGN
  • TRUSTED OPERATOR
★★★★★
6500 EUR + 180 FS
  • LOW MINIMUM DEPOSIT
  • TRON OFFER AVAILABLE
  • UP TO 60% RAKEBACK
★★★★★
1 BTC
  • NO WAGER BONUS
  • 9000+ GAMES
  • PERSONAL VIP MANAGER ON HIGHER TIERS
★★★★★
500 USD
  • STICKY BONUS
  • MANY SOFTWARE PROVIDERS
  • TRUSTED ONLINE CASINO
★★★★★
1000 EUR
  • VPN FRIENDLY CASINO
  • CURACAO LICENSE
  • JAPANESE THEME
★★★★★
500 EUR + 250 FS
  • AMAZING WELCOME BONUS
  • BIG GAME LIBRARY
  • NICE PROMOTIONS
★★★★★
2.5 BTC + 275 FS
  • BASED ON THE POPULAR SERIES
  • 15% CASHBACK
  • NICE PROMOTIONS
★★★★★
1000 EUR + 300 FS
  • HUGE WELCOME BONUS
  • ONE OF THE OLDEST ONLINE CASINOS
  • TRUSTED OPERATOR
★★★★★
5400 EUR + 250 FS
  • FAST SIGN UP
  • UP TO 50% RELOAD
  • CLEAR BONUS TERMS
★★★★★
11100 EUR + 100 FS
  • UNLIMITED CASHOUT OFFER AVAILABLE
  • BIRTHDAY BONUSES
  • MULTILINGUAL
★★★★★
5 BTC + 200 FS
  • APP AVAILABLE FOR DOWNLOAD
  • 15% RAKEBACK
  • ACCEPTS TRON
★★★★★
750 EUR + 75 FS
  • CASHBACK OFFER FOR FIRST WEEK
  • FORTUNE WHEEL
  • SPORTSBOOK AVAILABLE
★★★★★
100% CASHBACK
  • NICE VIP PROGRAM
  • BIG WELCOME OFFER
  • SWIFT PAYOUTS
★★★★★
5 BTC + 150 FS
  • NO WAGER BONUS
  • RESPONSIBLE GAMBLING TOOLS
  • ACCEPTS TRON CURRENCY
★★★★★
1000 EUR + 300 FS
  • CURACAO LICENSE
  • GOOD GAME SELECTION
  • NICE DESIGN
★★★★★
500 EUR
  • DARK WEBSITE
  • OVER 9000 GAMES
  • RESPONSIBLE GAMBLING TOOLS
★★★★★
1000 EUR + 85 FS
  • NO WAGER BONUS
  • TRON ACCEPTED
  • SUPERB GAME LIBRARY
★★★★★
1000 EUR + 200 FS
  • COINS WHEEL
  • INTERACTIVE CHAT FOR PLAYERS
  • WEEKLY CASHBACK
★★★★★
100% BONUS
  • CRYPTO BONUS
  • ACCEPTS TRX
  • GREAT GREEN-BLACK DESIGN
★★★★★
1000 EUR + 150 FS
  • BIG GAME LIBRARY
  • CLEAR TERMS FOR BONUS
  • CONNECT CRYPTO WALLET
★★★★★
1000 USDT + 50 FS
  • NO DEPOSIT BONUS
  • LOYALTY CLUB
  • POINTS SHOP
★★★★★
2600 EUR + 260 FS
  • TRUSTED ONLINE CASINO
  • VPN FRIENDLY
  • CRYPTO CASINO ONLY
★★★★★
5 BTC + 325 FS
  • MANY CRYPTOS ACCEPTED
  • WELCOME CHEST
  • CURACAO LICENSE
★★★★★
2000 USDT
  • INTERACTIVE CHAT FOR PLAYERS
  • PLAYFUL DESIGN
  • UP TO 67% CASHBACK
★★★★★
15000 USDT
  • NO WITHDRAWAL LIMITS
  • CHAT FOR PLAYERS
  • TRUSTED OPERATOR
★★★★★
180% BONUS
  • NICE WELCOME BONUS
  • CURACAO LICENSE
  • SPORTS BETTING
★★★★★
5000 USDT + 200 FS
  • THE BIGGEST WELCOME BONUS AROUND
  • SELF EXCLUSION TOOLS
  • ACCEPTS TRON
★★★★★
475000 USDT + 140 FS
  • NICE PROMOTIONS
  • TRX CASINO
  • VIP PROGRAM
★★★★★
3500 EUR + 150 FS
  • GREAT VIP PROGRAM
  • HIGH ROLLER OFFER
  • DAILY RELOAD BONUS
★★★★★
3500 EUR + 150 FS

What are cryptocurrencies?

Cryptocurrencies are digitally created coins primarily designed to serve as an alternative method of online payment, a store of value and a means of exchange. The first cryptocurrency that came into existence is Bitcoin, after its enigmatic creator (or creators) under the alias ‘Satoshi Nakamoto’ released it to the public in January 2009. The core principle of their design is to decentralize monetary transactions, bypassing the traditional reliance on institutional banking and/or central authorities. This aspect allows for untraceable economic activity, fee reduction and complete anonymity. Cryptocurrencies operate by using an extensive computer network called ‘nodes’ as a medium of exchange, in which the currency is minted, traded and stored.

This node-network is technically a digital ledger that uses advanced cryptographic hash algorithms, hence the “crypto” in cryptocurrencies, to maintain user ownership records, control coin supply through minting/mining, and verify coin transfers between users. The real breakthrough that shook the world is that the nodes, aka the network, is operated by no other than the end users themselves and not some central authority. That means that they themselves become the authority of the network’s ever expanding the ‘blockchain’, and its integrity is verified and maintained by a number of advanced techniques solving the ‘double spending problem’, the most common being Proof of Work (PoW) and Proof of Stake (PoS). This means that, for the first time in history, we can have a financial system of the people, by the people and for the people.

About Tron Cryptocurrency (TRX)

Tron was founded in September 2017 by H.E. Justin Sun, a prominent “Forbes 30 under 30” entrepreneur .Its initial coin offering (ICO) was held on the Ethereum Network as an ERC-20 token before moving to Tron MainNet in May 2018. After just a few months, in July 2018, Tron Network acquired and integrated BitTorrent, a peer-to-peer content sharing platform and a pioneer in decentralized services with more than 100 million active users. In December 2021 the Tron Network achieved the status of Decentralized Autonomous Organization (DAO) and is now 100% community-governed! Since then, the Tron Ecosystem has grown exponentially, boasting over 170 million users and more than 6 billion transactions!

Why choose Tron (TRX) for my online transactions?

The Tron coin was designed specifically for the online entertainment industry. Its purpose is to give power back to content creators by eliminating intermediaries, facilitate gaming purchases and online gambling deposits. For this reason, Tron requires no gas fees for its transactions! For example, the gas in the Ethereum Network is so high that makes it a highly dubious form of payment in online gaming. Tron not only eliminated gas fees, but they built one of the fastest networks around which can support 2.000 transactions per second.

Why is that important? Ethereum, for example, can support only 30 transactions per second. Bitcoin is even slower, supporting only 7 transactions per second. And these are not your personal transactions – those numbers are for the whole world and the sum of concurrent network users! That means that by using Tron (TRX) for your online deposits, you will never have to wait for your deposit to be completed, nor will you lose money on needless charges just to move your money around. Transaction time is expected to grow into a huge problem as cryptocurrencies gain wide acceptance and usage, therefore it is an important factor to consider when opting for a network. Below we present some facts about well-known cryptos and their respected network’s transaction handling capacity.

Tron (TRX) : 2.000 transactions/second
Bitcoin (BTC) : 7 transactions/second
Ethereum (Eth) : 30 transactions/second
Litecoin (LTC) : 56 transactions/second
Tether (USDT): 1500 transactions/second…because it uses TRON (TRX) blockchain!

Tron Gas Fees : 0 dollars/TRX

Tron in the online casino industry

Online Casinos are usually very fast to implement innovative changes and ride the tide of new technological breakthroughs. As such, cryptocurrencies as a form of payment method are part of any Online Casino that respects itself. Given the great number of advantages the Tron (TRX) cryptocurrency holds, an increasing number of online Casinos accept it as a form of payment for lightning fast and anonymous transactions. You might ask, ‘There are so many cryptos out there I can use to make a deposit…Why should i choose TRX? Does it even make a difference?’. Yes, it does make a difference. The reason behind this is that before you can make a Casino deposit with crypto, you have to buy it first from an exchanger! This is exactly why Tron (TRX) is your best choice! Tron (TRX) was specifically designed for the online entertainment industry, thus eliminating useless waiting times, delays and extra transaction fees that other cryptos have.

This happens because most cryptocurrencies, unlike Tron (TRX) were designed to replace fiat currencies as a means of exchange, or store of wealth. Other cryptos were designed to compete with online transaction handlers, credit cards, debit cards, pre-paid cards, finance providers- you name it. Tron is all about the online industry and eliminating all those intermediary blood-sucking, money-siphoning banking agents, giving power back to content creators, online merchants and customers. Now, the advantages of using Tron for your online deposits don’t end here, because the Casinos in our website list provide exquisite Welcome Bonuses if the first deposit is made in cryptocurrencies. A typical Crypto Welcome Bonus provides bonuses in the form of free spins, or matching-up to a certain percentage of the amount of deposited money. So, by using Tron (TRX) for your Casino deposits, you can have all the benefits that cryptocurrencies offer and also a claim a nice boost to prolong your fun!

How to buy Tron (TRX)

1. Choose a crypto exchange

If you want to buy TRX, you will need to use a cryptocurrency exchange. These exchanges are websites or applications and serve as gateways into crypto markets. There are numerous exchanges to choose from, but make sure the one you use offers the option to buy Tron (TRX). A simple google search will surely allow you to find an exchanger, or you can visit a well-known exchanger like Binance, Kraken, Kucoin or Huobi.

2. Choose a payment method

Next in line is choosing your method of payment. You will need to fund your account first before you can buy any Tron (TRX). After selecting your preferred method, check if any fees apply. There is usually a wide variety of accepted payments, with the cheapest usually being the direct bank transfer.

3. Place an order

After completing the previous steps, you will need to enter the amount of TRX you would like to buy. Placing a successful order will change the balance on your account and TRX currency will be available for you to use.

4. Choose a storage method

Cryptocurrencies need a medium to be stored in. Most exchanges offer the option to store your cryptocurrency in them, as they come with an integrated “hot wallet”. Why are these called “hot wallets”? A hot wallet is when you store your private and public key in the integrated wallet online. It is exactly for this reason they are called “hot”, because they are online can be targeted by hackers, scammers and phishing attacks. Now, if you are taking all the necessary precautions for your online safety, such as using long and complicated passwords and avoid replying to suspicious and iffy messages and e-mails, you should be safe. The alternative storage method is a “cold wallet”, a physical device (hard drive, USB stick) with the appropriate software to hold cryptocurrencies, where your public and private key are in your possession and not online. The only problem is, if you lose the device and/or forget your keys, there is no way for you to claim them back. So, you are advised to choose carefully between the two, as each has its own pros and cons.

To sum it up:

Hot Wallets: Online storage integrated into exchanges, keys can be retrieved, susceptible to hacker attacks. This service is usually integrated in your exchanger account.

Cold Wallets: Physical storage (hard drives, USB sticks), keys cannot be retrieved if lost, susceptible to theft but safe from online hacks. You have to buy a compatible device, such as Trezor Wallet, or Ledger Nano X, and store them offline.

How to use Tron (TRX) to make a deposit in an Online Casino

After you have successfully bought and stored Tron (TRX) in your online wallet as explained in the above paragraph, you can then choose one of the online Casinos on our list and make a deposit using your newly bought TRX. This works pretty much like standard deposits, except you will not be paying in fiat currencies but in Tron! There are numerous advantages in using Tron for your online Casino deposits:

Faster Transactions

One of the greatest advantages of using Tron (TRX) for your Online Casino adventures is that transactions are instant. When depositing money with traditional methods, the bank needs to process the payment thus making you WAIT! In the case of wire transfer, both for depositing or withdrawing fiat money, this procedure can take several working days. This delay is removed when using Tron!

Minimal Fees

Banks oftentimes charge you for processing your payments, since this is part of their profit-making mechanism. With Tron you will get zero fees because no one is trying to make a profit on your transaction. Transactions are handled by the decentralized Tron network which is operated by its users! This is actually the exact reason Cryptos were created in the first place!

Anonymity and Data Protection

Another great feature of using cryptocurrencies is that transactions are anonymous. Anonymity means that your deposits and withdrawals don’t show up in your banking records but in your wallet, and you do not need to shareall your personal information with the Casino or your bank.

Gambling with Tron - Pros and Cons

Pros of Tron in online gambling

-> Blockchains are notoriously safe in the way they operate.
-> Anonymity. The only visible trace of your transaction is just your wallet address, which you can keep a secret.
-> Tron adoption by online Casinos is accelerating. Our guess is that it will be the number 1 cryptocurrency for online gaming very soon.
-> Lightning fast transaction rates compared to other cryptos (Bitcoin-Ethereum-Ripple-Monero)

Cons of Tron in online gambling

-> The only drawback that Tron has is that there are less Tron Casinos than Bitcoin Casinos. Why? It is because it is 5 years younger than Bitcoin.
-> Tron’s blockchain is more centralized due to using Delegates in its consensus mechanism. This has zero effect on your gaming experience.
It is just drawing the complaints of a few crypto-idealists who believe that cryptos should be as decentralized as possible.

What are Tron Casinos?

A Tron Casino is nothing more than an online gambling site that supports the use of the Tron (TRX) cryptocurrency for deposits and withdrawals. By allowing the use of Tron, it enables the players to participate in casino games and stake with TRX instead of fiat currency. Tron (TRX) is a young cryptocurrency when compared to Bitcoin, Ethereum and other common cryptos accepted online. This means that currently it is not as popular, but this situation is changing rapidly. Tron’s advantages are so many that most well-known Casinos have started to accept Tron (TRX) as a payment method, and this trend will only continue growing. It is safe to say that Tron will become the mainstream token for online gambling in the near future, but you do not need to wait! You can benefit from using Tron today!

Is it legal to use Tron in online Casinos?

Short answer: yes, it is. It is perfectly legal to use Tron (TRX) cryptocurrency for your deposits, as long as the Casino you chose holds a valid online license! On the other hand, if online gambling is not allowed in your country of origin, then by default you will not able to use Tron (TRX) Casinos too. As far as cryptos in general are concerned, they are a new concept. Therefore, the legal frame regulating the use of cryptos does not really exist but rather it is being developed. There are a few countries that may restrict crypto transactions by applying extra terms or requirements, but the vast majority of countries have no real laws concerning the use of cryptocurrencies!

Now, why would I choose a Tron Casino?

Most players who have been playing online for a while have faced a number of pretty common issues. The first is that most players don’t feel really comfortable about disclosing their transactions with their bank, as these records can interfere with taxation, or create other legal issues depending on the country. Another issue is having your deposit or withdrawal wire transfer frozen by the bank, or having to wait for long periods of time until your payment is processed. On the other hand, if you decide to circumvent this system by using Bitcoin or Ethereum, you suffer from low transaction rates and higher fees.

All these problems and shortcomings evaporate when one decides to use Tron (TRX).

Tron (TRX) is very adept at solving traditional banking and older cryptocurrency problems at the same time.

1) It is anonymous.
2) It is fast.
3) It has zero fees.

To clear things up, when we say that Tron is anonymous, we do not mean that your transactions do not appear anywhere. They do appear on the Tron Blockchain (one can check with Tronscan) but these transactions are not linked to the owner’s name, but their wallet address which is just a string of numbers and therefore fully anonymous! Hence, your transaction will appear on the blockchain but no one will know who sent it to whom. Neither your name appears somewhere, nor the Tron Casino you chose. This is a great way to keep your financial operation private from prying eyes and avoid unnecessary attention. Security wise, Tron uses the Delegated Proof of Stake consensus mechanism (DPoS). This particular mechanism offers lightning fast transaction rates – far greater than Bitcoin and Ethereum – and also protects against system hijacking of the peer-to-peer system through the use of Super Delegates. In fewer words, your Tron is and always will be safe in your wallet and for online use.

How to choose a Tron Casino?

Choosing the proper Casino can make all the difference in the world during your journey to online adventures. When picking a Casino, it is very important for it to hold a respected international license, such as a Curaçao Antillephone license or a Curaçao e-Gaming license. Licenses are extremely important because it means that the Casino complies to certain strict standards ranging from fair-gaming to KYC procedures. In order to obtain such a license, a third-party company ensures that the games inside the Casino are fair and that the ‘Return to Player’ (RTP) ratio is legitimate. As such, we strongly recommend to always check under which license a Casino operates before you decide to make a deposit. It can save you all the trouble in the world, especially in the unfortunate event of a dispute between yourself and the Casino. But fret not, because this is exactly why we have compiled our list with the best Tron Casinos you can choose from!

Tron (TRX) Metrics: Demand, Supply and Anti-inflation measures

Tron (TRX) has been in the top 10 Cryptocurrencies by Market Cap ever since its creation. It survived the trend collapse of the past few recent years, and has been stable ever since. The reason behind this is that Tron offers real services and a real product. Some people might think that Tron (TRX) is not a good cryptocurrency because it trades at a lower price that other cryptos, but this is wrong on so many different levels. There are many factors which affect the price of a certain service, commodity, and in this case, a cryptocurrency. The first and most important is the holy grail of modern economics, the Law of Demand and Supply.

On the ‘Demand’ side:

As Tron (TRX) grows, it is expected that its price will go up since more and more people will be using Tron. The more the community expands and more decentralized apps are built within the ecosystem, the more users Tron will have. More users equals more Tron based exchanges thus increasing the currency’s price. Now, for the second part, the ‘Supply’ side when TRX’s designer team decided on the original number of minted coins, they took into consideration the end usage of their coin. Since they aimed for a worldwide adoption of Tron for online exchanges, they deemed it wise to mint a large number of coins.

You can see above that Tron has a quite large pool of circulating coins, far greater than Bitcoin’s grand total of 21 million circulating coins. Since the supply is so great, you can imagine that the per-unit cost of Tron cannot be ultra high, or its total Market Cap would supersede the World Gross Domestic product! Hence, the ‘Supply’ side dictates that this huge amount of circulating supply will call for a lower price. But, there is an ingenious mechanism the Tron Network uses that ensures the currency will never lose value. This mechanism is called ‘coin-burn’ and it involves withdrawing tokens from circulation usually by sending them to an unusable wallet address. Tokens sent there are effectively deleted since they cannot be withdrawn, traded or tampered by any means possible. As counter-intuitive this might seem at first, this mechanism ensures stability, spam prevention and price increase. If you are interested in other technical aspects of cryptocurrencies, read below.

A quick summary before the technical details

Cryptocurrencies are a truly rebellious concept. What started as little ripples in the pond of global history is slowly turning into a tsunami of apocalyptic proportions. For the first time since ancient times, people have the option to bypass central authorities and use a tender which they create, store and exchange between themselves, inside a secure and scam-proof network they themselves operate! Despite being an emerging technology, cryptocurrencies have already found their place in the financial system, with more applications to come in the near future. One cannot deny though that anonymity, reduced fees, security and lightning fast transactions are four dreamy words for the online casino adventurers. As Gandalf would say, ‘Four words to rule them all, one coin to find them, one Tron to bring them all, and in your pocket bind them’.

A brief history of cryptocurrencies

The advent of cryptocurrencies coincides with the major economic meltdown of the Great Recession that shook the world in 2007-2008. The massive collapse of banks and centralized hedge funds due to speculation in shady financial derivatives created a deep fear for institutionalized banking. Amidsts that crisis, an individual (or a group of people) under the alias ‘Satoshi Nakamoto’ introduced Bitcoin and transformed the long held societal perception of the conventional financial system. A new technology appeared, called the ‘Blockchain’, which provided with a new means for transparent universal ledgering. Online transactions have always had issues that needed solving, namely the ‘double spending problem’ as mentioned earlier. As traditional computer information allows for the creation of digital identical copies, it was really difficult to ensure that funds, when transacted, were not just ‘copy-pasted’ into other accounts. Bitcoin solved that by introducing the ‘Proof of Work’ consensus mechanism, thus preventing currency duplications and solving the ‘double spending problem’.

Thus we witnessed for the first time the creation of a decentralized currency that is not governed by some public institution or government. There were still problems though. Bitcoin can only act as a traditional currency: as a means of exchanging commodities and services, a store of wealth, a measure of value, or a standard of deferred payment. In late 2013 a new cryptocurrency emerged under Vitalik Buterin, and it’s no other than Ethereum. What Ethereum brought into the table is ‘smart contracts’ and a Turing-complete Ethereum Virtual machine (EVM). These breaktrhoughs allowed for developers to interact with the network through decentralized applications without the need for a human intermediary, thus the ‘smart’ in ‘smart contracts’. But there was another problem tormenting Ethereum. Scalability and transaction times. As transaction volumes reached an all time high in 2017, during the cryptocurrency boom, the low transaction times and exceptionally high fees made these cryptocurrencies unfit for widespread adoption. This is were Tron (TRX) comes into play. Tron was founded as an answer for these problems: Scalability and transaction times.

A brief history of Tron (TRX)

July 2017 : Tron Foundation is established in Singapore by Justin Sun, Jack Ma’s protégé.
December 2017 : Tron Launches its open source protocol.
March 2018 : Tron launches Testnet, Blockchain Explorer and Web Wallet.
May 2018 : Tron launches MainNet / Odyssey 2.0
June 2018 : Official birthday of Tron, Creation of the Genesis Block.
July 2018 : Tron acquires BitTorrent.
October 2018 : Tron launches TRON Virtual MAchine (TVM), Developer toolset, 360 degree support.
December 2018 : Decentralized application on Tron with more than 100+ million transactions.
Early 2019 : Tron launches Project Atlas, combining BitTorrent’s 100 million users with the Tron NetWork,
thus creating the world’s biggest decentralized application.’.

Cryptocurrency Terminology for the uninitiated

In this section we will provide you with some useful information regarding Tron and cryptocurrencies in general, without getting too technical or providing useless information.

Address/Wallet

Any Tron Network user holds their own personal address or wallet. This consists of account credentials on the Tron network
and are generated by a key pair, which consists of a private key and a public key. These keys are interconnected through advanced
cryptographic algoriths, since the public key is derived from the private key. In most cases, the public key is used for session encryption,
signature verification and data encryption.

Block and Blockchain

The blocks keep digital records of transactions, whereas the addition of new blocks upon the old creates the blockchain. A complete block consists of the block identifier (called ‘magic number’), block size, block header, transaction counter and transaction data.

Block Header

Block headers are the starting point of a new block and they always contain the previous block’s cryptographic hash function, the Merkle root (a mechanism that makes sure data blocks passed between peers are whole, undamaged, and unaltered), a timestamp, version
and witness address.

Decantralized Application (DApp)

Smart contracts allow for application that operated without a centrally trusted party. These decentralized applications technically allow for direct interactions/communications and agreements between end users without needing a middleman.

Scalability

Scalability is the ability of a system, network or process to handle an increasing amount of work, or has the potential to be sufficiently enlarged to accomodate for that extra work. Tron Network has been designed with Scalability as a central feature of its Network.

TRC-10

This is a standard of crypto Token on the Tron Platform. That means that when new cryptocurrencies are created on the Tron Platform, they need to conform to that standard. As such, when an Initial Coin Offering (ICO) is held on Tron Blockchain, certain rules and interfaces are required to be followed.

TRX

TRX stand from Tronix, the official crypto of the Tron MainNet. You can find Tron on exchangers registered as TRX.

Tron (TRX) Coin Architecture

Tron uses three-layers in its architecture. These layers are 1) Core Layer 2) Storage Layer and 3) Application Layer. The Tron protocol also supports multi-language extensions as it adheres to Google Protocol Buffers (Protobuf).

Core Layer

The core layer hosts several important modules such as smart contracts, account management and the consensus mechanism. The Core Layer also implements a stack-based virtual machine (TVM) using optimized instruction sets. The smart contracts are written in Solidity Language with the possibility of supporting more advanced languages in the future. Tron is using an innovative consensus mechanism called Delegated Proof of Stake (DPoS) which we will analyze in a different paragraph.

Storage Layer

The problems arising in the real world from diversified data storage led to the development of the ‘graph database’ notion. For this reason, Tron designed a multi-layered distributed storage protocol which consists of State Storage and Block Storage.

Application Layer

The usage of smart contracts literally allows the creation and distribution of decentralized utility applications of unlimited potential.

Tron Virtual Machine (TVM)

Tron Virtual Machine (TVM) is the natively developed, lightweight virtual machine for Tron’s network and ecosystem. This is what enables the execution of smart contracts as it connects with the existing ecosystem to provide with a custom-built blockchain system that is stable, scalable and secure.

When Bitcoin and Ethereum fell short, Tron rose. Why it all happened.

The advent of cryptocurrencies coincides with the major economic meltdown of the Great Recession that shook the world in 2007-2008. The massive collapse of banks and centralized hedge funds due to speculation in shady financial derivatives created a deep fear for institutionalized banking. Amidst that crisis, an individual (or a group of people) under the alias ‘Satoshi Nakamoto’ introduced Bitcoin and transformed the long held societal perception of the conventional financial system. A new technology appeared, called the ‘Blockchain’, which provided with a new means for transparent universal ledgering.

Online transactions have always had issues that needed solving, namely the ‘double spending problem’ as mentioned earlier. As traditional computer information allows for the creation of digital identical copies, it was really difficult to ensure that funds, when transacted, were not just ‘copy-pasted’ into other accounts. Bitcoin solved that by introducing the ‘Proof of Work’ consensus mechanism, thus preventing currency duplications and solving the ‘double spending problem’. Thus we witnessed for the first time the creation of a decentralized currency that is not governed by some public institution or government. There were still problems though. Bitcoin can only act as a traditional currency: as a means of exchanging commodities and services, a store of wealth, a measure of value, or a standard of deferred payment.

In late 2013 a new cryptocurrency emerged under Vitalik Buterin, and it’s no other than Ethereum. What Ethereum brought into the table is ‘smart contracts’ and a Turing-complete Ethereum Virtual machine (EVM). These breakthroughs allowed for developers to interact with the network through decentralized applications without the need for a human intermediary, thus the ‘smart’ in ‘smart contracts’. But there was another problem tormenting Ethereum. Scalability and transaction times. As transaction volumes reached an all time high in 2017, during the cryptocurrency boom, the low transaction times and exceptionally high fees made these cryptocurrencies unfit for widespread adoption. This is were Tron (TRX) comes into play. Tron was founded as an answer for these problems: Scalability and transaction times.

Consensus Mechanism - (Bitcoin) Proof of Work vs (Tron) Delegated Proof of Stake (DPoS)

The first consensus mechanism ever created was Bitcoin’s Proof of Work (PoW). Proof of Work systems work by broadcasting transactions through the network, which are then grouped together to form nascent blocks for miner confirmation. The confirmation process then begins were transactions are hashed using cryptographic hashing algorithms until a Merkle tree has been formed after reaching a Merkle root.

The aforementioned cryptographic hashing algorithms possess several important properties vital for network attack preventions. It goes beyond the scope of this article to go into details, but let’s just say that it is only possible to create one function given an input (preimage resistance) or the probability of finding two different inputs hashing to the same output is near zero (collision resistance). Cryptographic algorithms are also ‘deterministic’, meaning that each input is mapped to one and only output. It is because of these properties we kept stressing how safe cryptocurrencies are in the previous paragraphs.

Upon confirmation of a block by miners, they get rewarded tokens, which is the built-in incentive to allure miners into participating to the network. As cryptocurrency market capitalization increased and Bitcoin’s value exploded, the miners focused their computing resources on hoarding tokens rather than network participation. This behaviour dramatically increased the price of GPUs and microchips meant for ASICs
(Application Specific Integrated Circuits), especially since the miners moved away from CPU mining, as well as exponentially increased the total power usage in Bitcoin mining to a staggering 127 terawatt-hours per year – a consumption higher than Norway’s!

It should also be noted that bitcoin-token rewards for mining are halved every four years. This means that for the same energy consumption miners will reap half the benefits, or, that you will need to double the work done for the same reward. It is needless to say that this practice is unsustainable on all levels and that Bitcoin mining would soon grow to be an environmental disaster.

For all these reasons, a new consensus mechanism was born – Proof of Stake (PoS).

Proof of Stake networks replace traditional mining and work by employing block validators. A validator is a token holder who has locked their token balance and they take turns proposing and voting on the next block. Another problem arises though with standard Proof of Stake systems, The influence each validator enjoys is correlated to the amount of locked up tokens. In simple words, accounts with sufficiently large funds can hoard large amounts of the network, which in turn means they yield greater influence in the network ecosystem.

Tron (TRX) then innovated by creating the Delegated Proof of Stake system.

In Delegated Proof of Stake, only 27 Super Representatives (SR) produce blocks for the network. A vote for Super Representatives is initiated every 6 hours, and whoever has frozen their accounts are eligible for selection. SR’s accounts are not special, they are just normal accounts. Only through the accumulation of votes are they allowed to produce blocks and earn rewards. It is exactly because of the usage of Delegated Proof of Stake why Tron has such high transaction rates compared to other cryptocurrencies! The Tron network produces blocks lightning fast; one every three seconds! Each block rewards SR’s with 32 TRX tokens, which amount to an annual total of 336,384,000 TRX to 27 SR’s. These rewards can be transferred or withdrawn once per 24 hours.

For those who are still hungry for more!

If you have the insatiable need to learn more, we highly recommend to check Tron’s official website and have a look at their publications and white papers. There is always something new cooking with these guys! Also, if you want to always be the first to know, you could follow Tron Foundation on Facebook, Instagram, Telegram and Twitter. We hope you had as much fun reading this article, as we had writing it! GO TEAM TRON!

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