When it comes to cryptocurrencies, Tron may not be the first name that springs to mind. Whereas the likes of Bitcoin is widely known, and even widely accepted, Tron is a third-generation blockchain. With Bitcoin, many fear that they have missed the boat. With prices hitting record highs in 2021, getting in on Bitcoin isn’t quite as easy as it used to be. With Tron, there is still the opportunity to get in and ride the wave.
If Tron is a crypto that you want to explore then you are going to need to know how to get started. We’re going to take a look at what Tron actually is and how you can start to invest in the crypto right now. By the time you reach the end of this article, you’ll be good to go.
What is Tron?
When looking at cryptocurrencies, they all have their own unique workings that make them stand out from the crowd. Tron is a relative newcomer, having launched in 2018, but in a short space of time, it has already carved out a niche for itself and shown itself as being something a little special.
Tron is described as having a three-layer architecture. This sees a first layer that is for storage which manages how data is recorded and how it can be retrieved. After this, there is the core. Here the functionality of Tron is controlled. Finally, there is the application layer which allows developers to create their own apps and smart contracts.
The practical uses for Tron
Reading any crypto casino blog will show how popular crypto is at casinos right now. The main crypto that you will see being accepted is Bitcoin. There are plenty of benefits to using Bitcoin at a casino and as more people are realising this, the more popular Bitcoin casinos are becoming.
When it comes to Tron, its use is a little different. It isn’t there to be used in the same way as Bitcoin and is not really set up as a competitor to Bitcoin. Instead, Tron is there to empower artists and creators across the world. Does that mean that Tron can never be used at an online casino the same way that Bitcoin is? That remains to be seen.
Now you know what Tron is and how it can be used, you’re going to need to know how to get started. Before you get too far, you first need to make a decision – how do you want to join? The most direct way allows you to do this really simply: all you have to do is buy and keep hold of Tronix (TRX) tokens. As soon as your wallet holds tokens you are then able to participate. This sees you being able to suggest changes to the protocol as well as being able to cast votes for Super Representatives.
If you want to be a little more involved rather than just holding Tronix, you’ll need to have more of a creative side and join as a developer. Tron has a reputation as being the friendliest blockchain in terms of how it treats developers.
A Tron wallet
As with all other cryptocurrencies, to hold TRX you will need a wallet. By visiting the Tron website you will find a page dedicated to suitable wallets and you’ll find that setting one up is quick and painless. You will find that there are wallets dedicated just to Tron. There are others that allow you to hold. TRX alongside other cryptos as well. All of the options presented are safe and reliable and can use used with confidence.
With your wallet set and your TRX purchased you are at the start of your Tron journey.