Is Tron Coin Legit or a Scam? Many people have said that TRON is a scam. It all started in January 2018 when the project was accused of plagiarizing other protocols' white papers in order to write its own. Despite all the controversy, the TRON network is proving to be legitimate and strong.Nov 16, 2021
What is Tron and how does it work?
Tron works on a delegated proof-of-stake consensus mechanism. In this system, transactions are validated by 27 super representatives that are entrusted to maintain the transaction history. Super representatives are chosen every six hours, and earn TRX coin generated by the mechanism as a reward for their services.
Is Tron a good investment 2020?
According to them, TRON is an excellent cryptocurrency with great potential. As the adoption rate increases, the price of TRX will rise.Oct 29, 2021
Is it worth to invest in Tron?
For long term investment, I suggest not to invest in Tron. It is not a value cryptocurrency. But Tron has a large price fluctuations, if you are good at analyse, you can make a short term investment in Tron. The founder of TRON has a team to control the price of Tron.
Is Tron safe to invest in?
The price movement for Tron has been very volatile which makes it a very risky investment. Tron has made to the top 10 cryptocurrencies in the first few days of 2018. ... But investors should be aware that the top 10 cryptocurrencies list is changing rapidly due to this cryptocurrency revolution.Aug 17, 2021
What is Tron used for?
Tron is a blockchain-based digital platform that primarily hosts entertainment applications. It has its own in-house cryptocurrency, called Tronix or TRX.
How does Tron make money?
Rewards. You can earn passive income by participating in the Tron network using the voting system. The current annual yield on Tron is around 7%, minus the Super Representatives' fees. The rewards you'll receive will depend on the SR you vote for.