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 - EconoTimes)
TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.
Tron Architecture-
TRON adopts a three-layer architecture
Core layer - Major modules are smart contract, account management, and consensus module
Storage layer- The Tron team has designed a unique distributed storage protocol consisting of Block storage and State storage
Application layer- It helps developers for the creation Dapps and customized wallets.
The TRON uses an innovative DPOS system in which 27 Super Representatives (SRs) produce blocks for the network. Voters may choose SRs based on criteria such as projects sponsored by SRs to increase TRX adoption and rewards distributed to voters.
Main features of TRON
Block Production- 3 seconds
Number of validators- 27
Average fee per transaction- Free
Tron Q3 update-
Tron Stablecoin ecosystem has generated revenues of $566 million during Q3 exceeding Ethereum and Solana.
Tron holds a market share of 34.8% of the stablecoin.
Tron currently has nearly 90 million long-term holder addresses an increase of 237% in the past year.
Transaction Per Second (TPS) -
The Tron blockchain can process 85 Transaction Per Second (TPS), outpacing its competitor BTC (7 TPS), ETH (14 TPS) and Polygon (30 TPS).
TRXUSD prices surged more than 6% this month. It hit a high of $0.1609 and currently trading around $0.1595. The pair is holding well above the short-term (34 and 55-day EMA) and long-term hull moving average (365-day EMA).
The near-term resistance is around $0.1690, any indicative breach above will take the pair to $0.17795/$0.20/$0.25. On the lower side, immediate support is $0.1100, and any violation below targets $0.00950/$0.0875/0.0800.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $0.1450 with SL around $0.110 for TP of $0.20
