What is Tron (TRX)

Tron is one of the largest decentralised blockchain networks founded by Justin Sun in 2017. Tron provides digital creators with a platform to sell their content directly without involving a middleman. It operates on Proof-of-stake consensus and supports the building of Dapps. Tronix, or TRX, is the native currency of Tron that controls the entire ecosystem. The primary thing to know about Tron (TRX) is that there are no transaction fees on the network, and it can support around 2000 transactions per second, paving the way for higher scalability.

How does TRX work?

Tron uses a set of multiple cryptographic algorithms to level up the security of blockchain. Its architecture is combined with three layers the Storage layer, the Core layer, and the Application layer. Each layer is designed to serve a specific purpose. This architecture supports the network to boost the Tron ecosystem's speed, resulting in 2000 TPS.

Tron consensus mechanism uses Delegated Proof of stake. Only 27 representatives can validate and produce the block for Tron; these representatives are called Super Representatives (SRs); every 6 hours, TRX account holders vote for new SRs based on several services and projects they provide. These top 27 candidates are rewarded with 32 Tron with the production of every new block.

How to Buy Tron (TRX) in India?

There are many platforms where you can invest and trade TRX in India. One such platform is Flitpay. To buy TRX in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Through the linked bank account, deposit the amount of which you want to buy TRX and execute the TRX purchase.

You can instantly convert your INR to TRX and TRX to INR and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

FAQ

What is Tron (TRX)?

Tronix or TRX is a native cryptocurrency of Tron blockchain technology. It works on smart contract technology and a Delegated Proof-of-Stake consensus algorithm.

How to buy TRX in India?

To buy Tron (TRX) at real-time prices in India, sign-up to the Flitpay app or web and follow the below-mentioned steps:

1. Click on the Quick/buy-sell option on the App or Trade Quick Buy/Sell on the web.

2. Select Tron from the list on the app or the drop-down if using the web.

3. Enter the amount you want to buy Tron on the app and click Buy.

4. On the web, enter the amount in the order book and click Buy.

Benefits to buying Tron?

The main benefit of buying a Tron or TRX is that the Tron network transaction is free of cost and the transaction speed is swift, supporting 2000 transactions/second followed by the growing investors and prices with the limited supply.

Can I buy Tron (TRX) directly at Flitpay?

Yes, You can buy TRX instantly at Flitpay with a minimum of INR 100.

Which is the best platform to buy TRX in India?

The best platform to buy Tron (TRX) or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and withdrawals with a minimum deposit and withdrawal limit of INR 100.