Is TRX an ERC20 token?

The ERC20-based TRX issued by Ethereum has been migrated to TRON’s MainNet from June 21-25, 2018, Beijing time. If investors have missed the migration announcement and therefore missed the migration period, they can exchange TRON MainNet tokens at exchanges that permanently support TRX migration.

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What blockchain is TRX on?

What is Tron Crypto Used For? TRX crypto powers programs that run on the Tron blockchain . The concept is similar to that of Ethereum, where the Ether (ETH) token powers programs on the Ethereum blockchain. The TRX currency is used to power programs running on the Tron network.

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How is Tron coin created?

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.

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