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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.
Delegated POS-
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
Transaction per second -2000
Block Production- 3 seconds
Number of validators- 27
Average fee per transaction- Free
TRXUSD prices surged more than 60% from Aug low of $0.07699.It hit a high of $0.1132 and is currently trading around $0.1055. The pair holds well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $0.13, any indicative breach above will take the pair to $0.17795/$0.20. On the lower side, immediate support is $0.0950, and any violation below targets $0.0875/0.0800.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Neutral
It is good to buy on dips around $0.0870 with SL around $0.0780 for TP of $0.20
