Updated – 22nd November 2024
TRON is a decentralized platform that focuses on content sharing and entertainment, including simple distributed file sharing. It allows content creators to launch their own tokens, drives content creation through incentivization, and decentralizes the gaming sector.
Being one of the most popular blockchains for building Decentralized Applications (DApps), TRON has positioned itself as an ecosystem where users and content creators can directly interact with each other.
TRON’s Price in India has seen a massive jump since last year. As of 5 January 2022, 1 TRON’s price in India is nearly ₹6.1027. Seeing the favourable market trends, digitization of the decentralized entertainment industry, and the growing popularity of DApps, there are strong indications that the TRON price in India will go even higher.
What is TRON?
TRON is a blockchain-powered OS (Operating System) that seeks to ensure that decentralized technology is suitable for everyday use. It’s a highly scalable blockchain too. Take the TPS (Transactions Per Second) metric – Bitcoin can handle up to 6 transactions per second and Ethereum up to 25 TPS. But TRON claims to handle up to 2,000 TPS.
TRON allows content creators to directly connect with their audiences by eliminating centralized platforms, including streaming services, music sites, or app stores, with the hope that creators don’t end up losing much of their earnings in middlemen commission.
This, in turn, makes the content inexpensive and accessible for consumers, benefiting both parties in the process. Given the increasing digitization of the entertainment sector, TRON could make a significant difference. Applying blockchain technology to such an industry can be seen in the future.
How Does TRON work?
Similar to EOS, users on the TRON network need to gain resources to interact or transact with smart contracts. The resources are categorized into four types on the network: CPU, bandwidth, RAM, and storage. Users on TRON need to freeze their TRX to get energy and bandwidth.
Like most other smart contract platforms, TRON utilizes its own virtual machine – TRON Virtual Machine (TVM). The TRON network is secured by a DPoS (Delegated Proof of Stake) consensus mechanism.
How to Invest in TRON?
When looking to invest in TRON, you have the option of purchasing it from one of the various crypto trading platforms available in India. First and foremost, you need an account on a reputed crypto exchange, like WazirX.
WazirX, with its market-leading liquidity and powerful trade engine, delivers the latest value for TRON and other cryptocurrencies available in the crypto market, thus giving investors essential data about the growth, rates, and fall of value.
How to Buy and Sell TRON in India
The TRON cryptocurrency can be traded in India seamlessly by using any one of the several platforms that offer TRON purchasing and selling as a service. You can begin by registering at a crypto exchange platform that offers the buying and selling of cryptocurrency, including TRON.
WazirX is one of the best cryptocurrency exchange platforms in India. With the help of its latest QuickBuy feature, you can easily begin investing in TRON and other cryptocurrencies for as low as Rs 100 in less than a minute.
Is TRON Legal in India?
Right now, anyone can buy or sell cryptocurrencies such as TRON in India since they are not illegal. However, you may want to note that TRON and other cryptocurrencies are unregulated in India. India is currently on the verge of establishing a cryptocurrency regulatory body to oversee and cultivate the growth of the crypto sector in the country.
