Mining TRON is not possible because they use TPOS. So In this article, We will discuss Tron (TRX) and DPOS consensus algorithm.
Blockchain Technology has enabled a decentralized internet where anyone can issue digital assets under the protection of this technology. Purpose of this system is to collaborate on digital assets and distribute profits on the grand scale.
What is TRON
Tron is a decentralized platform which aims to build a decentralized internet by using the peer-to-peer network to allow free storage and cost-effective sharing of digital content.
Tron is creating the largest blockchain-based operating systems in the world.
- Firstly, Tron is highly scalable. It has improved TPS in tron, handles 2,000 transactions per second which are far ahead from leading currencies such as Ethereum and Bitcoin.
- Secondly, Tron is Highly Scalable. Tron uses highly effective smart contracts and supports an enormous number of users which enables wide variety ways to be deployed in TRON.
- Lastly, More reliable network structure, user asset, intrinsic value and a higher degree of decentralization.
- Finally, Improved reward distribution.
In addition, the Current Market Capital of Tron is $2.432 Billion USD, Price – $0.024, and Global Rank – 13.
Why can Tron not be mined?
Tron uses Delegated Proof-of-stake algorithm if you are new to Bitcoin then you must have listened about these consensus algorithms such as Proof-of-importance, proof-of-stake, and proof-of-work. What is proof-of-stake, Proof-of-work is the official algorithm used by Bitcoin. It is based on the solving of computationally intensive puzzles and providing rewards for using computational power known as mining. It was realized that mining is just a waste of energy and result of halving will be centralization in future or using own mining equipment to run a token. Additionally, we have to build a system which should be capable of 100,000 per second. To include all requirements proof-of-stake was developed by Dan Larimerwhich was named as Delegated Proof of Stake, or DPOS in 2014. Furthermore, Proof-of-stake is a better consensus or a distributed consensus which is highly scalable and reliable.
Read more about Proof-of-Stake
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