Tron TRX continues to shake the ground in the cryptocurrency sector. It has taken on the role of setting the pace for developments, particularly in the internet sector. Tron is working diligently for the decentralization of the Internet and using a structure in which everyone benefits from this important resource.
After the launch of its mainnet in May 2018, the Tron community has had a myriad of developments, launches and partnerships that not only speak but also celebrate. C & # 39 was the Day of Independence and the token migration that started in June and the highly anticipated Tron Virtual Machine (TVM) testnet in July. In the same month, Tron Foundation announced the acquisition of BitTorrent; one of the largest Peer-to-Peer file sharing platforms in the world with over 100 million active users.
Significantly, CoinPayments has announced the effective integration of Tron (TRX) on its payment processing platform. The platform currently supports payments for more than 895 altcoins including Bitcoin (BTC) and Litecoin (LTC). Tron (TRX) will now be available as an option for merchants who accept TRX in their stores.
CoinPayments is a platform that is working to provide simpler payment solutions to merchants wishing to accept cryptocurrency payments. The platform based on its website supports GAP600 instant confirmations that make Bitcoin payments much faster than before. Merchants can also use web shopping plug-ins provided by CoinPayments. The registration and installation process has been simplified and can be added to the new or pre-existing checkout of the merchant.
Vault services are also provided on the platform where customers' coins are protected before being spent. Significantly, mobile applications make the whole process a lot simpler as merchants can easily access their accounts, accept payments in person and cover digital resources anywhere in the world. The mobile application is supported on both Android and iOS. In addition to this, traders in the United States and Europe have the ability to settle legal payments directly on their bank accounts. The Point of Sale (PoS) service has a simplified interface for in-person transactions.
Following the integration of Tron with the CoinPayments payment processing platform, TRX is now accessible to over 2.2 million distributors in 182 countries. As mentioned, "CoinPayments is the first and largest payment processor of over 895 cryptocurrencies."
How does Tron (TRX) work?
The Tron network is built using a set of consent mechanisms that allow at least 2,000 transactions per second (TPS). Furthermore, the protocol is not only reliable, but also processes transactions at a minimal cost. It uses point-to-point transactions to ensure that traditional centralized settlement facilities are avoided. The network is able to support users, developers, service providers and maintain its authenticity and information credit compliance.
The official launch of Tron Virtual Machine (TVM) is August 30th. This platform will allow developers to create decentralized applications (dApps) using the multiple programming languages that will be supported.
Tron is currently trading at $ 0.0207 after a 3.83% growth in the last 24 hours. It has recently moved from the top 10 to encryption by market capitalization and is currently the largest digital asset of . Tron has a market capitalization of $ 1.3 billion with a total supply of 90 billion tokens, while only 65,748,645 TRON TRXs are currently in circulation.