What Is Tron (TRX) and Why Is It Used as a Payment Method?

TRON (TRX) is a smart contract and decentralized apps blockchain platform that has become widely known within the crypto world as DApps. The native currency of TRON, TRX, has an integral part to play in the functioning of the TRON ecosystem and acts as the governance building block on the network. TRX is also highly extensively used as an exchange medium in other transactions across the TRON network from receiving payments between wallets to settling up for gas prices, accessing apps, and even staking as a reward where one receives more tokens.

In this article, we will explain the reasons why we have added TRON (TRX) as a payment method on our advertising platform, its benefits, and use in transactions between publishers and advertisers.

Fast and Low-Cost Transactions:

Tron is known as one of the fastest blockchains in the crypto space. This speed is a major advantage for publishers using our ad network, when they request a withdrawal of their earnings, they won’t have to wait hours or even days like with other crypto networks. Instead, their TRX tokens are typically reflected in their wallets within just a few minutes.

Unlike networks like Ethereum, the Tron blockchain offers extremely low GAS fees. Withdrawal fees start at just 1.1 TRX for wallets that haven’t received any deposits yet which is less than $0.30 USD. This low cost adds real value for publishers, as most of the revenue earned from their websites stays in their pockets rather than going to payment network fees. Tron is also ideal for microtransactions thanks to its low fees. Publishers can withdraw earnings with as little as $1 in their balance, making our ad network one of the most accessible platforms with one of the lowest minimum payout thresholds in the industry.

Network Scalability:

Tron’s blockchain is also well-known for its high transaction throughput, often referred to as TPS (transactions per second), making it an ideal network for running smart contracts and handling a large volume of micropayments. This scalability is especially valuable for our advertising platform, as it allows us to send small payments multiple times a day to hundreds or even thousands of publishers within our ad ecosystem.

Global Accessibility:

Cryptocurrencies have the advantage of being accessible worldwide where transactions are made immediately regardless of the publisher's physical location. Publishers in our ad network with TRX need not worry about being distant on the other side of the world, they can receive their payment promptly, wherever they are situated. They then exchange their TRX into local currency either using a centralized or decentralized exchange at their discretion.

Low Barrier to Entry for Advertisers:

With Tron's low transaction fees, advertisers can initiate ad campaigns with low budgets, allowing them to test performance while risking little to no money. TRX and other cryptocurrencies facilitate the process of carrying out small-scale tests for marketing with instant deposits and funding. In case an advertiser accidentally deposits more funds than required, our ad network allows them the flexibility to withdraw the excess amount immediately without any hassle.

If you're an advertiser and happened to put in more money than necessary, don't panic. Our site allows you to withdraw your current balance at any time you wish, without the need to wait for days or weeks like with traditional payment methods. Simply log into your account, go to the balance page, and request a withdrawal to your own wallet address. Our withdrawal system will expedite your request as soon as possible so that you can withdraw the extra money right away.

The Technology Behind TRX:

TRON operates on a public blockchain similar to other cryptocurrencies like Bitcoin and Ethereum but much more efficiently and with improved performance. It has a scalable network that is fast and cheap. Unlike Ethereum, which has been problematic when demand is high, TRON is built to handle a large number of transactions per second (TPS).

The TRON blockchain uses a consensus mechanism called Delegated Proof of Stake (DPoS), the expanded version of the traditional Proof of Stake (PoS). Within the DPoS network::

Super Representatives (SRs): They are the network validators elected by TRX holders through a voting system. SRs are responsible for validating transactions and producing new blocks.
User Voting: TRX holders can vote for their preferred Super Representatives (SRs), giving them a say in the network’s governance and decision-making process.
This mechanism is more efficient than Proof of Work (PoW) or traditional Proof of Stake (PoS), as it requires far less computational power and enables much faster and more cost-effective transaction processing.

Tron makes it easy to create self-executing contracts smart contracts that can be used to deploy on the Tron blockchain and run without a middleman or trigger. Users can utilize the smart contracts to create tokens, assign value to their tokens in apps, and deploy them as working units or even representations of the whole project.