What is TRON?
TRON is a groundbreaking and ambitious project aimed at creating a fully decentralized Internet and supporting infrastructure, revolutionizing the way digital content is shared and managed. As one of the largest blockchain-based operating systems globally, the TRON protocol offers an ecosystem with high throughput, scalability, and availability, making it an ideal foundation for decentralized applications (DApps).
The native cryptocurrency, TRX, powers the TRON network, facilitating transactions and smart contract execution. The TRX coin has gained significant popularity due to its utility within the ecosystem and its integration with various decentralized finance (DeFi) projects. Investors and traders frequently monitor the TRX price, and the TRX to USD exchange rate is an important metric for gauging its performance.
For those looking to trade TRX, pairing it with stablecoins like USDT (TRX to USDT) is a common practice on major exchanges, as it allows for easier trading and management of the TRX crypto. As the TRON crypto ecosystem continues to grow, its decentralized infrastructure supports a wide range of applications, positioning it as a key player in the future of the decentralized web.
What is TRON Bandwidth?
TRON, while similar to the Ethereum network, offers some new features. To ensure sleek network operation, and no delays on transaction confirmation, the TRON network gives everyone a free pool of Bandwidth points for free transactions every 24 hours.
In order to make transactions more frequently, you can use the “Freeze” function in your TRX wallet. When you freeze your TRX tokens they will be locked in place for a number of days and you can’t trade or sell them until they are unfrozen.
In return, your wallet is rewarded with Bandwidth points that allow you to perform transactions on the TRON main net without paying any gas fees. Having enough bandwidth is essential when used for dApps, where you may want to make several smaller transactions and not to worry about using your TRX tokens in the process. Bandwidth is also used to make you an active member of the TRON community.
Transactions are transmitted and stored in the network in byte arrays. Bandwidth points used in a transaction equals the size of its byte array. If the length of a byte array is 200 then the transaction consumes 200 bandwidth points.
If you ran out of Bandwidth points for the day, the TRON network would charge you a transaction fee.
How are Bandwidth points calculated?
Bandwidth points are the number of bytes that you can use per day. The network holds a fixed amount of bandwidth. The ratio of bandwidth points in an account to the bandwidth capacity of TRON’s network equals the ratio of frozen balance in an account to a frozen balance on the entire network.
So, if the frozen asset on the entire network totals 1,000,000 TRX and there are 1,000 TRX frozen in your account, then the account can perform around 300 transactions per day.
