What Is Tron Classic (TRXC)?
Tron Classic is a decentralized exchange (DEX) platform designed to address problems associated with converting traditional currencies into cryptocurrencies. The platform aims to provide a universal solution by introducing a digital currency Tron Classic (TRXC), that can be moved across borders quickly and converted without any transaction fees.
The regular currencies are controlled and managed by the central authorities. The supply is not fixed for these currencies, causing inflation and devaluation of the current circulating supply. Also, users do not have a method to move the regular currencies outside their own countries, and the available solutions come at a high cost.
The Tron Classic platform aims to bring a solution to these problems and build a secure, useful, and easy-to-use mechanism based on a private blockchain that allows easy crypto payments integration and a digital arbitration system. A private blockchain is a network that allows only selected entries of verified participants. Digital arbitration is a process of resolving disputes between servers and users with the help of arbitrators, who are semi-trusted entities allowing for business communication and transactions.
The Tron Classic protocol is established on the Ethereum blockchain and executes a Lumens innovative technology that makes it simple and easy to move assets and resources around the globe. TRXC is the native token of the Tron Classic platform, which is an ERC20 token, adaptable and well disposed to enable online payments. TRXC is purely a decentralized token controlled by the stakeholders only. TRXC tokens are stored in the Trust wallet, which provides various features to increase engagement among users and enhanced security with two-step authentication and multi-sig protection.
With the help of the Tron Classic platform, regular currencies can be transferred from one place to another with just one click using Trust wallet. Tron Classic claims to handle thousands of transactions per second with no transaction fees.
History of Tron Classic (TRXC)
Tron Classic team comprises people combining a passion for esports, finance, and blockchain industry with expertise in development, marketing, and licensing operations. Raghav Sawhney is the CTO and advisor with Tron Classic, and the project was launched in 2018.
The maximum supply of TRXC is 5,000,000,000,000 tokens.
