TRON wallet

Easy TRON management on Guarda. Secure TRON wallet with the built-in exchange and purchase features.

Create TRON Wallet

What is TRON?

Tron is a blockchain platform that claims to be the global entertainment digital content system. It was founded in 2017 by the Tron Foundation, a nonprofit company based in Singapore. It promises to offer security, scalability, and privacy. It is a platform where users can share digital content quickly and economically. It also allows users to create their tokens on the platform so they can be used by third parties, such as the well-known Ethereum platform.

This sector is still very new. Individuals, companies, and governments are still in the process of adaptation and, as follows, they are still doing research and study. And this is one of the reasons why Tron aims to offer a platform that is easy for most. For example, developers face significant difficulties when they need to create a decentralized application (dApp) with protocols different from those that they have used so far.

There are thousands of cryptocurrencies on the market, but we can say that not all of them compete with each other. In general, every project has a goal, and those who compete usually offer similar services or pretend to do the same for society. In the case of Tron, we can say that it does not compete with bitcoins. Among its real competitors is only Ethereum.

TRON history

Like many of the new cryptocurrencies that appear on the market, TRON was created after ICO. This way of financing projects was to pre-sell tokens to large and small investors who want to participate. As a rule, tokens are issued and distributed on the network of another cryptocurrency. In this case, (TRX) of the TRON project lived for almost a year in the Ethereum blockchain, which provided its standard ERC20 for the rapid development. In April 2017, the TRON Fund was created, which was supporting its growth.

Its founder is Justin Sun, one of the most talented young entrepreneurs in China, recognized by Forbes magazine. Before starting to work with TRON, Sun was also the chief representative of Ripple. The ICO was launched in August 2017, which set a goal of $ 70 million (USD). A few months later, in April 2018, the main TRON network was launched. All TRX tokens were transferred to the final blockchain in June of that year, thus completing the work plan and forcing TRX to rise in the top 10 CoinMarketCap.

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Who is Justin Sun?

This cryptocurrency is one of those cases when we also need to talk about its creator, almost better known than the project itself. This is Justin Sun. Justin already had a very successful previous project: the Peiwo app.

Sun Yu Chen ー better known as Justin Sun Open in new window was born on July 10, 1990, in Shandong Province (China). By his 28 years, he not only received a good education but also led a number of promising companies, earning impressive capital. He is often compared to the Chinese billionaire Jack Ma, founder of the Alibaba Group, but Justin went his own and quite ambitious path.

He twice fell into the list of 30 most successful people in Asia under 30 according to Forbes.

In December 2013, Justin Sun reduced a job offer at Ripple Labs. Thanks to his ideas, the Ripple platform attracted new investors and expanded the Chinese community. Justin acted as advisor and chief representative of Ripple in China until 2016.

In April 2017, Justin founded his own cryptocurrency project through an ICO Open in new window ー TRON. The main idea of ​​the project: to create a "truly decentralized Internet", focusing on its availability, anonymity, and security.

Should I invest in Tron in the short or long term?

TRON is one of the most promising projects in the crypto sector and offers a truly innovative solution that is not often repeated on the market. So far, they have successfully completed their work plan by creating their own network. In the investor community, some believe that TRON was a bit overrated during the growth. Now the price of TRX is significantly reduced, which can be a good starting point. It also showed it's growth even during the bear season, having managed to get into the Top 10 cryptocurrencies rating.

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How Much is TRON?

Tron is very attractive to investors because it is a system that offers a lot of versatility and ease of use for users in all parts of the world. In any case, we must remember that the prices of cryptocurrencies in the capitalization market are very variable. It can fall sharply as fast as to raise.
In the following table, we see in real-time the price of TRX:

TRON News

In January 2020, this currency was involved in several disputes over suspicious activities. On the one hand, it's White Paper was accused of containing fragments copied from other cryptographic documents. However, after explanation, this becomes obvious: in Chinese projects, references from other currencies are often used in their technical documents, but the notes for these links are lost in their English translation. In Chinese, the original they are. On the other hand, Justin Sun was accused of having forced several pumps to sell coins in Binance. Several TRX packages have been identified from their wallet to the Binance exchange. Why would you send currency for an exchange if you are not going to sell? Justin Sun did not give any explanation, but so far, this is just an assumption.

Bittorrent Foundation Open in new window launches an airdrop of the BTT token based on the TRX blockchain.
Receive a monthly BTT reward for keeping TRX on the balance of your Guarda wallet. Keep at least 100 TRX in your account and every month, starting from March 2020, you will receive 0.109768 BTT for every 1 TRX on your balance. BTT will be automatically distributed on the 11th of every month.
Read more Open in new window

TRON Goals

The Tron network has been designed to make entertainment content simpler and cheaper. Theoretically, this goal was achieved by placing content on the blockchain, together with creators and consumers in a peer-to-peer network, which excludes intermediaries.

As explained on its website, the Tron protocol offers "scalability, high availability, and high throughput that supports all decentralized applications in the TRON ecosystem." The network encourages users to create their decentralized entertainment applications.

All applications and partnerships of the TRON platform initially allow the use of other cryptocurrencies using the TRON protocol. All transactions using the protocol are automatically converted to TRX before processing and transferred back to the user in the appropriate currency.

What are the Tron Bandwidth Points?

TRON, although comparable to the Ethereum network, offers very interesting new features aimed at solving some problems that annoy users in existing blockchains. Bandwidth is the type of resource that is earned using the Freeze feature from your TRX wallet.

Energy: This is a special resource that is used to process smart contracts on the TRON network. Smart contracts consume energy in addition to bandwidth, so make sure you have enough resources for both when moving tokens.

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.

What is the difference between TRC10 and TRC 20?

From the moment of TRON appearance, Sun seeks to improve his project; TRON aims to become a network that allows content creators to maintain close relationships with consumers. All this without any intermediaries and is part of the general economic ecosystem under the TRX brand (TRC-10). Simplification, in turn, of the interactions within this system. To achieve this, the TRON team began a difficult development. First, they relied on the ERC-20 token for their work and improved it. Out of these improvements, the TRC-20 token has appeared, which is fully compatible with ERC-20. The enhancements presented in TRC-20 are mainly aimed at making its management more flexible in the blockchain designed to use the coordinated DPoS protocol. Thanks to this protocol, TRON achieves high levels of performance and scalability. This means one thing: your DApps can quickly execute transactions on the blockchain. It was the use of DPoS and the use of TRC-20 that led to the adoption of DApp in TRON. The universe of DApps available in TRON is currently very diverse. Its rating is constantly changing, especially due to a large number of transactions and the total capital that these applications mobilize. Most of them are games (casual, RPG, fishing), casinos and even decentralized currency exchanges (DEX). Another example of the enormous potential of the technology that TRON is to demonstrate, and which is still under development.

At the same time, TRON aims to become a network that allows content creators to maintain close and close relationships with consumers. All this without any intermediaries and is part of the general economic ecosystem under the TRX brand (TRC-10).

How to store TRON?

Web Wallet / Desktop Wallet

  1. Open the Guarda website (be sure to add the link to your bookmarks so you don’t accidentally go to the phishing site)
  2. Click on the button "Create a wallet" or "Download for desktop"
  3. Create a New Wallet
  4. Choose a password, however, make it hard enough so that attackers cannot compromise it.
  5. Make sure to keep your passwords in a safe place, because if you lose them, then you will not have the opportunity to restore your wallet.
    More details in Knowledgebase Open in new window.
  6. Wait a couple of seconds while the program will render the wallets for you. Numeric keys, commonly known as private keys or master keys, take the form of hexadecimal codes. At first glance, it looks intimidating until you find that it is flexible enough to be recorded, printed on paper, printed on a document, converted to an image, or even remembered.
  7. Download backup to always be able to import your wallet.
  8. Go to the TRON Coins tab, and under the QR code (also you can scan it because QR is a wallet address itself), you will see your wallet where you can transfer funds from the Binance trading platform.

Mobile

  1. Go to the Apple App Store or Google Play Store.
  2. Find Guarda Wallet and download it to your device. Click on the button "Create a wallet"
  3. Create a New Wallet.
  4. Choose a password, however, make it hard enough so that attackers cannot compromise it.
  5. Make sure to keep your passwords in a safe place, because if you lose them, then you will not have the opportunity to restore your wallet.
    More details in Knowledgebase Open in new window.
  6. Wait a couple of seconds while the program will render the wallets for you. Numeric keys, commonly known as private keys or master keys, take the form of hexadecimal codes. At first glance, it looks intimidating until you find that it is flexible enough to be recorded, printed on paper, printed on a document, converted to an image, or even remembered.
  7. Download backup to always be able to import your wallet.
  8. Go to the TRON Coins tab, and under the QR code (also you can scan it because QR is a wallet address itself), you will see your wallet where you can transfer funds from the Binance trading platform.

It is also important that the wallet does not have access to user information. All private keys are stored locally on the end-user device to let users have complete control over their funds. During the installation process, a backup copy of your wallet is created and all information is encrypted. Users can also add various biometric token authentication systems to the wallet, such as a Face or Touch ID. These features make Guarda one of the best coin wallets on the market.

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