TRX was founded in 2017 by Justin Sun through the Tron Foundation, which is based in Singapore. In 2017, Tron Foundation's initial coin offering (ICO) created 100 billion TRX, raising a total of $70 million.
The Tron protocol describes the architecture of the entire operating system, which is based on blockchain technology and enables developers to create smart contracts and decentralised applications (DApps) that freely publish, own and store data and other content. According to Tron Foundation, the ecosystem around this network specializes in providing large-scale scalability and consistent reliability, capable of processing transactions at high speeds through high-throughput computing.
Tron was originally created on the Ethereum network, but migrated to its own network in 2018. ERC-20 Tron token holders exchanged their tokens for TRX digital currency on Tron's network, and Tron tokens on Ethereum were then destroyed.
Tron founder Yuchen Sun, who is known for being active on social networks, is also the CEO of BitTorrent. Sun also acquired Steem in 2020.
How to do wave field mining?
Tron uses a proof-of-interest proxy system. Unlike Bitcoin's proof-of-work protocol, Tron's transactions are verified by 27 rotating "superdelegates" who are elected every six hours. The wave field blocks every 3 seconds, and superdelegates receive 32TRX as a block bonus. You can also run Witness nodes (propose blocks and vote on protocol decisions), full nodes (broadcast transactions and blocks), or Solidity nodes (synchronize blocks from full nodes, providing apis).
Users compete for the wave field network by using "wave field energy", a network resource obtained by pledging the same amount of TRX.