VPS hosting

with TRON

Continuing the list of cryptocurrencies that are available on Bitcoin Hosting, we cannot leave out Tronix (TRX) the native and up-and-coming cryptocurrency of the TRON blockchain platform. If you are particularly interested in this cryptocurrency, then it might be particularly convenient for you to use it also as a payment method for purchasing a hosting plan for your projects. If you haven’t encountered sufficient information about TRON yet and want to figure out more about it and why you should use it, just continue reading.

What’s special about TRON?

TRONIX is the native cryptocurrency of the TRON, a blockchain focusing on building a free global digital content entertainment system with distributed storage technology. The currency is an integral part of the TRON ecosystem, so if it seems interesting to you, it might be pretty rewarding.

Among other things, here are some of TRONIX’s features that distinguish it from alternatives:

• Transaction fees: TRX is used for paying transaction fees within the TRON blockchain. When users interact with the platform in different ways, for example transferring TRX between wallets, interacting with decentralized applications (DApps), or executing smart contracts, there is often a small TRX fee.
• Smart contracts: TRX is broadly involved in the execution of smart contracts on the TRON blockchain and further interactions with them. Smart contracts are contracts presented in the form of programs or transaction protocols that aim to enable the automatic execution of various actions. TRX cryptocurrency is commonly used in these contracts, helping to make the execution of various decentralized applications and functionalities easier.
• Token creation: Apart from the tokens that are already available on the TRON platform, you can use TRON to create and issue your own tokens, whereby TRONIX can be used as the base currency for creating and managing those tokens and can be also used as trading pair for different tokens within the TRON ecosystem itself.
• Participation in governance: If you are a TRX holder, you’ll have the opportunity to also participate in the governance of the TRON network. Since the TRON network uses a Delegated Proof-of-Stake consensus mechanism, TRX holders can vote for representatives (delegates) who’ll then take over a part of the responsibility for validating transactions and producing blocks.
• Staking and voting: TRX holders can also participate in staking their tokens to earn rewards and vote for Super Representatives (SRs) in the TRON network. When you stake, you lock up a certain amount of TRX for supporting the network’s operation, and after a certain period of time, you’ll be able to get a reward in the form of more TRX.
• Decentralized applications (DApps): TRX is broadly used for various decentralized applications that are built on the TRON blockchain. Within these applications, TRX may be used to access certain features, make in-app purchases, and participate in various activities.
• Cryptocurrency exchanges: TRX is broadly encountered on various exchanges, so it gives you much freedom of action in trading.

To sum up, TRX is a widely used and promising cryptocurrency that opens considerable perspectives for those who want to explore cryptocurrency as well as the native blockchain and cryptocurrency platform of TRX, TRON. If TRX cryptocurrency has caught your attention, never forget that you can feel free to use it for starting your web business on Bitcoin Hosting.