Tron TRX continues to shake the ground in the cryptocurrency industry. It has taken up the mantle of setting the pace for developments, particularly in the internet sector. Tron is working diligently for the decentralization of the internet and availing a structure where everybody benefits from this important resource.
Following the launch of its mainnet in May 2018, Tron community has had a myriad of developments, launches and partnerships to not only talk about but also celebrate. There was the Independence Day and the token migration that kicked off in June and the release of the much-awaited Tron Virtual Machine (TVM) testnet in July. In the same month, Tron Foundation announced the acquisition of BitTorrent; one of the world’s largest Peer-to-Peer file sharing platforms boasting of more than 100 million active users.
Significantly, CoinPayments has announced the successful integration of Tron (TRX) onto its payment processing platform. The platform currently supports payments for more than 895 altcoins including Bitcoin (BTC) and Litecoin (LTC). Tron (TRX) will now be available as an option to merchants accepting TRX in their stores.
CoinPayments is a platform that is working to provide simpler payment solutions to merchants who wish to accept cryptocurrency payments. The platform according to its website supports GAP600 Instant Confirmations that make Bitcoin payments much faster than before. Merchants can also use the web carts plugins provided by CoinPayments. The process of registration and installation has been simplified and can be added to the merchant’s new or pre-existing checkout.
Vault services are also provided on the platform where customer’s coins are protected before being spent. Significantly, the mobile applications make the entire process much simpler as merchants can easily access their accounts, accept the payments in person as well as covert the digital assets anywhere in the world. The mobile application is supported both on Android and iOS. In addition to that, merchants in the United States and Europe have the ability to settle fiat payments directly to their bank accounts. The Point of Sale (PoS) service has a simplified interface for in-person transactions.
Following Tron integration to CoinPayments payment processing platform, TRX is now accessible to over 2.2 million vendors spread across 182 countries. As mentioned, “CoinPayments is the first and largest payment processor of over 895 cryptocurrencies.”
How Tron (TRX) Works?
The Tron network is built using a set of consensus mechanisms that enable at least 2,000 transactions per second (TPS). Moreover, the protocol is not only reliable but also processes transactions at a minimal cost. It employs the point-to-point transactions to ensure that traditional centralized settlement structures are avoided. The network is able to support users, developers, service providers and still maintain its authenticity as well as the compliance of info credit.
Tron Virtual Machine (TVM) official launch is on August 30. This platform will allow developers to create decentralized applications (dApps) using the multiple programming languages that will be supported.
Tron is currently trading at $0.0207 after a 3.83% growth in the last 24 hours. It has recently dropped from being a top 10 crypto by market capitalization and currently ranks as the 12th largest digital asset. Tron has a market capitalization of $1.3 billion with a total token supply of 90 billion while only 65,748,645 TRON TRX are currently in circulation.