TRON (TRX)

What is the TRON network?

Here are five key points about TRON (TRX):

TRON is a high-performance blockchain capable of processing thousands of transactions per second.

It uses Delegated Proof of Stake (DPoS) consensus, which relies on elected validators (Super Representatives) to secure the network.

Smart contracts on TRON are written in Solidity, making it familiar to Ethereum developers.

Tronix (TRX) is the network’s native token, used for transactions, governance, and powering dApps.

TRON has an active ecosystem for DeFi, NFTs, and token creation, with low-cost, fast transactions.

Tip: Learn more by reading our guide: What is the TRON blockchain?

TRON on Wraith Wallet

Wraith Wallet provides full support for TRON, allowing you to:

Buy TRON (TRX) with debit or credit cards.

Store TRON and TRC20 tokens securely.

Send and receive TRX and TRC20 tokens.

Stake TRX to earn rewards.

What are TRC20 tokens?

TRC20 tokens are fungible tokens built on the TRON blockchain.

They are similar to ERC20 tokens on Ethereum.

Popular examples include USDT (TRC20) and BTT.

TRC20 tokens are widely used for payments, DeFi, and decentralised applications.

Receiving TRON and TRC20 tokens

Tap Receive in Wraith Wallet and select TRON.

Your TRON address is the same for both TRX and TRC20 tokens.

Copy the address and share it with the sender.

Sending TRON and TRC20 tokens

Tap Send in Wraith Wallet.

Enter the recipient’s TRON address or scan their QR code.

Specify the amount of TRX or TRC20 tokens to send.

Make sure you have enough TRX to cover network fees.

Confirm the transaction.

Transaction fees on TRON

Fees are denominated in TRX.

In addition to basic fees, TRON uses bandwidth and energy resources for smart contract execution.

Users can freeze TRX to gain bandwidth and energy, reducing transaction costs.

Staking TRON

You can stake TRX in Wraith Wallet to:

Earn staking rewards.

Support validators (Super Representatives).

Gain bandwidth or energy for reduced fees when interacting with the network.

Checking balances

Wraith Wallet connects directly to the TRON blockchain to display your TRX balance.

Tap the three dots in your TRX wallet and select View address on TRONScan.

TRONScan is the default TRX explorer integrated into Wraith Wallet.

Why use Wraith Wallet for TRON?

Fast and low-cost: Send and receive TRX and TRC20 tokens instantly with minimal fees.

Staking support: Stake TRX directly in-app for rewards and reduced fees.

Self-custodial security: Your private keys are always encrypted on your device.

Expanding ecosystem: Connect with TRON-based DeFi, NFT platforms, and other dApps.

Conclusion TRON (TRX) powers a scalable and efficient blockchain network with a thriving ecosystem of decentralised applications and TRC20 tokens. With Wraith Wallet, you can easily manage, send, receive, and stake TRX, while staying in full control of your assets.

[Previous: Toncoin (TON)] [Next: Dogecoin (DOGE)]