Tron is a decentralized entertainment and content-sharing platform that uses blockchain and peer-to-peer (P2P) technology. Tronix is the basic unit of accounts in Tron’s blockchain. It is the currency that pays you for your content, and is often referred to as its ticker symbol, ‘TRX’.

Like many other digital currencies, TRX coin transactions occur on a public ledger. On this public ledger, the history of each transaction can be traced all the way back to the first transaction. The transaction model that TRX uses is similar to the transaction model that Bitcoin uses. The only difference is that Tron has improved Bitcoin’s model by providing additional security. The model TRX uses is called UTXO.