BitGo now supports USDC (TRC20) and USDT (TRC20) on the TRON Network for hot wallets and qualified custody!
What is TRON (TRX)?
TRON is a Layer 1 blockchain that aims to offer high throughput, scalability, and availability for decentralized applications (dApps). Since its launch in June 2018, the TRON blockchain has one of the highest number of decentralized applications along with the Ethereum network. It uses a delegated Proof-of-Stake (DPoS) consensus algorithm to validate transactions and has the capacity to process 2,000 transactions per second. The network is run by individual users who elect “super representatives” to validate transactions, earning fees for their services.
The ecosystem provides essential tools for developers to build, including:
1. A tooling system that helps developers easily set up and control TRON nodes and services
2. A TRON wallet to store TRON assets
3. A Blockchain explorer to track activity on the blockchain
History of TRON (TRX)
TRON was created by Justin Sun in 2017 and the TRON Foundation was established in Singapore that same year. In 2017, TRON raised $70 million through an initial coin offering. By March 2018, TRON had launched its testnet, blockchain explorer, and web wallet. In May 2018, TRON released its mainnet, the Odyssey 2.0, which was a major technical achievement. In June 2018, TRON changed its protocol from running on Ethereum to an independent peer-to-peer network. In July 2018, TRON announced that it had completed the acquisition of BitTorrent, a file sharing service. This acquisition marked TRON’s independence and the creation of the Genesis block.
Get Started
For certain existing BitGo clients:To start custodying TRC20 assets, head to the wallet dashboard and create a “TRON” wallet.For prospective clients:To learn more about BitGo’s offerings, including TRON, schedule time with our team.
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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