crypto Long & Short: Deep blockchain that cleans the stablecoin every week 150,000 million dollars

TRON uses the Delegated Proof-of-Stake (DPoS) mechanism. Under this system, holders of TRX can take one token to a stake in order to receive voting rights and use such rights to elect 27 Super Representatives who act as inspectors ( validator ) producing blocks and maintaining the network. Because block production is handled by only selected inspecters rather than distributed across multiple network participants, TRON , allows for both fast transaction confirmation and low processing costs

Stablecoin and its use in payments

The most important development in the evolution of TRON was its growth into the number one settlement network for stablecoins. Currently, USDT has a large amount of global circulation on the network that distinguishes it from many of its tier 1 counterparts.

This placement is evident in the network usage data, as reported by explorer's blog TRON , where the number of weekly transactions on TRON has risen to an all-time high recently approaching 100 million transactions per week while the average transaction value on the chain dropped to around 7 US cents, its lowest level in many years.

The number of weekly active wallets, which is measured from non-recurring wallets that traded during the seven days, has risen to near historic highs as well. Reflecting widespread and continuous use, not activity coming only from a limited group of users.