This post originally appeared at Getting Started – Australia Edition – Buy & Sell Tronix TRX
Tronix (TRON) is a blockchain technology which started more recently in the crypto-currency era, which uses peer-to-peer networking technology (like BitTorrent) to create a network of nodes which synchronise every transaction on the network. Transactions between “accounts” are recorded on the blockchain, which keeps record of every single transaction on the network, on every single node – this means that transactions are highly secure, and cannot be reversed. This high security is provided by a process called “mining”, which requires the transactions to be “hashed”, a process of computing large amounts of random jibberish to a certain specification (let’s call if difficulty) such that when the specification is met, transactions which are used to compute that jibberish, are committed to the network and through a process of synchronising and voting, are rendered permanent. What makes Tronix more appealing is it’s focus on ‘fixing the internet’, and it’s real world use in existing markets like the OBike bike hire app.
What’s different with crypto-currency, is that you are even more responsible for securing your new found money. If your CoinSpot account is hacked, it’s easy for someone to send the TRON in your account to their own account, and at that point, it’s gone forever.
You MUST secure your account, your computer, and any other devices you use to login!
Now you do whatever you want to do with your TRON. Watch the price soar, hoping it will net you millions of dollars. The beautiful thing about CoinSpot, is that Australians can easily buy and sell TRON and transfer it to other parties with ease. You can quickly and easily just buy TRON on Coinspot.