Gas Fee

The fee required to perform operations or transactions on the TRON blockchain. It helps prevent spam and ensures the network’s resources are used efficiently.

Smart Contract

Self-executing contracts with the terms of the agreement directly written into code. Smart contracts on the TRON blockchain are executed automatically when predetermined conditions are met.

DApp

An application that runs on a decentralized network, such as a blockchain. TRON supports the development and deployment of DApps.

TRX

The native cryptocurrency of the TRON blockchain. TRX is used for various transactions within the TRON network, including payments and smart contract executions.

Software Wallet

A digital wallet that exists as software on a computer, mobile device, or online platform. Users can access their funds through a user interface.

Hardware Wallet

A physical device that securely stores private keys offline. It provides an extra layer of security compared to software wallets, as it is less susceptible to online threats.

Mnemonic Phrase

A series of words that serve as a backup for a cryptocurrency wallet. It is used to recover the wallet and access funds in case the original wallet is lost or inaccessible.

Public Key

A cryptographic key derived from the private key, used to receive cryptocurrency. The public key can be freely shared, and funds can be sent to this address.

Private Key

A cryptographic key that allows access to the funds in a cryptocurrency wallet. It should be kept secure and private, as anyone with access to the private key has control over the associated funds

TRON

A blockchain-based platform designed to build a decentralized internet. TRON allows for the creation and execution of smart contracts and the development of decentralized applications (DApps).