AFTER Bitcoin’s price exploded last year, all eyes have been on the volatile cryptocurrency market.

Tron, which hit the market in September 2017, is one of the newest kids on the crypto-block…

1 Tron is one of the newest cryptocurrencies around Credit: YouTube

What is TRX?

Like Bitcoin, Tron is cryptocurrency which is traded online.

But unlike Bitcoin, it is attached to a new blockchain-based technology that aims to revolutionise the way people consume entertainment.

Tron claims to allow users to freely publish, store and own data – which can create a decentralised content distribution platform.

The company says this will allow it to undercut its centralised competitors like Google Play and Apple's App Store, which charge high fees.

It is based on the technology behind another cryptocurrency – Ethereum.

Tron’s official cryptocurrency is called Tronix (TRX).

What's the price of Tron and how do you buy it?

Tron has been trading since mid-September, and went from strength to strength as the hype around cryptocurrencies exploded.

The cryptocurrency is worth just $0.065 (£0.049) for a single unit as of May 28, 2018.

That's a climb gtom January 5, though, its value had soared to over $0.25.

There are few places where you can buy TRX for real money.

Instead, you need to buy Bitcoin or another cryptocurrency and trade it for TRX.

You can make this trade using an online currency exchange such as Coinnest, Binance or Liqui.

When it Tron's Main Net launch?

The main network is where actual transactions take place on a distributed ledger, according to ETHNews.

Tron is currently hosted on a test net, or test network, where cryptocurrencies are tested and developed.

TRX’s Main Net launch is May 31, 2018.

What are some of the risks?

Anyone thinking of investing in Bitcoin or another cryptocurrency should be very careful.

Their values are volatile, with the ability to plummet as quickly as they shoot up.

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And investors are frequently targeted by hackers and other criminals who seek to steal their crypto-cash online.

Be especially careful if you are using direct, peer-to-peer platforms to sell and buy cryptocurrencies.

These are the equivalent of something like Gumtree for Bitcoin – you never know who you might be dealing with.