Convert TRX to CNY

TRON is committed to promoting the decentralization of the Internet and is committed to building infrastructure for the decentralized Internet. Its TRON protocol is one of the world's largest blockchain-based decentralized application operating system protocols, providing high-throughput, high-expansion, and high-reliability underlying public chain support for the operation of decentralized applications on the protocol. TRON also provides better compatibility for Ethereum smart contracts through an innovative pluggable smart contract platform.

Since July 24, 2018, TRON has acquired BitTorrent Inc., an internet technology company based in San Francisco. BitTorrent Inc. is designed with distributed technology that scales efficiently, remains intelligent, and enables creators and consumers to control their content and data. More than 170 million people use products developed by BitTorrent Inc. every month. BitTorrent Inc.'s protocol can transport 40% of the world's internet traffic every day.

Project Features

High Throughput: High throughput is achieved by improving TPS in TRON, and its practicality in daily use has surpassed that of Bitcoin and Ethereum.

Scalability: Based on good scalability and efficient smart contracts, applications can be deployed in more ways in TRON, and TRON can support a large number of users.

High reliability: TRON has a more reliable network structure, user assets, intrinsic value, and a higher degree of decentralized consensus brings an improved reward distribution mechanism.

Chinese Yuan RMB (CNY)

The Chinese yuan is the official currency of Mainland China. Technically, the yuan is the base unit of the renminbi currency (RMB), but it is sometimes referred to interchangeably with the renminbi.

Origins of Chinese Currency

Dating back over 3000 years, Chinese currency has its roots in both Ancient and Imperial China. In 1914, the Republic of China established the Silver Dollar as its official currency, complemented by the introduction of copper, fen, and nickel coins during the 1930s. However, silver's increased value led to a shift away from the silver standard. Consequently, in 1935, a new currency named Fǎbì was introduced.

Renminbi in Global Exchange

During the period of a controlled economy, the Chinese Yuan Renminbi was pegged to unrealistic exchange values, leading to stringent currency regulations. As China's economy began opening up in 1978, the Yuan Renminbi was primarily utilised domestically, prompting foreigners to resort to exchange certificates, which consequently fostered a thriving black market.

From 1997 to 2005, the Chinese government fixed the exchange rate of the Yuan Renminbi to the US Dollar at an approximate rate of 8.3 CNY to 1 USD. In 2005, a more flexible exchange rate mechanism was introduced, readjusting the RMB to 8.1 Renminbi per US dollar. China initiated a pilot program in 2009, permitting certain businesses in regions like Guangdong and Shanghai to conduct trade with counterparts in Hong Kong, Macau, and select nations. This program has expanded nationwide and internationally. Furthermore, China has established direct currency trade agreements with Australia, Japan, Thailand, Russia, and Vietnam, bypassing the need to convert to the US Dollar. Presently, the Renminbi's value operates under a managed float, determined by a basket of foreign currencies.