Question 1

What is TX?

Accepted Answer

TX is the native token of the TX Network. It is not an ordinary custom asset built on the network, but the base token used when the network operates: official documentation lists it for blockchain functions such as the consensus protocol and the native decentralized exchange (DEX). Therefore, using TX involves two distinct meanings: holding or transferring this native asset, and interacting with the consensus, trading, and other on-chain functions provided by the network. Smart contracts and smart tokens can operate on the network, but their roles differ from that of native TX.

Question 2

What is TX used for?

Accepted Answer

TX is used as the native interaction asset for TX Network functions, with the official documentation explicitly listing the consensus protocol and the native DEX. In other words, TX is not limited to on-chain transfers; both network-level and trading functions are based on it. The network also provides WASM smart contracts, smart tokens, and bridging capabilities. These functions indicate that application logic can be executed, assets can be created, and assets can be transferred across chains on the TX Network; whether TX is required, the specific payment method, and access conditions for each application still depend on the actual rules of the relevant function or application.

Question 3

What consensus mechanism does the TX Network use?

Accepted Answer

The TX Network uses the Bonded Proof of Stake (BPoS) consensus mechanism. This mechanism uses bonded stake to participate in network consensus rather than relying on proof-of-work-style competition in computing power. This design is directly related to how the network operates: the official documentation describes BPoS as the basis of its low-energy positioning and discusses it alongside the network's scalability and throughput. The consensus mechanism explains how the network organizes validation participation; it is not a promise that any token holder automatically receives returns.

Question 4

What are smart tokens on the TX Network?

Accepted Answer

TX smart tokens are custom on-chain assets that can be created on the TX Network, with their rules determined by issuance and management settings. The capabilities listed by the official documentation include minting, burning, freezing or global freezing, whitelists, access control lists, and administrator changes. These settings change the behavior of that custom asset, not the native TX token itself. For example, an issuer can set a transfer-fee rate, clawback, or burn rate for a smart token, and can connect it to IBC and smart contracts. Before using a particular smart token, its actually enabled rules should be reviewed, because not every asset adopts every function.

Question 5

How does TX support cross-chain asset transfers?

Accepted Answer

The TX Network provides two bridging paths: decentralized bridges based on IBC and centralized bridges handled by TX. Bridges enable assets to move between different blockchains. The two paths are handled differently: the IBC path uses cross-chain communication capabilities, while centralized bridges are handled by TX. Before initiating a cross-chain operation, users should confirm that the source chain, destination chain, asset version, and receiving address match; availability of an asset after bridging depends on support from the particular bridge and destination network.

Question 6

How are transaction fees on the TX Network formed?

Accepted Answer

TX's fee model treats the Gas required for a transaction separately from the Gas price. For most transaction types, the official documentation states that Gas is deterministic: for example, the Gas required for a token transfer can be known without interacting with the chain. The final fee paid by a user can still vary with the Gas price. The model calculates the minimum Gas price required by the chain according to system load, so the transaction type determines required Gas, while network load affects the minimum price threshold; together, they affect the actual cost paid.

Question 7

What is the role of the TX Network's native DEX?

Accepted Answer

The TX native DEX supports trading TX and assets issued on the network. It is built directly into the blockchain rather than referring only to an external trading platform. Users can select trading pairs for tradable assets; however, whether an asset already has a trading pair, how much liquidity it has, and the actual execution conditions depend on the DEX market state at that time. The existence of a native DEX does not itself guarantee that any asset can trade at a particular price or quantity.

Question 8

What can smart contracts on the TX Network do?

Accepted Answer

The TX Network supports WASM smart contracts, which are executable code deployed on the blockchain. They can facilitate, execute, and enforce agreements among participants according to code rules without a trusted third party. Smart contracts provide application execution capability, not a guarantee of an application's outcome. What a contract can actually do, who can call it, whether it is secure, and its usage cost depend on the specific contract code and the network rules it adopts.

Question 9

What is the difference between TX and smart tokens on the network?

Accepted Answer

TX and smart tokens differ in their roles and the source of their rules. TX is the network's native token and is used for network-level functions; smart tokens are custom assets created on the network by users or projects. Smart tokens can optionally be configured with rules for issuance, freezing, whitelisting, transfer fees, or clawback, while TX's basic role is determined by the network protocol. Therefore, a restrictive setting on a smart token should not be applied directly to TX.

Question 10

What should be checked before using the TX Network and smart tokens?

Accepted Answer

When using the TX Network, transaction fees depend on the Gas required by the transaction type and the minimum Gas price under the current system load; cross-chain operations additionally depend on the selected bridge and support from the source and destination chains. When operating a smart token, users should also verify whether the asset has enabled freezing, whitelisting, transfer fees, clawback, or other management rules. This separates network-layer costs, bridging paths, and an asset's own rules, rather than treating them as the same thing.

Question 11

How do the TX Network's functions work together?

Accepted Answer

The TX Network combines IBC interoperability, smart contracts, smart tokens, a native DEX, and bridging capabilities on a single Layer-1 chain. They respectively address different issues, including cross-chain communication, application execution, asset rules, on-chain trading, and cross-chain asset transfers. These capabilities can work together, but should not be conflated: IBC compatibility does not mean every asset can move freely across chains, and smart contract support does not mean every application has already been deployed or adopted. Actually available functions depend on the support status of the specific asset, contract, and bridging tool.

Question 12

What core capabilities does the TX Network provide?

Accepted Answer

The TX Network is positioned as a Layer-1 for decentralized applications and states that it has ISO20022 compatibility and IBC interoperability. Its technical combination includes BPoS, WASM smart contracts, smart tokens, a fee model, a native DEX, and bridging capabilities. These descriptions indicate the scope of infrastructure the network provides; they do not mean a particular application, asset, or cross-chain path is necessarily already available. For a specific operation, it is necessary to further confirm whether the relevant contract, asset, or bridging service is supported.

TX (TX) Price

Price of TX (TX) Today in USD

TX (TX) Price History

Fear & Greed Index

Why Did TX (TX) Fall in the Last 24 Hours?

About TX (TX)

Use Cases and Features

Supply and Issuance Mechanism

How to Buy and Use TX (TX)

How to Buy

Related Markets

TX (TX) Basics & Market Insights

Fundamentals

Market Analysis

Frequently Asked Questions About TX (TX)