How does a TRAC work?

Could you elaborate on the functioning of TRAC, the token or cryptocurrency in question? Specifically, I'm interested in understanding how TRAC operates at a technical level. How does the transaction process work? What are the key components that enable TRAC to function effectively? Additionally, how does TRAC ensure security and privacy for its users? Is there a unique consensus mechanism or algorithm that TRAC employs? Lastly, what are some of the real-world applications or use cases for TRAC? Understanding these aspects will help me grasp the broader significance and value of TRAC within the cryptocurrency ecosystem.