TRON is a blockchain-based platform that aims to build a decentralized entertainment ecosystem. The network provides an open source protocol for digital media and peer-to-peer distribution of content.
This cryptocurrency has set its sights on transcending the various boundaries of the entertainment industry. TRON seeks to build a larger community that shares and exchanges their content freely.
What is Tron?
Tron is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. Tron was founded by Justin Sun in 2017.
The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
How Does TRON Work?
TRON protocol allows each user to freely publish, store and own data. Moreover, it provides developers with a decentralized content distribution platform based on incentive schemes. It also enables the exchange of digital assets between users in various fields within the TRON network, such as gaming, video, music and literature.
The TRON Protocol utilizes its native cryptocurrency called Tronix (TRX).
TRONIX (TRX) works on a delegated proof-of-stake mechanism that requires coin holders to vote for 27 super representatives which will form the governing body of this cryptocurrency token. These 27 super representatives will act as miners who mine blocks on behalf of everyone else in the network by processing transactions made by miners who are not part of their group yet still want access to their services
How To Purchase Tron TRX?
There are several ways to purchase TRX. You can buy them directly with fiat currency via CEX or Bitfinex or you can purchase them with another cryptocurrency such as Bitcoin or Ethereum via Binance or Bittrex.
The History of TRON
The TRON Foundation, a non-profit organization based in Singapore that was founded by Tron’s CEO Justin Sun, is behind the development of TRON.
The foundation originally started out as an ICO (initial coin offering) project called “Peiwo App”. Peiwo was later rebranded to TRON and became an independent blockchain system with its own cryptocurrency (TRX).
This means that it has no ties with Ethereum or any other major blockchain platform, which makes it stand out from other popular cryptocurrencies such as Bitcoin, USTC coin, Ripple or Ethereum.
Tron aims to build a decentralized entertainment ecosystem that allows content creators and consumers to be rewarded directly by using blockchain technology without being dependent on third party intermediaries such as Apple or Netflix who take a significant cut of all transactions made within their ecosystems.
What Is The Future Of TRX?
As one of the most popular blockchain projects in 2017, Tronix (TRX) has its own market value despite its low price. Different from other blockchain projects focusing on financial transactions such as bitcoin or ethereum, Tron’s goal is to build a global entertainment network for digital sharing of content.
Due to its high speed of data processing per second, Tron can handle 2 million transactions per second in the future. This will be much faster than other blockchains. In addition, the development team of Tron is cooperating with more than 50 mainstream media companies around the world including Peiwo, Uplive and PPTV. It also has established partnerships with well-known companies like Alibaba Cloud, Baofeng Bokocloud and many others.
Tron has a lot of potential to become big, because it has a good company that is doing well and has the right team behind it. They also have a product that people love, so there’s no reason why they can’t continue their success in the future.
Is Tron a Good Long Term Investment?
There are many reasons why TRON (TRX) is a good long-term investment.
First, the team and community behind it are strong:
Justin Sun has a high profile as founder of Peiwo and being an early member of Binance. He is also well known for being one of the first Chinese students to become a Forbes 30 under 30 entrepreneur. The community is growing rapidly and there will be many more people joining in due to their recent partnership with BitTorrent, one of the largest P2P file sharing platforms in the world.
The roadmap lays out clear goals for 2020 that include creating an ecosystem where developers can create dApps on TRON including EOSIO, Ethereum Virtual Machine (EVM), Cardano (ADA), IOST, NEOVM etc., making it easier for developers to access these networks without having knowledge about each blockchain protocol separately..
It also plans on integrating with current payment protocols like Alipay/Wechat Pay so users can spend their TRX tokens just like they would any other currency using apps they already know how to use such as Uber or AirBnB.
Conclusion
Tron is a very promising project with a lot of potential for growth. The Tron Foundation has some very talented developers who have proven themselves capable of building functional products and delivering on their promises.
In addition to this, TRX is only just beginning to tap into its full potential by expanding into new industries such as gaming and entertainment. If you’re looking for an investment that could potentially bring huge returns over time, then TRON might be worth looking into.
