Tron is a blockchain-based, open-source protocol for the global digital entertainment industry. Tron was founded by a Singapore based non-profit organization called the Tron Foundation. The Tron Protocol aims to construct a global free content entertainment system that utilizes blockchain technology and distributed storage technology which allows easy and cost-effective sharing of digital content.
The content is stored in an encrypted form and the users can access it with the help of Tron’s digital assets. Tronix (TRX) is the official currency of Tron which can be used by the content consumers to pay for the content they use. The creators of the content will receive TRX coins as payment from the consumers.
The current market cap as on 30th May 2018 at 05:30 UTC stands at $4,722,174,841 approximately with price varying around $0.077 with circulating supply of 61,521,948,062 TRX and total supply of 100,000,000,000 TRX according to coinmarketcap.com.
10 Ways To Decide If You Should Invest In The Tron Cryptocurrency
1) Tron has been adopted by Chinese tech giants Baidu
This is one of
The Tron cryptocurrency has been in the spotlight ever since it was first proposed by former Ripple Labs employee Justin Sun. The idea behind the project is to create a decentralized content sharing platform that uses blockchain technology to facilitate transactions. There are many people who see great potential in this idea and have invested their money into purchasing Tron coins.
However, before you decide to invest your hard earned money into something as risky as cryptocurrencies, you should consider all of the pros and cons. In this article I will go over some of them so that you can decide for yourself whether or not investing in Tron would be worth it.
1. One major advantage of investing in Tron is that it is a very new coin which means there are still many unknown factors about its future value and potential use cases. This gives investors plenty of time to think about their investments before they actually make them which reduces risk significantly but also increases profits dramatically if everything goes well!
2. Another benefit is that because Tron has only just been released there isn’t really any competition yet which means fewer people know about it so you’ll have less competition from other investors trying to buy up all of their shares before anyone else does!
3. A third reason why investing in this particular
Cryptocurrencies have become a new way for scammers to scam people out of their money.
But there are some cryptocurrencies which are backed by legitimate projects with talented teams and real-world use cases. And I believe TRON (TRX) is one of them.
If you’re thinking about investing in TRON, this article will help you make up your mind. Here are 10 reasons to invest in the TRON cryptocurrency:
1. Passionate & Talented Team
The first reason to invest in TRON is because the team behind it is passionate and talented. The leader and founder of TRON is Justin Sun, a protégé of Alibaba founder Jack Ma. He founded Peiwo, China’s Snapchat and was named as one of Forbes 30 Under 30 in 2015 and 2017.
The rest of the team has a solid background too:
● Liu Mingcheng — Chief Technology Officer (CTO)
● Lucien Chen — Technical Director
● Cao Yin — Blockchain Researcher/Developer
● Zhao Hong — System Architect/Developer
● Dai Wei — Senior Developer
If you’re looking to invest in cryptocurrency, you might want to consider the Tron (TRX) coin.
Several weeks ago, the Tron Foundation announced that it was acquiring BitTorrent, one of the largest file sharing sites in the world. The company announced its acquisition on June 11 and stated that it would begin integrating blockchain technology into BitTorrent’s services.
This acquisition has led some people to believe that Tron is worth investing in.
So should you invest in Tron? Is this a good time to buy TRX or should you avoid it? Today, we’re explaining everything you need to know about this potentially lucrative investment opportunity.
What is Tron?
Tron (TRX) is a new blockchain-based cryptocurrency platform with a goal of disrupting the entertainment industry.
Tron wants to decentralize content sharing platforms like Facebook and YouTube by allowing users to share content directly without the need for third-party intermediaries like Google or Facebook. Users can be rewarded for their content with TRX tokens.
Tron also allows for a decentralized exchange for all types of assets – including digital currencies and assets from centralized gaming systems.
What is BitTorrent?
BitTorrent, meanwhile, is one of the
Tron is one of the most interesting projects in the crypto space today, and it definitely deserves a closer look. It is a blockchain-based content sharing platform that aims to decentralize the internet by allowing users to publish, store and own data freely.
The company behind Tron is the Tron Foundation based out of Singapore. Founded in September 2017 by Justin Sun, Tron has gained quite a lot of popularity over the past few months.
Tron’s aim is to be a “content distribution platform for the digital entertainment industry” that allows creators to cut out middlemen such as Apple and Google from their work. The Tron protocol offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem. The TRON Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications.
The TRX coin is used to pay for content shared on the network. Content creators will receive payments directly from consumers thus eliminating middlemen like Google Play Store or Apple App store who take a huge cut of payments made by users.
TRON has been steadily growing since its launch last year and has already surpassed Ethereum as one of the
As with any cryptocurrency, Tron is a digital currency that can be used for transactions. However, it is meant to serve as a platform for the distribution of digital content and entertainment. The platform was founded by Justin Sun, who also founded PC.com. Justin Sun is also a former chief representative for Ripple in China.
Trons primary goal is to decentralize the entertainment industry by allowing content creators and consumers to connect directly without middlemen like Netflix or iTunes.
Tron uses a blockchain similar to Ethereum and allows developers to create smart contracts on top of Tron’s blockchain, just like Ethereum’s network allows developers to create decentralized applications (dApps).
Tron is unique compared to other cryptocurrencies because it doesn’t require miners or proof of work to validate transactions on the network. This means there are no transaction fees on Tron’s network.
Bitcoin is making headlines across the globe right now. It has had a massive run in 2017, and that is putting a lot of people off because they think it’s too late to get involved. But there is another cryptocurrency that has been growing at an even faster rate than Bitcoin. I’m talking about Tron (TRX).
Tron is a coin that shows massive potential, and I believe it can compete with Ethereum in the future. In this article, I will outline 10 reasons why you should invest in Tron before the end of 2018.
1: What Exactly Is Tron?
Tron was founded by Justin Sun and was designed to enable content creators to share their work with the world and get paid for it. It is the first decentralized digital entertainment protocol which enables users to publish store and own data freely. Content is fueled by blockchain technology, which makes it secure and transparent for everyone involved.
2: What Problem Is Tron Trying To Solve?