Here is all the information you need on Tron, an exciting new cryptocurrency with a promising future in the entertainment industry.
The TRON project began in 2017 by a Singapore based non-profit organization called the TRON Foundation. Its goal was to create a worldwide free content entertainment system using blockchain technology and distributed storage.
The TRON project wants to decentralize the internet and put it back into the hands of its users. It believes that this is possible through the use of blockchain and peer-to-peer networks.
The Project Roadmap
Tron has made massive progress since its launch. Here are some of its major milestones:
Exodus (completed): The main goal of Exodus was to provide free peer-to-peer sharing of digital content. It included an integrated p2p file sharing client, distributed storage protocol and bittorrent network protocol package solutions.
Odyssey (in progress): The goals of Odyssey include increased decentralization, enhanced incentive mechanisms and reduced barriers to entry for content creators. It will also see the launch of Tron’s virtual machine and its first stable version of its protocol.
Great Voyage/Apollo (not started yet): This stage will mark Tron’s expansion from a basic platform for simple decentralized
Tron is an Ethereum based protocol that aims to be a content distribution platform for the digital entertainment industry. Tronix (TRX) is the native currency of the Tron blockchain.
Tron is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. 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, freely publish, own and store data and other content. According to the official website of Tron Foundation, the ecosystem surrounding this network specializes in offering massive scalability and consistent reliability capable of processing transactions at a high rate via high-throughput computing.
The next question you might ask is “How do I buy TRON?” You can buy it from a number of exchanges: Binance, Bitfinex, Bittrex, Upbit, Liqui, etc. Currently TRONIX (TRX) is listed on 61 markets and 30 Exchanges**
TRON is a decentralized content entertainment protocol based on blockchain technology. TRON Protocol, one of the largest blockchain based operating systems in the world, offers scalable, high-availability and high-throughput support that underlies all the decentralized applications in the TRON ecosystem.
TRON was founded by Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. TRON also boasts an experienced leadership team with extensive industry experience. This is one of the top 10 cryptocurrency projects by market capitalization and it aims to heal the internet by building a free content entertainment system, utilizing blockchain technology. 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, freely publish, own and store data and other content. According to their whitepaper, “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”.
Currently ranked at number 11 by market capitalization according to coinmarketcap data, TRON holds a total market cap value of over $1.6 billion
The Tron Foundation is a non-profit organization founded in Singapore, with the goal of creating a decentralized and affordable entertainment system. The Tron Protocol will enable users to store data, publish, and own content free of charge, along with enabling the development and execution of smart contracts.
The team behind this project includes members from Alibaba, Tencent, and Baidu.
Tron has established relationships with multiple companies including Baofeng, Gifto and Game.com.
In the last few months we have seen the emergence of many new cryptocurrency projects, from new coins to ICOs that aim to disrupt some industry or the other. With all these projects springing up every day it can be hard to know what project is worth investing in and which one isn’t. This article will help you make your mind up about Tron as an investment opportunity by providing information on what it is all about and its future potential.
Tron was founded by Justin Sun (CEO) who was listed as one of Forbes Asia 30 under 30 in 2015, he was also named a Davos Global Shaper in 2014 and part of their 100 investors you need to follow on Twitter list. He has experience working at Ripple and worked with Jack Ma as his Private Advisor
The Tron Foundation was founded in 2017 by CEO Justin Sun. He is a Chinese entrepreneur, a former representative of Ripple in China, and the founder of Peiwo (a Chinese Snapchat clone). The Tron Foundation is registered as a non-profit organization in Singapore.
Tron has been accused of plagiarizing their whitepaper and being a scam, but we will discuss this later.
The project aims to build a worldwide free content entertainment system. It should allow each user to freely publish, store, and own data. The content/data providers are supposed to receive rewards directly from consumers and thus not have to pay intermediaries such as Apple, Google Play Store and so on. However, unlike some other blockchain projects the team behind Tron is not hiding and the Tron foundation has made clear they intend to comply with all relevant regulations that may be applicable to them.
The Tron coin (TRX) is listed on most major exchanges, including Binance and OKEx.
TRON (TRX) is a blockchain based content sharing platform which aims to disrupt the way we use the internet by cutting out the middlemen and giving creators full control over the content they produce.
TRON’s founder, Justin Sun, has described TRON as ‘a decentralized peer-to-peer network that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.’ The idea behind TRON is to allow users to publish, store and own data without being subject to censorship from large corporations or governments.
The team behind TRON have three main goals:
1. Eliminate intermediaries between creators and consumers of digital content
2. Allow direct transfer of value between creators and consumers of digital content
3. Make it easier for users to access digital content across multiple platforms (i.e. access all your movies in one place).
What is TRON?
TRON is a blockchain-based, open-source protocol for the global digital entertainment industry. TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.
TRON was founded by Justin Sun in 2017. On Sept 12th, 2017, TRON acquired BitTorrent Inc., a pioneer and leader of peer to peer communications. After the acquisition was completed, BitTorrent’s CEO and co-founder Mr. Bram Cohen stepped down as Chief Executive Officer of BitTorrent and has joined the TRON foundation as Chief Strategy Officer.
The team behind TRON believes that the internet belongs to the people who use it and does not belong to large corporations such as Google or Facebook. The Tron Foundation wants to build a new distributed infrastructure for data sharing. Their vision is to create a decentralized internet where users have full control over their data.
What is the problem that TRON solves?
At present, content creators are at the mercy of centralized platforms like YouTube which can arbitrarily remove content or demonetize channels at will.