Profile

Overview

Tron is a blockchain-based platform that is created with an aim to allow free sharing and using of entertainment content. It is an open-source protocol that allows users to create, publish, and store data without having to be dependent on centralized authorities.

Tron makes it easier for creators to monetize their products without the need for any regulations of external services. It is a direct bridge between the creators and the consumers, which work through DApps and smart contracts.

It cuts down the middlemen like Amazon, Facebook, etc. and enables the creators to distribute their work without any publishing and creative restriction. TRX is the native coin of Tron. Users can use TRX to get access to the network and to exchange it for the available services on the platform.

History

Tron is an idea of Justin Sun, who is also the CEO of BitTorrent. Justin started to work on Tron in 2014 and established a Tron Foundation in Singapore in July 2017. In December of the same year, he launched its open-source protocol on Ethereum with TRX (ERC-20 token).

On 31st May 2018, Tron launched Mainnet, indicating its migration from Ethereum blockchain to its own consensus protocol. In 2018, Justin completed the acquisition of BitTorrent and began Tron virtual machine (TVM) a month later. In 2019, Sun launched Sun Network, which is claimed to be a DApp chain project which operates on Tron and works on low energy consumption.

Technology

Tron is a decentralized protocol that was initially built on Ethereum blockchain. Access to Tron allows you to use TRX, which is a digital asset for Tron. TRX can be used to pay creators for their content, and they can exchange TRX in return of cryptos and use them for DApps or store them in wallets.

Tron aims to create a bridge between creators and consumers with a peer-to-peer protocol that works through DApps and Smart contracts.

Tron allows the content producers to deliver their work to as many users as possible without any publishing restrictions. It also enables the consumers to access wide options of entertainment at a lower price without any need for an imposed subscription.

Tron is a blockchain-based decentralized platform that aims to build a free, global digital content system with distributed storage technology.