Tron's goal is to become the world's largest blockchain-based operating system, known as the TRON protocol. The TRON protocol will provide decentralized applications via smart contracts with great scalability, availability, and throughput. Solidity developers don't need to rebuild Ethereum EVM-based smart contracts for the TRON network. Tron? TRON protocol is decentralized and provides high blockchain transaction throughput since it does not rely on proof-of-work or mining. This is good for high-speed dapps, such games. TRX.market and the TRON network have already released tokens. TRON bought BitTorrent, a P2P file-sharing protocol, on July 24. Following the acquisition, BitTorrent Token (BTT) was created as the cryptocurrency for the BitTorrent network. The Token will encourage network file sharing and storage.
Justin Sun founded TRON and currently serves as its CEO. He attended Peking University and the University of Pennsylvania and was featured in Forbes Asia's 30 Under 30 series for young entrepreneurs.
He was also previously affiliated with Ripple, working as its chief representative in the Greater China region.
TRON intends to "Heal the Internet" with the following capabilities:
Data liberation: free and unregulated data
Enabling a content ecosystem in which users can acquire digital assets from a content-spreading Personal ICO with the capacity to distribute digital assets
Infrastructure enabling the exchange of distributed digital goods (like as video games) and market forecasts.
This is a long-term project with a series of phases that began in 2017 with Exodus and will culminate in 2023 with Eternity. Below are the main characteristics of each level.
The free platform for peer-to-peer content distribution, storage, and sharing.
Economic incentives implemented to promote content creation and empowerment
Excellent Voyage: Personal ICO Capabilities
Apollo: Content creators' ability to issue personal tokens (TRON 20 Token)
Both Steps 5 and 6 aim to further the decentralization of the gaming sector. They permit developers to freely create gaming platforms and then receive monetary incentives upon the launch of these games.
The ICO for TRX took place between August 3 and August 24, 2017.
Justin Sun, the CEO and founder of TRON, is frequently compared to Jack Ma, the founder of Alibaba. Sun has an incredibly amazing resume at only 27 years old:
In addition to Sun, the team contains several other prominent players. CTO Lucien Chen is a former employee of Alibaba who has vast expertise working with top-tier online firms including Netease, Qihoo 360, and Tencent.
Maorong Lin and Xiaodong Xie are two of TRON's seasoned technical experts. The two employees have years of combined experience in technical development for the entertainment business and internet commerce.
TRON is supported by prominent members of the Chinese business community, including Hitters Xu (founder of Nebulas), Tang Binsen (founder of mobile game Clash of Kings), Xue Manzi (famous Chinese angel investor), Chaoyong Wang (founder of China Equity Group with a $2 billion market value), Dai Wei (CEO of OFO bike), Huobi.com, and many others.
In addition, TRON is currently transferring TRX to the Peiwo APP. This would enable 10 million of its users to exchange tokens back and forth.
While TRON will support other virtual currencies, the official one will be TRX. All other currencies will be need to be exchanged using TRX.
It will be fascinating to observe the development of this initiative, which may eventually cater to a more specific use case within the entertainment business. The TRON team is supported by a huge number of key members of the Chinese corporate community. Additionally, TRON has a solid development team to support these efforts.
With a clear, long-term vision for TRX and the TRON platform and what appears to be infinite funding from investors, it is natural to be hopeful about the success of this project. This is not, however, financial advice.
Please exercise caution while choosing an investment and conduct thorough research. Please follow this link for an in-depth analysis of TRON's white papers. Follow Justin Sun on Twitter to receive regular updates from him.
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