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What is Tron (TRX)?

Written by  Mar 16, 2020

Tron is a blockchain-based technology that struggles to build a digital content environment using a peer to peer decentralised storage system that allows an easy and cost-effective way to share digital content.

History

Founded in September 2017 by a nonprofit organisation from Singapore called the Tron Foundation. Tron is using the blockchain and is a peer to peer network, it is attempting to bridge the gap between content creators and content consumers by eliminating the middleman.

The Tron Foundation mainly engages in operating the Tron Network in the principles of openness fairness, transparency and supporting the development team, under supervision and the regulatory law of Singapore.

Characteristics

The main characteristic of Tron are: Its high throughput achieved by improving the TPS, it has surpassed Bitcoin and Ethereum to a daily-use practical degree. Due to the fact, that is scalable and the usage of smart contracts it can support enormous numbers of users.

It has a reliable network with intrinsic value that provides a higher degree of decentralisation consensus, equipped with a reword distribution system. TRX can also handle up to 2000 transactions per second, in comparison with the 25 of ETH and the 6 of BTC,

The dedicated walled can support even other tokens. The protocol of Tron allows each user to freely publish store and own data in a decentralised autonomous form, letting content creators to decide the distribution subscription or push of content. In the Tron network, you are compensated with TRX for the content you post, this is in direct opposition to how traditional social media platforms monetise data and users from themselves.

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Purpose

Tron aims to put the control back in the content creators’ hands, so in turn, removes the need of the middlemen such as Google or Facebook. This is possible using trimix the native cryptocurrency of the Tron system.

Tron is solving problems such as: High channel fees for creators, it is simple as uploading your content and transactions will be made using TRX with no more fees from third-party companies, Censorship and centralisation, in many countries internet censorship, is still present with the government intervening end deciding what is and what is not appropriate, thus being a decentralised ecosystem, it is free from any interference.

Also, because it is decentralised, the Tron system, allows content creators to upload their content anonymously.

The system also has a reword system prebuilt, that can help users to quickly monetise their online content and earn through clicks from visitors you earn in TRX with no third parties to shrink your profit

You can have your platform where you can upload your content and you can also name your percentage from the clicks, making you in control and because it is not censored in any way it can provide the freedom to post any materials advertising friendly or not.

blockchainAlso see: What is Blockchain?

Summary

We can say that Tron aims to facilitate another decentralised manner for content publishing, by using Tronix it’s native currency to facilitate data sharing in the Tron ecosystem.

If you are new to the Cryptocurrency world and would like to open an account we recommend Cex.io.

Do you find this article useful? Comment below or follow us on Facebook or Twitter.

Carl Brough

Carl comes from a Crypto tech background in Blockchain, his flair and attention to detail is very important to the success of this website. Carl is a freelance journalist who now prefers to work from home and has such a broad range of experience in the alt coin market, we always appreciate his knowledge and ideas.

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