TRON has made a lot of noise in the crypto industry, primarily for the right reasons but also for causing some controversy. Its Tronix cryptocurrency (TRX) has made it into the top ten most valuable currencies in the world in 2018.
TRON is a multi-purpose smart contract platform for developing and deploying decentralized applications (dApps). It utilizes a delegated Proof-of-Stake (DPoS) consensus process, which improves efficiency but sacrificing genuine decentralization and resilience to censorship. Founded in 2017 by tech entrepreneur Justin Sun, Tron is a permissionless protocol that aims to democratize the content distribution industry. Its native coin is called Tronix (TRX). Without contributing a dollar to Tron, you may use TRX to transact with content creators. All TRX transactions on Tron are completely free. TRX was previously an ERC-20 token based on Ethereum but switched to its own platform in 2018.
Tron’s blockchain then conducts this data exchange across three layers:
The TRON consensus process is based on a Delegated Proof-of-Stake (DPoS) system in which the network’s blocks are created by 27 Super Representatives (SRs). TRX account users who have frozen their accounts can vote every six hours for a selection of SR candidates, with the top 27 candidates being designated as SRs. Voters can select SRs based on a variety of criteria, including programs supported by SRs aimed at increasing TRX usage and prizes provided to voters.
The accounts of SRs are regular, but their vote accumulation enables them to create blocks. Every three seconds, the TRON protocol network creates a block, with each block paying 32 TRX to Super Representatives. Each year, the 27 SRs will get a total of 336,384,000 TRX. Reward payments are paid to a sub-account in the super-ledger after an SR completes block production. Meanwhile, SRs can inspect but not directly utilize these TRX tokens.
Tron enables developers to create and deploy decentralized apps (dApps) for virtually any purpose, including online games, decentralized exchanges, yield farms, and open lending systems. Tron’s core purpose is to provide individuals with access to material that is not geographically, censorially, or otherwise constrained. TRX is used by network users to pay content providers for access to their apps, bypassing corporate intermediaries like as Amazon or Netflix. Simply put, this means that people who own Tron will have complete control over the data they generate, including the manner in which it is transmitted to the public. Users can keep their cryptocurrency holdings on a desktop computer, a mobile device, or a hardware wallet.
TRON is designed to power a decentralized internet in which users may access material without regard for geographical boundaries, censorship, or restrictions. It incorporates a variety of elements that contribute to this purpose, including the following:
Purchasing TRX tokens and utilizing them to access content and services on the TRON network directly benefits the author.
Private Sale was conducted on January 8, 2017
Public Sale was conducted on August 30, 2017
The TRON team comprises of an A-list team of Asian origin, mainly from China.
JUSTIN SUN: Is the CEO of TRON and founder of Peiwo App, a music streaming platform which is the first compatible TRON entertainment App. Peiwo already had over 10million users prior to its integration with TRON. Justin graduated from the University of Pennsylvania, and apart from Peiwo App, he is also the 2015 &2017 Forbes China and Asia, 30 under 30; Former chief of Ripple in Greater China, Global Shaper, World Economic Forum; and a Protégé of Jack Ma, Founder of Alibaba Group.
JIHAN WU: This is definitely an all-star guy. He is the co-founder BITMAIN who studied economics and Psychology in Peking University, Beijing China. Bitmain’s headquarter is in Beijing, with offices in Amsterdam, Hong Kong, Tel Aviv, Qingdao, Chengdu and Shenzhen. Having Jihan Wu as an investor in TRON further reinforces the viability of the company.
SHUOJI ZHOU: He is a founding partner of FBG Capital who studied at the University of Electronic Science and Technology of China Chaoyang District, Beijing, China. His LinkedIn profile further illustrates how big this guy is.
HITTERS XU: Is the Founder of Nebulas & ico365.
BINSHEN TANG: Is the Founder of Clash of Kings with over 10 million MAU worldwide. CHAOYONG WANG: is Founder of China Equity Group with over 2 billion USD market value
WEI DAI: Founder of the biggest shared bicycles provider in China with estimate value over 3 billion USD.
WEIXING CHEN: Founder of Kuaidi, famous angel investor.
CHARLSE XUE: Famous angel investor
MINGSHAN YIN: Founder of Lifan Group with over 2 billion USD market value.
LINKE YANG: Founder of BTC China.
JIANG LIU: Founder of Trends Group which is the largest publisher of fashion magazines in China.
LIFEN WANG: Famous media personality in China who made Jack Ma famous in early 2000s
UNCLE: The biggest Key Opinion Leader in China with over 10 million fans
Despite the fact that Tron appears to be a low-cost cryptocurrency, it is vital to keep in mind that the market cap is rather significant. Tron, according to many, has the potential to develop much more in the near future. In light of this, cryptocurrency investments may be worthwhile, especially in light of the growing popularity of decentralized applications (dApps).
Find more information about:
Website: https://tron.network/
Whitepaper: https://tron.network/static/doc/white_paper_v_2_0.pdf
Twitter: https://twitter.com/trondao
Telegram: https://t.me/tronnetworkEN
Discord: https://discord.com/invite/hqKvyAM
Reddit: https://www.reddit.com/r/Tronix/
Medium: https://medium.com/@Tronfoundation
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Marshall
Coincu Ventures
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