TRON

What is TRON?

What is TRON?

TRON (TRX) is a decentralized entertainment and content-sharing platform which uses blockchain and peer-to-peer (P2P) technology. You can create and share content with anyone using the platform. TRX or Tronix is the native currency of the blockchain and it is the currency that pays you for your content. The force behind the network is the TRON Foundation, which is a non-profit organisation based in Singapore. The foundation is led by Justin Sun, a successful asian tech entrepreneur.

Screenshot: tron.network

Source: tron.network

TRON focuses on the social aspect of a cryptocurrency network. Users can share content with other people which makes it similar to social media platforms like Facebook or Instagram. However, content creators are compensated for the content that they create. Similar to the way YouTube or Twitch reward their users by showing ads before videos, TRON rewards content creators without taking a percentage of the revenue. The revenue for your content is paid in Tronix.

 

 

TRON Roadmap

Tron is a long-term project with a set of phases beginning with Exodus in 2017 and ultimately leading to Eternity in 2023. Each phase extends the features and functionality of the platform.

Screenshot TRON Roadmap

The TRON Roadmap

Exodus

The first phase of the project is Exodus. It enables simple distributed file sharing on the TRON platform. In this phase the platform is not using any blockchain technology.

Odyssey

The second phase enables incentives for content creators. Users are rewarded for creating and sharing content on the platform with a certain tipping scheme instead of clicks and views. Clicks are easily reproduced so they are not ideal for measuring the reward.

Great Voyage and Apollo

The next two phases allow content creators to further expand their personal brand through the creation of their own tokens. Moreover, TRON develops a blockchain application platform similar to Ethereum. This allows users to program smart contracts and for example create personal tokens.

Star Trek

Star Trek creates a decentralized online gaming platform.

Eternity

The last and final phase allows developers and creators to fundraise projects over smart contracts using the TRON platform.

 

How does TRON work?

TRON uses the UTXO-based commercial model which is also used by Bitcoin. The consensus mechanism used by TRON is proof of stake. TRX coins can be locked by users to receive TRON power (TP). TP gives users a voting right in the network. The longer your tokens are locked away, the more TRON power you receive. The voting right of a user is used to vote for a block validator that confirms transactions in the network.

 

How to buy TRON

You can buy TRON with US dollar on Bitfinex. If you want to change your Bitcoin or Ethereum for TRON you can also use exchanges like Binance or Bittrex.