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TRON (TRX) is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries.

Tron is one of many cryptocurrency projects vying to decentralize the internet with blockchain technology. It is a platform built specifically for peer-to-peer file sharing with the goal of competing with centralized media tech giants such as YouTube.

TRON is also one of the most popular blockchains for building DApps.

Network Principles

The data hosted on the TRON network is free with no central authority. Content creators receive TRX tokens – a reward for their intellectual labour;

TRON supports the creation of coins by content makers, which can be used in their own developed applications;

TRON also carries out decentralized games on the network, players can encourage and reward creators with digital assets directly.

The main network protection tool, as well as one of the special features, is a delegated Proof-of-Stake (dPoS) system, an alternative to the Proof-of-Stake and Proof-of-Work consensus algorithms. This is a competitive advantage of TRON, because it means that the network is far more energy-efficient. Furthermore, due to its layered architecture, TRON processes more transactions at once than Proof-of-Work (PoW) systems. According to the development team, TRON has the higher throughput and is able to process up to 2000 operations per second without fees, thus, transactions on the network are feeless.

How TRON Has Positioned Itself?

TRON has positioned itself as an environment where content creators can connect with their audiences directly. By eliminating centralized platforms — whether they are streaming services, app stores or music sites — it is hoped that creators won’t end up losing as much commission to middlemen. In turn, this could also make content less expensive for consumers. Given how the entertainment sector is increasingly becoming digitized, TRON could have a headstart in applying blockchain technology to this industry.

The company also says that it has a talented and experienced developer team, based around the world, that has been drawn from major companies such as Ripple Labs.

Last but not least, whereas some other blockchain projects can be opaque about their plans for development, TRON offers a point of difference by delivering a roadmap that shows its intentions for the coming years.

Whitepaper

Official Website