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General Data and Information. TRON is an open source platform launched in 2017 for the decentralized global distribution of content and entertainment in addition to the deployment of smart contracts. Their white paper was released ahead of their August 2017 ICO on the Ethereum blockchain.
April 2017 - Tron Foundation established. August 2017 - Tron ICO. 31st May 2018 - Tron Mainnet launched. June 2018 - ERC20 tokens migrated to to Tron. 23rd July 2018 - Bittorrent acquired by Tron. Utility. The native coin (TRX) can be used by content consumers to pay creators for in-game assets, or use as currency in gaming or to reward creators directly for their entertainment content or to purchase additional access.
Freezing (staking) TRX tokens results in energy and bandwidth required to interact smoothly with the network as well as the increase in voting power of voting for Super Representatives. Significant Features. Average blocktime of 15 seconds; Total supply of 100 billion TRX; Consensus via Proof of Stake (Fast Paxos). High bandwidth, averaging 2000 Transactions per Second.
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TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The July 2018 acquisition of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem.
The whitepaper of TRON is 40 Pages long.
The most influencial keywords are: Tron, Transaction, Block, Token, Development, Network, Account, Apis, Contract, and Vote.file_downloadOpen Whitepaper
Sia is the first decentralized storage platform secured by blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is more reliable and lower cost than traditional cloud storage providers.
Launched on Dec 25, 2016, Obyte is a distributed ledger based on directed acyclic graph (DAG). Thanks to absence of blocks and miners, access to Obyte ledger is decentralized, disintermediated, free (as in freedom), equal, and open. Obyte is the first DAG based cryptocurrency platform to support dApps. Due to absence of miners and blocks, there is no risk of front-running and other miner manipulation, and dApps are safer and easier to develop than blockchain based dApps. DApps are developed in Oscript - a new language that avoids many unsafe programming patterns common in earlier dApp platforms. Thanks to its safety, Obyte is especially well suited for DeFi apps, some are already available on the platform, such as Discount Stablecoins, some are being developed. Other features include: self-sovereign identity, private untraceable currencies, sending crypto to email using textcoins, and extremely small-footprint libraries suitable for small IoT devices.
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TRON was founded back in August 2017.
Its source code was released publicly on github on December 2017
under the GNU Lesser General Public License v3.0 license.
Organization wise, TRONs Development is Semi-centralized and is being developed under the lead of Lucien Chen.
The consensus on which the TRON network is run is called Delegated Proof of Stake, while
the underlying algorithm is called DPoS.
In the current state of TRON currently is On-going development
TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers base public blockchain support of high throughput, high scalability, and high availability for all decentralized applications in the TRON ecosystem.
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Official Twitter account for TRON
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There are no events for TRON in the next 3 Months
The Google Trends chart displays the search interest on google in TRON relative to its peak over the last year. A rising chart shows growing interest int he project.
Every change to the codebase of TRON is registered as a commit. More active projects have many commits, dead projects nearly none.
Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.
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|sync_problem 33 Open Issues|
|border_color 8.91 % Comment Coverage|
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Convert between TRX and USD with the live TRON prices, aggregated from all big exchanges that trade TRON.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
Justin Sun -
Founder and ceo
Born in 1990 Masters, University of Pennsylvania, Bachelors, Peking University. Former chief representative at Ripple Labs, Greater China Region. 2011 Asia Weekly Cover Person; 2014 Davos Global Shaper, 2015 Forbes China 30 Under 30. 2015 CNTV Rising Star of the Year; 2015 only millennial graduate in the first batch of entrepreneurs at Hupan University. Since July 24th, 2018, TRON acquired BitTorrent Inc. which is an Internet technology company based in San Francisco and became its CEO
As the cryptocurrency craze continues to grow, and the ‘crypto-verse’ expands unabatingly, with Bitcoin leading the crypto-race, newer and sometimes cheaper, smaller and better alternatives have emerged in the market. One of them is Tron (TRX), whose founder created the technology with the sole intention of pursuing a dream of decentralized entertainment industry at large while rendering the middle-party content providing platforms like Facebook, YouTube, and Netflix, etc. insignificant. The technology aims to build a decentralized platform that offers free, global, digital content directly to the consumers (Seth, 2019).
To put things into perspective, what someone might say is an issue with the present-day entertainment industry is that it runs the network of middle-men. When a user wants to download an app, for example, he gets it through App Stores, or if a consumer wants access to movies or series, he has to subscribe to content providing platforms like Netflix or Amazon Prime. This is exactly what Tron aims to eliminate, by providing a digital platform where users can create, publish, store and access their content while having full authority over their creation (Tuwiner, 2018). The protocol strives to develop an ecosystem where the creators can engage with the consumers directly by means of issuing and trading the digital cryptocurrency Tron (The Analyst Team, 2018).
Tron Foundation has created and launched a fully working wallet for Tron coins. The wallet is available on app stores by the name of TronWallet. Apart from Tron(TRX), this wallet also supports many other tokens that are based on Tron protocol.
Tron Foundation has also rolled out a website known as TronScan which serves multiple purposes. Firstly, it is an official exchange to trade Tron tokens. Secondly, it is a platform where users can vote to elect the Tron Super Representatives of their choice. Also, the users can gain all insights into the recent health and activity of the Tron network, user volume and its value.
However, creating wallets and a decentralized DApp platform was never part of the main task of Tron. Tron is yet to create the application that they were dedicated to building, a decentralized platform for entertainment content.
The focal person behind this cryptocurrency is Justin Sun, an ambitious 29- year tech-entrepreneur from China (Seth, 2019). Some people refer to Justin as the protégé of Jack Ma, the founder of Ali Baba. It was due to the untiring efforts of Justin, and his vision and passion to develop a decentralized web, that he founded the Tron Foundation. Justin Sun is heading the team with himself as the CEO of the foundation, taking upon the challenge of promoting the development and marketing of Tron protocol and its products. Unfortunately, Justin Sun has been caught in a lie a couple of times as can be read in the part about Highlights/Scandals.
On June 25, 2018, Tron Foundation observed a major development as they launched their own main-net. Tron was previously based on the Ethereum Blockchain. This shift towards a Blockchain especially designed for Tron by its developers is now celebrated as ‘Tron Independence Day’ among Tron’s community (Holman, 2019).
Tron has rapidly gained popularity among the many different cryptocurrencies and currently, it has persistently ranked in the top 10 cryptocurrencies on many exchanges. Tron Foundation has transformed into a full-house development center since its creation, housing around 400 employees as compared to only 10 at the time of its inception. The team has committed a total of 22 updates to the Tron protocol, more than that of Ethereum or EOS, indicating the regular and fast development of the protocol (Masnavi, 2019).
Tron Foundation, in an exemplary turn of events, recently succeeded in acquiring BitTorrent. This means that with its user-base of up to 100 million active users, Tron has become the “largest decentralized Internet ecosystem in the world”. This is a major step towards the vision of a decentralized Internet and Web 3.0 as defined by Tron’s founder, Justin Sun (Holt, 2018).
However, when everything is going in your and your technology’s favor, then the setbacks and scandal are just close by, waiting to strike. Tron’s price took a major hit when Justin Sun was accused of plagiarizing Tron’s technology from many other peer-to-peer Blockchain technology’s whitepapers. Tron Foundation, however, pointed out that the apparent similarities between the different whitepapers are due to the poor English translation, as the original Tron Whitepaper was published in Chinese and is an original authentic work of its developers (Brown, 2018).
In yet another controversy, Tron’s CEO, Justin Sun, was accused of money-laundering, illegal fund-raising, porn transaction facilitation and gambling by the Chinese media. Tron Foundation released an official statement, disregarding and disapproving the claims while asserting that it is a core policy of Tron Foundation that their protocol should not be used for unlawful purposes (Zmudzinski, 2019).
Justin Sun was also scheduled to co-host a lunch with Warren Buffet in presence of many Blockchainleaders in July. However, the event was postponed by Tron Foundation who claimed that Justin was diagnosed with kidney stones and had to attend to his medical procedures. Some argued otherwise claiming that the postponement was made in wake of the negative news about Justin Sun, who supposedly laundered money, circulating in the media (Steven Russolillo, 2019).
Tron’s protocol is available as an open-source code provided by the Tron Foundation on GitHub. The code is regularly updated and upgraded by the team.
|Transactions per second||Tron boasts a remarkable throughput of 2000 TPS as compared to Ethereum’s 25 TPS and Bitcoin’s 6 TPS.|
|Transaction speed||The transaction speed is much higher compared to other cryptocurrencies. <br />|
|Transaction cost||Tron’s transaction cost is less than that of Ethereum and a lot of cryptocurrencies. In addition to that, Tron provides a daily amount of free bandwidth to its users from which they can process roughly 15 transactions free of cost.|
|Energy consumption||As the Tron protocol is faster and computationally more feasible than Ethereum, its energy consumption is much less than that of Ethereum.|
|Exchange availability||The whole supply of Tron is available in the market. It is already being offered by top exchanges like Bittrex, Binance, eToro, etc.|
|Security||Relatively low. The coin is relatively new/unproven.|
|Adoption||Tron (TRX) has a low acceptance rate compared to other cryptocurrencies.|
|Decentralization||Contrary to its founding principles, Tron has become highly centralized or is pseudo-centralized, as was explained by the former CTO of Tron who quit the project because of that.|
|Product availability||Despite the enormous market capital of $19 billion, there is no product that backs and evaluates Tron.|
|Privacy||Transactions with this coin are pseudonymous.|
A lot of positive development has happened since it broke away from the Ethereum Blockchain but there is still a void to be filled. The leader of Tron, Justin Sun, seems to have good relationships with many market leaders and recent partnerships with exchanges like BitForex and OTCBTC, and companies like Oracle and Aurora, has paved way for Tron to remain popular for years to come.
The most talked-about and visionary project under the umbrella of Tron Foundation is Project Atlas, which aims to shake the entertainment industry and shatter the outdated Web by bringing in a new network of Web 3.0. This involves the decentralization of the whole web community through the use of Tron protocol. Now with the acquisition of BitTorrent and an expanded network of around 3 million users, the hopes of dismantling the web mechanism are high (Down, 2018).
The potential for Tron would be outstanding if the entertainment content platform was completed and the Tron Foundation doesn’t suffer major loss due to scandals.
Since Tron was based on a side chain of Ethereum Blockchain, the main substitute of Tron are all other similar technologies which are based on Ethereum Blockchain. Ethereum itself is considered to be a competitor of Tron, only that it is currently a lot more known safer to use option than Tron.
This year, Tron held a summit in San Francisco and called it niTRON. The event featured a number of exciting announcements regarding Tron. Among them were partnerships with Steemit, Aurora, Oracle and Pantera. Apart from that, Tron is already a partner with notable apps like Peiwo, oBike and Gifto (Qamar, 2019).
Tron has already captured a network of more than 3 million users. The community is increasing rapidly with each passing day. The community contributor team is led by the Blockchain Welfare Foundation who actively works towards the development of the Tron ecosystem. Another online platform by the name of Tron-society has emerged which is made of engaged people who pursue a common goal of expanding a community by making the Tron Blockchainmore reachable to people (Tron Society, 2019).
Tron’s team has grown from 10 people to a staggering 400 people in 2019. The Tron foundation is headed by Justin Sun, who is one of China’s most famous tech-entrepreneur.
|# 1||Binance||TRX/USDT||$ 0.028254||$ 30,629,141||check|
|# 2||Binance||TRX/BTC||$ 0.028438||$ 8,095,924||check|
|# 3||Binance||TRX/ETH||$ 0.028280||$ 3,937,235||check|
|# 4||Poloniex||TRX/USDT||$ 0.028257||$ 1,246,747||check|
|# 5||Binance||TRX/BUSD||$ 0.028256||$ 1,130,348||check|
|# 6||Binance||TRX/USDC||$ 0.028282||$ 675,967||check|
|# 7||Binance||TRX/BTT||$ 0.028219||$ 675,561||check|
|# 8||Kraken||TRX/USD||$ 0.028211||$ 631,250||check|
|# 9||Binance||TRX/BNB||$ 0.028240||$ 520,320||check|
|# 10||Bitfinex||TRX/USD||$ 0.028236||$ 478,028||check|
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