Introduction to TRON
What problem does TRON solve?
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).
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).
Ivan on Tech: What is happening to TRON? Analyzing Github - Programmer explains.
What is TRON
What does the cryptocurrency TRON actually do?
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
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.
Who is behind TRON
What team is working to make TRON successful?
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.
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.