TRON is a blockchain-based operating system aiming to ensure this technology is fit for everyday use. Whereas Bitcoin can manage up to six transactions per second and Ethereum up to 25, TRON insists that its network has potential for 2,000 TPS. This project is best explained as a decentralized platform centred on content sharing and entertainment — and to this tip, one of its most significant accomplishments was the file-sharing service BitTorrent back in 2018.
Overall, TRON has carved its goals into six stages. These include giving simple distributed file sharing, compelling content creation for financial rewards, enabling content creators to launch their tokens and decentralizing the gaming business. TRON is also one of the most successful blockchains for building DApps.
Founders of TRON
TRON was established by Justin Sun, who now works as CEO. Taught at Peking University and the University of Pennsylvania, he was acknowledged by Forbes Asia as one of the 30 Under 30 series for entrepreneurs.
Born in 1990, he was also connected with Ripple in the past. He is serving as its chief representative in the Greater China area.
How is TRON Unique?
TRON has placed itself as an environment where content creators can attach with their fans directly by dropping centralized platforms — whether app stores, streaming services, or music sites — it is assumed that creators won’t waste as much commission to intermediaries. In turn, this could also create content less expensive for customers. Given how the entertainment division is frequently becoming digitized, TRON could become a headstart in employing blockchain technology in this industry.
The company states that it has a skilled and experienced developer team based throughout the world that has been drawn from significant companies like Ripple Labs. Last but not least, whereas other blockchain projects can be concealed about their development plans, TRON offers a point of difference by delivering a roadmap that reveals its intentions for the coming years.
TRON (TRX) Coins in Circulation
TRON has a complete supply of just over 100 billion tokens — and at the moment of writing, about 71.6 billion of these are in circulation.
When a token sale was in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion were earmarked for initial coin offering participants. The Tron Foundation was granted 34 billion, and a company controlled by Justin Sun got 10 billion.
All in all, this suggested that 45% of TRX supply moved to the founder and the project itself. At the same time, 55% was divided among investors. Critics argue that this is a much larger ratio than what has been observed with other cryptocurrency projects.
TRON Network Security
TRON utilizes a consensus mechanism that is recognised as delegated proof-of-stake. TRX owners can stop their cryptocurrency from getting Tron Power, which means they can choose “super representatives” who work as block producers. These block producers get TRX rewards in exchange for verifying transactions, and these rewards are then distributed among the people who decided for them. According to TRON, this strategy helps its blockchain to gain higher levels of throughput.
Buying TRON (TRX)
It is possible to purchase Tron from dozens of the exchanges registered on – including Poloniex, Bitfinex, Bancor, KuCoin, Binance, Coinbene and others. However, it is not backed by Coinbase.