TRON is a controversial, yet influential, player in the crypto space.
Led by the charismatic Justin Sun, TRON’s Singapore-based network has initiated an aggressive strategy recently to acquire various infrastructural elements of the crypto space, allowing it to greatly expand in just about two years.
The group’s first major acquisition was BitTorrent, a peer-to-peer file exchange protocol, snagged for $120 million in June 2018. That buy gave TRON the ability to offer the BTT token — which could be used as an incentive for people to seed files on the BitTorrent network with hosts getting paid in the tokens.
Next came the purchase of CoinPlay, a blockchain “DApp” — or decentralized app — store in March.
Then, just last month, Sun acknowledged, following increasing speculation, that he was part of a group of investors seeking to acquire the Poloniex exchange from Circle. Since Sun took part in the acquisition of Poloniex, it has made several pro-TRON moves. Poloniex, for example, “acquired” the largest decentralized exchange on the TRON network, TRX Market, with the aim of rebranding it to “Poloni DEX.”
Even more recently, a Chinese news site leaked that TRON could be set to acquire the blockchain network, Steemit.
While this sort of M&A is normal among traditional businesses, these acquisitions are unusual in the crypto space. It’s also an untested strategy in the way that public networks can participate in these efforts and integrate new entities into their ecosystems. The buys have, however, placed the burgeoning strategy of Sun and his network back into the spotlight. A place they have shown to be quite comfortable.
At its core, TRON is a delegated proof of stake (dPOS) network. The TRON blockchain works on top of the TRON virtual machine (TVM) which is analogous to the Ethereum Virtual Machine (EVM).Founded in just 2017, it now claims a throughput of 2,000 transactions per second and aims to be a fast, scalable, and responsive smart contract…