What Is Tron and How to Buy It? – The Capital

TRON (TRX) is a blockchain platform launched to become the foundation of a decentralized entertainment ecosystem. TRON seeks to become a network that allows content creators to have a close relationship with consumers and without any intermediaries. The Tron platform and its Tronix cryptocurrency offer an exchange environment for creators of digital content and online training. The Tron ecosystem, whose official token is the Tronix, was launched by Justin Sun, a controversial young man and visionary of blockchain technology, CEO of an app called Peiwo (the so-called “Chinese Snapchat”) and former CEO of Ripple in China. In 2017, Sun founded a Singapore-based non-profit organization under the name TRON Foundation. However, it wasn’t until June 2018 that TRON’s core network came to light. Today it is the eponymous non-profit foundation that watches over its progress and supports its development.

The project is based on decentralized and open-source software that uses blockchain technology and P2P networks to promote direct interaction between creators and their users. Tron is a distributed storage infrastructure that allows its users to access entertainment content from anywhere in the world without resorting to third parties and, therefore, without “selling” their personal data. In addition, creators can operate online without paying fees and commissions to third parties (as is the case, for example, in Google’s PlayStore), thanks to the content management system implemented. Since it is a free service, both creators and users are rewarded with TRX and are encouraged to finance and contribute to the platform.

Its innovative technology allows adding multiple blockchains and smart contracts that include Bitcoin, Qtum, Ethereum and EOS, among others. The platform operates around its Tronix token, which until now was based on the standard Ethereum ERC-20 token. Tron enables transactions within the platform and is capable of storing information in the form…

Source Link