Tron (TRX)

Official Website: https://tron.network/

What is Tron?

Tron (TRX) is a blockchain platform that was launched as the foundation for a decentralized entertainment system. Created by ‘crypto whiz kid’ Justin Sun, Tron focuses on changing the way we consume digital content, by expanding the market and making it decentralized. They do this using peer-to-peer (P2P) network technology, making it easier to create and consume without the middleman. The Tron mainnet launched in June 2018 and has since expanded to become a blockchain-based OS. Tronix (TRX) is the proprietary cryptocurrency token of the Tron blockchain.

Adoption of blockchain technology is limited in part because of the difficulty many developers face in learning to build from scratch on entirely new protocols. Tron is designed to ease this transition and therefore accelerate the adoption of the decentralization of existing platforms and creation of new dApps.

Tron Statistics 

 

Circulating Supply 

66,682,072,191 TRX 

Maximum Supply 

No Date 

All Time High 

$0.300363 

Blockchain Statistics 

 

Consensus Algorithm 

Delegated Proof-of-Stake (DPoS) 

Average Block Time 

15 Seconds 

Transaction Cost 

Free 

Transaction Speed 

2000 tx/s 

Mining

CPU/GPU Through Ethereum Network 

Staking

Tron Voting Elections 

Block Explorer 

https://tronscan.org/#/ 

Social Media Statistics 

 

Twitter Followers 

456,000 

Telegram Group Users 

35,535 

Reddit 

71,300 

Team

Justin Sun is the main person who started Tron. After previously founding Peiwo, one of the largest streaming apps throughout China and working at Ripple as the Chief Representative. He started his senior education at Peking University and eventually got chosen by Jack Ma to study at Hupan University, being the only Millennial on the course. Along with Sun, there is a team of well-experienced mentors who help support the development of the company, including notable names Tim Berners-Lee and Feng Li. Tron have over a 100 employees made up of experienced blockchain enthusiasts with great expertise, helping with the development of the company and the token. In the beginning Sun used a lot of Ethereum’s coding, as well as different parts of alternative start-up’s white-papers to eventually write his own. 

Roadmap

TRON Foundation was established in September 2017 by current CEO Justin Sun. On June 2018, TRON’s team launched its first mainnet, otherwise known as its own proprietary blockchain. This is when they migrated all the Tronix (TRX) tokens that had previously been circulating on the Ethereum blockchain (ERC-20). The event has been referred to as ‘TRON Independence Day’.

Stage 1: Exodus – This stage was set to last until December 2018, solving the problem where the personal data of internet users was not used by big tech companies, but decided on their own terms. Justin Sun set out on creating a safe space where all data is valued. TRON’s decentralized nature should help users to share and store their data safely. 

Stage 2: Odyssey – Odyssey is the next stage in which Tron hope to lower all their fees, as well as the royalties taken by third parties. In other words, they are looking for ‘content empowerment’. Along with this main goal, they will develop a suitable payment system for the project. Tron will also finish typical updates, upgrades and add new features. 

Stage 3: Great Voyage – Planned to begin in June 2020, the TRX platform will hopefully be developed enough by this point to make it possible to be able to control dividends and income. This should allow Tron to include the management of supporters.

Stage 4: Apollo – By this time Tron hope to have the platform working like the Ethereum Network, being able to launch ICO’s, tokens, dApps etc. Hopefully, these would be used by some of the users. The team at TRON have the concern of attacks and/or hacks, so are looking to make their eco-system ‘hack proof’. Tron will be working on developing different protocols enabling them to cover any troubling scenarios, in an attempt to prevent attacks and/or bugs in the network. 

Stage 5: Star Trek – Given that Tron (TRX) was launched as a gaming coin, the TRON Network should start to begin the process of taking over the functions of a gaming platform in this stage. TRX gamers should hopefully be able to receive the benefits of rewards and achievements through the perks of a decentralized system. 

Stage 6: Eternity – Scheduled to finish in 2037, Eternity is smartly named as such because the TRON project should have completed all their main objectives, updates and upgrades leaving a completely functional decentralized blockchain-based gaming platform. TRON’s aim is to be the biggest decentralized gaming platform in the world by 2037, but preferably doing so before. 

Mining

Decentralizing the Internet

Tron are pushing for blockchain-based decentralized platforms. This is to allow peer-to-peer (P2P) networks, for a free, global digital content entertainment system. Allowing for easy and a more cost-effective sharing of digital content. Peer-to-peer (P2P) enables a bridge between content creators and their consumers; eliminating any middlemen looking to put their hands in people’s pockets. This allows a cost reduction for the consumer, plus the content producer receiving their payments directly. This process is to address the significant issue of a few, very powerful corporations like Google, Facebook, Netflix and such from controlling the internet and its content.

Speed and Efficiency 

Tron are pushing for blockchain-based decentralized platforms. This is to allow peer-to-peer (P2P) networks, for a free, global digital content entertainment system. Allowing for easy and a more cost-effective sharing of digital content. Peer-to-peer (P2P) enables a bridge between content creators and their consumers; eliminating any middlemen looking to put their hands in people’s pockets. This allows a cost reduction for the consumer, plus the content producer receiving their payments directly. This process is to address the significant issue of a few, very powerful corporations like Google, Facebook, Netflix and such from controlling the internet and its content.

Where to Store Tron (TRX)

https://tron.network/wallet?lng=en provides many different wallets through their site for the storage of Tron (TRX). You can find Mobile, Desktop, Hardware and Paper wallets from different providers all featured on the site. Most of these wallets are unofficial and developed by the community to improve and provide services on the open-source network.

If you are new and looking to buy Tron (TRX), Exodus wallet is a good wallet to consider. BC Bitcoin have produced a helpful guide on how to set up these wallets and how to receive TRX.

Where to Buy and Sell Tron (TRX)

You can Buy & Sell Tron (TRX) by heading over to the Buy Coins page of our website. Tron (TRX) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying TRX has never been easier, simply place your order and provide your wallet address. Once your payment arrives TRX will be sent directly to your wallet. If you choose to Sell Tron (TRX) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the ‘Sell Coins’ page.

Conclusion

Tron (TRX) is still a pretty new cryptocurrency but has solidified itself in the top 15 coins by market capitalisation. They have a very detailed plan for the near and late future with some pretty big goals they want to achieve. As one of the only cryptocurrencies aimed at providing a platform for content distribution, this helps set them aside from a lot of the other cryptocurrencies. Designing and planning for a decentralization of the internet, and not just an exchange of currency, is an attempt to deprive the middleman from taking fees. They are also one of the few cryptocurrencies with well-established plans of moving into the gaming industry, which is a great idea as this is an industry which seems to be forever growing. This along with a faster transaction speed per second and a well-established roadmap should mean Tron will do well in the foreseeable future.

Tron (TRX) Resources

Tron Website: https://tron.network/
Tron Explorer: https://www.trxplorer.io/home
Tron Github: https://github.com/tronprotocol
Tron Whitepaper: https://tron.network/static/doc/white_paper_v_2_0.pdf

Social Media 

Facebook: https://www.facebook.com/tronfoundation/
Telegram: https://t.me/tronnetworkEN
Twitter: https://twitter.com/Tronfoundation
Reddit: https://www.reddit.com/r/Tronix/

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.

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