Tron

Tron is a blockchain-based, descentralized protocol project that aims to be a content distribution platform for the digital entertainment industry.
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Price
Basic
Initial release:
2017-09-05
Hash function:
SHA256
Smart Contract Support:
Yes
Smart Contract Language:
Java
Consensus Mechanism:
Proof of Stake
Development Community:
Tron Foundation
Tron101

What is Tron?

Tron is a blockchain-based, descentralized protocol project that aims to be a content distribution platform for the digital entertainment industry. The aim of the protocol as the construction of a global and free entertainment content ecosystem, in which creators have the power to freely publish, store, and own their content, interacting directly with consumers thanks to the decentralized issuance, circulation, and trading of digital assets

 

How does Tron work?

The key idea of Tron is designed to ultimately make entertainment content both easier to sell and cheaper to consume. This goal is achieved by putting the content on a blockchain and the creators and consumers in a network of peers, eliminating the middleman.

The Tron network's native token is the Tronix (TRX). TRX can be used by content consumers to pay for the content they want to access on the Tron network. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or used to pay for blockchain services. Tron launched its testnet in April 2018. Previously it was a ERC-20 token.

Tron is not minable. It could only be purchased using other crypto currencies. According to its whitepaper, Tron is a long-term project with multiple phases of development. Currently the project is in phase two known as Odyssey. In this phase Tron offers a free platform for peer to peer distribution, storage, and content. It attempts to encourage the adoption and creation of an ecosystem owned by content producers and consumers with something similar to a proof-of-stake model. Under TRON’s improved POS consensus, several voted nodes, which share same rights and deployed by global users themselves, cooperate to accomplish calculation tasks.

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