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TRON

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Description

What does TRON do?

TRON is a decentralized content sharing platform that was founded by a Singapore-based non-profit organization called the Tron Foundation. Tron has two main goals. Its main goal is to act as a content spreading medium where consumers will be able to get content directly from its creators without the need for middle-men. Tron’s secondary goal is to run smart contracts, host decentralized applications, and launch new tokens.

While current content-based platforms claim ownership of all hosted content, TRON aims to give ownership rights back to content creators. TRON’s mission is to “heal the internet” by making data free and uncontrolled.

What is TRX used for?

TRX, the native currency of TRON, will be spent by users as a currency to access content on the platform. For example, if a user of TRON wishes to gain access to paid content from another user, they will transfer the appropriate amount of TRX.

In the same way that Ethereum uses Ether to pay for gas needed to run smart contracts and decentralized apps, gas will be paid for in TRX on TRON.

TRX is also used to purchase virtual gifts that can be sent from user to user. This acts as a way for users to “tip” each other as a way to show gratitude for good content.

How can TRX value appreciate?

People are clearly becoming distrustful of centralized content platforms like Facebook, YouTube, and Google Play. TRON’s promise of decentralized content delivery and data liberation may lead to wide adoption of the platform. As more users flock to TRON, TRX will be in higher demand as it is needed to access content on the platform. This will lead to TRX’s price rising.

Another way the price of TRX can slowly increase is through burns, the first of which occurred in March 2017. Burns are events in which TRON destroys some TRX, reducing the total coin supply and resulting in a higher price for existing TRX.

What is the difference between TRON and its competitors?

Since TRON’s main purpose is to act as a content distribution platform, the main competitors of TRON are content delivery companies like Facebook, YouTube, and Google Play. TRON’s decentralization and its mechanism for incentivizing the creation of content are its biggest advantages over the centralized platforms.

Steem is another decentralized content platform, but Steem seems more focused on encouraging its users to create new content than linking existing creators with new users, like TRON.

Since TRON also offers smart contracts and decentralized apps, it competes on some level with projects like Ethereum and EOS. Tron’s main advantage over Ethereum and EOS is its transaction speed of 10,000 transactions per second and its low fees.

  • Mainnet Launch: coming soon
  • Open Source: No
  • Consensus Type: PoW & PoS
  • Technology: Blockchain
  • Total Coin Supply: 100,000,000,000
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Description

What does TRON do?

TRON is a decentralized content sharing platform that was founded by a Singapore-based non-profit organization called the Tron Foundation. Tron has two main goals. Its main goal is to act as a content spreading medium where consumers will be able to get content directly from its creators without the need for middle-men. Tron’s secondary goal is to run smart contracts, host decentralized applications, and launch new tokens.

While current content-based platforms claim ownership of all hosted content, TRON aims to give ownership rights back to content creators. TRON’s mission is to “heal the internet” by making data free and uncontrolled.

What is TRX used for?

TRX, the native currency of TRON, will be spent by users as a currency to access content on the platform. For example, if a user of TRON wishes to gain access to paid content from another user, they will transfer the appropriate amount of TRX.

In the same way that Ethereum uses Ether to pay for gas needed to run smart contracts and decentralized apps, gas will be paid for in TRX on TRON.

TRX is also used to purchase virtual gifts that can be sent from user to user. This acts as a way for users to “tip” each other as a way to show gratitude for good content.

How can TRX value appreciate?

People are clearly becoming distrustful of centralized content platforms like Facebook, YouTube, and Google Play. TRON’s promise of decentralized content delivery and data liberation may lead to wide adoption of the platform. As more users flock to TRON, TRX will be in higher demand as it is needed to access content on the platform. This will lead to TRX’s price rising.

Another way the price of TRX can slowly increase is through burns, the first of which occurred in March 2017. Burns are events in which TRON destroys some TRX, reducing the total coin supply and resulting in a higher price for existing TRX.

What is the difference between TRON and its competitors?

Since TRON’s main purpose is to act as a content distribution platform, the main competitors of TRON are content delivery companies like Facebook, YouTube, and Google Play. TRON’s decentralization and its mechanism for incentivizing the creation of content are its biggest advantages over the centralized platforms.

Steem is another decentralized content platform, but Steem seems more focused on encouraging its users to create new content than linking existing creators with new users, like TRON.

Since TRON also offers smart contracts and decentralized apps, it competes on some level with projects like Ethereum and EOS. Tron’s main advantage over Ethereum and EOS is its transaction speed of 10,000 transactions per second and its low fees.

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