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Not to be confused with the 1982 Sci-Fi film starring Jeff "The Dude" Bridges, TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system on the Blockchain, complete with a distributed storage technology. The protocol allows each user to freely publish, store and own their own data. As the TRON blockchain is in a decentralized autonomous form, the platform decides the distribution, subscription and push of content, thus forming a decentralized content entertainment ecosystem.
TRON was founded by Justin Sun, the former Chief Representative of Ripple in Greater China, and according to coinmarketcap.com, an authoritative virtual currency information website, the total market value of TRON official tokens (TRX) was ranked in the Top 40 with a value of more than $160 million as at mid-month September last year. Moments after its initial coin offer(ICO), TRON made over 80% appreciation, trading at around $0.00325.
The TRON team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups. Hence, TRON has established a Singapore based foundation, a nonprofit organization that mainly engages in operating the TRON network in the principles of openness, fairness, transparency and also supporting TRON's development team. Currently worth over $3 billion as at the time of writing and ranked among the Top 14 highly valued cryptocurrencies on coinmarketcap.com. I envision that, dropping $1000 in acquiring some TRON (TRX) and holding for a minimum of 5 years might get you a nice property, someplace beautiful around the cities of Port-Harcourt or Lagos in Nigeria.
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With so much plans to implement on its road-map, some of the upcoming plans featured in its road map include:
- Test net to be launched on March 31st 2018, while the Main net will be launched on May 31st, 2018.
- No exact date yet, has been set for TRON coin burn which will inevitably pump the price. A Ripple like mechanism has been proposed to be put in place, which burns a little amount of TRX with every trade. There won't be a mass coin burn which would significantly reduce the supply.
- The official blockchain wallet is still under development and will be announced at a later date once it is up and running. Holders of TRON are currently making use of the MEW, Jaxx,MetaMask and/or trading TRON at the different listed exchanges.
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Risk Notice: Investing in Cryptocurrencies is a high risk investment. Please buy carefully according to your own risk bearing capacity. Never forget to do your own research.