TRON is a decentralized protocol based on the blockchain with the goal of creating an entertainment system around the world with free content thanks to distributed storage technology and the blockchain. By using the TRON protocol, users are able to publish, store, and own data. While using the autonomous decentralized form, they can choose how to distribute the data. The form also allows subscriptions and pushing content by releasing and then circulating the digital assets.
The very first TRON-compatible entertainment app will be the Peiwo App, which has more than 10 million users.
Who is behind TRON?
The CEO of Tron is Justin Sun, who was chosen by Forbes Asia for their 30 under 30 list. He founded the chat app Peiwo and was also was the former representative of Bitcoin settlement platform Ripple in China. Justin is also the protege of Jack Ma, the founder and Executive chairman of Alibaba.
Justin Sun, Image from Forbes
Tron have established a large team of developers and advisors which you can view on their homepage here.
What Is the TRON Foundation?
The TRON Foundation is based in Singapore and follows the principles of Sir Tim Berners-Lee. He argues that the protocol should be used to help people instead of making profits for smaller groups. The TRON Foundation is a nonprofit that operates the TRON network while following its key principles of transparency, fairness, and openness. Any “profits” the foundation earns are considered surplus and are held onto for later use in the form of events and activities. Members never participate in or benefit from the profit distribution.
What Separates TRON from Centralized Protocols?
Because it is a decentralized content protocol, TRON has several important differences from centralized ones. Data are uncontrolled and free, letting users store, upload, and spread videos, audio, pictures, characters, and more without limits. It also provides content enabling, meaning that users get digital assets by providing and then spreading content, so a content ecology evolves.
TRON takes a personal approach to an ICO, with an individual being able to contribute freely. Others may buy digital assets to take advantage of services and other benefits. Finally, the digital assets are distributed and use a decentralized infrastructure that includes forecasts, game systems, autonomous gaming, and a distributed exchange.
What Are TRON’s Core Values?
To keep TRON on track with its developers’ vision, the protocol has several core values that must always be followed. Users who create data will always have fundamental ownership of that data. This goes along with the idea that the internet is ideally decentralized, both of which are inspired by Berners-Lee.
TRON also says that anyone who contributes ecologically is entitled to profits of a proportional value. Additionally, all types of contribution have the same value and time invested to provide fairness. Because TRON focuses on the people instead of making money, the content should align with this goal. The objective should remain to share quality content and art for others to enjoy and appreciate.
Most importantly, TRON’s main goal is still providing services for the people in the public. Instead of trying to make money, like most other protocols based on the blockchain, TRON simply wants to serve people who want entertainment via content viewing. With its success, everyone who participates in TRON will benefit, which is enough of an advantage with no need for financial gain.
What Is TRONIX?
TRONIX (TRX) is the currency for TRON and forms the basic unit that all accounts in the TRON blockchain use. All other tokens get their value from TRON’s value. If a user locks their TRONIX, they can get TRON Power, which is essentially locked TRON. TP is a type of TRONIX that comes with a right to vote, providing holders with additional privileges over those who hold regular TRONIX.
How to Buy Tron TRX
You are not able to purchase TRX with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then swap that for TRX at an exchange such as Binance.
