TRON (TRX) is a blockchain platform and cryptocurrency founded by Justin Sun, a Chinese entrepreneur and former representative of Ripple in China.
The main goal of TRON is to build a decentralized ecosystem for digital content and entertainment applications. It enables content creators to publish, store and distribute digital content directly to users, cutting out middlemen and facilitating the exchange of content via peer-to-peer networks.
TRX token, a native token of TRON ecosystem, gained major attention in 2018 when the Tron Foundation, acquired BitTorrent, a peer-to-peer content sharing platform.
Strong, smart, scalable
TRON supports smart contracts that enable developers to create and deploy decentralized applications (DApps) on the TRON blockchain. These smart contracts enable automation, trust and transparency in various applications.
In addition, TRON uses a Delegated Proof-of-Stake (DPoS) consensus mechanism that enables high transaction throughput and faster confirmation times, making TRON more scalable compared to Proof-of-Work (PoW) blockchains such as Bitcoin.
TRON has a virtual machine (TVM) that is similar to Ethereum’s EVM (Ethereum Virtual Machine). The TVM enables the efficient execution of smart contracts in the TRON network.
Moreover, TRON (TRX) coin architecture started out as a token built on Ethereum (ERC-20) until switching to its native TRON blockchain.
Tokenization and DApps
TRON enables the creation and management of custom tokens, allowing users and developers to tokenize assets, create cryptocurrencies and develop decentralized applications.
TRON is growing in popularity, particularly in the entertainment and gaming industries, where it aims to disrupt traditional content distribution models. Its focus on user-friendly applications and partnerships with various platforms has contributed to its growth and acceptance.
This has allowed TRON to build a growing ecosystem of decentralized applications in areas such as gaming, social media, finance and more.
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