What is TRON? All information about TRON and TRX coin

• Overview of TRON
• What is TRON?
• Highlights of TRON
• Structure of the TRON . network
• How to make money in TRON
• The development team, investors of the TRON . project
• Development roadmap
• Overview of the TRX coin
• What is TRX?
• Details about TRON
• Allocation of TRON
• Where can investors buy and sell TRON?
• What is the future of the TRON project?
• summary

Overview of TRON

What is TRON?

TRON (TRX) is a blockchain platform created for developers building decentralized projects. In addition, creators can bring entertainment content to a wide audience for free thanks to advanced  blockchain technology .

The mainnet of TRON was launched in June 2018, so far it has become a blockchain platform of choice for many developers to launch their projects.

TRON is known for its community of users and developers around the world. The project aims to make the Internet a completely decentralized place of posted content, free finance, and solid infrastructure. 

TRON is named as one of the largest blockchain ecosystems in the world. With the use of the DPoS consensus protocol, there is an optimal ability to consume energy, helping the network to increase the speed of processing transactions faster, better scalability, and more accessible to other networks. decentralized application. 

In fact, the application of blockchain technology is a rather complicated process. Many development teams are still struggling with the macro knowledge to be able to build completely new protocols.

Therefore, TRON is designed to solve this problem, the project proceeds to accelerate the decentralization of existing platforms and accelerate the development of new decentralized financial applications.

Since launch, there have been more than 400 DApps in operation and over 100 million transactions recorded on the TRON blockchain.

Highlights of TRON

TRON was originally set up to be able to function as entertainment content hosting networks. In it, content creators will produce and users will pay to buy the right to use. 

In addition, project developers can launch DApps by leveraging resources on the TRON network. At the same time, software developers can use the Solidity programming language to create or customize applications that run on this platform.

Distinctive features of TRON include:

• The TVM virtual machine system that powers TRON's smart contracts is always compatible with Ethereum, helping Ethereum projects simplify the transition to the TRON network.
• Investors can make transactions on the TRON network for free and without commission thanks to two scales, Bandwidth and Energy.
• The costs on the TRON network remain lower compared to Ethereum.
• Unlike the Ethereum network, when users deposit other tokens into the TRON network, those tokens can be used to pay for costs in the system without having to use TRX.
• Developers have the opportunity to create decentralized financial applications not only in the main language of the protocol (Java), but also in a variety of other languages, including Scala, C++, Python and Go with the support of the Protobuf data numbering structure.
• The average confirmation time for each transaction is one minute. In order for a transaction to be confirmed, the system will use 19 blocks in the network, of which the new block generation time is about three seconds.

Structure of the TRON . network

Core system layer

TRON uses a virtual machine (VM), computers send commands written in Java or Solidity to the server, which is then translated into bytecode that can be run on any system. . 

This means that TRON has the ability to store centrally, each transaction on the network must be transmitted to the whole system. This is also how this protocol keeps track of the balances of the accounts.

Application layer

This is where applications and smart contracts interact with the TRON blockchain. This class is created for companies and development teams to use to launch new products and services.

Storage class (Storage)

This is the storage area for information recorded by users and smart contracts directly on the blockchain. 

DPoS . consensus algorithm

The TRON network uses a consensus algorithm called DPoS (Delegated Proof-of-Stake) and is in charge of verifying transactions or proposing to initiate new blocks by a group of 27 members. The representatives of this network are not fixed, but change continuously according to the rule of 6 hours.

How to make money in TRON

Investors can stake TRX coins to earn passive income. Staking on the TRON network is to participate in activities in the system such as validating new blocks. 

New block generation time in the TRON network is approximately every three seconds. And the reward for each such successful creation is currently 32 TRX. That is, every year 336,384,000 TRX is paid to users for staking TRX on the TRON network.

The development team, investors of the TRON . project

TRON . Development Team

The TRON development team was once suspected of copying the entire source code, structure and infrastructure of Ethereum. However, when TRON project CEO Justin Sun was nominated for the Nobel Prize in Economics, there was also a great deal of buzz for the project and the entire development team. In addition to the elite team of BitTorrent participating in the TRON Foundation after the merger, the project also possesses other prominent faces as shown below. 

Investors, partners of TRON

Investors in the TRON project include:

• Jihan Wu: CEO of BITMAIN
• Shuoji Zhou: Top Partner FBG Capital
• Hitters Xu: Founder of Nebulas & ico365
• Weixing Chen: Founder of Kuaidi
• Charles Xue: A famous financial investor
• Mingshan Yin: Founder of Lifan Group
• Binshen Tang: Founder of Clash of Kings
• Chaoyong Wang: Founder of ChinaEquity Group
• Linke Yang: Founder of BTC China

In addition, TRON has also received interest from major companies in the technology field such as Samsung, Opera, Poloniex, Swisscom Blockchain and others.

Development roadmap

Stage 1 – Exodus

The first stage of development is named Exodus and ends in December 2018. At this stage, users can easily access, upload, share and store their data through one system. Decentralization that TRON has created.

Stage 2 – Odyssey

The Odyssey phase begins in January 2019 and ends in June 2020. At the end of phase 2, all TRX payment transactions will be multichannel processed.

Stage 3 – Great Voyage

Phase three was held in June 2020 and marked by the ICO event. At this stage, the TRON platform is developed to be able to manage shareholders, shares, revenue and includes management rights from backers.

Stage 4 – Apollo

This phase is similar to phase three as marked by a subsequent ICO. During this phase of development, the TRON network will launch its own tokens and distribute them to users.

Stage 5 – Star Trek

The TRON network at this stage will operate a dedicated gaming platform to bring TRX into gaming applications.

Stage 6 – Eternity

Cleverly named “Vinh Hang”, phase 6 is also the final phase of the TRON project that will end in 2037, when the project has completed all its goals and completed all features for the TRON project. a decentralized gaming platform based on blockchain.

Overview of the TRX coin

What is TRX?

TRX is the native token of the TRON network, initially this coin has an ERC-20 standard. But then the project switched to using a private blockchain in 2018 and is now the TRC-20 standard.

TRX is used to pay content creators to buy in-game assets, other in-game access (VIP Pass), or to donate directly to publishers. 

Details about TRON

• Ticker: TRX
• Total Supply: 101,888,338,635 TRX
• Blockchain Network: TRON

Allocation of TRON

• Public Sale: 40%
• TRON Foundation & Ecosystem: 35%
• Private Sale: 15%
• Initial Partner/Investment: 10%

Where can investors buy and sell TRON?

TRX has now been listed on most major exchanges such as Binance, KuCoin, Huobi Global , Gate.io, Poloniex, Bitfinex…

What is the future of the TRON project?

In May 2019, cybersecurity testing service HackerOne proved that a single computer can cripple TRON's entire network. This discovery shows that just a series of requests sent from a single PC can overload memory and cause DDoS (Distributed Denial-of-Service) attacks.

Besides, the TRON project also has a lot of FUDs in the development process, even thanks to those news, the project can be developed into what it is today.

However, the project is still building a content distribution platform and many decentralized financial applications, allowing content creators to directly connect with users.

In fact, distributing content and controlling its use is a challenge for the creative industry. From images, videos, texts, to music are being plagiarized continuously. And TRON was created to address that challenge with blockchain technology.

Some official information channels of the project that investors can follow are:

Website  | Twitter  | Telegram  | LinkedIn  | Reddit

summary

Above is all information of the TRON project and the TRX coin. Overall, the TRON platform is still in the early stages of development. If it wants to catch or surpass current popular blockchain platforms like Ethereum , Cardano then TRON needs to go at a fast pace for a long way.

• Telegram Enables USDT Stablecoin Payments on Tron . Network
• Scam corner: OpeNFT collection owner fled after raising 227 ETH