The Tron blockchain project was founded by Justin Sun, and it became online during mid-2017. It started life as an Ethereum-based platform, with an ERC20 token called Tronix or TRX. Then it became independent about one year later.
The founder is Justin Sun, and he’s very ambitious. He wants to use its blockchain technology to decentralize the web. That will allow content creators to offer their work directly to consumers without the need of the central authorities that usually monetize their work and share only a percentage with their creative people.
The Tron Foundation also bought the BitTorrent network a few months ago. BitTorrent is already the world’s largest decentralized P2P network. It includes a hundred million unique users per month. In this network, all those users share their bandwidth and their content, which consists of all kinds of things. Movies, books, audiobooks, courses. Anything you can imagine.
BitTorrent will be merged into the Tron network in the next few months. That will make Tron the world’s largest decentralized network by far. It will boast even more users than the Bitcoin network. Also, the new system will include a native token called the BitTorrent token that will fuel transactions in the BitTorrent network, thus incentivizing users to share their content and their bandwidth.
As things stand right now, Tron is already the world’s most active platform when it comes to decentralized applications. While the network’s project token is TRX, and it remains the 10th world’s largest by market capitalization, Tron includes two independent technologies that allow issuing new tokens. Several such Tron-based tokens have been launched in the network already. The two best examples are the BitTorrent token, and USDT-Tron, which is a stablecoin issued initially by Tether backed by the USD.
Does it all sound somewhat complicated? Well, it is. Tron is a very versatile and extensive blockchain project. The project is so active that keeping up with the news of every new application and development in the project is just impossible. It’s a full-time job. That’s why the Tron Weekly Journal exists.
That being said, Tron is an essential project in the crypto verse, which holds a lot of potential because of its high ambitions and superior technology. It is worth it for you, or any other cryptonaut, to try and understand Tron with some depth. The good news is that Tron wants to make it easier for you.
Starting yesterday, Tron is featuring TronClass. It’s a workshop in which the Tron experts will explain to you in detail everything you need to know about Tron, its tokens, technologies, the terminology, everything. If you’re new to blockchain technology or a seasoned cryptonaut, it will be worth your time.
Every video in the workshop is concise, short, and to the point. It’s not about marketing but about providing relevant information quickly and effectively to all those who are interested.
The first video in the series is about the Tronix (TRX) token. It explains how the token allows you to vote for the network’s Super Representatives (these are the nodes that create new blocks for the chain and are willing to share their benefits with you if you vote for them) and also gives you the bandwidth you need to use the network. It’s only about fifteen hours old, but it’s been viewed over 25k times already.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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