What is TRON (TRX)?

TRON is an entertainment content-sharing platform that is blockchain-based. Since 2017, TRON’s goal has been to “decentralized the web” by allowing users to make and produce content without a centralized service and avoiding the need to give over their content to be managed by big entertainment companies like Google, Apple or Facebook.

The TRON software utilizes smart contracts, different kinds of blockchain systems and decentralized applications (dApps). Like Bitcoin (BTC), Tron uses a similar transaction model where transactions are made in a public ledger, allowing users to monitor the operation’s history.

The platform was mainly designed to allow a decentralized internet and developers to use tools for creating dApps, an option besides Ethereum. This means that anyone can make dApps on the TRON platform, produce content, and get digital assets for their work.

TRON’s most significant advantage is the option to make content and publish it so openly without the need for intermediaries and the complication regarding transaction fees.

Who Created TRON (TRX)?

TRON (TRX) was started by the Tron Foundation, a Singaporean organization managed by Justin Sun, now the CEO and the founder of Peiwo.

Before the Tron Foundation, Sun founded Peiwo, an app that takes influence from Snapchat. Peiwo was then listed under the 2017 Forbes 30 under 30 list.

Additionally, Justin Sun became the Chief Representative of Ripple in China and finished his studies at Hupan University. In September 2017, Tron raised over $70 million after a successful ICO.

How does TRON (TRX) Work?

TRON works through a Delegated Proof of Stake (DPoS) Governance Model to achieve energy efficiency and allow close to zero-fee transactions while protecting against trade spam.

DPos allows TRON to have the ability to produce up to 2000 operations per second and have a network capacity of 2,000 TPS.

The three-level ecosystem of TRON ensures a productive operation. These three levels include:

• Storage Layer is where network data, blockchain state and historical data are secured.
• Application Layer – this allows the development of applications and the creation of wallets.
• Core Layer – These instructions are processed and sent to the Tron Virtual Machine for the execution of dApps.

Is TRON (TRX) a Good Investment?

If you’re wondering whether TRON (TRX) is a good investment, you should look at how TRON is positioned in the content-sharing space. Additionally, they have a knowledgeable team of developers worldwide with experiences from big companies such as Ripple Labs.

TRON allows creators to directly engage with their audiences by removing centralized platforms such as streaming services, app stores or music sites without the risk of losing commission to intermediaries.

As a result, consumers can access less-expensive content, especially given the increased digitalization in the entertainment industry. This can give TRON a headstart in putting blockchain technology into this sector.

Unlike other blockchain projects with little transparency about their plans, one thing that allows TRON to stand out is that they provide an insight to their future intentions in regard to its plans of development.