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Tron Blockchain Features And Updates : Next Big Thing After Ethereum.

By Tony Chimdiuto Jun22,2018
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Last updated on December 31st, 2019 at 07:03 am

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TRON is an open source blockchain-based protocol designed solely to decentralize the web and the digital entertainment industry spread across the globe. It offers a decentralized platform that shares various entertainment contents by leveraging a blockchain and peer-to-peer (P2P) network technology.

TRON protocol enables users to publish, store and own data. By using the autonomous decentralized form, users can select how to share the data. The same form enables subscriptions and push content by releasing and circulating the digital assets.

TRON protocol

Tron cryptocurrency was first introduced to the market as an initial coin offering (ICO) on September 9, 2017, by a Singapore based non-profit organization.

TRON blockchain platform has the following characteristics:

Scalability: TRON blockchain can be extended through the side chain, which means that currency transactions, legally binding contracts and certificates, audio and video files can be stored in the blockchain database.

Decentralization: Without an agency, all nodes have the same rights and obligations. Should any node stop functioning the overall operation of the system will not be affected.

Trustless environment: All nodes in the system can be traded without trust. Because the operation of the database and the entire system is open and transparent, the nodes cannot deceive each other. And the data information between nodes is consistent.

Fault-tolerant: The system can accommodate 1/3 node Byzantine failure. The scalability Account Model: UTXO Model + Account Abstraction.

Core Values of TRON
TRON protocol has several core values that must at all times be applied. Inspired with the general idea by Berners-Lee that internet must be free and decentralized. Tron has the same idea that users who create data will at all times have fundamental ownership of that data which they create and own.

Tron protocol follows a core value that any user who makes contributions ecologically is rightful to receive profits of a proportional value. Moreso, all kinds of contributions have the same value and time invested to ensure transparency. The content should align with target, because TRON is focused on the people and not the money. The target will remain to share quality content and art for others to enjoy and appreciate.

TRON’s official currency is TRONIX. TRONIX is the basic unit of accounts in TRON’s blockchain. The value of all other tokens is derived from the value of TRON.

TRON Power (TP) is a locked TRON. Users can acquire TP by locking their TRONIX. TP, in nature, is TRONIX with voting right, which means TP holders have more privileges in the ecosystem.

TRON 20 Token – Content owners (IP’s, individuals and groups) can issue their digital assets freely through TRON 20 standards, while others can enjoy the benefits and services brought by the constant growth of data contributor by buying these digital assets.

ICO : With the Tron Blockchain. Individuals or company utilizing the Blockchain can also create Initial Coin Offering distribution aside the token creation feature.

With these features. Tron is set to beat Ethereum in the coming future.

About The Author

By Tony Chimdiuto

Content Developer | Blogger | SEO Manager | Web Administrator | Web Designer | Copyrighter | Journalist|

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