WHAT IS TRON?
TRON is a decentralized protocol that emerges as an alternative to end the hoarding of the digital giants.
Its main objective is to decentralize the Internet and for this it has created a technology that every day has more support, especially from international companies that have seen the potential of TRON.
It is a digital entertainment platform based on blockchain technology, which offers us scalability, privacy, and, of course, security.
Its open-source and decentralized software uses this technology and P2P networks to support direct interaction between creators and users. TRON, and its cryptocurrency, offer an environment for the exchange of digital content and online entertainment.
The main objective of the creators of TRON is to offer the world an alternative for data processing that is powerful and efficient, and in passing they take the opportunity to publicize and popularize the cryptocurrency in question, Tronix (TRX).
On the one hand, the development of the TRON token offers a system in which users can maintain the power of their privacy, avoiding the control of the Internet giants. And, on the other hand, the cryptocurrency serves as a reward for these creators who share their content online.
The TRON platform was launched in 2017 by the founder and CEO of an app known asPeiwo, which has been like a Chinese 'Snapchat', so we can understand each other.
WHY IS TRON INTERESTING?
TRON has a lot to offer since those who decide to offer their services through this platform will be able to pay less or even no commission. In addition, any provider that opts for TRON can get financing directly from their consumers.
On the other hand, TRON is interesting because users can maintain control of their data and will not have to provide it to run any service, as is currently the case with any social network or platform on the network.
TRON wants to reward content creators, offering them an exchange environment and without having a company that controls them or that can even make a profit from it.
In the TRON network, each user will be free to publish, store and receive payment as compensation in the way they think is fairest, or not, since they can also do it for free.
As for the cryptocurrency, it is an ERC-20 token, which can migrate and will probably end up doing so to its own platform in the future, with more advanced technology than what is currently available. However, this remains to be seen.
Without a doubt, TRON token development has increased a lot in a very short time, and in the long term, it has incredible potential. Among the reasons why TRON has a promising future ahead, we have to highlight the following:
- His team. It is a team that is made up of Chinese developers and entrepreneurs who have a long history in the industry.
- Digital entertainment. TRON's project is focused on the world of entertainment, for content creators and digital entertainment
- TRON's system infrastructure ensures the distribution of digital assets backed by a set of decentralized structures and offers a friendly environment for developers to create digital content.
- TRON has more than 500,000 users in different countries of the world
We know that TRON seeks to decentralize the Internet, but if we stopped to think a bit, perhaps we would realize that its true objective is to become a unique environment where content creators and users can exchange their services.
Or, in other words, centralize all the information within the TRON platform.
On the other hand, TRON's technology uses open-source protocols that have already been developed by other companies but to make a difference we have the Tronix rewards algorithm, which could be reproduced and used by other similar platforms.
So why is TRON becoming so popular? Well, because many support this project and bet on its future. As we said, the project is very ambitious and TRON has a business model that many are looking for, especially in the Asian market.
RIVAL OF ETHEREUM?
We know that in the cryptocurrency market there is a lot of competition and rivalries between the different alternatives are very common.
In the case of TRON, it competes with the main cryptocurrencies in the market capitalization ranking, among which Bitcoin, Ripple, Litecoin, EOS, and… Ethereum stands out!
And precisely of all the competition between cryptocurrencies perhaps Ethereum would be its main rival, especially since both are more than a simple digital currency.
Ethereum and TRON offer similar technologies, and they have the same goals. Although at the moment Ethereum covers more possibilities than TRON, we know that it will continue to evolve to surprise us in the future. And, if not, at the time.
HOW TO INVEST IN TRON
As you already know, TRON has a lot of potentials and a bullish projection in the future. It only took a few months to revalue by 20,000% and to this day it continues its bullish streak.
If you are thinking of investing in TRX this year, you will surely be right in your decision, and also thanks to its popularity you will not have any problem obtaining this cryptocurrency.
Although in this case - and as it happens with many cryptocurrencies - you will first need to obtain Bitcoins that you will then use to exchange them for TRX.
Anyway, if you want to go 'easy' you can also resort to online trading platforms and enjoy the benefits that you can obtain with the rises and falls in prices. To do this, find a broker that offers CFD operations on cryptocurrencies.
Investing in cryptocurrencies through Contracts for Difference will help you obtain returns with movements in prices, and thanks to leverage you will be able to invest with much more.
In addition, to get profits in trading you will only have to monitor the evolution of prices and you will be able to have profits up and down according to your forecasts.
A Brief History of TRONTRON is a decentralized open-source blockchain platform, founded by the Chinese company TRON Foundation, registered in Singapore.
For the first time, the platform was announced in the summer of 2017 by Chinese businessman Justin Sun.In 2017-2018, the company held one of the largest ICOs, during which $70 million were raised.
The simplicity of issuing the TRC10 token makes the TRC10 a great way for teams to gauge interest in your project without spending a lot of money on development.TRC20 extends the functionality of Tron-based tokens as TRC20 tokens are used in smart contracts.
Tron's distinctive features include:Virtual Machine (TVM), smart contracts, and TRON token patterns are supported by Ethereum, which simplifies project migration to this blockchain.Users can make transactions on the TRON network for free, i.e.
without commission fees due to the presence of special parameters: Bandwidth (bandwidth) and Energy (energy).Even if bandwidth is exceeded, network rates remain very low compared to Ethereum networks.The ability to simplify token creation (TRC10) without a lot of money and time.1024 TRX is required to create a new TRC-10 token and 0.1 TRX is required to create a new account.Unlike the Ethereum network, when sending tokens to the TRON network, the tokens themselves can be used as a commission by paying the network instead of the main TRX currency.Developers have the opportunity to build decentralized applications, not only in the core protocol language (Java), but also in others including Scala, C++, Python and Go, and with support for the structured data serialization protocol Protobuf.The average confirmation time per transaction is 1 min.
For the transaction to be committed, 19 network blocks are needed (a new block is created approximately every 3 seconds).The issuance of the cryptocurrency is 100 billion.
A new token standard has arrived on the Tron blockchain.
It is more important to introduce a token standard focused exclusively as the Nft merges which leads to the construction of the new token standard: TRC 721.The main NFT standard convention in TRON is TRC-721.
Play as important a job as TRC-20.The development of the TRC-721 standard allows each token to have its exceptional value, making it conceivable to move certifiable things on a chain in a truly advanced structure without haggling over its remarkable qualities.
Tokens manufactured through the TRC-721 standard will really want to address any kind of computerized or substantial resources in the genuine world, opening the way for people to claim and monitor information identified with a particular unmistakable item or receipt, and later make constructive results in defenseless companies against misrepresentation, literary theft, and falsification.Engineers will find it faster and easier to apply TRC-721 to their own items and applications due to TRON's financially intelligent and competent public chain framework.
We are probably going to track the following on the blockchain: the TRC-721-consistent applications and the base conventions that guide physical and virtual resources onto the blockchain.
the crypto economy is more entrenched, the blockchain more extraordinary and its applications are destined to occur.Without a doubt, you can tell that Tron had really started their NFT venture by first declaring in the long period of December 2020, in which TRON's NFT standard is significant enough to open up some quirky and new opportunities for applications that are actually based on the TRON blockchain with its versatile highlights.
