What is TRON?
TRON is a cryptocurrency that is attempting to free the internet from overbearing commercial influence. By focusing on the entertainment aspect of the internet, TRON aims to re-invent the internet by avoiding fees paid by content generators to the likes of mega-corporations, which now dominate user internet experience (such as Google, Apple, Facebook and Alibaba). Through the advent of the introduction of a decentralized internet, TRON aspires to reduce the monopoly-like influence of middlemen-type corporations, creating an environment where the exchange of digital-based entertainment is not monitored, taxed or regulated, except by the participants of the network itself.
History of TRON
Released in 2017 by Justin Sun, founder of China’s version of Snapchat (Peiwo), TRON describes itself as “an attempt to heal the Internet.” Sun had previous experience in the cryptocurrency world by acting as Ripple’s (XRP) lead ambassador to China. He also has plans to integrate his Peiwo app, which according to their website has over 10 million users, with TRON, making it the first app integrated into his novel usage of blockchain technology.
Also in 2017, the Singapore-based Tron Foundation was formed, which they describe as a “nonprofit organization that mainly engages in operating the TRON network in the principles of openness, fairness and transparency” in order to help their cryptocurrency succeed. They also claim the foundation is in compliance with and under the supervision of the federal regulatory laws of Singapore. Furthermore, their website states that the foundation “will never partake any distribution of profits,” instead putting such money back into furthering development of their cryptocurrency platform.
How TRON Works
TRON hopes to accomplish their goal of releasing content creators from the bonds of the previously mentioned mega-corporations by creating a decentralized, blockchain-based version of the internet, in which all entertainment-based information is free and freely available to everybody. In a peer-to-peer (P2P) version of the internet, the users only have to rely on each other to keep the network afloat and are not beheld to any third party, corporate or government influence.
Why Use TRON?
From the coin’s homepage:
“TRON is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.”
From the coin’s whitepaper:
“With the strengths of social network and value network, TRON is committed to ecological prosperity. In relation to any community and free market economy, an incentive system that fairly and reasonably reflects the contributions made by participants is fundamental. TRON will attempt to accurately and transparently measure and motivate relevant participants and contributors using digital assets for the first time, thus enabling this content ecosystem.”