TRON (TRX official currency) is a decentralized platform based on Blockchain and aim to build a digital content sharing platform eventually leveraging peer to peer (p2p) blockchain system. TRON first founded by a non-profit Singapore based foundation, and this TRON foundation is specifically seeking to distribute the global entertainment industry.
Presently, lots of user data and traffic managed by a few corporations like Google, Amazon, and Facebook & Snapchat. TRON makes some serious steps to control by placing ownership of the data back into the creator’s hands.
There are some key features of TRON, given below
TRON’S advantage is its good team of developers, advisers, and investors. Tron’s CEO is Justin Sun, who is the protégé of Jack Ma, the founder of the Alibaba group and other advantages the fact about data creators, which are the users, central ownership of the data and also the users on the Tron network are entitled to proportional profits granted by rules. Tron’s idea is to administer free service platforms for the public. This is why it is operated and designed to serve the masses that enjoy entertainment content around the world.
According to the main network system, Tron transactions should be free but as just it’s started the network support becomes slower. So, at present there is a price of about 5cents per TRX, which is 0.000005cents per transaction- you can make 200,000 transactions per TRX.
TRON network allows you to do a huge transaction with no limit. The Tron blockchain handles more than 1000 transactions per second (TPS), compared to Ethereum and Bitcoin who were respectively 15 and 7 TPS currently.
The new customized Tron’s main set is to support smart contracts which are written in languages like JAVA. These customized smart contracts would, therefore, allow for programs to be hosted on the Tron network which will benefit from being decentralized, fast, lightweight and highly scalable.
As Tron is the decentralized application, so there is the number of decentralized applications lined up.
Once Tron Blockchain is launched, Tron will be able to start building applications and tokens for their current partners.
Now, If you are planning to invest in TRX, this is the right time to do it. According to recent Bitcoin dip has caused many altcoins, Tron included, to drop in price. Bought TRX now, when its cheap, could lead to serious return after the Tron Main launches and investors rush to fill their bags.
Now, it will be interesting if you are planning to invest in this project. There is lots of potential and money making opportunity as well. With a long time and future vision for TRX & TRON platform, and it seems like ultimate funding from investors, it’s not unreasonable for one who is optimistic enough.
Note: Cryptocurrency investments are very risky, and you are required to do your own research and analysis before making any investment decisions. The above article states only the views of the author, and is not, in any way, an investment advise.