TRON Quick overview

Introduction

Tron(TRX) another raising name in blockchain industry, was created by Justin Sun. Like other crypto projects it is also a decentralized platform which provides the foundation for entertainment ecosystem. It allows direct access to customers and eliminates any third party in-between content creators and distribution networks.

TRON is about to cover $1 trillion entertainment industry over the globe. It has a large number of employees in Beijing office. The idea behind this ecosystem is to eliminate the need of big companies and give more rights to people on their content while selling and purchasing.

Influencers

Jack Ma

Founder of Alibaba Group has recently stepped in TRON. Alibaba executives have joined TRON development team, so we can say that project is in brilliant hands.

Wei Dai

He is the founder of Ofo. A china’s biggest shared bicycles provider who has invested about 3 billion dollars in TRON.

Feng Li

One of the key early investor who is also connected to Ripple and Coinbase.

Chaoyong Wang

He is Founder of ChinaEquity Group, with market value 2 Billion USD

Linke Yang

Founder of BTC China, which was at one point “the world’s second-largest bitcoin exchange”

Shuoji Zhou

Founder of FBG Capital

Hitters Zhou

Founder of Nebulas.io and ico365

Technology

TRON has consensus engine which is core module of the platform. Consensus engine gets connect to the application by ABCI to form a fault-tolerant state machine. All this can be implemented by any programming language. Its software hagiarchy includes Wallet module, blockchain module, and smart contracts.

Advantages

• A list of successful investors
• Users have central ownership of their data
• Free public service where content owners have rights than other companies
• A big boost in the entertainment industry by a non-profit platform

 

Disadvantages

• No proven success history yet
• Rumors of scam and false statements
• Relatively highest number of coins in supply

 

Whitepaper

TRON.Network white paper is a complete document where all essential parts of this platform are addressed. They have described hashtag and explicit message request along with routable DHT network details.  You can find a complete software hierarchy and UTXO model under the second section of the documentation.

Real Examples

December 2017 TRON announced its partnership with oBike. oBike is a multinational bike sharing company working in a number of major countries across Europe and Asia. It has almost 10 million users across the globe.

The app can be used by following steps:

• Download & open oBike
• Connect & ride
• Park & collect rewards

Rewards can be used to buy a cup of coffee, but that coffee shop company should be built on TRON. oBike is aimed to have its own currency oCoin which will use TRON protocol and will be transferred to TRX before and after every transaction.

Fundamental Analysis

A large number of investors are migrating to TRON which cover up the slight dips. Its fundamental strength is being steady from start till now.

Technical Analysis

TRON provides P2P secure user registration which is implemented through blockchain. This mechanism eliminates the need for central authorization and ensures that no duplicate registration is made.

Investors

• Jihan Wu - CEO of BITMAIN
• Shuoji Zhou - Initial partner of FBG Capital
• Hitters Xu - Founder of Nebulas & ico365
• Binshen Tang - Founder of Clash of Kings with over 10 million MAU worldwide
• Chaoyong Wang - Founder of ChinaEquity Group with over 2 billion USD market value
• Wei Dai - Founder of ofo, the biggest shared bicycles provider in China with estimate value over 3 billion USD
• Weixing Chen - Founder of Kuaidi, famous angel investor
• Charles Xue - Famous angel investor
• Mingshan Yin - Founder of Lifan Group with over 2 billion USD market value
• Linke Yang - Founder of BTC China
• Jiang Liu - Founder of Trends Group which is the largest publisher of fashion magazines in China
• Lifen Wang - Famous media personality in China who made Jack Ma famous in the early 2000s
• Uncle - The biggest Key Opinion Leader in China with over 10 million fans

 

Roadmap

• Odyssey 2.0 launch with Proof of Stake
• On-chain resource allocation governance
• Network capacity of 10,000 transactions per second
• TRX transaction fees reduced to zero
• The debut of decentralized applications
• Token wallet launch
• Blockchain browser launch

Conclusion

TRON platform is working under tech-heroes and an ideal solution for those who want to take an advantage of the blockchain. TRON is entertainment specific that is why a large number of market capital is expected to join it. As already mentioned that only negative side is long-term roadmap without any ground-breaking success history. But having a list of techies we are expecting a remarkable boost of app listing on this platform.

How to get crypto

• Mining
• Market