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TRON - TRX

Updated: Aug 27

Technology: Blockchain


Network: PoS - Proof of Stake


Company: TRON

Crypto: TRX

Total Supply: 100+ Billion

Founder: Justin Sun

Transaction Cost: 0.00001 TRX

Target Market: Developers\Entertainment Industry

About: TRON is a decentralized non-profit organization using technology based on Ethereum technology and it aims to decentralize the entertainment industry. Tron acquired BitTorrent as part of its strategy to cut out the middle man when it comes to content delivery. The TRON protocol uses a decentralized virtual machine which means that it has negligible transaction fees because it is using an international network of public nodes with internal pricing mechanisms such as bandwidth and energy. In 2019 HackerOne revealed that one PC could have brought TRON's entire blockchain to a halt. I believe this may be a result of how one technology has been layered over another in order to be decentralized but am unaware of their security infrastructure therefore this one may require more research. Tron also plans to decentralize the gaming and predictive markets industries in the future.



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