TRON - TRX
- Michael Arias
- Apr 5, 2021
- 1 min read
Updated: Aug 27, 2021
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.
Tron’s ambition to reshape entertainment and gaming through decentralization is impressive, especially with its low-fee model and BitTorrent acquisition. That said, privacy and security remain key concerns. For users navigating TRON's ecosystem, tools like ZeusMix — a trusted tron mixer and crypto mixer — can help enhance transaction privacy when dealing with any crypto coin.