Tron is a blockchain-based decentralized platform. which aimed the sharing of digital content. In fact, it provides a distributed storage technology for global digital content entertainment system. It makes the process of sharing digital content easy, free and cost effective.
It founded by Tron foundation in September 2017. It’s a non-profit organization based in Singapore. In this article we are going to talk about Tron and its native token TRX.
What Is Tron?
Tron (TRX) created by Justin Sun. It focuses on decentralized digital content in order to expand this market. In fact, it makes the decentralized digital content applications easy to use, create and deploy them. Its mainnet launched in Jun 2018, along with its native token TRX.
Tron is working simply much similar to other content networks. Creators produce content and consumers purchase it. it builds a dApp and content distribution platform, which promises to eliminate middlemen as well as connecting consumers with content creators.
The Tron foundation isn’t alone, several other developers and investors joined its foundation. In fact, they all aimed to create a future media landscape. For instance, it partnered with BitTorrent in order to solidify its peer-to-peer content distribution model.
Nowadays, the main problem is that most of the videos, photos, words or even music constantly get stolen. Tron came to fix this issue that most of the artists are facing with. Especially for music industry.
The future of Tron is unknown. It may become successful or take out of the circle. Anyway, it’s a project, which is moving forward and is disrupting the current content ecosystem.
What Is Tronix (TRX)?
The Tron network uses its own native cryptocurrency called Tronix (TRX). However, The purchase of TRX with fiat currencies is not currently possible. People who are interested can exchange TRX with ETH or BTC on the cryptocurrency exchanges. In addition, users can store TRX on the wallets, which support Ethereum blockchain.
The purpose of Tronix is to get used by content consumers in order to pay for the content they want to have access to. In fact, the consumers pay producers using TRX. Then, the producers or the artist can exchange TRX to other cryptocurrencies or use it to pay for blockchain services.