What is Tron? How it works?
What is Tron? How it works?

By PrisonedBus9641 | Cryptonews9641 | 13 Mar 2020


TRON is an open source blockchain-based protocol designed to be used primarily within the digital entertainment industry. The non-profit organization that oversees TRON offers a decentralized platform that shares various entertainment content, using blockchain and peer-to-peer (P2P) network technology.

Tronix (TRX) is the token with which you want to try to convey resources more effectively, becoming a expendable resource and with which you can make commercial regulations.

There are three different tokens involved in the TRON project: TRONIX, TRON Power and the TRON 20 Token

  • TRONIX (TRX): This is the token for the purchase and exchange on the platform. It is required to access TRON and is also used to buy and sell content on it.

 

  • TRON Power (TP): This is essentially stuck on TRONIX. Users volunteer to block their TRX and receive TPs in return. TP is not negotiable and would be a long-term commitment. It is similar to Steem Power used on the Steemit platform.

 

  • TRON 20 Token: allows content creators to create and release their own tokens, similar to Waves and NEM.

 

The TRON Foundation, which oversees the project, is based in Singapore and it's a non-profit organization, which claims to manage the TRON network following the key principles of transparency, fairness and openness.

TRON incorporates blockchain-based peer-to-peer technology: as it does with most other cryptocurrencies, it can eliminate the presence of intermediaries.

By also offering distributed and non-centralized storage, it allows users to be able to access entertainment content without requiring reference operators: content producers can therefore quickly receive funds directly from customers, without having to go through other platforms. As a cryptocurrency platform, TRON is able to support multiple blockchain networks and contracts, including Bitcoin, Ethereum, EOS and various other smart contracts.

The advantages of this cryptocurrency:

  • Users or content creators will have the fundamental property of their entertainment ideas and other related data, instead of having to "depend" on intermediaries such as Google Play Store or Apple.

  • It will be possible to launch personal ICOs, free to distribute their digital resources on the web.

  • Availability of uses for gaming and market forecasts.

 

 

 

 

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PrisonedBus9641
PrisonedBus9641

Hello to everyone! I'm a content creator that select the music side. My principally used app is 'Music maker jam' from Magix, that have numerous soundpools to mix. For my music follow me on Instagram, facebook, youtube and SoundCloud.


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