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TRON Coin – Detailed review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of TRON Coin consists of three chapters: origin & background, technology and pros & cons.
Origin & Background
TRON is a blockchain based entertainment system that is full of unique content. The non-profit TRON Foundation founded it in 2017, and is based in Singapore. TRON is a decentralized digital content sharing platform intending to interrupt the trillion-dollar entertainment industry.
TRON makes use of a currency known as TRX. You use TRX for all of the actions within the TRON-ecology. The platform enables brilliant “one-on-one interaction between providers of digital amusement content and ordinary users”. As a result, content providers will no longer have to pay high fees to media platforms such as Google Play. Furthermore, TRON enables all of its users to receive incentives for sharing content such as texts, pictures, videos, and broadcasts.
TRON seeks to eradicate the middlemen and let content creators directly reach their consumers and monetize their content. In September 2017, TRON’s ICO lasted only 3 days, then meeting its hard cap of 15,000 Bitcoins.
TRON has a 3-tier model which includes an application interface layer, a blockchain layer and a P2P distributed storage system. In addition, the application layer has access to all content produced and organized on the platform. The blockchain layer is a smart-contract platform which employs a distributed, delegated proof-of-stake model to attain consent. Also, the P2P storage system is a disseminated data storage network for all of the content shared on the platform.
The TRON network attains consensus through a delegated proof-of-stake mechanism known as TPOS. It features 27 community-elected super representatives who function as validating nodes for transactions on the network.
TRX holders will be capable to gain TRON Power (TP) by holding and locking their TRX tokens for long periods. Higher TP gives a higher proportion of the voting rights.
In terms of the distribution of the tokens, the company has the following model:
- Public offering: 40%
- TRON Foundation and the ecosystem: 35%
- Private offering: 15%
- Initial supporter – Pei Wo Huanle (Beijing) Technology Co., Ltd.: 10%
Pros & Cons
We have not identified any obvious pros or cons with the TRON Coin.
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