What is Tron?

Tron is a popular blockchain-based operating system on which one can create decentralized applications and share media content. In fact, Tron allows users to freely publish, store, and own data ownership. This is similar to Ethereum. Like ERC on Ethereum, TRC is a standard for tokens running on the Tron platform.

Why was Tron created?

Tron was invented with the express purpose of helping to further reward the media industry, which currently has a number of large companies such as YouTube, Facebook, and Apple that have strict content management. Not only do they control what can be seen, but they also receive most of the money generated by the media. However, the creators only get a small portion of the income, so the Tron platform was set up to fix this.

By eliminating middlemen, it can allow viewers to reward content creators directly through the Tron network using TRX tokens. Therefore, the media is owned entirely by the creator instead of a part of the company like Facebook, Youtube, etc.

Some principles of operation

The TRON project uses 3 tokens: TRONIX, TRON POWER, and TRON 20.

TRONIX (TRX): This token can be bought, sold, or exchanged on exchanges; it is also required to gain access to the TRON platform and is used to buy and sell content.
TRON POWER (TP): Used to lock TRONIX tokens; users who lock their own TRX tokens will receive more TP as well as additional voting rights and other benefits in the TRON ecosystem.
TRON 20: Used to allow content creators to create and issue their own tokens, similar to Waves and NEM.

TRX were originally ERC-20-based tokens supported by the Ethereum blockchain, but they split off in 2018 to become their own tokens with their own blockchain.That same year, Tron acquired BitTorrent, the largest decentralized file sharing site on the internet, a necessary step in their journey to create a level media playing field on the internet.

TRX cannot be mined. You can instead earn tokens by staking your existing tokens to help validate other transactions. By helping to validate transactions, investors will be paid a token generation or transaction fee.

What are the benefits of Tron?

No charge

TRX has no transaction fees, a notable achievement, and the network can support 2000 transactions per second.

However, buying TRX on the Tron exchange will incur some fees as compensation for the exchange connecting you to the seller. In particular, TRX can only be purchased as a transaction against other coins like Bitcoin or Ethereum. As a result, you will have to pay a fee for buying these coins and then another fee for trading TRX.

Fast transaction

Transactions happen very quickly, as the network can support up to 2000 transactions a second.

The ability to create dApps

You can create dApps: On the network, you can create dApps.By creating a dApp on the network and providing content on it, you can receive digital assets in return. This can be a regular TRX token or a token you created, and it is backed by TRX.

Freeing data

On a free and uncontrolled basis, content including characters, images, audio, and video may be downloaded, stored, and transmitted.

Security

Tron has a secure reputation in the crypto world. The company’s spending on security and the personnel it has hired is indicative of this. Currently, it has not been involved in a security scandal.

Closing thoughts

If you’re interested in the potential of the Tron network and the future of online media, it’s a really compelling investment. So in that sense, TRX tokens are a prerequisite to interact with the network, so in that sense they can be a good investment, especially if you are an aspiring or capable content creator just passionate about communication and want to interact with all the dApps on the network.

However, do your full research before deciding to invest in Tron.

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