TRON is a digital content creation platform. Decentralized technologies make it easy to create branded digital content. The platform is built on the Ethereum blockchain. The main idea of the site is to build its own ecosystem, which will fully serve the end user, will not be cluttered with advertising and will become as useful as possible.
OVERVIEW OF TRON CRYPTOCURRENCIES
The project is developed and promoted by a non-profit organization called the Tron Foundation, headquartered in Singapore. In the first months of 2018, TRON coins become available as a means of payment for the Peiwo social network in China. This application is used by about 10 million people. Also, April is marked by rumors of a partnership between TRON and Alibaba, but so far this information has not been confirmed.
TRON is originally a token on the Etherium platform. But the developers of the platform were working on creating their own network, and the transition to it was carried out in several stages during May-June 2018. On June 25, TRON creator Justin Sun named Tron Independence Day. This day is the day of the final transition of the cryptocurrency to their personal platform.
The total number of coins is planned to be issued in the amount of 100 billion. Of these, 39% will go to open trade, 36% will become the basis for the platform, 16% - to individuals and 8% will fall into the possession of Chinese IT corporations. Cryptocurrency is not available for mining; tokens can only be obtained through the purchase of a new batch of coins.
The basis of the TRON project is the implementation of a completely decentralized Internet network. In this network, any user could exchange any content and carry out completely secure transactions without being tied to any particular site. The result is a fusion of ideas from popular blockchains on the TRON network.
In terms of the overall concept of the project, TRON can be compared to MaidSafeCoin. The team of this site was the first to announce its decision to create a protocol using blockchain technology - a completely decentralized Internet. Work on MaidSafeCoin was started back in 2014, but by the summer of 2018, no special promotions were noticed and the site is still in a very crude alpha.
The Tron blockchain largely takes over the basic functions of MaidSafeCoin. The main ones are:
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Ability to share content on a decentralized basis. Any kind of information, be it photo, audio, video or other files that are heavy, will be located on a decentralized network. If we compare this technology with similar content providers, for example, YouTube, then video hosting uses centralized servers, while in TRON, all information is decentralized and located on the computers of all network participants. All information is encrypted.
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Tools for writing personal DApps applications that will conveniently connect to the public network.
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We have developed our own personal payment system.
The platform copied the idea of smart contracts and distributed computing. TRON developers no less call their site a "blockchain operating system". By this we mean the ability to implement the code on a remote basis at any communication node.
FUNCTIONS OF THE COIN OF THRONE
THRONE SMART CONTRACTS
Application creators are encouraged to write applications in the Java language. The written code for implementation is transferred to the site's virtual machine, which combines a huge number of servers from all over the world. If necessary, the creators will be able to create applications using the same algorithms that are used in Ethereum.
The project will use the improved Delegated Proof-of-Stake consensus mechanism, which will qualitatively increase the volume of the blockchain throughput. In addition to this, the main blockchain allows the creation of side blockchains - sidechains. Any of the applications can save information in the sidechain, while using the main blockchain only to confirm their own sidechain. Thanks to this check algorithm, the entire load is distributed among a large number of circuits, allowing for enormous bandwidth.
TECHNICAL FEATURES OF THRONE
A large number of projects are currently working on the implementation of some of the possibilities, the creation of which is planned and announced by the creators of TRON. So the Siacoin and STORJ projects provide the ability to store files in a decentralized network, and the LBRY platform is a distributed twin of YouTube. The topic of smart contracts was successfully implemented by the creators of Etherium 3 years ago.
Nevertheless, the Internet currency TRON is a much larger project that combines all the useful developments listed above, and this gives it the right to be called unique. The project protocol makes it possible to implement almost any scenario used on the Internet. At the moment, none of the existing projects (Etherium, NEO) provides such a high-quality level of flexibility.
One of the advantages of the TRON system is that popular Java will be used to write smart contracts. Thus, the project becomes more attractive in comparison with Ethereum, for which programmers need to know the Solidity language. Java also makes it more convenient for applications written on the blockchain to interact with applications running in an existing business. After a while, the creators want to increase the number of supported languages, than put themselves on an equal footing with NEO, which has multilingual support.
The creators of the cryptocurrency are positioning the project as a new Internet. The platform offers almost all the possibilities that are used on the classic Internet:
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The ability to create your own content and share it and any files;
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Make cryptocurrency payments;
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Computing on a distributed basis;
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The ability to exchange messages;
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Creation and interaction with various applications and social projects.
As a result, TRON combines all the Internet functions that users are accustomed to. The advantage of the platform is that any application operating in the TRON ecosystem is decentralized and does not come under the control of certain corporations or the state.
ROAD MAP OF THRONE
The developers presented a roadmap, which they began to implement in 2017. Each item of this development plan has approximate terms, indicated with an accuracy of up to a month. All items except the first received sonorous, catchy names:
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Launch of the free platform - from August 2017 to the end of 2018. Project participants receive a free platform where they can post, store or publish materials. Interaction is carried out within the framework of a P2P network, that is, in the absence of any of the participants in the server role.
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"Odyssey" - from the beginning of 2019 to June 2020. The rights to the posted materials are planned to be expanded. To ensure healthy and fair competition, it is planned to give all authors of materials the rights to monetize them. The technical side of the process will be provided by the same blockchain platform that is used now. It is assumed that in the end, each network participant will receive a reward in proportion to the effort invested.
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"Big Journey" - from July 2020 to July 2021. During this period, the developers will pay dividends to the authors of the content, establish coordination between the participants, and determine the final amount of copyright income.
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Apollo - from August 2021 to March 2023. During this period, it is planned to develop the platform in a “free flight” mode, since users will be able to create their own ICO projects. The system will become even more democratic and decentralized than before.
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Star Trek - April 2023 to September 2025. Traffic during this period is expected to be monetized. At this stage, the team will implement tools for creating your own entertainment projects. With their help, users will create their own online entertainment: games, casinos or other services.
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"Eternity" - from September 2025 to September 2027. During this period, the creators plan to bring the global entertainment market to a new level. The resulting traffic is supposed to be used to create a global platform for online entertainment. Game creators will be able to use this environment to manage projects, and users to easily access any online game and invest in its development.
Detailed review of TRON cryptocurrency
A detailed overview of the TRON cryptocurrency since its inception . The video provides all the information necessary for those wishing to invest in this cryptocurrency.
TRON ADVANTAGES AND DISADVANTAGES
Advantages
The main advantage of the project is the high popularity of entertainment content. If you imagine that the developers managed to create a decentralized entertainment system with music, videos, blogs, streams and likes, the prospects for such a project will be truly exciting.
disadvantages
The main obstacle to this project is that the protocol itself does not fully comply with the copyright norms that exist in classical economics. That is, a person who publishes content on the Tron blockchain, according to the protocol, automatically becomes its direct author. Although, in fact, it may not be, since the content can be created by a third-party author. From the point of view of the legal framework, this is incorrect.
PROSPECTS FOR TRON
Blockchain Tron is an ambitious initiative that the developers plan to implement in stages:
Stage 1. Creation of a platform for storage and distribution of content
The first stage is called Exodus, a platform suitable for peer-to-peer distribution and content storage. The essence of the first step is data release. That is, the site provides an opportunity for free publication, storage and dissemination of data. Exodus currently does not use blockchain technology, but uses a dedicated network file protocol that supports distributed file system. This phase is expected to continue until December 2018.
Stage 2. Extension of content rights
The next stage, called Odyssey, is scheduled for January 2019. It aims to strengthen the platform by expanding content rights. This implies the inclusion of new opportunities for content creators and the introduction of blocking technology. Odyssey will also include monetary incentives to promote the creation and posting of content on TRON. Instead of following traditional ways of tracking clicks and views of available content, Odyssey plans to establish an incentive system that will depend on the user's interaction with the content. It might look like a reward scheme - something like bonuses based on how well the content was received by the user.
TRON's blockchain incentive scheme could be similar, where you access the initial small trailers for free or for a small fee, and then opt for the full paid versions if you liked the previews.
Stage 3. Creation of a decentralized trading platform
The next two phases, called Great Voyage (mid 2020) and Apollo (mid 2021), are expected to allow content creators to create their own brands, be able to issue customized initial coins (ICOs), and even issue personal tokens. The essence of this stage is to increase the economic viability of the system. These later stages of TRON will be akin to application platforms based on Ethereum elements.
Stage 4. Creation of a platform for online games
Tron also expects two more destinations in the line of "Star Trek" (mid 2023) and "Eternity" (late 2025), where participants can create their own decentralized gaming markets. The essence of this stage is the creation of online gaming platforms allowing users to control the gaming process as easily as possible, invest in gaming projects, and participate in the discussion of the future gaming market.