Tron is a decentralized platform that functions on blockchain technology. There is nothing extremely new or unique about this. At the moment, there are many other similar systems that seem to attract more ad more people. However, the interesting thing about Tron and its Tron crypto (also called Tronix) is that it aims to build a digital content entertainment system.
The creators of Tron also wish to go global and allow for cost-effective digital content sharing as well as to employ distributed storage technology. The story of Tron began back in September 2017. Back then, the Singapore-based non-profit Tron Organization came up with this idea. At the moment, its CEO is Justin Sun. Here is everything you should know about Tron and Tron crypto or Tronix.
How does Tron work?
The Tron network bases its work on peer-to-peer and blockchain technologies. Thanks to this, the creators wish to eliminate all intermediaries between content creators and consumers. The consumer will pay a lot less while the content creator will get direct feedback from the audience.
To put it simply, imagine that you won’t have to pay Netflix to watch content from now on. Instead, you will get your content directly from the creators, without any intermediaries taking their shares. Tron wishes to create a decentralized storage facility that will be beneficial for both parties. The creators of Tron also want to put everyone on the same level and remove the monopoly of a few powerful corporations that have all the control.
About Tron crypto (TRX)
The Tron network also uses its very own Tron crypto called Tronix (TRX). You can exchange TRX online for other cryptos like Ether tokens or Bitcoin. At the moment, you cannot buy TRX using fiat currencies. People can only store their Tronix in digital wallets supported by the Ethereum network.
Users can pay with TRX for content that they want to watch. The payment goes to the content creators where they can exchange the TRX for other crypto types or pay with them. As of March this year, Tron crypto was standing at number 22 on the list of biggest crypto by market cap.
It is also important to note that the whole idea surrounding Tron is one that might completely change how we watch digital content. It may not be fully functional or that popular right now. However, the future looks bright, especially with the backing of some rich Chinese investors. Besides that, some rumors claim that Tron might be soon collaborating with Alibaba.
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