Tron is a blockchain based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts.
Tron is an ambitious initiative that has lined up lots of potential milestones in the years to come.
Its current offering is called Exodus, the free platform suitable for peer-to-peer distribution and storage of content. EXODUS is not using blockchain technology at present but uses a special web-based file system protocol that supports a distributed file system. This phase is expected to stay through December 2018.
The next phase, called Odyssey, is scheduled to go-live around January 2019. Odyssey, which will leverage the power of blockchain, will involve monetary incentives to promote the creation and hosting of content on Tron.
Instead of following the traditional ways of tracking clicks and views of the content being accessed, Odyssey plans to base the incentives producers on a method that will depend on user interaction and engagement with the content. It may be linked to a “tipping” plan – something like a reward based on how good the user perceived the content.
Imagine listening to a licensed guitar player who is performing on a street corner. You like the initial melody and move in closer to listen to the full performance. Once his act is finished, you tip the street performer based on how much you enjoyed his performance – or pay him more to continue hearing his next gig. Tron's incentive scheme may be similar, where you get to access the initial smaller trailers for free or for a small fee, and then opt for the full paid versions if you liked the previews.
Current growth of tron (TRX):
Tron has pumped a lot since a few months firstly the price was 0.002$-0.003$ in a few months its price keep risng and reached 0.05$ when dogecoin was being pumped and yesterday it showed a tremendous pump in its price it reached almost 0.09$ and is still pumping .
Why is tron mostly used nowadays
.All of you who uses tron has already the answer to this question i.e due to the fees tron charges no fees for transactions .
The transaction that is made with Tron is recorded in the blockchain ledger.
It also supports various other blockchain networks like Ethereum, Bitcoin, EOS etc-these are all leading cryptocurrencies in the world. This enhances Tron’s utility-an unique ability which gives it an edge over other cryptocurrencies
Tron’s Future
It is now well known that cryptocurrency market is extremely volatile. Hence it is very difficult to pinpoint the future of Tron. However, as far as speculations are concerned, Tron seems to have a fairly prosperous future ahead.
If Tron’s Team executes its six phases successfully, this digital currency is likely to make inroads in terms of market capitalization. Since entertainment industry is growing at a very fast pace, it will add to the utility of the cryptocurrency. Hence investor will get attracted towards it if all goes well in future.
Happy investing.
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