TRON cryptocurrency in the digital economy

TRON cryptocurrency is a decentralized open source platform. The system creates and hosts special digital entertainment content, users can download game programs, applications and other types of content.

The blockchain platform has three distinctive features:

The network bandwidth is higher than that of Bitcoin or Ethereum.
The presence of a significant number of users attracted by an effective smart contract.
Achieving network consensus using a special mechanism, as a result of which honest rewards and complete security are guaranteed.
The project, despite periodic criticism, remains attractive to investors.

The story behind TRON

The first mentions of the project appeared in the summer of 2017, when the Chinese businessman Justin Sun, the creator of the TRON cryptocurrency, decided to develop a unique platform for entertainment content. As a result, some users were able to download their applications, while others - to buy or use them for free.

In September 2017, as a result of the ICO, the project received about 15 thousand BTC. The emission of the new cryptocurrency was limited to 100 billion tokens. At the end of the spring of next year, the platform received its blockchain, and the official history of the network began in the summer of 2018.

During the year, 100 billion tokens were issued, they were distributed as follows:

40% received by investors;
35% left to be kept in reserve;
15% sent for pre-sale;
10% remained in the application of the creator of the project.
Unlike other cryptocurrencies, TRON is a more promoted project. Specialists from China, Japan and the United States are working on it, who at one time received vast professional experience in leading IT companies.

Is TRON popular?

At the end of November in China, the Information Technology Industry Development Center published a rating of the fourteen most popular virtual currencies; in this list, the TRON cryptocurrency occupies an honorable second place, pushing Ethereum to third place. The TRON Total Index is 141.

Experts are confident that such growth was made possible by the Chinese authorities, who changed their minds about the impact of blockchain technologies on various sectors of the economy.

What is TRON cryptocurrency for?

The TRON cryptocurrency is an ecosystem for hosting digital entertainment content, it is decentralized and operates on the basis of a special registry.

The TRON system does not restrict users rights, moreover, content authors receive bonuses for high-quality material that has become popular among the target audience.

TRON functions not only in the sale of content, but also in the ability to easily promote games, graphics and music files, this system can be regarded as an analogue of Google Play and AppStore.

Where can I find the TRON wallet?

At first, the system operated using Ethereum with a special ERC-20 protocol; later, its own TRON-20 algorithm was created. Today TRON works with renowned e-wallets. The project experts advise using only recommended financial storages such as Ledger universal wallet, HOO, Buntoy, TronATM, BIXIN web wallets, VenaPi Wallet or BitKeep Wallet applications, TronLink and TRON Wallet Desktop versions.

You can learn more about working with them from the platform developers or on specialized web resources; a full list of recommended services is located on the projects official website.

Lets dwell a little on TRON Wallet, announced in August 2018. The wallet developed by Getty / IO Inc has the following features:

there is no need for authorization, since the service operates on the basis of a P2P application;
open source for users is supported;
protection is provided through local encryption;
there is a push-notification function;
receiving tokens, voting for nodes, participating in commercial operations with cryptocurrency are available.
Today, this wallet is the only system that works seamlessly with Android and iOS. It is also possible to access TRON Wallet through Windows, MacOS and Linux. Detailed information on the mechanism for using the wallet can be found on the official website of the project or on specialized Internet resources.

Where to Buy Crypto?

TRON can be bought on cryptocurrency exchanges, payment with other cryptocurrencies, from deposits, from debit and credit cards is allowed.

TRON cryptocurrency rate is not ideal. In September 2017, it was worth USD 0.01 with a capitalization of USD 70 million. At first, in the first months of the sale, many investors were disappointed as they had high hopes for the cryptocurrency. Later, the marketing policy of the company was changed, and this led to an increase in market capitalization to 1 billion USD.

At the beginning of January 2018, there was a short take-off period of up to 16 billion USD, but by the middle of the month there was a collapse. As of January 2020, the value of the TRON token is USD 0.016, the capitalization level is almost USD 1.075 billion (12th place in terms of capitalization according to CoinMarketCap).

TRON transactions

The main problem of modern cryptocurrencies is high energy consumption at a low transaction speed, in connection with which the creators of TRON completely abandoned the use of PoW and preferred another algorithm - DPoS. As a result, coin holders can vote on the nodes that carry out TRON transactions within the network itself. The voting procedure follows certain instructions, which allows you to maintain a balance between the creation of blocks and the number of selected nodes.

New features have been added to the system to improve the privacy of internal transactions. In particular, the use of zk-SNARKS technology to protect user data will allow financial transactions to be carried out without being tracked and place TRON in the same privacy zone with ZEC and XMR.

One of the richest verifiers was the Binance cryptocurrency exchange, which froze about 12 billion TRX. In September of this year, Justin Sun announced that in the near future, drastic changes will be carried out, contributing to the fair receipt of income from the confirmation of transactions in TRON.

TRONs perspective

Justin Sun is trying his best to advertise his platform. The media constantly publish new materials about the cryptocurrency, the project experts continue to work on the evolution of the system and release new updates. For example, BitTorrent Speed was recently released to help speed up file transfers on µTorrent, and then BTFS was released to receive and store data.

Speaking about the platforms prospects, it should be remembered that TRON is developing in an attractive industry for investors: it is entertainment content that is a streaming sphere that brings very high profits. Experts predict that the platform will be able to reach about 2% of the market with a capitalization of 20 billion USD, which is 20 times more than the current result.

The prospects of the system are rated very highly. For example, the project plans to sign an agreement with the Baofeng service with more than 200 million users; Qtum, Steem, TaTaTu, Vevue and dApps also want to cooperate with the system.

In addition, specialists analyzing the projects activities are confident in the further increase in the value of the cryptocurrency. According to forecasts, in 2020 the price of one token may be 20 cents, which will move TRON into a special TOP-10 of the global cryptocurrency rating and, therefore, one can safely invest in the coin.

By the way! The project has a rather interesting structure of the "road map", it is divided into several stages:

Exodus (August 2017 - December 2018): Building a decentralized platform for publishing entertainment information.
Odyssey (January 2019 - June 2020): Ecosystem Improvement.
"Great Journey" (1 year from summer 2020 to 2021): drawing up a financial plan for the project.
Apollo (August 2021 - March 2023): Establishing a pricing system.
Star Trek (Spring 2023 - September 2025): Building the foundation for online gaming.
"Eternity" (autumn 2025 - September 2027): development of tools for traffic monetization.