TRON (TRX) is a decentralized open source cryptocurrency. The Tron coin was founded by the Chinese company TRON Foundation, registered in Singapore. TRON works as a unit of account in an application on the blockchain, in which content creators will be able to receive remuneration for its distribution. The ecosystem token is TRONIX. At the end of February 2018, 476026 users participated in the system.
Overview of the TRON (TRX)platform and cryptocurrency
The founder of TRON is a Chinese businessman Justin Sun. Members of his team in 2017 created the TRON Foundation in Singapore as a non-profit organization that manages the TRON blockchain. TRON ICO ended on September 2, 2017. As a result, we managed to attract 15,000 bitcoins. About 40% of the total issue volume of 100 billion tokens was sold to investors. The remaining part was transferred to the fund and the original investors.
At the end of December 2017, Justin Sun announced that several developers of the Chinese e-commerce giant had joined the TRON project Alibaba.com. In January 2018, cooperation with the oBike bicycle exchange system began. It is also planned to partner TRON with the Baofeng service, which is called "Chinese Netflix". This service has more than 200 million users.
TRON Technical Analysis (TRX)
The goal of the decentralized TRON protocol is to create a worldwide free entertainment network based on a distributed registry. The TRON (TRX) algorithm allows each user to freely publish, store and receive data.
TRON technology is a distributed storage that allows its users to access entertainment content from any part of the world without resorting to the help of intermediaries. At the same time, content producers will receive remuneration directly from the audience, depending on its popularity.
The official token of the TRONIX platform is released on the ERC20 standard. The TRON platform also assumes its own standard of TRON20 tokens. With its help, content owners (individuals or groups of individuals) will be able to freely release their digital assets, through the sale of which they will receive remuneration for the production of content. The project was criticized, as some parts of the White Paper TRON, apparently, were copied from the descriptions of other similar projects. Also, detractors believe that the whole project has no basis and aims only at making money and increasing the value of their cryptocurrency.
TRON cryptocurrency can be purchased on most cryptocurrency exchanges, including such giants as Binance, OKEx, Huobi, Bittrex, etc.
TRON is a cryptocurrency whose token is based on Ethereum according to the ERC20 standard. Therefore, the token is very versatile and can be stored on almost all cryptocurrency wallets that support ERC20 tokens. Before starting work, you need to carefully study the information about the storage and choose the TRON wallet that suits you.