Tron is a blockchain platform which aims to be a decentralized entertainment content sharing platform leveraging blockchain and peer-to-peer network technology. It focuses on making the idea of online content more fair for all participants and expanding the market of decentralized digital content applications by making it easier to create and deploy them.
Tron work in the same way that other content networks work; creators produce contents and consumers purchase them. They allow content producers to be able to obtain funds directly from consumers. Tron and TRX token will return control that platforms have wrested from the industry including Google Play Store and Appstore.
The platform serves as a non-profit establishment with the aim of giving businesses a distinctive way to operate. Tron is designed to ease the transaction and hasten the decentralization of existing platforms. It built a content distribution platform that promises to remove the middlemen and connect content creators.
Tronix (TRX) is the official currency of Tron and founded by a Singapore-based foundation. TRX is used to execute code on the Tron blockchain and able to access the platform. Since there is no “work” that goes into validating transactions or actions on the Tron blockchain, it is not possible to mine TRX. It is earned by creating and promoting stellar content.
Many wallets are designed to hold TRX along with other ERC-20 coins. It opens up the possibility to store TRX on hardware wallet devices that support ERC-20 including Nano Ledge S. Recently, Tron announced a partnership with JOYSO, hybrid decentralized exchange, for dApp tokens to be traded securely.
Tron is enabled with smart contract protocol and users can get to create, publish, store data and make payments on a complete decentralized mode. The platform provides a step towards decentralizing online content creation, sharing and storage. It is to reward all participants for their involvement and contribution. It will also encourage creative and culture industries to experience how to be the owner of your own content.