Tron is a blockchain-based decentralized operating system much like Ethereum that aims to advance the decentralization of the Internet and its infrastructure. At its core, Tron is a smart contract platform that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The Tron blockchain is built around the usability of its native token, Tronix (TRX).
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- What is Tron (TRX)?
- Who is the Founder of Tron?
- When was Tron launched?
- How to stake Tron (TRX)?
- Which network metrics do the rewards depend on?
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS.
This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file sharing service BitTorrent back in 2018.
Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens and decentralizing the gaming industry.
TRON is also one of the most popular blockchains for building DApps.
TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in its 30 Under 30 series for entrepreneurs.
Born in 1990, he was also associated with Ripple in the past — serving as its chief representative in the Greater China area.
The platform was founded in September 2017.
The Tron Foundation raised a total of $70 million in an initial coin offering (ICO) and launched its mainnet in June 2018.
Since then, it has grown to become one of the top 50 cryptocurrencies by market capitalization.
By freezing TRX inside the Wallet, Tron Power is automatically generated at a 1:1 ratio. Tron Power can be used to vote for the Super Representative of choice.
The Tron Foundation will be rewarding Super Representatives 16 TRX per block generated, in addition to a candidate reward of 160 TRX per block for all SR candidates delivered in proportion to total votes.