Tron - TRX | The World of Cryptocurrencies

Since the beginning of Bitcoin in 2008 and in the light of the rapid increases in the price of the same cryptocurrency, numerous other assets such as Ethereum, Litecoin, Monero, Ripple, have entered the market contributing to the development of the cryptocurrency trading. TRON has certainly gained a lot of popularity in last months driving his own way through this new world. It was introduced firstly on the market as an initial coin offer (ICO) on 9 September 2017 by a an organization based in Singapore and gained a lot of interest and has a lot of eyes on it lately. What is TRON TRON represents a protocol based on open source blockchain, designed to be used firstly within the digital entertainment industry. The nonprofit organization that superintends TRON proposes a platform that can share various entertainment content, using a blockchain and peer-to-peer (P2P) network technology. In the same time has been launched a cryptocurrency – Tronix (TRX) – the purpose is to try to convey resources more effectively, becoming a spendable resource and with which can be carry out commercial regulations. Therefore, not an instrument of speculation, but more than anything a way of current payment.     Who’s beside TRON?   Tron’s chief executive officer is Justin Sun, who Forbes Asia has recently added to the Continent’s under-30 list. He founded the Peiwo chat app and was also the former representative of the Bitcoin platform in China. The TRON Foundation is based in Singapore and is a non-profit organization, which manage the TRON network bested on the principles of transparency, fairness and openness. All the “profits” gained by the Foundation are founds invested in future events and promotional activities. Members do not participate or benefit from the distribution of profits.   The technology that uses TRON TRON put-together a peer-to-peer technology based on blockchain: as it already happened with most other cryptocurrencies and can cancel the presence of intermediaries. It presents a distributed and not centralized storage that allows users to access to the entertainment content from all over the world without the necessity of the operators of reference. The editors of content can therefore receive funds quickly from consumers, without having to go through the internal of specific platforms. TRON is able to support multiple blockchain networks and contracts, including Bitcoin, Ethereum, EOS and a lot of other smart contracts.       The phases of TRX TRON develops several phases during the implementation of blockchain technologies.  Exodus: it is the first phase, in which TRON is now situated, with the purpose of providing a simple function of distributed file sharing (peer – to – peer). At this stage, TRON can not exploit any blockchain technology on its current platform, but it is only a preparatory phase, technically very important. Odissey: it is the second phase of TRON, in which it wants to encourage the creation of an entertainment community involving the editors of new contents. At this phase, TRON users will be able to make transactions using TRX via unidirectional payment channels. Great Voyage: it is the third phase of TRON and consists of a private ICO based on the typical advantages of the blockchain network. Income, dividend management and other administrative aspects must be regulated within this level. In this level TRON must become not only an “economic” tool, but “financial”. In order to achieve these goals, it is at this stage that a personalized blockchain platform need to be created. Apollo: it is the fourth phase of TRON – similar to Great Voyage. Apollo will also offer an ICO to all users and a platform similar to that of Ethereum. At this phase, TRON will be able to launch its own tokens. Star Trek: in this fifth phase the TRON content platform will be integrated into a decentralized gaming platform with autonomous games and entertainment functions. Believing in big development of the global gaming market, TRON should have the ability to achieve desirable market capitalization.   Eternity: it is the last phase. This stage should most of all deal with fundraising and monetization, depending of the development of its community and the investors shall be able to use their money in games that have become extremely popular.       The main benefits of TRX – users or editors of content will have the total property of their own entertainment ideas and other related data, instead of having to “depend” on intermediaries such as Google PlayStore or Apple; – the users will be able to launch personal ICOs, enjoying the freedom to distribute their individual digital resources on the web; – availability of uses for gaming and market forecasts. – the Market price of TRON is updated in real time In this moment the market capitalization of this cryptocurrency is about 1,5 billion dollars.    CC0 Creative Commons https://cdn.pixabay.com/photo/2018/01/17/20/22/analytics-3088958_960_720.jpg CC0 Creative Commons https://cdn.pixabay.com/photo/2017/03/27/21/31/money-2180330_960_720.jpg CC0 Creative Commons https://cdn.pixabay.com/photo/2017/08/16/14/47/mining-2648004_960_720.jpg Recommend0 recommendationsPublished in Top Rated, Opinion, Alt Coins Loading...