Iuliia Sukhomlinova A blockchain enthusiast and a content writer at AirdropAlert.com. My final goal is to help readers find what they need, understand what they find, and use what they understand appropriately. Favourite mystery - Satoshi Nakamoto, favourite crypto - Bitcoin (BTC), favourite airdrop - BRD.

What is TRON (TRX)?

2 min read

TRONLogo

Everybody’s talking about BitTorrent airdrop these days. Huobi, OKex, Binance, Gate have recently added the BTT token to their boards.

And it only looks like the beginning of Justin Sun’s global expansion plan.

To take part in BTT giveaway, you need to be the holder of TRON (TRX) tokens.

But what is TRON? The AirdropAlert team will tell you in this article. 

TRON basics

You have accounts with Facebook, Instagram, Twitter and YouTube. These giants make money on the content you create.

How? They sell your data to advertisers. So that later advertisers show you products you’re interested in.

It’s easy, of course, to let somebody lead you through the giant world of services. But isn’t it uncomfortable that somebody knows so well your google search history?

TRON (TRX) creators’ big ambition is to decentralize the Internet. They want to place control over the data back into users’ hands. The team’s focus is on the users.

They want to reward artists, photographers, writers and other creatives with crypto. The reward is about to be proportional to his/her contribution.

The TRON team has the whole gaming and entertainment-focused ecosystem in mind. To make the plan come true, they are going to take 8-10 years.

Let’s say you want to buy a song from an artist. They could have a designated website where you pay the band directly. Or you can pay them with BTT tokens for sharing the content via BitTorrent. What would you choose?

Not a usual blockchain

In a way, the TRON blockchain is an answer to Bitcoin and Ethereum with their scalability issues.

TRON doesn’t scale the main network by sharding or sidechaining. Yet, it uses the different and innovative consensus, DPoS, Delegated Proof of Stake.

With this type of consensus, the network doesn’t need much electricity. Why? In DPoS, users put control into delegates’ hands.

Of course, this is a more centralized approach. But it results in transactions that get confirmed in an average of 1 second.

The TRON blockchain includes the scope of interesting technologies. For example, there will be three node types; Witness Node, Full Node, and Solidity Node.

Plus, TRON Solidity is a fork from Ethereum’s Solidity language.

The TRX token

As of writing the article, Feb.22, 2019, this is what the TRX market performance looks like.

TRX perfomance

To buy TRX, get a TRON wallet and your TRON address. Find a TRX exchange, Binance or Bitfinex, and withdraw the TRX token to your wallet.
In 2018, TRON’s team launched the proprietary blockchain. They had to migrate to it all the tokens stored before on Ethereum.

That’s why TRX is compatible with the ERC-20 standard. So it’s OK to store your funds on hardware wallets that support Ethereum blockchain.

Examples? Ledger Nano S and TrezorMyEtherWallet (MEW) is also great to go.

Interesting fact! The migration event from Ethereum to its own blockchain, the team calls Independence Day.

“The next Jack Ma”

maSun

If you’re wondering who Jack Ma is; he is the founder of Alibaba.

On the photo, he is the man on the left. As for Justin Sun, CEO and founder of TRON, right on the photo, Jack Ma has taught the talented young entrepreneur himself.

But even without this fact, Sun’s portfolio looks impressive. He is the Graduate of the University of Pennsylvania and the founder of Peiwo APP (China’s Snapchat). Besides, he is the former chief representative of Ripple China.

There is a large number of influencers to cover TRON. And there are all the reasons to be optimistic. The project’s team has got a clear, long-term vision. Plus, a strong development team is about to support these endeavours.

The question is, are you eager to see how the project will evolve? Follow the AirdropAlert’s blog updates!

We post new blogs regularly on our Twitter, Telegram and Facebook channels.

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Iuliia Sukhomlinova A blockchain enthusiast and a content writer at AirdropAlert.com. My final goal is to help readers find what they need, understand what they find, and use what they understand appropriately. Favourite mystery - Satoshi Nakamoto, favourite crypto - Bitcoin (BTC), favourite airdrop - BRD.

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