General data and information😀😀
TRON is an open-source platform launched in 2017 for the decentralized global distribution of content and entertainment, as well as the implementation of smart contracts. Its whitepaper was published prior to its August 2017 ICO on the Ethereum blockchain. With high TPS (transactions per second), the network allows creators to publish, store, and retain ownership of their content and receive rewards directly from their followers through the native currency (TRX) and other cryptocurrencies.
By utilizing a decentralized file storage network (Peer-to-Peer), the Sun network allows content to be added to the blockchain without requiring intermediaries for content publishing (publishing platforms). Types of entertainment content can range from familiar music and video formats to more novel formats such as decentralized applications (dApps), games, and online gambling.
Milestones
April 2017: The Tron Foundation was established.
August 2017: Tron ICO
May 31, 2018: TRON mainnet launched.
June 2018: ERC20 tokens migrated to Tron.
July 23, 2018: Bittorrent is acquired by Tron
Utility
Content consumers can use the native currency (TRX) to purchase game assets from creators, use it within games, reward creators directly for their content, or buy additional access. In turn, the currency can be used to pay for various services on the network.
Freezing TRX tokens (staking) generates the energy and bandwidth needed to interact smoothly within the network. Additionally, it provides greater voting power to Super Representatives.
Important features
Average block time of 15 seconds; total supply of 100 billion TRX; consensus through Proof of Stake (Fast Paxos).
High bandwidth, averaging 2,000 transactions per second.
Limited control of TRX price through centralized minting or burning. Scalability design from the outset.
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