What Is TRON ?
This blockchain-based platform strives to build a free content entertainment system for the entire world, by using the blockchain concept along with distributed storage technology. Tron enables users to post, store and create data. The protocol also makes decisions regarding the distribution and push of content that users create. Content creators are then able to release, handle and trade digital assets by using a decentralized content entertainment ecosystem.
TRON created the first compatible entertainment application called Peiwo App. The app currently has more than 10 million users.
The team behind TRON follow the beliefs of Sir Tim Berners-Lee, which claim that protocol is an important tool for human beings rather than a technique used by companies to increase profits. In accordance to these beliefs, the non profit organization Tron Foundation has been created and has its headquarters in Singapore. The foundation operates the TRON network in a transparent and opened manner, which aims to build trust and is ran by the TRON team members.
TRONIX is the project’s official currency. This coin also represents the basic unit of a TRON account on the blockchain. The value of all other tokens are calculated based on the value of TRON.
The TRON Power (TP) is the locked version of TRON and it can be obtained by locking the TRONIX. Those who own TP have voting rights and therefore more privileges.
As long as an individual owns TRON 20 TOKEN, they can freely issue their digital assets. This is done with the help of the TRON 20 standards. The others can enjoy the benefits and services the data growth brings.