TRON in brief
Definition
TRON is a protocol based on blockchain technology launched in 2017 by Justin Sun. Designed for the entertainment industry, the TRON blockchain wants to build a decentralized content distribution platform to offer an alternative model to the current model, where production houses or distribution platforms monopolize a large part of the wealth produced by creators. .
Goal
TRON wishes to allow each creator to freely own and share their own content , while having the power to decide for themselves the conditions of their distribution to the general public: distribution price, limited or unlimited access ...
The goal is to give back to content creators the right to fully dispose of the fruit of their labor, to create a new, fairer sharing ecosystem in reaction to the current particularly expensive centralized platform economy.
Product
The TRON project and its cryptocurrency TRX aim to offer an increasingly sophisticated product during its roadmap. Its stabilized back phase is called Eternity and will only be reached after 10 years (in 2027). Here are the different stages of the development of the TRON blockchain:
Exodus (August 2017 to December 2018): work on the code bases, launch of the Mainnet
Odyssey (January 2019 to June 2020): community development, reward for the most invested developers who will be elected by the users of the network
Great Voyage (July 2020 to July 2021): partner companies will be able to create personalized tokens on the platform (convertible into TRX)
Apollo (August 2021 to March 2023): content creators and developers will in turn be able to create custom tokens
Star Trek (April 2023 to September 2025): integration of a decentralized video game platform
Eternity (September 2025 to September 2027): developers will be able to finance and monetize their projects by raising funds on the TRON platform.
Consensus protocol
TRX 100 billion were distributed on the network: 40% to investors of the ICO, 35% to the TRON foundation and its ecosystem, 15% in private supply and 10% to Peiwo (1 st application on TRON).
TRON is based on a particular consensus mechanism: Proof of Replication, which is reminiscent of Proof of Storage . Note that TRON has been accused of having plagiarized the Filecoin and IPFS documents to explain its consensus protocol in its white paper.
The Proof of Replication is to provide storage space to the network. Network users thus donate TRX to all those who share this storage space with them. Each creation of space contributes to the creation of a block of the chain.
TRON aims to be efficient and flexible by allowing content to be stored in several places: if certain nodes leave the network, the content can be preserved before finding new nodes to increase the storage space.
Advantages and disadvantages of TRON
The advantages of TRON
The TRON blockchain responds to a real problem : that of the very high cost of intermediaries in the world of entertainment. It creates a much fairer ecosystem by giving back to content creators all of their rights to their creations;
Justin Sun (CEO of TRON) is extremely popular in Asia , which inspires an example of professional success among young people. Its Peiwo application, Snapchat's Chinese competitor, is a real success;
TRON relies on a solid team of developers;
The TRON community is very developed and there is a real international enthusiasm for the project.
The disadvantages of TRON
The project is only in its first phase and it is important to remain cautious before predicting a meteoric success for the TRON blockchain;
The token is currently largely overvalued compared to the progress of the project;
The personality of Justin Sun is not unanimous and the most suspicious see him as a crook.
there you go
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