We are going to focus today on a basic guide to important blockchain networks or platforms one of them is what we are going to explain here in this little article.
What is TRON?
According to its website, TRON "strives to build a global free content entertainment system, using blockchain technology. This protocol allows each user to publish, store and own data for free."
The system is based on the blockchain for DAPPS (decentralized applications) and smart contracts, the project has as its main objective the decentralization of the internet and wants to allow users to create their applications, content and websites without being dependent on services centralized and what is much better without having to give up control of its content. At present this world this technological world is completely controlled by giants such as Facebook, Amazon, Google among others and it is they who are responsible for managing the data and profits of all, the goal is to return the power to who really belongs Who are the users? Using the power of modern networks under the person-to-person interaction TRON aims to eliminate intermediaries allowing consumers and content creators to connect directly.
Tronix, the TRON network token
It was an ERC-20 token in its beginnings until in June 2018 they launched their own blockchain. He started his initial coin offer in August 2017 that remained until September 2 of the same year, 40% of the token supply was sold and about 70 million US dollars were raised in bitcoin and ethereum.
The total supply established by the tron foundation is 100,000,000,000 TRX, of which 66,682,072,191 TRX are already circulating. The company has the remaining in its hands, those almost 34 billion are blocked by a smart contract until January 1, 2020.
In the market capitalization ranking according to the coin market cap numbers we can find Tron in the 11th position of the ranking with a capitalization of $ 1,258,355,644 and its price at $ 0.018871.
We can also mention that its CEO and founder Justin Sun is a quite controversial character since in his creation there was a stir about his whitepaper since he was accused of plagiarism by many people in the network subtracting some credibility in the project in his Beginnings, today this server that writes here is a user of its blockchain and it is worth mentioning that it is quite efficient and talking about its speed in transactions is a positive thing, recently a partnership with Samsung to work on the blockchain of Tron this news together with the fact that the network that most DAPPS or decentralized applications have in their network and still works in a good way is something that we must take into account about the future of this project.