CryptoURANUS Economics: Tron-Coin: Defined in CryptoCurrency

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Monday, August 20, 2018

Tron-Coin: Defined in CryptoCurrency


Tron-Coin [Tronix-TRX]:











About Tron-Coin [Tronix-TRX]:

Tron is a blockchain-based protocol for a free content entertainment system, allowing each user to freely publish, store and own data.

Tronix-Tron-TRX does this in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

Tronix ix an ERC20 token based on the Ethereum blockchain, acting as the basic unit of account on the platform. 

Introduction:

Tron(TRX) another raising name in blockchain industry, was created by Justin Sun.

Like other crypto projects it is also a decentralized platform which provides the foundation for entertainment ecosystem.

It allows direct access to customers and eliminates any third party in-between content creators and distribution networks.

TRON is about to cover $1 trillion entertainment industry over the globe. It has a large number of employees in Beijing office.

The idea behind this ecosystem is to eliminate the need of big companies and give more rights to people on their content while selling and purchasing.

Influencers:

Jack M: Founder of Alibaba Group has recently stepped in TRON. Alibaba executives have joined TRON development team, so we can say that project is in brilliant hands.
Wei Dai: He is the founder of Ofo. A china’s biggest shared bicycles provider who has invested about 3 billion dollars in TRON.
Feng Li: One of the key early investor who is also connected to Ripple and Coinbase.
Chaoyong Wang: He is Founder of ChinaEquity Group, with market value 2 Billion USD.
Linke Yang: Founder of BTC China, which was at one point “the world’s second-largest bitcoin exchange”.
Shuoji Zhou: Founder of FBG Capital.
Hitters Zhou: Founder of Nebulas.io and ico365.

Technology:

TRON has consensus engine which is core module of the platform.
Consensus engine gets connect to the application by ABCI to form a fault-tolerant state machine. 

All this can be implemented by any programming language. Its software hagiarchy includes Wallet module, blockchain module, and smart contracts.

Advantages:

  • A list of successful investors.
    Users have central ownership of their data.
  • Free public service where content owners have rights than other companies.
  • A big boost in the entertainment industry by a non-profit platform.

Disadvantages:

  • No proven success history yet.
  • Rumors of scam and false statements.
  • Relatively highest number of coins in supply. 
 

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