TRON

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Tron logo

TRON is a blockchain-based, descentralized protocol project that aims to be a content distribution platform for the digital entertainment industry [1]. As of April 2018, the public chain test network is online; the main network is not yet live. The countdown for the main network is available here.

Tron Foundation was established in September 2017 by current CEO Justin Sun. The TRON landingpage describes the aim of the protocol as the construction of a global and free entertainment content ecosystem, in which creators have the power to freely publish, store, and own their content, interacting directly with consumers thanks to the decentralized issuance, circulation, and trading of digital assets [2].

Tron ICO was in September 2017 that managed to raise $70 million. The platform's native token is the Tronix (TRX). The coin has been trading since September 2017 and reached its highest market TRX price at $0.30 on January 5th 2018. Its maximum market cap was $19.7 billion on January 5th 2018.[3] It has fluctuated between 1.5 billion and 3.5 billion between February and April 2018. Updated numbers available at CoinMarketCap.com

Tron faced criticism for plagiarism in early 2018, because their whitepaper features open source code from Filecoin and IFPS whitepapers with no citation.[4][5] [6] [1] Justin Sun has since responded that this was just a mistake made by volunteer translators.[7]

Tron code is available at GitHub.

TRON Review[edit]

Where is TRON (TRX) Headed in 2018? Why we are buying a million TRX

Tron is designed to ultimately make entertainment content both easier to sell and cheaper to consume. In theory this goal is achieved by putting the content on a blockchain and the creators and consumers in a network of peers, eliminating the middleman. [8]

TRON network has built a set of consensus mechanisms, which can use minimum cost to solve identification and personal credit issues in online transactions. It also uses point-to-point transactions to avoid traditional centralized settlement structure. TRON network can play the host role between users and developers, to ensure authenticity and compliance of info credit. [9]

As explained in their website, the Tron Protocol offers "scalable, high-availability and high-throughput support that underlies all the decentralized applications in the TRON ecosystem". The network incentivizes users to build their own decentralized entertainment applications (Dapps).[10].

Technical analysis[edit]

Tron technical solution

Tronix TRX coin[edit]

The Tron network's native token is the Tronix (TRX). One can purchase Tronix on exchanges like Liqui and Binance by exchanging them for other cryptocurrencies like ETH or BTC. Purchase with fiat currencies is not possible at present. It can be stored on wallets that support the Ethereum blockchain like MyEtherWallet[11]. Actually, there is no official Tron wallets.

Tronix can be used by content consumers to pay for the content they want to access on the Tron network. These coins would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or used to pay for blockchain services.

In February 2018, TRX was ranked 15th on the list of largest cryptocurrencies by market capitalization. (See also, Tron Surges: Ethereum Tops $1,000 As Bitcoin Price Falls.)

Market[edit]

TRON TRX reached its highest market price at $0.30 on January 5th 2018. Tron's market cap peaked at $19.7 billion on the same date. It has fluctuated between 1.5 billion and 3.5 billion between February and April 2018. Updated numbers available at CoinMarketCap.com

Tron Price[edit]

Uniqueness[edit]

  • Data release: free and uncontrolled content, including characters, images, audio and video, can be uploaded, saved and distributed.
  • The provision of content: digital assets to get through the delivery and distribution of content cost to stimulate the creation of environmental content.
  • Personal ICO: a person can freely distribute digital assets in the form of ICO, while others can enjoy the benefits and services caused by continuous data development by buying digital assets.
  • Infrastructure: with distributed digital assets will be equipped with a full set of decentralized infrastructures, including distributed exchange, offline games, prediction and game system.

Tron TRX coin roadmap[edit]

The Tron road map is divided into six stages, each with its own name.

  • The outcome of the first step is considering the release of the data. At this point, the project provides users with a reliable and completely free platform that they can use to publish, store, or distribute data. It is designed to help users distribute and store data for distributed and peer-to-peer content.
  • The second stage, Odysseus, is dedicated to the expansion of rights to content. At this stage, the economic mechanism will become competitive due to the environmental content, empowerment, blocking technology and economic incentives. Users will get a fair return on the content they create and distribute, encouraging them to distribute the system[12].
  • The third stage (Great Voyage) , a personal ICO, looks at how TRON solves major problems such as dividend payments, supporter management, and income measurement. It also helps to turn into "fan Finance"from" fan economy".
  • Stage four, Apollo, focuses on the free movement of Tron value, allowing each content producer in TRON to create their own tokens. To make this possible, the project must create a decentralized trading platform, which also enhances the economic viability of the system.
  • Next-the fifth stage, Star Trek, monetizing traffic. If in 2014 the global gaming market will be more than $ 450 billion, the project hopes to take advantage of these figures, creating a decentralized platform of online games. With the help of TRON, the developers are free to create these online gaming platform that allows you to predict the market functions and is fully stand-alone game.
  • Finally, stage 6 (Eternity) transforms traffic by offering an online gaming platform. Developers will be able to freely create their own gaming platforms through TRON. With the help of the project, they can easily manage their game, allowing regular people to invest in games that they are interested in, and talk about the future of the gaming market[13].

Perspectives[edit]

The digital entertainment market is estimated at about 1 trillion U.S. dollars, of which most part is occupied with online games like casino. The TRON platform can be compared in terms of volumes with such a company as Ali Baba, which is a world leader in the field of Internet Commerce. Since most of the TRON investors are from China, there is no doubt that this platform will get a lot of popularity there. According to our forecasts in 2018, the cryptocurrency TRX will be able to reach a price of 10 cents per coin, so take a look at it.

Citicism[edit]

Plagiarism in whitepaper[edit]

The whitepaper for TRON appeared in English, Spanish and Russian translations in early January 2018. The document stated as foundational beliefs that the internet is not the free, descentralized territory it used to be, and that users should have a right to own and control their own data and to disclose information freely and voluntarily [14].

The whitepaper was widely accused of plagiarizing Filecoin and IFPS whitepapers. [4][5] [6] Vitalik Buterin, creator of Ethereum, pointed out the whitepaper's plagiarism on Twitter on April 6th 2018.

Justin Sun attributed the lack of citation to translation issues, saying "Our original version of the whitepaper is in Chinese and we have a very detailed reference to the latest Chinese version. The English, Korea, Japanese and Spanish versions are translated by the volunteers. The translation missed numerous important details not just reference"[7] The latests Tron coin news are available on the special resources.

Resources[edit]

See also[edit]

References[edit]

  1. Frisco d'Anconia, "TRON Breaks Into Top 10 Cryptocurrencies, Displaces Dash", Cointelegraph.com, 04.01.18 . Retrieved 13.04.18.
  2. n.d., "TRON Make Web Decentralized Again", Tron Foundation, n.d.. Retrieved 13.04.18.
  3. Coin Market Cap, "TRON charts", CoinMarketCap.com, 13.04.18. Retrieved 13.04.18.
  4. 4.0 4.1 Juan Benet, "TRON's "paper" is mostly copied from other projects", twitter.com, 07.01.18. Retrieved 13.04.18.
  5. 5.0 5.1 Mike Brown, "Is Tron Plagiarized? White Paper Controversy Hits Cryptocurrency", Inverse.com, 09.01.18. Retrieved 13.04.18.
  6. 6.0 6.1 n.d., "TRON’s Whitepaper Appears to Plagiarize from Filecoin and IFPS", ccn.com, 09.01.18. Retrieved 13.04.18.
  7. 7.0 7.1 Justin Sun, "Response", Twitter.com, 07.01.18. Retrieved 13.04.18.
  8. Shobhit Seth, "What is Tron?", Investopedia.com, 20.02.18. Retrieved 16.04.18.
  9. n.d., "Tron TRX overview", ICORating.com, n.d.. Retrieved 16.04.18.
  10. TRON Whitepaper - GitHub
  11. TRON (TRX): Zero Chance Of Coming Back? - Crypto Gazette
  12. TRON - BitScreener
  13. How Well is TRON (TRX) Recovering - Global Coin Report
  14. n.d., "TRON whitepaper", ifps.io, date_published. Retrieved date_retrieved.


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