TRON (TRX) Price and Analysis

Tron Overview

Tron is a blockchain-based decentralized protocol which aims to be a content distribution platform for digital entertainment. The Tron platform has its own native cryptocurrency also called Tron (TRX). The Tron foundation was created in September 2017 by Justin Sun, the CEO of Tron.

Tron is a decentralized entertainment and content-sharing platform that is underpinned by blockchain technology. It is essentially a social media platform that differs from the other major social media platforms in how it is monetized. On the Tron platform, the users are directly compensated for being creators of content – and they still own the content.

Tron is also built in such a way that it allows the use of any high-level language for smart contracts. This makes the platform highly flexible to developers. Some people have argued that the Tron platform is an example of Web 3.0 – a decentralized version of the internet where the users are in control. The goal of the platform is for creators to be able to communicate directly with their audience without the involvement of a third party.

Justin Sun is a somewhat controversial character. The 29-year-old is a Chinese-born crypto enthusiast who has been on the crypto scene since the early days of Bitcoin. Sun first became known as the creator of PEIWO, a Chinese Snapchat rival which is highly popular. He also purchased the peer to peer file sharing company BitTorrent in July 2018 for $140 million through Tron.

The young entrepreneur has had several clashes with Vitalik Buterin, the founder of Ethereum. The pair have argued via Twitter in the past. In April 2018 Sun posted a diagram suggesting that the Tron protocol is superior to the Ethereum protocol. Buterin disagreed and accused Sun of misrepresenting the capabilities of his platform. In March 2019, Sun hit the news again after it was discovered that a high proportion of his Twitter followers are actually bot accounts. Why is this a big deal you might ask? Because Sun bragged about being the “first one in the crypto world to break through 1 million” followers. This was likely a stab at Buterin who currently has 842K followers.

Some of the controversy surrounding Sun is concerning; in early 2018 he was accused of using some of Ethereum’s code on his platform. Sun did correct this, but the incident didn’t go unnoticed by those in the industry, particularly investors. He’s also been known to anger investors in the past by announcing that an announcement will come in the future. This lack of clarity around Tron isn’t as hidden by Sun’s enthusiasm as he thinks it is.

Latest Tron News

Opera Browser Will Now Support TRON’s TRX and Other TRC-Standard Tokens

One of the most popular web browsers, Opera, has already rolled out their Opera Touch for Android and iOS with ...
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CTO of TRON Resigns; Accused by Founder Justin Sun of Accepting Bribes and More

Chief Technology Officer (CTO) and co-founder of TRON (TRX) Lucien Chen has resigned from the cryptocurrency project, citing ‘irreconcilable contradictions’ ...
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The TRON Network Welcomes Tether (USDT) to its Blockchain

The TRON network is unarguably one of the world-leading crypto platforms today. The TRON blockchain was created by the China-based ...
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TRON Founder Expresses an Optimistic View about the Future of Bitcoin and Cryptocurrencies

Kicking off the year with a strong start, the Chief Executive Office of TRON (TRX) Justin Sun says he believes ...
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Weekly Crypto Market Analysis March 6-13: Stellar Rises, Tron Falters

The crypto markets are finally behaving in a very matured manner. After every major increase, there is a round of ...
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Tether Partners with TRON to Broaden its Blockchain Horizon

Touted as the boss in the stablecoin market, Tether has enjoyed widespread attention since its launch in October 2014 (initially ...
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Data Shows EOS Made Very Little Technical Progress Over the Past 3 Months

EOS and Ethereum are two of the most popular cryptocurrencies out there. There are hundreds of applications being built on ...
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Weekly Crypto Market Analysis February 12th-19th: EOS, Ethereum Top Performers

It's great news for every crypto investor out there that the crypto market has been trading towards the green end ...
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Crypto Market Analysis January 2019: BTC & ETH Go Down, EOS & Tron Go up

There is no denying that the crypto bear market is upon us for quite some time now. In the whole ...
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BitTorrent Tokens Sold Out in Under 15 Minutes, Raising Over $7 Million

Popular torrent client and peer-to-peer file sharing protocol, BitTorrent, has recently completed their crowdfunding/ BTT token sale on Binance Launchpad, ...
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