Tron, Tronix (TRX) - What is it?, Technology!, Decentralized Web

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Tronix (TRX) is the official currency of TRON, which aims to be a decentralized entertainment content sharing platform eventually leveraging blockchain and peer-to-peer (p2p) network technology. Founded by a non-profit Singapore-based foundation, the Tron Foundation seeks to tackle the global entertainment industry – currently valued at $1 trillion.
CEO and founder of TRON, Justin Sun, is often said to be “the next Jack Ma”, the founder of Alibaba.

According to its whitepaper, “TRON’s team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups.” Tim Berners-Lee is the founder of the World Wide Web.

TRON’s open, decentralized platform and distributed storage technology will allow creators of digital content to cut out middlemen such as the Apple Store and Google Play Store. Content producers will thus be able to obtain funds directly from consumers.

Currently, a lot of user data and traffic is controlled by a few corporations like Google, Facebook, Amazon, & Snapchat. TRON attempts to mitigate this control by placing ownership of the data back into the creator’s hands.

Key features of TRON
TRON wants to “Heal the Internet” through the following features:

Data liberation: free and uncontrolled data
Enabling content ecosystem where users can obtain digital assets from content spreading
Personal ICO with the ability to distribute digital assets
Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.

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Create: Hrvoje Čočić
Category: Education
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