Tron has a long history and has gradually matured. It has also developed the TVM public chain virtual machine that is compatible with Ethereum smart contracts. Investors in the blockchain often use Tron Chain to transfer assets of USDT’s encrypted stablecoin (TRC20), but there are still some people who don’t know much about TRON. It is easy to be confused when seeing TRON and Tron Chain in articles. Do you understand that TRON is the TRON chain? Want to know the relationship between TRON and TRON? In fact, TRON is the TRON chain. Next, the editor will explain this TRON concept in detail, hoping to help everyone understand TRON better.
TRON is the TRON chain, whose full name is TRON Protocol, which aims to build decentralized applications and Internet services. Justin Sun is the founder of TRON, a project founded in 2017.
Tron’s goal is to improve the Internet experience, including digital content distribution and social media, through a decentralized platform. It supports the ecosystem using the TRX cryptocurrency.
The core of the Tron project is its blockchain technology. It allows developers to build decentralized applications (DApps) and smart contracts, getting rid of dependence on traditional centralized Internet architecture. In addition, Tron also adopts the representative DPoS (Delegated Proof of Stake) consensus mechanism to achieve high throughput and fast transaction confirmation. This consensus mechanism improves the scalability and efficiency of the network by entrusting representative nodes to verify and confirm transactions.
Although TRON has a certain connection with TRON, TRON has developed into an independent blockchain project with its own independent ecosystem and community, rather than just a branch of TRON. There are many DApps and digital assets on the TRON network, providing developers and users with diverse blockchain application opportunities.
TRON is a project closely related to the TRON chain. Its goal is to build a decentralized blockchain platform to support the development of decentralized applications (DApps) and smart contracts. Initially, TRON was created based on Ethereum’s ERC-20 token standard, but migrated to its own mainnet in 2018 and became an independent blockchain project. TRON’s mainnet uses TRX (TRONix) as its native cryptocurrency. Through such an architecture, TRON provides users with a secure, efficient and scalable blockchain solution designed to promote the development of decentralized applications.
Although TRON has some connection with TRON, it has become an independent blockchain project with its own ecosystem, technology and community. However, the vision of the TRON chain still has an impact on the development and direction of TRON. The Tron chain smart contract aims to provide everyone with DeFi support funds based on TRON blockchain and smart contract technology.
Tron is an open blockchain platform. In addition to encrypting the private information of transaction parties, the data on the Tron chain is public to everyone. Through the public interface, anyone can query the data of the Tron wave field chain and develop related applications. Therefore, the entire Tron wavefield chain system is highly transparent.
TRON is a decentralized public blockchain founded by Justin Sun in 2017. TRON’s main goal is to support and incentivize content creators, who currently only receive a small percentage of the revenue they generate. The project offers creators greater compensation for their efforts and grants them full ownership rights. Additionally, TRON features a large number of cryptocurrency-based games. Players of these games can accumulate TRX coins and use them to reward and support creators.
TRON is a competitor to the Ethereum blockchain as it enables developers to create decentralized applications (dApps) just like Ethereum. It also supports some blockchain platforms and smart contracts. Additionally, TRON uses its own TRX token to reward creators. If you are curious about the current TRX price, check out the TRON price chart above.
The purpose of TRON Network is to implement the blockchain technology sector in the entertainment business given the speed at which it's becoming increasingly digital. By keeping creators away from centralized platforms like streaming services or music sites, TRON helps them avoid losing large amounts of money to middlemen. In addition, viewers will pay less for the content they want to watch.
Apart from this, TRON is also considered a file sharing platform as it acquired BitTorrent, one of the largest file sharing systems, in 2018.
Overall, TRON’s main goals are as follows:
Provide users with simple distributed file sharing;
Encourage content creation with rewards;
Enable content creators to launch their own tokens;
Create a decentralized gaming sector.
The TRON network consists of three main layers – storage layer, application layer and core layer. The storage layer essentially partitions TRON's data of any kind and keeps it secure. The application layer, as the name suggests, is the layer where developers can create dApps. The core layer mainly calculates and analyzes instructions, then sends them to the Tron virtual machine, where dApps are executed.
TRON has Turing-complete virtual machine capabilities as it is designed to interoperate with the Ethereum Virtual Machine (EVM). Therefore, TRON’s implementation of smart contracts is comparable to Ethereum’s. However, TRON uses a bandwidth model, while Ethereum uses a gas fee trading mechanism. Therefore, TRON's transactions are more affordable than Ethereum's transactions.
When it comes to transactions, TRON uses a Bitcoin-like Unspent Transaction Output (UTXO) mechanism to complete transactions. Essentially, the TRON cryptocurrency project uses the Delegated Proof-of-Stake (DPoS) consensus algorithm. It has 27 super representatives who are responsible for tracking transaction history and verifying transactions. A new super representative is selected every six hours. In exchange for their services, they receive TRX coins produced by DPoS. Therefore, TRON tokens cannot be mined. They can only be created as block rewards for super representatives.
Additionally, TRON has impressive transaction speeds as it is capable of processing 2,000 transactions per second.
TRON was launched in 2017 by Chinese entrepreneur Jia Yueting and established the TRON Foundation, headquartered in Singapore. TRON's goal is to change the way the entertainment and culture field operates through blockchain technology, providing a decentralized platform that allows content creators to directly reach audiences while avoiding the problems of excessive monopoly and commercial intermediaries.
TRON uses smart contract technology similar to Ethereum to enable developers to build decentralized applications (DApps). TRON uses its own virtual machine environment, called "TRON Virtual Machine" (TVM), which is a globally scalable and inclusive virtual machine based on blockchain technology. TRON also implements a unique consensus mechanism called Delegated Proof of Stake (DPoS), which means that token holders in the TRON network can elect representatives to verify transactions, improving the efficiency of the network and security.
TRON’s main application scenarios are the entertainment and media industries. Through TRON’s platform, content creators can publish and distribute their works directly without relying on traditional intermediaries. This will reduce the cost of content creation and provide a more direct revenue channel. In addition, TRON can also be used for game development and game trading, as well as the issuance and trading of digital assets.
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