TRON (TRX): The Promising & Future Saver
As cryptocurrency craze continues, with the fall in coins being the latest talk everywhere, a large amount of cheap, smaller and affordable coins are appearing in the crypto market which everyone feels excited about. One of these promising coins is TRON (TRX), a coin founded by a Chinese man, Justin Sun, with its protocol aims at constructing a worldwide free content entertainment ecosystem that will utilize blockchain and distributed technology, and subsequently challenge the world’s major content providers like YouTube, Amazon, and Facebook.
The world is gradually moving away from a centralized information distribution economy to a decentralized system where the user can store, publish freely, and own data, which is one of the primary targets of TRX.
Who is the brain-box behind this future investment?
TRON (TRX) seems to be the daily citation of everybody lately because of its advance innovation and challenge in the crypto market. This has made investors be more inquisitive about the source of this promising coin and where it is being originated from. The digital currency was founded in 2017 by Justin Sun who was also the founder of Callme (PEIWO) Application – one of the largest voice live streaming application in China. Justin Sun which is currently serving as the CEO of the TRON foundation was listed on Forbes 30 under 30 for three times consecutively from 2015 to 2017.
The TRON foundation is a non-profit organization which is situated in Singapore and licensed under the acceptance of the Accounting and Corporate Regulatory Authority in line with the Singapore Company laws. Justin company formed alliances with others companies such as Alibaba, oBike and Baofeng so as to further make TRX a solidify coin.
How does TRON work?
TRON (TRX) coin works in a slightly different way compared to other cryptocurrency. It focuses on the entertainment industry to help improve the flow of payment, storage content and access to the content such as songs. TRON hope to use motivation in resisting the serious problem of large data, and its operations are in phases with the aim to redeem the storage and access to data. Below are the phases of its operations.
Exodus: It is the first phase of TRON and it is aimed at providing a simple distributed file sharing that work like Inter Planetary File System (IPFS). Therefore, it is safe to say that TRX is not taking advantage of blockchain technology in its current platform. At this moment, Exodus is the only phase that has been accomplished out of the six phases of TRON application. Others have been scheduled according to the founder.
Odyssey: The second stage focus at incentivizing early acceptance and establishment of a proprietary community of content creators and consumers similar to the current proof of stake model. The scale of reimbursement used for creation is associated with metrics with a related tipping scheme as opposed to the modern clicks and views. Clicks and views are not a good fit because they can easily be maneuver and reproduced en masse by using click farms and bots. Users will basically use the native TRON token which is TRX for their transaction activities, and this will aid the exchange of value for services very fast.
Great Voyage and Apollo: These stages highlight the importance of the third and fourth phases of TRON application respectively. The Great voyage is designed to facilitate the individual Initial Coin Offering (ICOs) capabilities while Apollo enables the content producers to issue personal tokens.
Star Trek and Eternal: These are the penultimate and final phase of TRON application respectively. They focus on decentralizing the gaming industry and give developers the edge to build a gaming platform freely and then achieve financial incentives upon the games being established.
In a way to advance the work on TRON (TRX) so that its activities won’t be limited to the Ethereum network which it depends on, the founder, Justin Sun, has announced that the First Beta Version-Exodus will be launched on March 31, 2018. The upgraded version will come with many benefits that will make TXN valuable and more useful. Exodus is scheduled to span through August 2017 to December 2018 and others are scheduled as follow; Odyssey (January 2019 to June 2020), Great Voyage (July 2020 to July 2021), Apollo (August 2021 to March 2023), Star Trek (April 2023 to September 2025) and Eternity (September 2025 to September 2027).