TRON is a decentralized network based on blockchain technology and was specially designed for the entertainment sector of the Internet of the future. The aim of the network is to establish a decentralized structure and to give the user back control over his data. Basically, the TRON network was designed to support different cryptocurrencies.
The TRON Coin (TRX) token called Tronix serves as a common basis for the exchange between the different systems. This token can already be traded on various exchanges and has seen a strong price increase of more than 2,000 percent in the last few weeks. The investors’ imagination was spurred not least by the proximity of the network to the Chinese Alibaba Group.
TRON’s most recent acquisition was the world’s largest block-chain based decentralized network, Steemit. Furthermore, BitTorrent also belongs to the ecosystem. Therefore it can be worthwhile to acquire TRX. But there are a thousand ways to invest in TRON. The best and easiest way to buy TRON is explained on this page. There you will also find further information like a wallet guide and a TRX chart.
The basic problem: The Internet as a decentralized system
As with almost every new invention, TRON is designed to solve a specific problem. In this case: The increasing centralization of the Internet. Originally, the network was almost exclusively decentralized. In the meantime, however, companies like Google, Amazon, Apple and Facebook have gained an enormous position of power. In China – where the TRON network was conceived – the situation is not much different. Here the companies are simply called Alibaba or Tencent. In this point, the new cryptocurrency wants to improve the situation by establishing a decentralized content entertainment system based on the blockchain. This should create a direct link between the producers of digital content and the users. Fees and commissions could thus be a thing of the past.
The Tron Token is called Tronix
As already mentioned, a separate token has been introduced for the exchange of money within the system. This token is called Tronix. But it also has another function: Whoever contributes to the maintenance and improvement of the Tron network is rewarded with tokens. It is also possible to hold tokens as so-called TRON POWER. These are then no longer tradable, but the owners receive additional privileges within the network. This measure is intended to help reduce currency fluctuations. However, it remains to be seen to what extent this approach will be successful. There are also special TRON 20 tokens that can be used for ICOs.
The clever mind behind TRON: Justin Sun
The new cryptocurrency was founded by the Chinese Justin Sun. He is comparatively unknown in Germany, but already a well-known tech giant in China. He is often compared with Alibaba founder Jack Ma, at whose elite university he was the first student. This closeness is probably also responsible for part of the rise in his share price. After all, there is a rumor in China that Alibaba might consider an official cooperation with the TRON network. However, so far there are no official confirmations of this. In the field of cryptocurrencies, Sun was also active for a time as China representative for Ripple and is now using this experience for his own project.
The price development of the TRON Tronix token
As with many other cryptocurrencies, performance was very sluggish for a long time. At the beginning of December, the exchange rate was still less than one cent. However, for the reasons described above – the proximity to Alibaba and the potential of the Peiwo app – among others, an upward trend has been recorded since then. The upward movement of TRX and the hype generated by Sun has led the TRON to be among the top twenty cryptocurrencies worldwide. Interesting to know as well: A total of one billion Tronix were issued.