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What Is Tron? Introduction To Trx

Tron (TRX) is a blockchain platform launched as the foundation for a decentralized entertainment ecosystem. Created by Justin Sun — a pay-to-chat application already launched on the network — Tron focuses on expanding the market of decentralized digital content applications by making it easier to create and deploy them.

Adoption of blockchain technology is limited in part because of the difficulty many developers face in learning to build from scratch on entirely new protocols. Tron is designed to ease this transition and therefore hasten the decentralization of existing platforms and creation of new Dapps.

Tron will work in the same way that other content networks work: creators produce content and consumers purchase it. Other applications can be built and leverage the same resources, and the value of TRX hinges in part on the execution of code within the Tron network.

Peer-to-Peer Media Distribution

Tron is one of many efforts seeking to leverage the peer-to-peer nature of modern networks in order to allow content creators and distributors direct access to their consumers. YouTube, iTunes, and other centralized distribution networks have a significant choke hold on the digital content market, creating a barrier for independent content producers seeking distribution channels.

Various decentralised applications are planned for deployment on Tron to take advantage of the direct, peer-to-peer architecture of the network that eliminates the need for a middleman. 

Both streaming entertainment and content delivery are massive industries. The content delivery network market alone is predicted to reach $30 billion by 2022, while the entertainment industry as a whole will exceed that amount. 

A major step in this direction is the leveraging of blockchain to eliminate the need for centralized servers. When content delivery itself can be fully decentralized, the cost of that delivery can be reduced and new ecosystems that eliminate the middleman can prosper. Tron represents one means by which this vision can be realized: eventually the centralized content delivery networks of today will give way to the decentralized content multiverse of tomorrow.

TRX Summary

  • Tron aims to:
    • Decentralize content delivery
    • Give control to content creators
  • Tron provides developers a leg-up in building decentralized applications
  • The TRX token is required to execute code on the Tron network

 

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