TRON (TRX)

Tron is a blockchain-based platform with the mission to build a truly decentralized internet. It aims to become the largest blockchain-based operating system in the world, known as the TRON protocol. The protocol is designed to offer high scalability, high availability, and high throughput computing to support decentralized applications (dApps) through smart contracts. Notably, Ethereum EVM-based smart contracts are compatible with the Tron network, which means that Solidity developers can deploy their applications without needing to rewrite them.

Ticker	TRX
Category	Smart Contract Platform
Website	https://tron.network
Twitter	@trondao
Telegram	tronnetworkEN
Reddit	https://www.reddit.com/r/Tronix

History of Tron

Tron was founded by Justin Sun in 2017, with the vision of revolutionizing the internet through decentralization. Tron has since evolved rapidly, gaining significant attention and adoption within the blockchain community. One of the notable milestones in Tron's history is its acquisition of BitTorrent on July 24, 2018. BitTorrent is one of the largest peer-to-peer (P2P) file sharing protocols, and its integration with Tron marked a significant step towards expanding the platform's ecosystem.

How Tron works

The TRON protocol

The TRON protocol is designed to be highly scalable and efficient, supporting a wide range of dApps. Unlike traditional blockchain platforms that rely on proof of work or mining, Tron is governed by nodes distributed around the world. This decentralized governance model enhances the platform's throughput, making it suitable for applications that require fast transaction speeds, such as gaming dApps.

Smart contracts and compatibility

Tron offers compatibility with Ethereum-based smart contracts through its support for the Ethereum Virtual Machine (EVM). This compatibility allows developers who are familiar with Solidity to easily transition their applications to the Tron network, providing a seamless integration process and expanding the potential use cases for Tron.

Applications and ecosystem

Decentralized applications

Tron supports a variety of decentralized applications, particularly those that require high-speed transactions. Its high throughput and decentralized nature make it an attractive platform for developers looking to build innovative dApps across a range of industries.

Tron-based tokens and exchanges

The Tron network has facilitated the issuance of numerous tokens, many of which are traded on decentralized exchanges such as TRX.market. These tokens contribute to the growing ecosystem of applications and services built on the Tron platform.

BitTorrent and the BitTorrent Token (BTT)

Following the acquisition of BitTorrent, Tron launched the BitTorrent Token (BTT) to power the economics of the BitTorrent network. BTT is used to incentivize file sharing and storage within the network, enhancing the efficiency and reliability of P2P file sharing.