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What is TRON all about
TRON, much like Ethereum, and less like Bitcoin, is a blockchain platform that has honed in on the digital content entertainment world in order to eliminate the middlemen from the space. Tron is intended to act as the new global digital content entertainment system with distributed storage technology, allowing for easy and cost-effective sharing of digital content.
Tron was founded in 2017 by well known young tech guru, Justin Sun. Sun’s plan with Tron is a large and ambitious one as he essentially wants to tighten up the relationship between content creators and content consumers and let the value flow freely between the two via the Tron platform with no need for middlemen taking their cut.
As a platform, Tron uses Tronix (TRX) as its native token. The main function of this cryptocurrency on the Tron network is to be used as a payment system by the consumers to pay the content producers.
One of the biggest advantages of the TRX token is that there are no fees on using it on the network. This is a rather remarkable feat for a cryptocurrency, but one that ties in well with the vision of Tron.
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TRX Questions & Answers
Currently, what is the price of TRON?
Current price of TRON is 0.08619 Euro.
How much did TRON cost at its highest?
The price of TRON peaked on 2018-01-05, at 0.19 EUR.
Is TRON going to cost more in 30 days?
On the basis of our price prediction, we expect, TRON's value will reach anywhere between €0.06670245448504994 and €0.09470774695784605 one month from now.
Is TRON going to cost more 3 months from now?
In accordance with our short term price prediction we estimate the cost of TRON is likely going to reach between €0.06670245448504994 and €0.09929299202810561 in 3 months time.
What is the price of TRON going to be half year from now?
It is very difficult to predict the future accurately, however on the basis of our price prediction algorithm we estimate that TRON's cost is likely going to reach between €0.06670245448504994 and €0.14 in 6 months.
Does TRON have a large following on social media?
118579 users participated in discussing TRON on Reddit in the last 2 days. TRON's Twitter handle is currently followed by 1180667 users.
Who is Justin Sun and what does he do at Tron?
Justin Sun is the founder and CEO of Tron. He is seen as an enigmatic character in the cryptocurrency space, often not too far from controversy, but he has been recognised as a powerful and young business man.
Does Tron own BitTorrent?
In one of its bigger mergers, Tron bought out popular torrent site BitTorrent and integrated blockchain and cryptocurrency services to the platform as part of tis plan to make content more controllable by creators
What is the Tron Protocol?
The Tron protocol, maintained primarily by the Tron Foundation, distributed computing resources equally among TRX holders with internal pricing mechanisms such as bandwidth and energy. It is the operating system of the Tron network and allows for the execution of programs on its blockchain.
What does the TRX token do on Tron?
TRX, while also held by many as a store of value, has a much bigger role to play in the Tron network as it acts as part of the internal economy for creators and consumers, but also helps in facilitating transactions across the entire network.