Tron is a blockchain-based decentralized protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology. The protocol allows each user to freely publish, store and own data, and in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
Governance of Tron done by TRON community which votes and select 27 Super Representatives, who then generate and validate blocks within a 3 second block time, through a decentralized autonomous organization. Super Representatives are re-elected every 6 hours. The 27 Super Representatives also govern the network by proposing and voting for TIP (TRON Improvement Proposal) in the TRON committee.
Justin Sun a Chinese entrepreneur founded Tron in 2017. China outlawed the digital tokens shortly before Tron Foundation raised $70 million in 2017 through an Initial coin offering The white paper of TRON is widely accused of plagiarism. Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron code base.
Tron switched its protocol from an ERC-20 token on top of Ethereum to an independent peer-to-peer network In 2018, after that, Tron marketed to rival Ethereum. Tron become a top 10 cryptocurrency On 25 July 2018, after that the Tron Foundation announced it had finished the acquisition of Bittorrent, the biggest peer-to-peer file sharing network. The implementations of TRON foster minimal transaction fees to prevent malicious users to perform DDoS attacks for free.
Tron had a total market cap of about $1.6 billion by January 2019. In February 2019, after being acquired by Tron Foundation, BitTorrent started its own token sale based on the Tron network. In May, 2019, the cyber-security testing service HackerOne revealed that just one computer could have brought Tron’s entire blockchain to a halt.
Tron protocol, distributes computing resources equally among TRX holders with internal pricing mechanisms such as bandwidth and energy. Tron provides a decentralized virtual machine, which can execute a program using an international network of public nodes. The network has zero transaction fees and conducts ~2000 transactions per second.