TRON - The most searched term on Internet today, Everything about TRON is going viral and only a few people alone know What Exactly TRON Is? How TRON Works. So we are gonna explore you the complete knowledge about TRON Today.
Before getting into this article we just want to give an one line intro about TRON.
TRON is nothing but a blockchain like EOS, Ethereum, and Bitshares. Just like every other decentralized blockchain network, TRON is also having some specific protocols, own blockchain explorer, own cryptocurrency and have been introduced with a specific intention. TRON Dapp Development is the process of developing dapps by leveraging the TRON Blockchain Explorer.
So, Let’s look out what is TRON in Detail, why TRON has been created? What is the proprietary cryptocurrency for TRON Network, The current market growth of TRON, & How to build a Dapp On TRON Network?.
What is TRON?
TRON was introduced on September 2017 by Justin Sun, the former chief representative of ripple in China. The team TRON have come up with a promising road map, and have launched their ICO in 2017, Unexpectedly the ICO has raised a huge fund which nearly worth of US$70 Million. On December 2018 Justin sun, have announced the TRON Foundation have locked up a massive amount of TRX Tokens. (i.e) Around 34.2 Billion TRX Tokens will be on circulation by January 2020.
TROINIX (TRX): THE OFFICIAL CRYPTOCURRENCY OF TRON NETWORK
TRX is the official cryptocurrency of the TRON Blockchain. Unlike other cryptocurrency, TRX has the focus of becoming humans asset rather than benefiting cryptocurrency traders alone. TRX can’t be mined, but we can buy TRX on major cryptocurrency exchanges like binance. Check out the list of exchanges where we can buy TRX.
The tron.network states that TRX Transaction Process System (TPS) is higher than BTC and ethereum. The TPS is compared as below.
TRX Network can handle 2000 transactions per second, where as BTC and ETH have only 6 TPs, 25 TPS respectively.
Tronix (TRX) Price: The current Value of Tronix (TRX)/ unit Published by coinmarketcap is, $0.026722 (While writing the article) and the market cap is $1,781,896,178 USD (i.e) 355,554 BTC. So far the peak price of TRX was $0.254791, which is happened in January 2018. The journey of TRX was started as an ERC - 20 Token in Ethereum mainnet. After the launch of TRX mainnet the entire ERC- 20 Tokens was migrated as Native TRX Coin. The Total supply of TRX is 99,000,000,000.
So far, we have discussed What is TRON, What is TRX, and the current market cap of TRX on Cryptocurrency market. Now Let’s discuss why TRON Has been introduced.
HOW TRON BLOCKCHAIN WORKS
In centralized Digital content delivery systems like youtube,iTtunes, google play store and etc. they have full control In centralized Digital content delivery systems like youtube,iTtunes, google play store and etc. they have full control over the cost of purchase and the content they produce. So from the consumers side it becomes the biggest barrier.
Tron Eliminates the third parties when a publisher publishes digital content to the end users. When a publisher publishes a digital media or content inside a TRON network, then he will be rewarded for likes, shares, comment and how many people see his content. So no middle man can decide the amount to be shared for the publisher.
So, TRON benefits both the publisher and consumer.
The architecture of TRON consist of Three Layers
Storage Layer - This Layer Packed up with all storage protocols, which will be consist of wallet blocks, states storages and GRPC.
Core Layer - This layer consist of smart contacts, Account Management, Wallet API, SDK, and consensus. Programming languages used are : C++,Python, GO, Scala and Java for smart contracts
Application Layer: Dapps Developers can develop and deploy inside the TRON network and can customize it with the support of this application layer.
TRON uses a proof-of-stake (DPoS) system. So, Witnesses can be selected by TRON Power holders and then the witnesses can be rewarded for validating blocks.
For more information, visit: https://www.bitdeal.net/tron-dapp-development