Crypto currency Tron: Scandalous token with active growth rate.

in #cryptocurrency6 years ago

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The crypto industry is very dynamic and its face is changing every day beyond recognition. Every day the market is filled with new block-products, and therefore investors who prefer digital assets have ample opportunities to choose tools. Recently, many people have been paying attention to a coin called Tron, which was recently unknown to anyone. What kind of crypto currency is that, which can go up hundreds of per cent a day and is it worth adding to your portfolio? We will answer these questions further in the article.

Tron (TRX) - decentralized entertainment platform

Different content, be it video, games or music, is an integral part of the Internet, because it is in the global network that we meet various information needs. But all this can not exist simply chaotically in the World Wide Web, and therefore is localized on specific sites, which today have become real giants. Is it possible to imagine a video without YouTube or the application market without the App Store? Thanks to their users, these and other projects earn billions of dollars annually. And, it would seem, is it possible for someone new to penetrate this violent niche of content, what can there be new competitors here. It turns out that they can after all, because neither the Apple, neither YouTube with Google has a blockade and any decentralized project can challenge these sites of the past. It is precisely this project that is the Throne, which offers a real anarchy for producers and users of content. Casinos, novelties of the film industry and licensed applications for scanty amounts - the platform will provide the authors of the content and its customers with a revolutionary new model of cooperation, which many have already evaluated. What is not an innovative replacement for torrents? The developers themselves position Tron as a "crypto currency for entertainment" and one can not but agree with them.

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But most importantly, what made the world know about the Throne is not his direct purpose at all, but a mad growth of the course, which can not go unnoticed. About why the token is actively growing in its price, we will talk in more detail below in the article, but we can not deny the fact that its developers played a big role in the fate of the project. It is known that it was developing Tron Chinese team led by a certain Justin San. By the way, this person in the Middle Kingdom is considered a very rich and successful businessman and heads some prestigious ratings there. It is rumored that the head of a large and well-known company Alibaba also has to do with the ambitious Throne project, but how things are in fact is a big mystery. But back to Justin San. A lot is known about the developer, but, like the crypto currency itself, San grew rumors and myths. From reliable sources it is known that he is the head of the popular in China company Peiwo, the number of clients reaches 10 million, and before the development of his own crypto currency, Justin was one of the members of the Ripple team.
  • Is the trunk a crypto currency or a token?

If you really go into the specifics of what a Tron (TRX) is, it's still a token, not a crypto currency. As expected, the project does not have its own blockade, but uses the database of the Etherium, which is very suitable for this kind of projects (in fact, Vitalik Buterin developed their platform for them). At the same time, TRX is not directly a global means of payment, which in fact should be a crypto currency - it is just an internal means of mutual settlements for the participants of the platform.

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Why is it that the Throne is often called crypto currency, and not a token? Yes, for the simple reason that in the world of blocking technologies everything is very blurry and has no specific status, and the concept of "crypto-currency" is often used with different shades of meanings, like the term "token". In a word, there is no critical error in such a substitution of concepts, but we should make a note about the fact that we have a case with a token.

Since Throne uses Ethereum's block system and is nothing other than a token according to the ERC20 standard, it can be stored in any purse that supports this type of etherium tokens:

  • MyEtherWallet: A popular ethereum-purse, which has long established itself with a positive side. It is a hybrid client that stores keys on the client side - this will keep the tokens safe.

  • MetaMask: Online option. It is installed as a browser add-on and allows you to quickly and without difficulty operate on your available tokens or ether.

  • Mist: A thick wallet from developers, but at the same time a safe option in which all the updates invented by Buterin appear first.

  • Parity: And in this client neither coins, nor tokens it is better not to store. Although it supports the standard ERC20, but the wallet itself has been hopelessly compromised and risking money is not worth it.

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