Homework Task 6 : How To Invest in Cryptocurrencies - A beginners Guide | Steemit Crypto Academy | Lesson 6 Given by @besticofinder

in SteemitCryptoAcademy3 years ago (edited)

INTRODUCTION

Hello Friends,
I'm so grateful to be a partaker of steemitcryptoacademy. Today I'm here to present my Homework Task 6 on the topic : How To Invest in Cryptocurrencies - A beginners Guide that was given by professor @besticofinder . In this post, I will discuss about the following given homework topics below:

Read the project whitepaper and explain the project concept
Discuss the social reach , project purpose , team , response from the market for the particular project.

tron-whitepaper-750x422.jpg
Source

Tron Project Whitepaper

To understand Tron fully, we need to understand the Tron Project whitepaper concept starting from the vision down to resources.
Tron whitepaper is a statement that shows all the information and highlight and the features of Tron project. The Tron whitepaper is also used as a method of Presenting Tron policies and legislation guiding Tron and gauging public reaction.

If you have read through the Tron whitepaper project you will see where Tron stated it visions, mission, architecture design, smart contract, governance DApps development and many more projects that is stated in the whitepaper. Looking at the content in the whitepaper project concept of Tron let me us explain some of it concepts briefly.

Tron Vision
The vision of Tron is to deliver an ambitious project that is dedicated to the establishment of a truly decentralized internet and also infrastructure. The Tron protocol is a very largest blockchain based operating systems that is in the world that support other blockchain network with high Scalability, and high availability for all Decentralized Applications (DApps) in the Tron ecosystem.
Also in the whitepaper you will find out the history of Tron as it's being updated yearly. The below screenshot is the history of the Tron that is shown in the whitepaper.

Screenshot_2021-03-18-10-33-45-15.jpg

The history is updated based on the achievement the Tron network.

Also in the whitepaper the architecture design of the Tron Network is stated.

Tron Architecture
TRON adopts a 3-layer architecture that is divided into Storage Layer, Core Layer, and Application Layer.
The TRON protocol adheres to Google Protobuf, which intrinsically supports multi-language extension.
Here is a screenshot below showing the architecture design of the Tron Network on it whitepaper.

Screenshot_2021-03-18-10-41-31-74.jpg

Reading through the Tron whitepaper you will find a lot of useful information about Tron.

Discuss the social reach , project purpose , team , response from the market for the particular project.

Social Reach.
Tron has an established mechanism to ensure the reasonable use of funds and resources of the foundation on the premise of openness, justice and transparency,to constantly advance the rapid growth of Tron protocol, to extend the application of Tron protocol and attracts more institutions, companies and organizations to enter open-source Tron ecosystem.
Tron has a three tier organizational structure, and below is the screenshot of the structure tha is shown below;

Screenshot_2021-03-18-15-33-23-10.jpg

Project Purpose
The purpose of Tron project is to help reward content creators more for their efforts. And also is to solve scalability challenges.

Team
The team of Tron are consists of 27SRs in the present stage. Each SR has it own right to propose and vote on proposals. Whenever a proposal is receives 19 votes or more than will approved and the new network parameters will be available to in the next maintenance period of 3days.

Market response concerning the Tron Project
Investors, traders and other people are keying into the Tron project. The project has brought many DApps such as JustSwap, Litebringer, TronAdz and a lot of other Dapps. The market response is good because the Tron project is also good.


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Hello @josepha ,
Thank you for submitting homework task 6 ! I think you have missed the homework task instructions. You have discussed about Tron Project which is not ranked between 100 - 400 range.

You need to do your own fundamental analysis and select the a crypto currency to invest in 2021. ( coinmarketcap.com : Token Rank Should be between 100 - 400 range | ( Excluding Steemit) )
Prepare a article explaining the factors you considered for your selection considering followings

Anyway you have done a informative analysis on TRX. nice work [3]

Thank you

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