Brief history of TRON
Assalamu Alaikum
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TRON is a blockchain-based decentralized protocol that aims to create a global free content entertainment system with blockchain and distributed storage technology that aspires to establish a decentralized content entertainment ecosystem that enables users to independently publish, store and publish their own data. by doing TRX coin is a cryptocurrency that powers the TRON system.
Brief history of TRON
TRON is a decentralized entertainment-focused blockchain and content sharing network. Justin Sun, who previously served as a Chief Representative for Ripple, founded the TRON Blockchain Network in September 2017. The TRON Foundation raised US$70 million in 2017 through its ICO.
The project's testnet, blockchain explorer, and web wallet launched in March 2018, while its mainnet launched in May 2018. Soon after its launch, TRON ranked among the top 10 cryptocurrencies for much of 2018.
TRON has since acquired three companies: file-sharing provider BitTorrent in June 2018, blockchain app store CoinPlay in March 2019, and blockchain-based social network Steemit in February 2020.
In June 2018, TRON switched its protocol from ERC20 to an independent peer-to-peer network, with TRON DAO slowly burning ERC20-based TRX tokens in the process. According to the latest update, the total number of ERC20 TRX burned is 99,188,397,993.45, which is 99.19% of the total supply.
TRON provides a decentralized virtual machine that can run a program using an international network of public nodes. The network has no transaction fees and can handle up to 2,000 transactions per second. TRON's core technology will be built on adapting IPFS and Ethereum's platform.
TRON was recently attacked for plagiarism regarding its white paper. In response to the allegations, Justin Sun claimed that the translation of TRON's white paper was done by volunteers and their carelessness caused problems with the project's paper.
Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all.
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