Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).
The Future Potential of Tron
Tron is an ambitious initiative that has lined up lots of potential milestones in the years to come.
Its current offering is called Exodus, the free platform suitable for peer-to-peer distribution and storage of content. Exodus is not using blockchain technology at present but uses a special web-based file system protocol that supports a distributed file system. This phase is expected to stay through December 2018.
The next phase, called Odyssey, is scheduled to go-live around January 2019. Odyssey, which will leverage the power of blockchain, will involve monetary incentives to promote the creation and hosting of content on Tron.
Instead of following the traditional ways of tracking clicks and views of the content being accessed, Odyssey plans to base the incentives producers on a method that will depend on user interaction and engagement with the content. It may be linked to a “tipping” plan – something like a reward based on how good the user perceived the content.
Imagine listening to a licensed guitar player who is performing on a street corner. You like the initial melody and move in closer to listen to the full performance. Once his act is finished, you tip the street performer based on how much you enjoyed his performance – or pay him more to continue hearing his next gig. Tron's incentive scheme may be similar, where you get to access the initial smaller trailers for free or for a small fee, and then opt for the full paid versions if you liked the previews.
The next two phases, called Great Voyage (mid-2020) and Apollo (mid-2021), are expected to enable content creators to build their brands, get the ability to issue individual initial coin offerings (ICO), and even issue personal tokens. These later stages of Tron will be akin to Ethereum-style blockchain-based application platforms.
Tron also expects two more stages further down the line, called Star Trek (mid-2023) and Eternity (late-2025), where participants will be able to create their decentralized gaming and predictive markets platforms, and will also be able to raise funds.
TRX application scenarios
- Credit card payment
Credit card Spend supports TRX payment
- TRON ATM machine
TRON ATM machine supports TRX online transfer
- Purchase TRON merchandise
Use TRX to purchase merchandise in WeChat stores
- Participate in token issuance on TRON
TRX can be used to purchase tokens to be issued on TRON
- Obtain energy and bandwidth
Obtain corresponding amount of energy and bandwidth by freezing TRX
- Obtain voting rights
Obtain TRON Power, voting rights for super representatives by freezing TRX
- Receive BTT airdrop
Addresses holding TRX will automatically receive BTT airdrop reward
- Participate in the Tronics Support Plan
Participate in the Tronics Support Plan and receive TRX rewards
- Pornhub supports TRX payment
The world's largest adult website pornhub.com supports TRX payments
- Buy virtual gifts
On CallMe, the live broadcasting platform, use TRX to buy virtual gifts.