Member-only story
Deep dive: Understanding Tron
Borrowing a page from P2P networks, Tron offers Web3 developers a platform alternative to Ethereum.
Tron (TRX) is a Web3 protocol that aims to change the way digital content is consumed and distributed. Created by crypto entrepreneur Justin Sun in 2017, Tron challenges traditional models by offering creators and developers a decentralized platform for monetizing their works.
Tron combines blockchain technology, focusing on entertainment, content creation, and various other sectors. It operates as a distributed ledger, recording transactions and activities in a secure and tamper-resistant manner. The ultimate goal of this platform is to create a more open, transparent, accessible, and decentralized internet where creators and consumers can engage directly without the constraints of intermediaries.
The History of Tron (TRX)
Tron was founded in March 2017 by block chain entrepreneur Justin Sun. It began as an open-source protocol, making its underlying technology accessible to developers and enthusiasts. Within a year they had launched the protocol’s Testnet, Blockchain Explorer, and Web Wallet, providing users and developers with more ways to interact with the Tron ecosystem.
In May 2018, Tron’s Odyssey 2.0 Mainnet was released. This marked its shift from a dev project to a fully operational blockchain platform.
In June 2018, Tron declared its independence by creating the Genesis block, signifying the establishment of its own blockchain separate from its initial Ethereum-based token.
In July 2018, Tron made headlines by acquiring BitTorrent, a leading peer-to-peer file-sharing protocol, which was seen as a strategic move to integrate a massive user base into the Tron ecosystem.
October 2018 saw the launch of the TRON Virtual Machine (TVM), an essential toolset for developers to build and deploy decentralized applications (DApps) on the Tron network.
Tron’s roadmap then expanded to include Project Atlas, an initiative aimed at integrating BitTorrent’s users and technology into the Tron ecosystem, further strengthening its decentralized content distribution model.
