Over the years, digital content, especially the content related to entertainment, has remained exclusive. A select few giants control and regulate the entire digital platform system for owning and distributing premium content. This limits the opportunities to the new content producers and incurs a significant charge to the users.
Hence, the entire process turns exclusive and available only to the select group, which reduces the profitability and also the reach of the content. For instance, the leading 5-6 platforms and their respective apps control the purchase, hosting, and distribution of viewership of 90% of the regular and premium content. These apps, much like the predators, take majority profit and give away the minimum to the producers. Moreover, the user also has to bear a significant expense to subscribe even to selective content.
However, with the introduction of a decentralized blockchain system that can host dApps, the solution is visible. The dApps are generated, developed, sustained, and distributed entirely on the blockchain. Through this principle, it becomes easier to allow infinite freedom to the content producer to host their creation. Moreover, this creation has further potential to reach every user directly without any potential barrier in between. What will result from this decentralized blockchain system for digital content or dApps is a level playfield. It would also rest more onus on the producer and consumer and eliminate anything other than their involvement and discretion.
The Idea behind the Origin of Tron (TRX)
The core principle of functioning behind TRON is similar to any digital content platform, minus the greedy intentions. TRON is a blockchain-oriented operating system that operates on the typical nature of a decentralized blockchain network. The network had the aim to provide the entertainment industry, especially the digital content section, with more opportunities. But TRON has moved to the further segments of dApps and other decentralized functioning and content hosting.
TRON’s main idea is to make sure that a content producer can directly host and sell their content to the user. The user also pays back to the content owner directly. To make this happen, the TRON makers have mainly utilized the P2P (peer-to-peer) feature of the blockchain network-based operating system.
Evolution of TRON
Since 2017, the founders have dedicated an elaborate team of experts at the helm of the research protocol. What was initially based on the ERC-20 protocol has later made a shift to the peer-to-peer protocol for a decentralized network. In 2018, TRON benefitted from the capitalization upsurge and made it into the top-10 cryptocurrency list. A little later, their first major acquisition in the form of BitTorrent was a mark of great things that await. In regards to the original context, the platform of BitTorrent was also the most significant existing platform with a peer-to-peer network based sharing function.
Through the entirety of its existence, TRON has highlighted its core decentralized functioning. The aim is to utilize the distributed storage system and advanced system resources of the nodes to store and host the chain. Hence, every digital content shall remain as a digital imprint permanently with the primary authority to the host.
The Foundation
At the backdrop of the entire establishment and rise of TRON (TRX) is the brain involvement of Justin Sun. During his earlier days, Justin Sun stood as the chosen one under the visionary Jack Ma to study at the Hupan University. He is the primary source of origin of ideas behind the TRX cryptocurrency. Justin is also the CEO of the most massive peer-to-peer sharing platform, BitTorrent.
Sun’s main idea has been to create a cryptocurrency driven ecosystem where content can be hosted and used. The same has to revolve on a decentralized basis on a callable network to eliminate speed and service sustainability issues. The vision and execution of the first of its kind idea for the entertainment sector and more saw Justin reaching the “influential 30” list of China by Forbes. Justin also has the distinction of being the founder of the Peiwo app. The app is a path breaker and a leading contributor to the online community of audio content.
The Main Aims
Through its selectively unique approach, TRON serves the major idea of middleman elimination. Hence, whatever content finds its way onto the network would be only from the producer to the user. The working principle will benefit the entire digital content, decentralized apps, and broadcasting section in potential ways of:
- More profit for the producer or the host of the content
- The lesser expense for the person who is the user of the content
- Distribution of cost based on content rather than an expensive compulsory service
The Progress Plan
To further enhance itself and establish as the leading block in the world of crypto and dApps functioning, TRON has taken the path of 6 stages:
- Exodus stage would offer the necessary assistance of sharing the entertainment content without much of the blockchain technology involvement
- The Odyssey stage has the aim to replace the number of views with direct tips. The act reaps immediate rewards for the makers and hosts.
- Great Voyage aims to enable every significant role-player to introduce its decentralized token. The token can support both internal financial chain and external tasks of exchange too.
- Apollo is the stage where TRON comes up with the discrete decentralized token to support the fool proofing and security of the network from DDOS attacks.
- The Star Trek phase would introduce the network to the decentralized gaming principle and system. This would include the feature of predictions and also the autonomous involvement in gaming functions.
- Eternity is the fundraising prospect for the gaming section and the interested investor’s involvement directly.
The TRX Token
The TRX token or what is known as the TRON coin is the support that is essential to sustain the TRON ecosystem for decentralized content hosting. The standard cryptocurrency is the token that a potential content user would use to reward the host for the use of the premium content. This token works based on the direct rewarding system and has sustained significant growth through trade escalations.
To purchase the TRX token, the user has to access any of the leading digital wallets. However, 90% of the TRON coin exchanges go to the Binance exchange, which serves as the leading exchange medium for the token. For the usage of the TRX coin, the other leading cryptocurrencies are possible to exchange through the digital wallets or platform for a specific purpose. However, for users looking to exchange the fiat currencies through a direct transaction, the scope is not available. It would first involve the purchase of the exchange cryptocurrency and then exchange it simultaneously.
The TRONIX is the digital ledger that has the record for all the transactions that are carried out for content purchases on the P2P level on the blockchain. Hence, every transaction can be very well traced to its root source and the very point of start or origin as well. The traceability provides the operating system with an added security sense, which the company boasts through the introduction of the TRX coin. It is said to be an added leverage over the more standardized operating crypto tokens in the market.
The Controversies
Right from the origin’s time, the TRON (TRX) has been a center of controversies and allegations. Some of the severe ones that were levied against the group and then further denied were:
- The whitepaper for the release of the TRON was itself alleged for plagiarism. The said charges were for the plagiarism to prepare the TRON codes.
- The derivation of Java-TRON was alleged to be a violation of the LGPL, as no mention of it would be a derivation from the Ethereum libraries.
- The Hacker One claimed that even a single system was enough to render the services of the TRON blockchain ineffective. It stood as a claim that an only attempt of DDoS attack would squeeze the system through
Future Potential
Despite the hiccups and the allegations, TRON (TRX) progress chart has been exceptional. The direct involvement of content for broadcast and end-user availability is a major milestone achieved. In the long term, the entertainment sector has a potential worth trillions to fathom.
Moreover, the diversification and growth of the system into more dApps have been revolutionary too. For instance, the largest South-Asian bike-sharing company oBike has an individual crypto token hosted under the TRON network. The token enables its user to access the bikes for riding them exclusively. Another leading partner in the name of Zag- S&W has contributed to diversifying them in commercial and corporate law.
The involvement of Jack Ma, and a simultaneous prospect of pairing up with Justin Sun, is never out of the list of the possible results. The whole thing can send the entire digital content creation and host prospect into a frenzy by a single tap into the infinite potential.
