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What Is TRON?
TRON is a blockchain-based operating system and decentralized application (dapp) platform. Founded by a non-profit Singapore-based foundation, the Tron Foundation, the project team initially sought to tackle the global entertainment industry – currently valued at $1 trillion. However, they’ve expanded their vision greatly, tackling the entire dapps market.
According to its initial whitepaper, “TRON’s team members are followers of Sir Tim Berners-Lee, who are convinced that protocol, from the moment of its invention, is an asset for human beings, rather than a profit-making tool for small groups.” Tim Berners-Lee is the founder of the World Wide Web.
TRON’s open, decentralized platform and distributed storage technology allows creators of digital content to cut out middlemen such as the Apple Store and Google Play Store. Content producers are thus able to obtain funds directly from consumers.
Currently, a lot of user data and traffic is controlled by a few corporations like Google, Facebook, and Amazon. TRON attempts to mitigate this control by placing ownership of the data back into the creator’s hands.
Key features of TRON
TRON wants to “Heal the Internet” through the following features:
Data liberation: free and uncontrolled data
Enabling content ecosystem where users can obtain digital assets from content spreading
Personal ICO with the ability to distribute digital assets
Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.
This is a long-term project with a set of phases that began with Exodus in 2017 and will ultimately lead to Eternity in 2023. Below are the key features of each stage.
Exodus: The free platform for peer to peer distribution, storage, and content.
Odyssey: Economic incentives put in place to encourage content creation and empowerment
Great Voyage: Individual ICO capabilities
Apollo: Ability for content producers to issue personal tokens (TRON 20 Token)
Steps 5 and 6 both look to further the ability to decentralize the gaming industry. They allow developers to build gaming platforms freely and then achieve monetary incentives upon establishment of said games.
Tron has not been without its drama (in fact, some would say the company thrives on it). Still, it built a content distribution platform that promises to remove the middlemen and connect content creators directly with consumers. Its ability to withstand the onslaught of pushback from Hollywood, the RIAA, and other middlemen with vested interests will depend on these key factors:
TRX isn’t mined – instead it’s earned by creating and promoting stellar content. Tron partnered with BitTorrent to further solidify its P2P content distribution model.
Tron’s code and whitepaper are said to have been piecemealed together. Great artists steal, and this appears to be infused in the culture of the Tron Foundation.
The Tron Foundation isn’t alone, and several key partnerships from investors to developers joined hands with Tron in its creation of a new media landscape for the future.
Distributing created content and tracking usage of it is a major pain point in the creative industry. Photos, videos, words, and music are constantly stolen and reappropriated. The music industry is known to be more cutthroat than the illegal drug industry, and people are willing to kill and die for a taste of fame and fortune.
Whether Tron kills or is killed remains to be seen, but it’s a cryptocurrency to watch moving forward, as it looks to disrupt the current content ecosystem.