What Is TRON ? And How To Build A DApp On TRON
TRON - The most searched term on Internet today, Everything about TRON is goes viral and only few people alone knows What Exactly TRON Is? How TRON Works. So we are gonna explore you the complete knowledge about TRON Today.
Before getting in to this article we just want to give an one line intro about TRON.
TRON is nothing but a blockchain like EOS, Ethereum, and Bitshares. Just like every other decentralized blockchain network, TRON is also having some specific protocols, own blockchain explorer, own cryptocurrency and have been introduced with a specific intention. TRON Dapp Development is the process of developing dapps by leveraging the TRON Blockchain Explorer.
So, Let’s look out what is TRON in Detail, why TRON has been created? What is the proprietary cryptocurrency for TRON Network, The current market growth of TRON, & How to build a Dapp On TRON Network.
WHAT IS TRON?
As said above TRON is a blockchain that is specially made to build decentralized p2p media network all around the world.
TRON was introduced on September 2017 by Justin Sun, the former chief representative of ripple in China. The team tron have come up with a promising road map, and have launched their ICO in 2017, Unexpectedly the ICO has raised a huge fund which nearly worth of US$70 Million. On December 2018 Justin sun, have announced the TRON Foundation have locked up a massive amount of TRX Tokens. (i.e) Around 34.2 Billion TRX Tokens will be on circulation by January 2020.
TROINIX (TRX) : THE OFFICIAL CRYPTOCURRENCY OF TRON NETWORK
TRX is the official cryptocurrency of the TRON Blockchain. Unlike other cryptocurrency TRX has the focus of becoming humans asset rather than benefiting cryptocurrency traders alone. TRX can’t be mined, but we can buy TRX on major cryptocurrency exchanges like binance. Check out the list of exchanges where we can buy TRX.
The tron.network states that TRX Transaction Process System (TPS) is higher than BTC and ethereum. The TPS is compared as below.
TRX Network can handle 2000 transactions per second, where as BTC and ETH have only 6 TPs, 25 TPS respectively.
**Tronix (TRX) Price : ** The current Value of of Tronix (TRX)/ unit Published by coinmarketcap is, $0.026722 (While writing the article) . And the market cap is $1,781,896,178 USD (i.e) 355,554 BTC. So far the peak price of TRX was $0.254791, which is happened on January 2018. The journey of TRX was started as an ERC - 20 Token in Ethereum mainnet. After the launch of TRX mainnet the entire ERC- 20 Tokens was migrated as Native TRX Coin. The Total supply of TRX is 99,000,000,000.
Around 58 Million Worth of TRX are traded on daily basis in major exchanges.
So far, we have discussed What is TRON, What is TRX, and the current market cap of TRX on Cryptocurrency market. Now Let’s discuss why TRON Has been introduced.
WHY TRON HAS BEEN INTRODUCED ?
TRON - To Create Decentralized Peer to Peer Digital Media ECO System.
**Blockchain For Media & Entertainment Now Becomes True With TRON’s Decentralized Network. **
We know blockchain gonna disrupt a set of various major industries, in which media & Entertainment was also queuued. But We don’t know how exactly blockchain will benefit the Music, Media, games & other entertainment niches. TRON has been Introduced to answer for all these question.
TRON Has been introduced with the intention of making a decentralized peer to peer media & entertainment eco-system. So with this blockchain protocol, publisher can directly deliver their digital content to all the nodes inside the P2P network.
In simple term, in future people can buy any music album directly from the composer or publisher. Likewise, games and other digital content can be shared via these network directly to the end user.
So the publishers don’t have to wait for a channel on youtube, itunes or any other centralized medium in order to distribute their media to audience.
Based on this we can make any kind of dapps on TRON which may be games, gambling, collectibles, exchanges and more.
Explore the below article to know more about How TRON blockchain works and how to build a DApp On TRON?
Originally Published On TRON Dapp Dvelopment