IS TRON DEAD?Hi everyone!
I’m glad to see you on our tradingview blog. Today we are reviewing TRON currency.
Today’s review: TRON and its prospects.
What is TRON? And who created it?
First, let's start with what it is. This platform was developed for the creation of digital content. Each person has his or her own "intellectual property," be it music, a book or any other material. The platform itself is based on the Ethereum blockchain.
The TRON ecosystem was founded in September last year, by a Singapore non-profit organization Tron Foundation. The company is headed by Justin Sun. Before creating TRON (TRX), he created a social application ‘Peiwo’ which gathered more than one million users.
Before this, Justin Sun acted as an advisor and representative for Ripple in China from December 2013 until 2016. In 2015 and 2017 he was nominated in Forbes ‘30 most successful people under the age of 30’ list.
Key targets of the project
Everyone is interested in enjoying good quality content. The TRON project encourages individuals to create their own content with protected rights, a "Paradise to combat piracy," where there are no torrents.
Most of the Internet content passes through large sites such as Yahoo, Google, Yandex, etc. Due to this, they can dictate any prices in the market, more importantly, they can subject it to censorship and transmit data about each user to the Special Services.
How does this platform work?
TRON synchronizes the work of original information and entertainment portals in the public network. The uniqueness of the platform is that it can be used to remove the "mediator" between the creator of the content and its consumer using blocking and peer-to-peer networking (P2P) technology. Each user, regardless of whether the individual is a blogger or journalist, can post content in their network. The audience must approach the author for access to the content and pay him directly. For users, this is an excellent opportunity to receive unique content without advertising from the "intermediary."
TRON cryptocurrency
For the convenience of users, all services on the platform are paid exclusively with their cryptocurrency called Tronix . After successful ICO in August 2017, TRON was listed on many major exchanges such as Bitfinex, Bittrex, and Binance. TRON can be used and stored in MyEtherWallet purse.
The increased popularity of TRON was noticed, and Coinmarketcap.com rated it within the TOP-15. The price of TRX changed from $ 0.0015 to $ 0.30 at the peak in January 2018.
Further perspectives of the project
The developers stated in the Roadmap plan that TRON would be split into several stages, to help the project take the lead position in the world.
Exodus
A platform for peer-to-peer distribution and storage of content, through which it will be possible to free up data. The platform will be able to provide free publication and storage of user data. This stage does not provide for the use of a block but uses a network file protocol that supports a distributed file system.
Odyssey
According to the Roadmap, this stage is scheduled at January 2019. With the launch of Odyssey, the platform will increase content rights expansion, as well as complement new features, such as introduction of locking technology and monetary incentives to host content on the platform. The system will include bonuses for a user response to content, as demonstrated at such venues as Steemit, Golos, Medium. Sample content is free, to give you a taster, full access is granted only when you pay TRX for their services.
Great Voyage and Apollo
These two steps will allow users to create their brand and generate their tokens. This should increase the attractiveness of the project and improve its economy.
Star Trek(2023 ) and Eternity( 2025)
This phase will create online gaming platforms enabling users to maximize their game process, invest in new gaming projects and offer their ideas to their developers. For game developers themselves, this is an excellent opportunity to be one step closer to their community.
The developers themselves expect that the whole process will take no more than ten years to implement all the plans completely.
Criticism and disadvantages of the project
A significant disadvantage of TRON is that it does not conform to generally accepted copyright standards. For example, the person who first places the content on the TRON blockbuster will automatically become its author, although, in fact, it may not be it.
TRON generated some controversial media over accusations of plagiarism. Vitalik Buterin (Ethereum Founder) accused Justin Sun of plagiarism when drafting the project documentation. First, Sun on Twitter listed seven advantages of Tron before Ethereum, and then Buterin added the eighth paragraph, which said: "The art of writing documentation (Ctrl + C and Ctrl + V is much more effective than writing by yourself)."
Many users expressed their non-transparent work with the tokens themselves. The first transactions that took place when the project was launched t are not entirely clean for users, but only add distrust to the team. Several packages of tokens have been sold. 41% of the tokens of 100 billion, were withdrawn on October 1, 2017, and then distributed to other purses of the "B" series. Some of them may have fallen into the hands of the state or more, be used to inflate the price artificially.
Conclusion
Despite such harsh criticism from experts and the community, the project successfully took the TOP-15 on the Coinmarketcap. With such competitors as Ripple, Stellar or Cardano, TRON is unlikely to achieve its desired effect, but the project has followed its Roadmap, and for their investors, that is a good sign. Also, the fact that Justin Sun co-operates with Jack Ma and his project Alibaba has a positive influence on the token rate. Perhaps their close merger could lead to an even greater token growth.
This platform has a bright future because content (especially high quality content) is becoming more and more popular. What’s coming this month - rise or fall? Zorax predicted a 0.32 prediction, will it come true?
How does that work?
We use AI Zorax to analyze more than 200 factors basing on which we can predict the future of a coin.
Note: The AI algorithm does not give accurate forecasts and guarantees concerning the coin price changes and can make a mistake.
