Dash was recently pushed off the top of CoinMarketCap by a Chinese blockchain project called TRON. So what did people find in this TRON that they decided to give it preference?
At the heart of this currency is the goal of creating a global, free and most importantly, decentralized content network. The thought is that, through TRON, content makers will be able to store and publish their material while maintaining a high level of control over the use of their content.
And, of course, convenient monetization due to the transparency offered by the blockchain. The benefits of this approach are enormous. Let's say you take a picture and share it on Facebook. Once a photo is on the Web, you no longer have much control over who can download or repost it. There is a possibility that someone could use your photos to make money from advertising without you even knowing it. However, if you upload the exact same photo to TRON, then you have complete control thanks to the blockchain.
What TRON will give content creators
This network will also allow content creators to raise money for ICOs. For example, a game developer will be able to fund the development of a promising game with the help of fans instead of relying on publishers or third-party fundraising platforms. TRON also offers its benefits to content consumers. Nowadays there is always a risk that some company that owns a lot of content can always grab it for itself, inflating the prices for its services.
However, since TRON is a decentralized network, consumers do not need to worry about monopoly. This is a completely new look at the Internet, built on the principles of decentralization, freedom of information and fair ownership of content.
How TRON Works
Tron's blockchain works on the basis of an algorithm called proof of repetition. This algorithm is very similar to another algorithm - proof of work. But the difference is that there is no need to mine currency by creating blocks. Instead, the blockchain determines how much storage you use for the benefit of the decentralized web.
In terms of energy, this is a much more efficient approach, and the results are very similar: accounts are proportionally rewarded for the storage they share with TRON digital currency. This currency can also be used to pay for entertainment on the TRON network. This, perhaps, is the basis of the economy of this system: you share hard disk space and get the corresponding currency for this, which can be immediately spent on content consumption (for example, watching a video).
You can also freeze your "thrones". The longer they are in the frozen state, the more the user's voice power will be. What is the main disadvantage of TRON? The point is that it’s just an idea so far. At the moment, the company is only engaged in the development of data storage technology.
The very same roadmap they have stretched until 2027 in order to implement all the original ideas. Even things as simple as content ownership and monetization are unlikely to appear before the 2020s. In other words, TRON has some amazing ideas, but for now it's all on paper.
So, in general terms, what is TRON
The Topic of Article: TRON Review: A New Look at the Future of Web Content.