What is TRON – TRX – Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
CEO Justin Sun has a dedicated in-house development team that includes renowned technology stalwarts and are rumored to be in partnership with Alibaba and Jack Ma.
Eliminating the “Middleman”
Tron attempts to bridge the gap between content creators and content consumers by eliminating the middleman. This is achieved by creating a peer-2-peer network with blockchain technology. In this case, the peers are consumers and content creator who connect directly which results in better prices for the consumer and immediate payment for the content creator. A win for both parties.
The end result is an overall cost reduction for the consumer and improved collection through direct receipts for the content producer, which offers a win-win situation.
Tron replicates the traditional content distribution model on a public blockchain network and acts as a distributed, decentralized storage facility that makes it more efficient and cost-effective. Middlemen are eliminated by allowing anyone and everyone to host digital entertainment content on its blockchain-based network. A global audience can directly pay the content creators to access the content.
Decentralising the control away from powerful corporations and corporate giants, Tron addresses a major issue of making the internet a much more level playing field and accessible to everyone and anyone.
The Future of Tron
Tron is an ambitious initiative by a very ambitious team that has lined up a development plan with milestones for years to come.
Exodus is the free platform suitable for peer-to-peer distribution and storage of content. Exodus is not using blockchain technology at present but uses a special web-based file system protocol that supports a distributed file system. Exodus will continue until December 2017.
The next phase, called Odyssey, is scheduled to go-live in January 2019. Odyssey, which will utilise the power of blockchain, will involve monetary incentives to promote the creation and hosting of content on Tron.
The details of Odyssey are not finalised yet but the plans based on a tipping plan, almost like a street performer who receives something from the public if they like his performance.
.Imagine listening to a licensed guitar player who is performing on a street corner. You like the initial melody and move in closer to listen to the full performance. Once his act is finished, you tip the street performer based on how much you enjoyed his performance – or pay him more to continue hearing his next gig. Tron’s incentive scheme may be similar, where you get to access the initial smaller trailers for free or for a small fee, and then opt for the full paid versions if you liked the previews.
Great Voyage (mid-2020) and Apollo (mid-2021)
These phases are expected to enable content creators to build their own personal brands, and even raise capital with their own initial coin offerings (ICO) or even issue personal tokens.
These later stages of Tron will be akin to Ethereum-style blockchain-based application platforms.
Star Trek (mid-2023) and Eternity (late-2025)
With these plans, participants will be able to create their own decentralized gaming and predictive markets platforms, and will also be able to raise funds.
What Is Tronix (TRX)?
The Tron network uses its own cryptocurrency called Tronix (TRX) which can be used by content consumers to pay for the content they want to access.
Tron is an interesting and ambitious project and anyone interested can Read More Here.
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