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What is Tron?

  • June 22, 2020

Any coin that grows by more than 2000% in just a few weeks will naturally raise eyebrows and a whole bunch of questions. Yet that’s just what happened with Tron. 

What is Tron? Essentially, it’s a platform that allows content creators to share their work using blockchain and p2p technology. You create the content, and then you’re paid for viewers. In this sense, Tron represents the next generation of social media platforms. Whereas sites like Facebook and Instagram make money from your data and content, with Tron, you’re the one that’s paid.

Founded in 2017 in Singapore, the blockchain has been credited as impressive and ambitious, but there are still some flaws. Fortunately, there are reasons to be optimistic about the future because there’s so much potential. Whereas some cryptocurrencies have a goal of achieving privacy or moving money around quickly, Tron’s mission is more about moving the internet back to what it used to be, decentralized. Whereas just a handful of companies currently sweep up all the money created by users, Tron aim’s to distribute the money more fairly.

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The future of the coin will depend on whether the coin can recover some of the reputations that have been lost. Justin Sun, the entrepreneur that developed Tron, has angered supporters and investors by failing to give updates, and there have also been allegations of copycat tactics. Still, Sun is clearly going places, so it’s reasonable that the coin he supports will help him grow as well. 

Want to know more about Tron? Open up an online bank account, deposit your crypto, and start using your BlockCard as soon as your application is complete.