For investors, cryptocurrency has provided a wide range of alternatives. There are numerous crypto coins to select from, ranging from Bitcoin to Ethereum, each with its own set of advantages and disadvantages. In the crypto sector, improvement is the new watchword, and many new platforms are being established or adjusted to increase the appeal of these virtual money.
Tron is one of the newest coins on the market that promises to reduce the cost of entry for investors. Tron is a blockchain-based decentralised digital platform founded in 2017 by internet entrepreneur Justin Sun, and its native token is Tronix (TRX). Tron’s goal is to use permissionless technologies to democratise the content distribution sector.
TRON’s narrative begins in the early months of 2017. Justin Sun, the company’s CEO at the time, officially created the TRON Foundation, a Singapore-based non-profit organisation that still exists today. This organization’s objective was to create the infrastructure for a decentralised internet as well as a democratic mechanism to manage it.
Sun, for example, is no stranger to the FinTech industry. For starters, he is Alibaba founder Jack Ma’s protégé. He graduated from Ma’s Hupan University and was named to Forbes’ “China 30 under 30” and “Asia 30 under 30” lists within months. Sun had already built a name for himself in the blockchain area previous to the launch of TRON. Sun, for example, was Ripple’s regional representative in Greater China. This job placed him in touch with the network of people he’d need to bring the TRON concept to life.
For investors, cryptocurrency has provided a wide range of alternatives. There are numerous crypto coins to select from, ranging from Bitcoin to Ethereum, each with its own set of advantages and disadvantages. In the crypto sector, improvement is the new watchword, and many new platforms are being established or adjusted to increase the appeal of these virtual money.
Tron is one of the newest coins on the market that promises to reduce the cost of entry for investors. Tron is a blockchain-based decentralised digital platform founded in 2017 by internet entrepreneur Justin Sun, and its native token is Tronix (TRX). Tron’s goal is to use permissionless technologies to democratise the content distribution sector. To safeguard the blockchain, the TRON network uses a Delegated-Proof-of-Stake (DPoS) consensus process. In the same way that a proof-of-stake consensus mechanism allows users to earn passive revenue by staking their holdings in a network wallet, a DPoS allows users to earn passive income by staking their holdings in a network wallet.
