Tron is a decentralized entertainment-focused blockchain and content-sharing platform. In 2018, the project purchased file sharing service BitTorrent in order to expand its product. Tron is a long-term project with a set of 6 phases.
Exodus: building the free platform for peer to peer distribution, storage, and content. Exodus’ goal is to provide a simple distributed file sharing built on something similar to IPFS.
Odyssey: introducing financial incentives to encourage content creation. Odyssey is supposed to incentivize early adopters and foster the growth of a community consisting of content creators and consumers. Reimbursement for creation will be through a tipping scheme, instead of views and clicks – as those methods can be easily exploited through bots.
Great Voyage: launching TRON-native ICO capability. Tron looks to allow content creators to offer a stake in a potential personal brand through individual ICOs or branded tokens.
Apollo: enable content producers to issue personal tokens
Star Trek: brings a decentralized gaming and forecasting platform.
Eternity: aim for further decentralization of the gaming industry. This phase aims to bring the ability to fund-raise and monetize based on community growth.
Eventually, Tron’s core technology will be based on the adaptation of IPFS and Ethereum’s platform. In short, what Tron is trying to create is a huge mixture of what is already being done by other projects. Relatedly, Tron is criticized for plagiarism regarding its white paper. Founder Justin Sun tweeted that the translation was done by volunteers and excused it as carelessness on the part of translators.
Tron relies on consensus through a delegated proof-of-stake (PoS) protocol allows approximately 1000 transactions per second and supports smart contracts written in Java, Python, and other common programming languages. A total of 27 “super representatives” are responsible for validating blocks on the network. Super representatives are chosen through a voting system that allows users to vote based on the tokens that they hold.
Tron’s chain has a 3-tiered architecture: the storage layer, core layer, and application layer. The storage layer adopts a distributed protocol branched into block storage and state storage. Its underlying storage layer uses the graph database to manage data storage, which aims to manage data storage as Tron not only stores the node data but also inter-node connections. Its middle layer is composed of modules of smart contracts, account management, consensus and more.
Tronix (TRX) is the official name for the native Tron token. Miners earn TRX by providing data storage space to network users. Tron intends to be used as market model rather than a cloud model. Tron expects TRX tokens to act as a mediator between consumers and content creators without the need for token exchanges. It was initially an ERC20 token. On June 24th, 2018, Tron migrated from Ethereum protocol to TRON MainNet in a one-to-one swap.