What is Tron?
TRON is a decentralized network that makes possible the development of decentralized projects such as games, universes, or even protocols using Blockchain technology. This is due to the ability to store smart contracts and support large volumes of transactions taking place on the network. In addition to the development of decentralized projects within this network, it is important to emphasize that one of the main goals of TRON is to work with the content market. TRON is on the market as a direct competitor to Ethereum, being recognized as one of the main alternatives for creating DApps on the blockchain and an important element for the media and content market.
Who is Justin Sun?
Justin Sun is a well-known Chinese man in the Internet world. Justin, 29, is one of the country's biggest entrepreneurs, responsible for creating the Peiwo app, which is similar to Snapchat and widely used in China with more than 50 million users. In addition, Sun has also worked at Ripple, as the chief representative of the platform in China. In 2017, he was listed by Forbes magazine as one of the people with over $30 billion in wealth and younger than 30 years old. Also in 2017, Justin launched his Tron project. The ICO of the coin was successful, and in just a few days managed to raise about 70 million dollars.
Fund of $1.1 billion as a catalyst for growth
On October 26, Justin Sun tweeted about the TRON fund tips and announced a 1.1$ billion fund. This fund will be used to provide developers with more efficient and affordable development tools and may even allow protocols to provide better performance. As a result, it gives users access to transactions at the lowest possible cost. TRON has expanded into many areas, including TRON wallet TRX ecosystem, credits, stablecoins, storage, interconnect assets, liquidity mining, oracles, and even games. The most notable of these are JustLend and JustSwap, both of which have reached high levels of popularity. In addition to the release of TRC-721 in March, TRON has also improved the storage system known as BTFS and provided an efficient infrastructure for converting networks to NFT on the blockchain.
TRON has become one of the leading platforms for DApps, a trend that looks set to continue for years to come. DApps represent the "decentralized future" and could revolutionize technology as we know it. TRON also has the advantage of having niche functionality as it focuses on decentralized user-generated content. As this area will grow in the coming years, TRON has a bright future.
TRON was first launched in July 2018, by the charismatic and oppositional Justin Sun, who stood out in the market for his inflammatory statements. The blockchain vision, first conceived in 2017, has been described as "decentralizing the network." It started on the Ethereum blockchain and then moved to its core. At the same time, the company acquired BitTorrent, a file-sharing service, and moved it into the TRON ecosystem. Since then, TRON has focused on improving the network for its primary use case: supporting content creators.