What Is TRON and How Does It Work?

2019-02-11 10:22:33 · 1821 views · 2 min read

What Is TRON?

TRON is a blockchain-based platform that aims to build a decentralized entertainment ecosystem with distributed storage technology. TRON allows digital content creators to cut out middlemen like the App Store, Google Play or Netflix, so the global audience can directly pay the content creators to access the content.

 

How Does TRON Work?

TRON wants to “Heal the Internet” with its entertainment features: Give users control their own data, facilitate content ecosystem so users will be able to access the content, allow distributed digital assets exchange like games and market forecasting.

 

TRON launched TRON Virtual Machine (TVM) last year and it is a lightweight, Turing complete virtual machine developed for the TRON's ecosystem. It provides millions of global developers with a custom-built blockchain system that is efficient, convenient, stable, secure and scalable. Based on that, TVM additionally supports DPoS consensus. TVM is compatible with Ethereum Virtual Machine, allowing programmers to utilize Solidity to continue coding on TVM without having to learn a new programming language.

 

To keep the TRON network operating smoothly, Bandwidth Points (BP) are used for transactions as fuel. The network grants every account a free pool of Bandwidth Points for free transactions every 24 hours to prevent overloading the network. To engage in transactions more frequently requires freezing TRX for additional bandwidth points, or paying the fee in TRX.

 

TRON network generally does not charge fees for most transactions, however, due to system restrictions and fairness, bandwidth usage and transactions do take in certain fees. TRON uses TaPoS to ensure the transactions all confirm the main blockchain while making it difficult to forge counterfeit chains.

 

TRON has reached over 2M transactions per day, with over 700K TRX accounts, and surpassing 2,000 TPS.

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