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22 Oct 2021

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What is Tron? – Definition, Invented, Work, and More
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What is Tron? – Definition, Invented, Work, and More

Definition of Tron

Tron is the blockchain-based operating system on which one can create decentralized applications and share media content.

And the TRX token itself uses to gain access to certain features of the operating software.

Therefore the token’s primary purpose for use on the Tron network. However, it is still a store of value and can trade on exchanges. Consequently, it can also describe as a virtual currency.

Also Read: What is Energy Web Token? (EWT) – fixes, and More

Why Was Tron Invented?

Tron creates with a clear purpose: it helps to reward content creators more for their efforts.

And the media industry structure is that a few big companies such as YouTube, Facebook, and Apple take the massive degree over what media is viewed and put out on their sites.

And not only do they control what they can see, but they also receive the vast majority of the money generated by the media.

Also, the creators however only receive a small cut of the income—the platform and setup to correct this.

And by cutting out the middle-media-man, as it were, it can let viewers directly reward content creators via the Tron network and using the TRX tokens.

Thus the media own wholly by the creator rather than in part by a large company.

How Does Tron Work and What does Technology is Behind It?

The network works on few principles. The first existence that all data on the web is free and not controlled by a central authority.

And content creators can gain digital assets, in this case, the TRX token or other tokens underpinned by TRX, as a reward for their content.

As mentioned, creators can create their coins or tokens within their Dapps on the network. The primary Tron token underpins these created tokens.

And the final stages of the network development plan include the support of games on the network.

These can decentralize, and users can reward the creators directly if they enjoyed the game with their digital assets.

Also Read: What is Storj? – Storj Network, and More

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