Out of all the altcoins that made headlines, one can not have come into the crypto space but at least heard about a certain cryptocurrency that goes by Tron(TRX). The purpose of this article is to give the reader a basic overview of Tron and to help determine if this coin is worth the investment. So, what is Tron and what is its purpose?
Tron is a blockchain based cryptocurrency, whose purpose is to create a decentralized entertainment system. Have you ever wondered how influential big corporations that run entertainment services have on the internet? This question became even more relevant and concerning when the threat of repealing Net Neutrality appeared in Congress. Tron and its aim to be a decentralized entertainment system seems to be a plausible solution if the day of reckoning comes to the internet and laws allow big companies to expand their policies fair or not on the internet to be followed by everyone who accesses it.
Why should content creators like youtubers, streamers, or upcoming rappers use the Tron platform? For one, it’s decentralized so no company can tell you whats ad friendly or not(no shade at Youtube) and it’s only up to you to decide on what you will or will not upload with no third party intervention or influence. How much you make on your content is what your actual income will be as no company, third party network, or service will take cuts out of your revenue. In short it cuts out the middleman in content creation, just like how Bitcoin cuts out the middleman when it comes to companies such as Western Union who charges you high fees for sending money overseas.
If that isn’t enough the developers behind Tron have created and launched their TVM(Tron Virtual Machine) upgrade as of July 30th 2018. If you don’t know what a virtual machine is, to keep things simple it is an emulated OS(examples of OS include Windows, Linux, and Mac OS). Block chains need virtual machines in order to execute DApps(decentralized applications) and smart contracts. Cryptos like Ethereum already have this feature, so what is so special if Tron has it? Well Tron’s TVM will have close compatibility with Ethereum EVM so programmers porting smart contracts from the Ethereum network won’t be much of a hassle. Trons virtual machine may even top Ethereum's virtual machine as making smart contracts on Ethereum comes with a cost. Programmers on the EVM platform have to make their contracts as simple as possible in order to avoid high fees and transaction costs. With Tron however contract development will be free, and programmers can make smart contracts as complex as they want without worrying about financial repercussions.
Posted from my blog with SteemPress : https://www.yourcryptoplanet.org/tron-the-story-the-soon-to-be-legend-and-the-virtual-machine/