![]() Additionally, the strategy expanded TRON’s active user base significantly. This integration helped boost TRON’s position in the region. Currently, the app has over 10 million users throughout China.Įven more impressive is the fact that Sun integrated TRON into Peiwo only months after the acquisition. He also founded a hugely popular live-streaming app called Peiwo. This position put him in contact with the network of people he would one day need to make the TRON concept a reality. Keenly, prior to the introduction of TRON, Sun had already made a name for himself in the blockchain sector.įor example, Sun was Ripple’s chief representative in the greater China area. Amazingly, he graduated from Ma’s Hupan University and within months made his way onto Forbes “China 30 under 30” and “Asia 30 under 30” lists. For one, he is a protégé of Alibaba founder, Jack Ma. Notably, Sun isn’t a stranger to the FinTech sector. The mission of this organization was to build the infrastructure for a decentralized internet and provide a democratic system to manage the new network. At that time, the firm’s CEO Justin Sun officially launched the Singapore based non-profit organization known today as the TRON Foundation. The history of TRON begins in early 2017. This is exactly the role TRON seeks to obtain. However, the transparent nature of blockchain networks makes them ideal for just such a task. ![]() The computing power of the world was not up to par yet. Until recently, the concept of a decentralized web seemed impossible. Instead, the entire internet is run by personal users. Primarily, there are no hosting companies. The decentralized internet differs from the internet you are used to in some key ways. To grasp the monumental task TRON’s developers seek to take on, it’s crucial to understand a little about the decentralized internet. You can send a million dollars in TRX to anywhere in the world in seconds and never have to pay a fee. Best of all, TRON has zero transaction fees. This performance puts TRX on par with major payment processors such as PayPal. Specifically, the platform is capable of 2000 transactions per second. Today the platform is best known for its transaction speeds and its lively CEO. Similarly to Ethereum, TRON enables Dapp developers to create and utilize complex protocols via smart contracts that live on its native blockchain. TRON is a decentralized virtual machine that was built to help usher in the decentralized internet. More impressively is the fact that it only took TRON two years to accomplish this task. This coin leveraged this community support and its unique technical aspects to become one of the top 10 cryptocurrencies in the world in terms of market cap. ![]() Ever since TRON (TRX) entered the crypto market in 2017, it’s had one of the most vocal followings in the sector.
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