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TRON (TRX) is a decentralized blockchain-based operating system launched in 2017 by the Tron Foundation. TRX tokens were originally ERC-20-based tokens deployed on Ethereum, but they were moved to their own network a year later.
Initially, the project’s goal was to provide digital content creators with full ownership rights. The main goal is to assist content creators (who only receive a small portion of the income) and encourage them by providing more rewards for their efforts. Invite content consumers to directly reward content creators (without intermediaries like YouTube, Facebook or Apple).
TRON software is compatible with smart contracts, various blockchain systems, and decentralized applications (dApps). The cryptocurrency platform, UTXO, employs a transaction model similar to Bitcoin (BTC). Transactions are recorded in a public ledger, where users can view the history of previous operations.
As a result, the platform was created to create a decentralized Internet and to serve as a tool for developers to create dApps as an alternative to Ethereum. Anyone on the TRON network can create dApps, offer content, and receive digital assets in exchange for their efforts. The ability to create and share content openly without fear of transaction fees is an undeniable advantage of TRON.
Justin Sun, who is now the CEO of TRON, founded the company. He attended Peking University and the University of Pennsylvania and was named to Forbes Asia’s 30 Under 30 list of entrepreneurs.
He was born in 1990 and has previously worked with Ripple as its chief representative in Greater China.
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