TRON News

TRON News

Tron foundation is developed with the objective of providing support to the Tron network. Justin Sun, Tron CEO, is the man behind the development of the foundation and its distributed network protocol and known quite well in the crypto sphere. Powering the Tron network is the Tron (TRX) coin which was initially developed to work on the ethereum blockchain. Back then TRX used the protocol ERC-20, however; later on it was shifted to operate on the Tron protocol. 

Among the distinctive competence of the Tron network is its specialization in the field of entertainment and the content industry. The project was conceptualized keeping in mind the specific need of conserving the rights of content developers especially in the segment of the digital entertainment industry. The main features of the project have been designed to provide a fair and transparent share of the rewards to content developers who often feel shortchanged due to widespread malice of piracy and illegal downloading. In June 2018, Tron released its mainnet in the market which established it as one of the credible players in the industry. In terms of market capitalization, Tron value is counted among the top 10 cryptocurrencies with Bitcoin leading the chart in terms of total valuation. Like other cryptocurrencies, the Tron price keeps on changing regularly which means investing in the coin requires a close watch on the market and its price movement.