Tron (TRX) – Within the space of contesting decentralized blockchain technologies lies a nonprofit organization based in Singapore. Tron (TRX) is a blockchain network that specializes in the area of entertainment industry with the aim of transforming the internet on a global scale by carving out a decentralized content entertainment ecosystem.
TRON is a blockchain-based open-source global digital entertainment protocol.
The cryptocurrency industry has been so much flocked and explored with diverse ideas that there has been repetition on several occasions or a little addition to a previous idea. This has somewhat made the sector boring, with new blockchain technology only surfacing for a short while, and varnishing becomes their next result with no traces of existence.
Evident of the fact that the crypto verse is not a bed of rose, but an industry that requires great innovative ideas for survival, the founder of Tron, Justin Sun, also the CEO at PEIWO APP compared a lot of thing and finally came up with the idea of standing out to create an appreciable alien in the world of human, edging into the entertainment industry with the intention of innovating a blockchain technology that brings radical changes into the sector.
According to the official page, “Tron strives to construct a global free content entertainment system, utilizing blockchain technology. This platform allows each user to freely publish, store, and own data. The issuance, circulation, and trading of digital assets, through decentralized self-governance, lay the foundation for the distribution and subscription of content, thereby empowering content creators as well as forming a decentralized content entertainment ecosystem”.
“The app partners of Tron platform include Peiwo, Obike, Gifto, Uplive, with a total of 4 millions users, making Tron a blockchain platform with the most DAPP users in the world.”
The entertainment industry is undoubtedly very large, comprising of potential investors who are crypto enthusiast searching for innovative and new means with which they could invest in within the sector. Then, the idea of innovating Tron is indisputably a quencher of what the world bellows for. Definitely, Tron has come to stay.
Tron to take over the social media
When talking about social media, Tron has come to stand and challenge vibrant and popular social media platforms using the amalgamation of blockchain and peer-to-peer technology to make contents available to world users on its platform.
Social media holds an important part of people’s lives today, serving as a great communication means for almost everyone in the world, while Blockchain technology is not a new thing to the world, with people investing in it profusely. Also, millennials according to Forbes love cryptocurrencies. Then, the question to ask is who are the majority on social media?
According to Business Insider, 2.8 billion people — or 37% of the world’s population — use social media. In addition, Statista opines that 82.8% of social media users are within the age of 16-44 year. Such proves proclaims that the same lovers of cryptocurrency are users of social media.
Moreover, going by the recent cryptocurrency ads ban by the media giant, people who are lovers of cryptocurrency will be sorting for other means to read, communicate and get informed about cryptocurrency, and there lies TRON.
Nevertheless, Sun has claimed that Tron has surfaced to challenge social media platforms like Facebook and Youtube.
Taking Over Gaming Industry
Tron has been able to extend its tentacles to the gaming industry by partnering with giant gaming firms like BitGuild (also a blockchain technology-based gaming company) and Xu Le and Game.Com. The duo collaboration is a great beginning for Tron’s encroachment into the gaming industry and enhancing greater possibility of regaining ownership in the virtual world of gaming.
Tron’s Recent Performance
In my recent tour to the Coinmarketcap to check the rank of some coin in about 96 hours ago, Tron(TRX) was situated at the 14th position with a market cap of about 2.5 billion USD, and just for me to check today, I saw the altcoin jumping up to the 13th position with a market cap of over 2.8 billion USD.
No doubt, it is not a coin with faint visibility but a sleeping elephant about to be awakened. It has garnered large popularity over time and more still on its way.
Also, Tron was recently announced to have topped trading charts on Koinex. A famous cryptocurrency exchange in India. Sun also tweeted on the development saying “TRX is the most popular cryptocurrency in India”
Lastly, with the large population in India ranking second in the world after China, if Tron can coast the mind of people in the area, the great new adventure for Tron will begin and the sky will not be its limit.