What Is TRON Trying to Achieve?
TRON is big on becoming an ecosystem with a wide range of participants who should all be able to draw various benefits from it. Each participant who puts at least some effort in the development of this ecosystem should be rewarded for it, irrespective of their role in it.
With that in mind, TRON has been developed to give both Bitcoin and Ethereum run for their money with some of its key features:
TRON wants to posit itself as the more flexible and lightweight option for the smart contract deployment. The TRON Virtual Machine (TVM) is compatible with Ethereum Virtual Machine (EVM), with planned support for several other VMs in the future. This should ensure that the deployment of applications and custom wallets on the TRON platform is done in a more flexible manner. TRON’s smart contract engine promotes effectiveness, is built around a lighter architecture and supports working with a larger number of users. Transfers of TRX and execution of smart contracts actually cost bandwidth points instead of tokens. Thus, deploying a DApp on the TRON network should allow the developers to benefit from lower development costs based on the bandwidth settings of the TRON TVM. At the same time, they should have direct access to various users who are in search of influencers, investment avenues, and novel business ideas.
TRON goes for three “highs” as its overall goals in the platform development: high throughput, high availability and high performance. The TRON team pairs its promise of resolving scalability issues with the prospects of having its users enjoy a higher number of transactions per second (TPS) than its competitors in daily usage. At the moment, the TRON is billed as being capable of handling 2000 transactions per second at any time of day. Feeling that performance should come at no expense of the platform’s availability, the TRON team promises to offer network infrastructure capable of supporting a higher level of decentralization and a stimulating reward distribution mechanism.
TRON aims to redefine the dominant practices in the content distribution and entertainment industries. Its stated goal is to remove the middlemen from the content creation process and reduce its dependence on the network resources controlled by the large corporations. With TRON, the content creators should be paid directly by the audience they serve, without resorting to the services of various intermediaries such as content distribution platforms. At the same time, the giants such as Facebook, Google and Amazon would have some of their monopolistic powers taken away, at least in the field of the monetization of traffic and user data.
TRON wants to use the blockchain as the foundation of the future global content sharing system. With the promise of rewards for the content creators participating in its ecosystem, TRON hopes to expand its reach and employ its peer-to-peer (P2P) network technology for the purpose of becoming a global operating system for unrestricted storing and uploading of data of all types. This includes popular formats such as audio and video content as well as in-game currencies, all of which should be made available for distribution without restrictions.
0 Comments