Simplest description of TRX, Tron wave field
ipulongipulong
Blockchain
Tron, the Chinese name of wave field and the token symbol TRX, was founded in 2017. On September 29, 2020, it ranked among the top 15 in the encryption market, with a market value of about US $1.8 billion.
Basic cognition:
Total number of passes issued: 100 billion. Current number of passes issued: about 71 billion.
At the initial issuance of the pass, 45% was allocated to the founding team. The remaining 55% is the token of the circulation market.
Consensus algorithm: entrust the right certificate dpos, and the holder can entrust the super representative to generate blocks by freezing the pass to maintain the network consensus. Using super representative method can improve the throughput of the network. The official website says it can reach 2000 TPS, compared with bitcoin, it is about 3-6 TPS.
Positioning: serve content creators, facilitate their direct transactions with content consumers, and skip intermediaries. For example, game distribution or personal content creation. Another example is the app store. If it can be freely distributed through Tron, it can avoid paying 30% Apple tax. Developers can increase revenue and consumers can reduce purchase costs.
In 2018, wave field project acquired BitTorrent, a well-known download service, and then launched BitTorrent token (BTT). At present, it is mainly used inside BitTorrent project, which is basically related to content distribution and sharing.
Operation network: the wave field has its own main network. It can also support smart contracts and decentralized DAPP development.
Future development goals defined on the official website:
Cross chain support based on wave field common chain
Fully support protected / anonymous transactions (ipulong: a transaction line supported in zcash. The sender, receiver and transaction amount can be kept confidential and cannot be viewed on the block browser. However, both parties can still verify the legitimacy of this transaction)
Faster and safer wave field virtual machine
Integrate other products, such as btfs (BitTorrent file system), to bring more decentralized apps dApp.
Explore the field of defi. DeFi - Decentralized Finance. Decentralized finance.
