Tron is a blockchain ecosystem created by Justin Sun, as the foundation for a decentralized free content entertainment ecosystem. It was initially issued in 2017 as an ERC-20 token on top of Ethereum while in 2018 changed its protocol and launched the TRON public chain, the core of its ecosystem with the native coin TRX. Since its launch, TRON has become a widely used programmable blockchain for decentralized applications.
Its core layer uses the Delegated Proof of Stake (DPOS) consensus which functions by an election system for choosing nodes that verify blocks and is considered faster than PoS and PoW with a maximum 2000 TPS throughput. Additionally, the TRON network facilitates the development of smart contracts by choosing Solidity as the first smart contract language due to its ability for creating and maintaining decentralized applications (dApps) in a simple and efficient manner.
TRON is an environment that enables the distribution and subscription of the content and forms a decentralized entertainment system by letting the users release and share cost-effective digital content. Also, it allows creators to connect with their customers directly, freely publish, own and store content, receiving all the payments without the intervention of a middleman or a company that deducts its profit share.
TRON has its own TRON Virtual Machine (TVM), which provides a convenient, scalable, and stable custom-built blockchain system to developers globally. TVM comes with a lightweight architecture that reduces the consumption of resources, hence gives better system performance.
TRON public chain is capable of 2000 transactions per second with block time release every 3s.
Solidity Smart Contracts
TRON enables smart contracts deployment and execution, allowing developers to create a wide range of dApps and customized wallets on TRON. Using Solidity as its main language makes it easier for blockchain developers to mitigate their projects in TRON network.
The system consensus mechanism rotates the network validators ( representatives) every six hours, and each of these validators is chosen by the community of users staking TRX.
TRON Virtual Machine (TVM)
TVM is compatible with the Ethereum Virtual Machine environment. This can be useful to developers as they can skip learning a new language and get directly to development, debugging, and compiling smart contracts using Solidity or other languages.
In 2018 TRON Foundation acquired the BitTorrent network for the creation of smart contracts and decentralized file-sharing. It uses the Tron blockchain network to function as a cryptocurrency with the token currency called BTT.
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