Tron is a decentralized platform that launched its own blockchain in 2018, after previously being a token deployed on Ethereum. It is a project that is aiming to disrupt the global entertainment industry, imagine services such as Youtube or Netflix being decentralized, then this is what Tron project is about. They want to provide technology that makes it easy for creators to distribute digital content without needing middlemen like the Apple Store or Google Play Store, Tron likes to say that they are Healing The Internet.
More recently they have also set their sights on tackling the entire dApps market, with many dApp development bounty rewards and contests being held to attract developers. Which means they allow developers to create smart contracts and build decentralized applications within their ecosystem, so does mean TRON is another EVM blockchain?
Well if we want to be very specific then the answer is no. Though we doubt anyone will be able to tell the difference, and it is a chain that would be compatible with Saturn Network current tech - let's find out why!
What is TRON (TRX)?
- Ticker: TRX
- Consensus: DPoS (delegated proof of stake)
- Block time: 15 seconds
Tron is the brainchild of Justin Sun - one of the most brilliant online marketing specialists of our lifetime. He managed to steal Filecoin's whitepaper and Ethereum's code to launch his own network, but truth of the matter is that he stole them because they are simply the best, better than all the rest.
Justin's goal with TRON was to create a blockchain that sacrifices decentralization in favor of fast and cheap transactions, and he picked just the right recipe - Ethereum's virtual machine and EOS's pseudo-decentralized consensus algorithm.
The stolen codebase has since received plenty of modifications and lives a life of its own. Technically speaking Tron's blockchain runs TVM (tron virtual machine), not EVM, but I sincerely doubt that anybody who is not running one of the "super representative" nodes can tell you what the differences are.
What Justin did not realize at the time was that by making his system very close to Ethereum internally he also made TRON largely compatible with Ethereum's smart contract development tools!
That's why personally, if I had to pick between EOS and TRON I'd choose Tron for my high performance / low value per average transaction dApp. As a developer, then you should always take care about your projects requirements before committing yourself to building on a chain: for example, Tron has a track record of banning certain countries from accessing gambling dApps - so any project that requires being censorship resistance? May not be best suited for Tron.
However, TRON could be a perfect platform for prediction markets, games, social media and file sharing. In fact, the acquisition of BitTorrent, Inc. and partnerships with $WIN clearly show that this is the chosen direction for this chain's evolution.
And of course, TRON already has a growing DEX ecosystem which we will support at launch time with our Atomic Arbitrage technology, turning separate DEXs into one huge liquidity mesh and providing efficient Limit Order matching capabilities to the whole network.
Future is bright!
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