What is TRON?

What is TRON? Is Justin Sun really healing the web? Should you be building on Tron? Here we continue our series of Ethereum compatible blockchain reviews to find out!

What is TRON?

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?

What is EVM? Smart Contract Blockchain Overview
What is EVM? List of Smart Contract Blockchains that support Ethereum Protocol such as ETH, ETC, TRON, ADA and many others.

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!

Saturn Protocol - Why are we developing cross chain?
Lately I have seen some confusion around why we have two tokens - one on Ethereum and one on Ethereum Classic. Let’s take a closer look together!

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.

What is Delegated Proof of Stake?
We briefly mentioned different consensus algorithms in our Binance DEX review article, truly understanding different algorithms is crucial when reviewing crypto projects. Here we explain Delegated Proof of Stake (DPoS).

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!

Ethereum dApp Development Framework
Team Saturn is about to unleash #defi and smart contract explosion on EVM chains such as Ethereum, Ethereum Classic. Join the Winning Team!

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.

Liquidity for all ETH tokens thanks to Atomic Arbitrage
We are happy to report successful testing of our prototype for atomic arbitrage and would like to announce an IDEO to support this features development.

Future is bright!

Don't miss your chance to invest in Decentralized Infrastructure

Follow Team Saturn on Twitter and Reddit for our latest announcements and updates, join our HODL 2020 Investment Program to support development of our roadmap, and share your unique referral link to get extra rewards!