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TRON is a decentralized network based on blockchain technology that has been specially designed for the entertainment sector of the Internet of the future. The aim of the network is to establish a decentralized structure and to give the user back the sovereignty over his data. In principle, the TRON network was designed to support different crypto currencies. The TRON Coin (TRX) token called Tronix serves as a common basis for the exchange between the different systems. This token can already be traded on various stock exchanges today and has recorded a strong price increase of more than 2,000 percent in recent weeks. The fantasy of the investors was not least a boost to the proximity of the network to the Chinese Alibaba Group.
The basic problem: The Internet as a decentralised system
As with almost every new invention, TRON is designed to solve a specific problem. In this case: The increasing centralization of the Internet. Originally, the network was almost exclusively decentralized. In the meantime, however, companies such as Google, Amazon, Apple and Facebook have gained an enormous position of power. In China - where the TRON network was conceived - the situation is not much different. Here the companies are only called Alibaba or Tencent. The new crypto currency wants to improve this situation by establishing a decentralized content entertainment system based on the blockchain. This is intended to create a direct link between the producers of digital content and the users. Fees and commissions could be a thing of the past.
The Tron Token is called Tronix
As already mentioned, a separate token was introduced for the exchange of money within the system. This token bears the name Tronix. But it also has another function: Those who contribute to the maintenance and improvement of the Tron network will be rewarded with tokens. It is also possible to keep tokens as so-called TRON POWER. These are then no longer tradable, but the owners receive additional privileges within the network. This measure should help to reduce the exchange rate fluctuations of the currencies. To what extent this approach will be successful remains to be seen. There are also special TRON 20 tokens that can be used for ICOs.
The smart one behind TRON: Justin Sun
The new crypto currency was founded by the Chinese Justin Sun. This is comparatively unknown in Germany, but in China it is already a well-known tech quantity. Again and again he is compared to Alibaba founder Jack Ma, whose elite university he was the first student at. This closeness is probably also responsible for part of the increase in courses. In China there is a rumour that Alibaba could envisage an official cooperation with the TRON network. Official confirmations for it do not exist so far however. In the area of cryptographic currencies, Sun was also temporarily active as China representative for Ripple and is now using this experience for his own project.
Is TRON a plagiarism?
However, it is still unclear whether TRON is at all an innovative new development. Because as Juan Benet pointed out in a Twitter post, the white paper of the cryptographic currency consists largely of adopted text passages - and that without the source having been stated. Benet itself is also affected: Because its version with the title "IPFS - Content Adressed, Versioned, P2P File System" apparently served as a template for the description of the "Tron nodes". The discussion sparked off by the Twitter post should certainly bring to light whether it was merely a scientifically unclean procedure - or whether TRON is a complete copy.