TRON (TRX)- a Crypto Platform to Decentralize the Entertainment Industry
Jan 05, 2018 Posted / 3410 Views
TRON (TRX) and its cryptocurrency Tronix are both very fascinating. Well, it is if you want to disrupt the covetous, mad money-making entertainment industry. It is the brainchild and foundation of an organization called the Tron Foundation, a Singapore-based non-profit company and Tronix is fundamentally its indigenous currency. TRON is essentially a decentralized, peer-to-peer entertainment network. It is a platform where users can contribute to and sell content straight to customers. So, eventually, it eliminates and removes the superfluous middlemen like Amazon Video and the iTunes Store, which after the adoption of this project may become redundant.
TRON in its entirety- an open and decentralized platform. The main objective is to give the power back into the hands of artists and consumers. This goal is to take the profits from the massive corporations and IT giants like Apple and Google. With features as such cryptocurrency is certainly towering in value at present. Just in the past 24 hours, Tronix price has jumped by 96% and currently trading 106% higher than it was a week ago.
If you will compare the price charts, you will know that its weekly performance is more than both Verge (XVG) and Ripple (XRP). However, if you will look back a month, TRON’s cryptocurrency has flourished and escalated by a whopping 3,500%!
As far as the vision for the project is concerned, analysts will tell you that they think everyone can contribute and apprehend about what this platform is trying to achieve. The TRON network incorporates what cryptocurrency is actually about. It is all concerns to regaining control back from the hyper-wealthy organizations such as large banking firms; Entertainment Corporation and alike and then giving power back to the individual.
The concrete thought in the rear of this platform is undoubtedly sturdy enough to strengthen its native token, Tronix. By now it can be called as a very popular cryptocurrency, especially if you look at the market cap of $10 Billion. It’s also trading preposterously high. If you’re an extra careful investor, it may be intelligent to remain a bit and wait if the price of TRX pulls back. Its upward trajectory is unquestionably striking, but whether it’s feasible and stable is yet to be answered.
TRON comes with the objective of “Healing the Internet” through the following features:
• Data liberation: free and uncontrolled data
• Enabling content ecosystem where users can obtain digital assets from content spreading
• Personal ICO with the ability to distribute digital assets
• Infrastructure to allow distributed digital assets exchange (such as games) and market forecasting.
Applancer is an open platform for discussion on all things like Blockchain , Cryptocurrency and Ico news updates. As such, the opinions expressed in this article are the author's own and do not necessarily reflect the view of Applancer .
Hottest Blockchain Newsletter
For updates and exclusive offers, enter your e-mail below.