Whitepapers TRON White Paper Explained Summary

TRON White Paper Explained Summary

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TRON White Paper

Summary:

-TRON is a blockchain-based operating system that offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.
-The TRON Protocol was proposed as an innovative solution to the pressing scalability challenges faced by cryptocurrencies like Bitcoin and Ethereum.
-TRON was founded in late 2013 and the acquisition of BitTorrent in July 2018 further cemented TRONs leadership in pursuing a decentralized ecosystem.

Explained – TRON White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the TRON white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. TRON (TRX).

Lets understand TRON (TRX) after going through the TRON white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

TRON White Paper

TRON white paper will be going to provide you, all the information that is needed to get started with TRON (TRX), including the inspiration for creating, the problem it is trying to solve and the solution proposed by TRON (TRX).

Introduction

TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem.

The July 2018 acquisition of BitTorrent further cemented TRONs leadership in pursuing a decentralized ecosystem.

The introduction of Bitcoin in 2009 revolutionized societys perception of the traditional financial system in the wake of the Great Recession (2007-2008).

As centralized hedge funds and banks collapsed from speculation in opaque financial derivatives, blockchain technology provided a transparent universal ledger from which anybody could glean transaction information.

The transactions were cryptographically secured using a Proof of Work (PoW) consensus mechanism, thus preventing double spend issues.

In late 2013, the Ethereum white paper proposed a network in which smart contracts and a Turing-complete Ethereum Virtual Machine (EVM) would allow developers to interact with the network through DApps.

However, as transaction volumes in Bitcoin and Ethereum peaked in 2017, it was apparent from the low transaction throughput times and high transaction fees that cryptocurrencies like Bitcoin and Ethereum in their existing state were not scalable for widespread adoption.

Thus, TRON was founded and envisioned as an innovative solution to these pressing scalability challenges.

White Paper Link: TRON (TRX) Whitepaper

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