TRON cryptocurrency is an incredible and exciting crypto project which attempts to provide a decentralized platform to serve its users properly.
It is a blockchain-based decentralized protocol that seeks to create a global free content entertainment structure with the blockchain and distributed storage technology.
In other words, TRON’s open, distributed storage technology and decentralized platform allows creators of digital content to cut out third-party members such as the Google Play Store and Apple Store. Therefore content producers can obtain funds directly from consumers.
Today, a lot of traffic and user data is controlled by a few corporations like Facebook, Amazon, and Google. In this vein, wants to compete with these centralized competitors and big fees they charge. So, TRON attempts to alleviate this control by placing ownership of the content back into the creator’s hands.
What Does TRON Cryptocurrency Do?
Tron wants to change the way data is being rewarded through content liberation, i.e., free and uncontrolled data. Thus, the TRON protocol is created so that users can freely store, publish and own their data on the blockchain. For example, the data can be anything from audios, videos or simple texts.
Regarding any community and free market economy, an incentive system that fairly and reasonably reflects the contributions made by participants is fundamental. So, Tron will attempt to transparently and accurately measure and motivate relevant contributors and participants using digital assets for the first time, therefore enabling this content system.
NB: The purpose of the project is to produce a healthier entertainment ecosystem online as the third party governs the current system. However, these middlemen take a substantial cut of the profits generated by content creators.
By utilizing blockchain technology, TRON cryptocurrency hopes to simplify all the content publishing on these services, but in a censored and decentralized manner.
Biggest Goal- Eliminating the Third Party
All of Tron’s users have an equal opportunity to earn money if their projects are successful. Therefore, by using the peer-to-peer network and the features of the blockchain technology, TRON cryptocurrency seeks to bridge the gap between content consumers and content creators by eliminating the middleman.
So; the result is a cost reduction for the consumer and enhanced collection through direct receipts for the content creator; which offers a win-win situation.
It is crucial because big companies mostly control what people can view, and they also take most of the profits.
Therefore, with the introduction of the TRON cryptocurrency, the third parties will disappear.
TRON cryptocurrency token
TRON has their its cryptocurrency token known as the TRX for short. TRX works in paying artists for their work and help confirm a transaction. Therefore, as more users use Tron as a decentralized media platform; the high the value of its coin will increase.
The most significant advantage of using Tron cryptocurrency is that you empower content creators and artists around the world for the content they create.
Where to Buy TRX
You can trade TRX tokens on exchange sites such as binance and Liqui for either BTC or ETH. New users can buy ETH or BTC coin on Coinbase or Bitstamp and deposit it to their respective wallets on Binance.
However, you must know that most of the trade for Tron happens in Ethereum and Bitcoin. So, new users can buy ETH or BTC coin on Coinbase or Bitstamp and deposit it to their respective wallets on Binance.
NB The Binance exchange often recommended as a top trading platform choice because of its low trading fees.
Where to Store TRX
TRX is very popular, therefore plenty of people require a wallet to hold their TRX token. In other words, when choosing a TRON wallet, you have to know what you need personally. These include factors such as wallet cost, security concerns, user experience or regularity of use.
However, you can store TRON cryptocurrency tokens on hardware wallets that support the ethereum blockchain such as Ledger Nano S.
Ledger Nano S (Hardware Wallet)
For security, it is difficult to beat a hardware wallet, and the Ledger Nano S is one of the highly rated hardware wallets available. It is unobtrusive and small and connects to your computer through the USB port. In other words, it permits you to secure your private keys in an offline cold storage environment.
Also, the Ledger device creators produced it to prioritize security as its primary objective. It, therefore, combines a built-in screen with buttons to guarantee hacking is all but impossible.
Above all, the Ledger Nano S is also useful if you have other coins besides TRX as it can store over 700 other cryptocurrencies.
With a bright; long-term vision for the TRON cryptocurrency platform and TRX with what seems like unlimited funding from investors; it is worth trying Tron cryptocurrency.
That said, do your research before investing in this volatile industry.