TRON is a decentralized blockchain-based platform designed to build a free, global digital content entertainment system with distributed storage technology. It aims at facilitating sharing of digital content in an easy and cost-effective way. It operates using the TRX cryptocurrency and focuses on solving issues such as intermediary control and limited rewards for content creators .
TRON operates on a three-layer architecture:
TRON uses a Delegated Proof of Stake (DPoS) consensus mechanism, where users vote for 27 super representatives to validate transactions. The TRON Virtual Machine (TVM) facilitates smart contracts, supporting a range of applications from DeFi to NFTs .
TRON's potential use cases include:
TRON was founded by Justin Sun in September 2017. It raised $70 million through an ICO and launched its mainnet in May 2018. TRON later acquired BitTorrent, integrating its user base. Key milestones include launching the TRON Virtual Machine, completing full decentralization, and evolving the platform with major updates like TRON 4.0, which introduced zk-SNARKs and cross-chain compatibility .