What is TRON?

Tron is a decentralized open-source blockchain platform that was created to support the development and execution of smart contracts and decentralized applications (dApps). It was founded by Justin Sun in September 2017, and it has since grown to become one of the leading blockchain platforms in the world.

Tron’s blockchain uses a Delegated Proof of Stake (DPoS) consensus mechanism, which allows users to vote for “super representatives” who are responsible for verifying transactions and maintaining the network. Tron has a block time of just 3 seconds, which makes it faster than many other blockchain platforms.

One of the key features of Tron is its ability to support high transaction throughput. It can process up to 2,000 transactions per second (TPS), which is significantly higher than the 15 TPS that is possible on the Ethereum network. This high transaction throughput makes Tron well-suited for use cases that require fast and efficient processing, such as online gaming, social media, and micropayments.

Tron has a native cryptocurrency called TRX, which is used to pay for transactions and to power the smart contracts and dApps on the Tron network. TRX has a total supply of 100 billion, and it is currently the 17th largest cryptocurrency by market capitalization.

Tron has a strong developer community, with over 2,600 decentralized applications (dApps) built on the platform. These dApps cover a wide range of use cases, including gaming, social media, and finance. Some of the most popular dApps on Tron include Just.game, a decentralized gaming platform, and Steemit, a decentralized social media platform.

In addition to its decentralized applications, Tron also has partnerships with a number of major companies, including Samsung and BitTorrent. Tron acquired BitTorrent, a popular peer-to-peer file sharing platform, in 2018, and it has since integrated blockchain technology into the platform to create a decentralized content sharing network.

Tron has also made a number of strategic acquisitions and partnerships in recent years, including the acquisition of Coinplay, a blockchain-based mobile app store, and a partnership with Tether, the world’s largest stablecoin issuer. These acquisitions and partnerships have helped Tron to expand its reach and strengthen its position in the blockchain industry.

Overall, Tron is a leading blockchain platform that is focused on supporting the development and execution of decentralized applications and smart contracts. Its fast transaction speeds and strong developer community make it an attractive platform for a wide range of use cases, and its partnerships with major companies and strategic acquisitions have helped it to solidify its position as a key player in the blockchain industry.

Why did I start this blog about Blockchain?

So first of all, nice to meet you! My name is Anders and in this post I will try to explain to you why I created understandingblockchain.io

I attended a meet-up in Oslo over 10 years ago to discuss the future of mobile, a bit on the side of the agenda there was a guy talking about Blockchain. A statement he made stuck with me “Blockchain is going to be the next big thing, we just don´t know how yet”. He also made the argument that Blockchain would have the same impact on us as the introduction of the internet.

What did I think of this?

I was fascinated but was not able to comprehend what Blockchain was, and how it is going to have such a big impact. Keep in mind that this was over 10 years ago. I didn´t do anything actively towards understanding it back then but I´ve always been interested and intrigued by Blockchain technology.

Since I attended the meet-up in Oslo a lot has happened, and now even more experts are making the same statement “this is the next big thing”. But I have two big issues with it:
1. Most people don´t understand what Blockchain is
2. How is it the next big thing?

These two are the reasons for why I´m creating this blog, I want to go on a journey wide and deep to understand how Blockchain will change our lives and I want to bring you along on the journey.

Blockchain vs Bitcoin (and other cryptocurrencies)

The fact that most people think about crypto when they hear Blockchain fascinates me, surely there must be much more than “just” crypto. This is one of the areas I want to deep dive into.

What now?

I want to jump in and start learning and understanding, matter of fact I´ve already started writing up my next blog post which is going to be titled “What is Blockchain?”.

What do you guys want me to research? Do you have any ideas, comments or inputs I´d love to hear it. Reach out to me or leave a comment on this post.