TRON: The Creative Coin

in cryptocurrency •  7 years ago 

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Tron is a company that plans to use the blockchain to decentralize online creation. Their goal is to replace certain sites like YouTube or Facebook and make creation more profitable for creators. Tron is executing their platform in 5 phases.

-The Exodus Phase
This means getting the platform functional. They plan to use the IPFS protocol to help bootstrap their efforts.

-The Odyssey Phase
Tron’s calculation of the value of content is weighted differently than other sites and networks. They do give value to the traditional methods: likes, shares, views and comments. However, they mainly look at the user's “energy”. This energy is based on how much TRX you own and how many times you interact with the network. Energy is really designed to prevent spammers. Energy will decrease with the more “operations” you perform in a set period of time. So if you post content irregularly, your energy stays high and so does the value of your content. If you post too much, your energy will drain and so will any value your content has. However, from the formula, it seems that the higher your TRX value is, the more you can interact with the network before you're seriously penalized. They also look at your standing in the community. The community can report against you. All of these things will factor into how valuable your content will be to the network.

-The Apollo Phase
Users will be able to create their own tokens. This is far in advance, because there are a number of problems they still have to overcome.

-The Star Trek Phase
Developers can create and publish their games to the TRON network.

-The Eternity Phase
Extension of the Star Trek Phase. Users will be able to crowdfund their games and allow their audience to contribute to the game's creation.

Personal Observation: I understand why TRON is focusing in on the gaming niche. If it works, this platform is applicable to so many different things.

Technical/Security Details
Their hash network is designed to be updated. Currently they support sha256, sha512, and sha3. So, they plan to keep up to date with security.

TRON has different algorithms to do different things. Since users are paid to store data, they have an algorithm to prove that the content was stored. They use PoW algorithm to verify new users and the Elliptical Curve algorithm for direct messaging. Also, your user ID and node ID are not the same. This will decrease the likelihood of an attack.

TRON nodes employ block swapping when sharing content. Nodes swap blocks with each other. If node A doesn't have the content which node B needs, it will look for it.

If a node doesn't share is content, it's “indebtedness” goes up. The higher the debt, the lower the node's access to other content. Also, nodes will approve adding transactions to the blockchain by a ⅔ majority. If a node doesn't vote regularly, that node will no longer be allowed to participate.

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Great post @altcoinbeast! Nice to see someone providing some real information, not just sharing rubbish from YouTube. I’ve been wondering about Tron for a while. It looks like an interesting project!

Resteemed and followed!

Thank you.

sounds interesting. How do you see it compared to steemit, sounds like they want to do a bit of the same thing? And where would you recommend buying it?

They are similar, but I haven't dug into Steemit enough to do a comparison. So I'll work on that. I don't really have a preference for exchanges. The bigger ones including: Brittrex, Binance, Changelly, HitBTC as well as some smaller, less well known exchanges.