TRON

The primary goal of Tron is to create a fully decentralized internet and establish itself as the leading blockchain-based operating system globally, referred to as the TRON protocol. The TRON protocol is designed to offer high scalability, availability, and throughput computing that serves decentralized applications through smart contracts. Notably, Ethereum EVM-based smart contracts can be deployed on the TRON network without requiring Solidity developers to rewrite their applications.

Why Choose Tron?

TRON protocol stands out for its non-reliance on proof of work or mining. Instead, it operates via nodes located worldwide, thus ensuring decentralization while offering high transaction speed on the blockchain. This makes it an ideal choice for dapps requiring high-speed transactions, especially games. Numerous tokens have already been issued on the TRON network, and decentralized exchanges have been launched.

In July 2018, Tron acquired BitTorrent - one of the largest P2P file sharing protocols. Following this acquisition, BitTorrent Token (BTT) was introduced as the cryptocurrency powering the economics of the BitTorrent network. This token is used to incentivize file sharing and storage within this network.

To stay updated with latest developments in Tron and other cryptocurrencies, feel free to explore more articles here at Global Crypto News.