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What is Tron? TRX explained in 2 minutes!

Let’s talk about another cryptocurrency and blockchain platform called Tron

As always, everything said here is my personal opinion and I am not a financial advisor.

Now, let’s get to the brief summary of what Tron is! Tron is a blockchain based decentralized aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.

The protocol allows each user to freely publish store and own data and in the decentralized autonomous form decides the distribution subscription and push of contents and enables content creators by releasing circulating and dealing with digital assets. Thus forming a decentralized content.

Ecosystem Tron has established the singapore-based Tron Foundation a nonprofit organization that mainly engages in operating the Tron Network in the principles of openness fairness and transparency and supporting tron’s development team. The Tron Foundation is set up with the approval of the accounting and corporate regulatory Authority and under supervision and regulation of the company law of Singapore.

Trons official currency is Tronics. Tronics is the basic unit of accounts introns blockchain. The value of all other tokens are derived from the value of Tron Tronics is pre mind. So there’s no mining involved like in Bitcoin

Next we will discuss some good reasons Tron is a good investment. Justin son is the CEO of Tron with a great background. He founded payroll app, which already has 10 million users in 2017 Forbes listed him as 30 under 30 in Asia. He is the protégé of Jack ma who is the founder of the Alibaba group. Also, he is the former Chief representative in Great China of Ripple.

Overall Tron is another Block Chain technology platform similar to others. So do your own research before investing. Do you have any thoughts on Pros or cons of Tron? If so, please leave a comment down below if you like these types of videos, don’t forget to like.