Everything You Need to Know About Tron
Over the years, blockchain has made significant progress in the crypto industry, thanks to its decentralized nature. Tron crypto, the latest blockchain-based platform, is aiming to build a digital content entertainment system that doesn’t cost anything and would come with distributed storage technology. This platform tries to tackle four essential features so that users don’t face issues during transactions. Here are the concepts of Tron that makes it such a promising crypto platform:
- Decentralized internet technology
- Mobile app marketplace
- Digital content for users and developers
- Potential to operate in uncharted territory
No more middle-man
One of the reasons why blockchain has become so widely popular is it offers peer to peer network technology. Tron uses this technology to best effect. It uses the features of blockchain, especially the peer to peer network, to bridge the gap between content consumers and content creators. Wondering what benefit this has on the end-user? Well, it eliminates the need for a middle-man. It results in reducing the cost of the consumer to a great extent.
There are benefits both for the consumer and the content producer. On one hand, the consumer doesn’t have to pay unnecessary and costly fees. So, this process cuts down the extra transaction costs.
On the other hand, the content producer gets improved collections, thanks to the direct receipt facility that does not involve the intervention of a middle-man. The result is a win-win situation for both parties.
To better understand what is Tron crypto, let’s consider Netflix as the prime example. This is one of the most popular on-demand content producers that operate on a centralized platform. A user needs to subscribe to Netflix and pay a monthly or annual subscription fee to watch the on-demand movies or television shows. Netflix is the middle-man here. The producers of the shows and movies rely on Netflix to stream their content. So, Netflix takes a cut from the subscription of the user and pays the rest to the producers.
Decentralized platform
Unlike Netflix, which has a centralized business model, Tron is a decentralized platform. It works on a public blockchain system offering a decentralized storage facility, making the entire process cost-effective and more efficient.
So, it doesn’t walk in the path of Netflix of taking a cut from the subscription charges. Instead, everyone will be able to host their entertainment content on the blockchain-based network without thinking of paying a middle-man. This will allow the audience to pay the producers or content creators directly rather than relying on another platform.
The Tron coin has not held back when it comes to introducing new features. Exodus is a free platform that supports peer to peer distribution along with free storage of content. Tron introduced a protocol that uses a web-based file system that quickly sends information to the users in a flash. It doesn’t require any transaction cost or takes too much time to deliver the result. End-users expect fast pace whenever they deal with any transaction-related issue. Tron is making sure they get what they expect.
Another example of Tron’s progress in the crypto industry is Odyssey. This is more like the concept of Netflix but without any middle-man fees. Odyssey leverages blockchain’s power to create monetary incentives for promoting content creators. They will use Tron as the platform to showcase their content, but Tron won’t keep a margin from the subscription fees.
Tron is slowly creating a world where both the content creator and content consumer remain happy on their ends. By bridging the gap between these two parties, it has certainly cut down significant costs and helped the content creators to earn more than ever before while allowing content consumers to keep as much money in their pockets.
