What is TRON?
The Tron protocol is one of the largest blockchain operated systems in the world. Tron platform is designed to build a worldwide free content entertainment system using the blockchain and distributed storage technology.
The ambition of the Tron Foundation is to take over the entire entertainment market. The Internet has become filled with various intermediaries which charge their fee each time that you want to publish your content, share it or download something on the web.
Tron is designed to solve this problem. Tron’s protocol allows each user to publish and store data freely without having to pay any additional fee. Users can produce and store their digital content on the blockchain, keep it secure and also earn from the content which they create. All this ideas look rather innovative.
Tron’s official currency is Tronix. Tronix is the basic unit in Tron’s blockchain. Tronix is premined, so there is no mining involved like in Bitcoin. You can buy Tron (TRX) at Binance exchange.
Should you invest in Tronix (TRX)?
Tronix has received quite a popularity among the investors in 2018. It currently holds 10th place on the list of top digital currencies in terms of market cap. The market cap of the coin is 3.21 billion dollars.
The news about BitTorrent Tron acquisition hit the market on 30 of July. Justin Sun, the founder of Tron, has officially announced the merge of BitTorrent and Tron in his letter to the community. Sun stated, that through this acquisition, BitTorrent and TRON will combine their forces in order to bring the technology behind the Tron ecosystem to a completely different level. BitTorrent possesses world-class technical talent and years of experience in decentralized protocol technology which will be most useful in achieving this goal.
As you can see from the chart below, TRX price rose by 8.5 percent from its USD price of $0.32891 to $0.357 just in 40 minutes after BitTorrent’s announcement on Monday.