Coins: 12,868
Exchanges: 940
Market Cap: $2.054T 0.0%
24h Vol: $77.413B
Gas: 25 GWEI
Go Ad-free
Coins & Tokens
TABLE OF CONTENTS

Beginner's Guide to TRON: The Blockchain With a Mission to Decentralize the Entertainment Industry

3.7 | by CoinGecko

eToro is a publishing partner of CoinGecko

Have you ever imagined a decentralized entertainment platform where content creators are paid in full with no middleman? Meet TRON.

TRON is a blockchain-based decentralized operating system that aims to bridge the gap between content creators and content consumers.

CEO Justin Sun established the TRON Foundation in 2017 to provide a free, global, digital content entertainment system that allows easy and cost-effective content sharing.

Decentralizing entertainment with blockchain

Take Netflix, a single organization that controls what, when, and how content is put out. To host a movie, it takes a big cut out of a subscriber's fee, and it only pays a small portion to the producer.

In contrast, the blockchain would cut out the middleman and allow subscribers to directly pay the producer or content creator, kind of like how Patreon works for YouTubers.

Platforms like YouTube seem to be the beginning of a decentralized world where content creators may produce a film without anyone's approval. However, monetization on YouTube means that the producer does not have control over the pricing of a video and advertisers pay YouTube, not the producer.

How TRON uses blockchain to decentralize the industry

In October 2018, TRON established a decentralized application store, DappHouse. A decentralized app (dApp) uses peer-to-peer network technology whereby computers around the world act as broadcasters in a mesh network known as supernodes.

Unlike Netflix, a dApp is not hierarchical, which means no single website or authority can have a say over what content is to be distributed.

This decentralized system on TRON will enable:

  • content creators to create and produce a film without pitching or approval
  • new channels to be set up by anyone and joined by content creators
  • advertisers to use tokens to buy exposure and the tokens will go directly to the creator
  • viewers to use tokens to subscribe to channels or directly pay the content creator

In the past few years, TRON has improved its services to help achieve its mission of decentralizing the internet.

In 2018, they created a free platform for peer-to-peer distribution and content storage called Exodus. Odyssey was then born in 2019, providing monetary incentives to promote the creation and hosting of content on TRON. Unlike YouTube or Netflix, the incentives are based on user interaction and engagement instead of clicks and views.

Currently, TRON is building its services to enable content creators to build their brands and issue individual initial coin offerings, as well as personal tokens.

This is where TRX, the TRON coin, comes in

The cryptocurrency used by TRON is called Tronix (TRX). It is currently ranked 18th by cryptocurrency market capitalization.

As the basic unit of accounts on the TRON blockchain, TRX connects the entire TRON ecosystem with various application scenarios:

  • credit card payment
  • TRON ATM
  • purchase TRON merchandise in WeChat stores
  • purchase tokens issued on TRON
  • obtain energy and bandwidth by freezing TRX
  • obtain voting rights for super representatives* by freezing TRX
  • receive BTT airdrop reward
  • participate in the Tronics Support Plan and receive TRX rewards
  • payment on Pornhub
  • buy virtual gifts on CallMe, a live broadcasting platform

*Super representatives are the bookkeepers on the TRON network who are responsible for the verification and packing of all transaction data broadcasted on the network.

TRX can be stored in wallets that support the Ethereum blockchain, but it can't be purchased with fiat currencies. Instead, TRX can be purchased on exchanges like Liquid and Binance by exchanging them for other cryptocurrencies like ETH or BTC.

TRX has a high throughput value, as it can consistently handle 2,000 transactions per second (TPS). It’s significantly higher than ETH (25 TPS) and BTC (6 TPS). A higher TPS would mean the ability to scale to real-world volumes and allow more people to use the blockchain platform.

Is there a place for TRON blockchain in the future?

The current scenario looks like this:

An organization funds the development of content from studio to end-user via cable, broadcast, mobile device, or website with the bulk of the revenue going towards the organization (the middleman) instead of the content creator.

The possible future scenario with a blockchain platform like TRON would look like this:

Content creators can distribute their content via a peer-to-peer network that upholds the decentralized model, whereas viewers and advertisers may directly pay the creators using tokens — eliminating the middleman.

With more and more people challenging the monopolization of industries by the very few and powerful corporations,TRON is challenging those that control the Internet by decentralizing the entertainment industry, thus creating a more level playing field.

Netflix, Amazon, or HBO would be replaced by a blockchain system like TRON and content creators like those on YouTube will get paid directly and in full by viewers who value their work.

If we as a society value a decentralized system that rewards the content creator instead of the middleman, then we may expect to see more of TRON in the future.

eToro is a publishing partner of CoinGecko

Tell us how much you like this article!
Vote count: 3
CoinGecko
CoinGecko

CoinGecko's editorial team comprises writers, editors, research analysts and cryptocurrency industry experts. We produce and update our articles regularly to provide the most complete, accurate and helpful information on all things cryptocurrencies. Follow the author on Twitter @coingecko

Related Articles

coingecko
Continue in app
Track prices in real-time
Open App
Select Currency
Suggested Currencies
USD
US Dollar
IDR
Indonesian Rupiah
TWD
New Taiwan Dollar
EUR
Euro
KRW
South Korean Won
JPY
Japanese Yen
RUB
Russian Ruble
CNY
Chinese Yuan
Fiat Currencies
AED
United Arab Emirates Dirham
ARS
Argentine Peso
AUD
Australian Dollar
BDT
Bangladeshi Taka
BHD
Bahraini Dinar
BMD
Bermudian Dollar
BRL
Brazil Real
CAD
Canadian Dollar
CHF
Swiss Franc
CLP
Chilean Peso
CZK
Czech Koruna
DKK
Danish Krone
GBP
British Pound Sterling
GEL
Georgian Lari
HKD
Hong Kong Dollar
HUF
Hungarian Forint
ILS
Israeli New Shekel
INR
Indian Rupee
KWD
Kuwaiti Dinar
LKR
Sri Lankan Rupee
MMK
Burmese Kyat
MXN
Mexican Peso
MYR
Malaysian Ringgit
NGN
Nigerian Naira
NOK
Norwegian Krone
NZD
New Zealand Dollar
PHP
Philippine Peso
PKR
Pakistani Rupee
PLN
Polish Zloty
SAR
Saudi Riyal
SEK
Swedish Krona
SGD
Singapore Dollar
THB
Thai Baht
TRY
Turkish Lira
UAH
Ukrainian hryvnia
VEF
Venezuelan bolívar fuerte
VND
Vietnamese đồng
ZAR
South African Rand
XDR
IMF Special Drawing Rights
Cryptocurrencies
BTC
Bitcoin
ETH
Ether
LTC
Litecoin
BCH
Bitcoin Cash
BNB
Binance Coin
EOS
EOS
XRP
XRP
XLM
Lumens
LINK
Chainlink
DOT
Polkadot
YFI
Yearn.finance
Bitcoin Units
BITS
Bits
SATS
Satoshi
Commodities
XAG
Silver - Troy Ounce
XAU
Gold - Troy Ounce
Select Language
Popular Languages
EN
English
RU
Русский
DE
Deutsch
PL
język polski
ES
Español
VI
Tiếng việt
FR
Français
PT
Português
All Languages
AR
العربية
BG
български
CS
čeština
DA
dansk
EL
Ελληνικά
FI
suomen kieli
HE
עִבְרִית
HI
हिंदी
HR
hrvatski
HU
Magyar nyelv
ID
Bahasa Indonesia
IT
Italiano
JA
日本語
KO
한국어
LT
lietuvių kalba
NL
Nederlands
NO
norsk
RO
Limba română
SK
slovenský jazyk
SL
slovenski jezik
SV
Svenska
TH
ภาษาไทย
TR
Türkçe
UK
украї́нська мо́ва
ZH
简体中文
ZH-TW
繁體中文
Login to track your favorite coin easily 🚀
By continuing, you agree to CoinGecko Terms of Service and acknowledge you’ve read our Privacy Policy
or
Forgot your password?
Didn't receive confirmation instructions?
Resend confirmation instructions
IT'S FREE! Track your favorite coin easily with CoinGecko 🚀
By continuing, you agree to CoinGecko Terms of Service and acknowledge you’ve read our Privacy Policy
or
Password must contain at least 8 characters including 1 uppercase letter, 1 lowercase letter, 1 number, and 1 special character
Didn't receive confirmation instructions?
Resend confirmation instructions
Forgot your password?
You will receive an email with instructions on how to reset your password in a few minutes.
Resend confirmation instructions
You will receive an email with instructions for how to confirm your email address in a few minutes.
Get the CoinGecko app.
Scan this QR code to download the app now App QR Code Or check it out in the app stores