Baofeng and TRON — Opening a New Era of Blockchain-Based Online Entertainment

Recently, bfc.baofeng.com has reached a blockchain technology cooperation agreement with TRON, with the signing of Blockchain Consensus Network (BCN). Bfc.baofeng.com and TRON will cooperate in the deployment of full nodes in the blockchain network, the integration of blockchain with online entertainment industry, the building of open source community of blockchain and so on, opening a new era of blockchain-based online entertainment.

Since its inception in January 2007, Baofeng has been committed to providing Internet users with the easiest and most convenient Internet audio and video playing solutions, with its world’s leading video decoder and audio decoder technologies. Currently, Baofeng.com boasts more than 200 million users as a veritable video portal giant. Baofeng Group Co., Ltd. [300431] has achieved the aggregate market value of over 8 billion CNY since its listing in March 2015. As a pioneer of Baofeng Group to enter the blockchain field, bfc.baofeng.com gained extremely high attention upon its launch, with more than 500,000 reservations. The BCN service is a global first and can help the blockchain business quickly deploy massive nodes.

In the future, Baofeng BFC hardware devices will support TRON and run the full nodes of the TRON’s main chain. This will undoubtedly provide a sound infrastructure for the TRON main chain’s launch and operation and lay a solid foundation for blockchain-based online entertainment’s development.

CEO of bfc.baofeng.com, former COO of Baofeng Group — Tianlong Cui

Bfc.Baofeng.com’s CEO Tianlong Cui said: “After communicating with the TRON team, we find that TRON already enjoys a huge global community and market and that TRON is essentially a complex network composed of an integrated blockchain settlement system and a P2P data engine system that offers smart contracts large file services and that allows intelligent cache and deployment. As a large-scale P2P network operator, we know how difficult this network is and how great the technical challenges are. We look forward to the TRON team overcoming the difficulties and launching the network.”

TRON’s founder Justin Sun said: “Baofeng Group is one of the best Internet companies and a prominent public company in China. This cooperation reflects Baofeng’s clear understanding of the Internet’s future and its high recognition of TRON project and team. For TRON, 2018 will be a year of rapid growth. Launching the main chain will be the top priority. Baofeng’s BCN service will pave the way for TRON’s sustained development. We both look forward to opening a new era of blockchain-based online entertainment.

Tron is a decentralized content protocol that aims to establish a global free content entertainment ecosystem through blockchain technology. It allows each user to freely publish, store, and own data. The content creators will be empowered through the free creation, circulation, and trading of digital assets under decentralized self-governance.

Tron was founded by Justin Sun, the former Greater China chief representative of Ripple. Justin was featured in 2015&2017 Forbes China 30 under 30, 2017 Forbes Asia 30 under 30 and was a member of the first batch of entrepreneurs at Hupan University, an elite business school established by Jack Ma, the founder of Alibaba Group. According to coinmarketcap.com, Tron is among the top 10 crypto currencies by market cap, with a total market cap over 10 billion USD.

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