What is Tron — a virtual currency, or is there more to it?

Tron is a blockchain-based operating system that allows you to create decentralized applications and share media content. The TRX token itself is used to gain access to certain features of the operating software. The primary purpose of the token is, therefore, to be used in the TRON network. However, it is still a store of value and can be traded on exchanges, which is why TRX can also be called a virtual currency.

Tron was founded in 2017 by Justin Sun. Originally TRX was ERC-20 based tokens based on Ethereum, but in 2018 Tron split up to create their own token. In the same year, Tron acquired BitTorrent, the largest file-sharing platform on the Internet, which was a big step forward in its efforts to create a level playing field for media on the Internet. TRX’s highest price was achieved in January 2018 when the coin reached $0.30, but now it is worth only $0.01. At the time of writing this article, it was ranked 17th in terms of market capitalization.

Why was Tron invented?

Tron was invented with one clear goal in mind: to help reward content creators for their efforts. The media industry is currently structured in such a way that a few large companies, such as YouTube, Facebook, and Apple, largely control what media is viewed and published on their websites. Not only do they…