TRON is a blockchain-based protocol and operating system that was founded by Justin Sun in 2017 and is headquartered in San Francisco, California. The platform launched the TRON mainnet in June 2018 and is designed to allow users to create decentralized digital content applications. According to TRON's website the platforms can handle over 2,000 transactions per second.
On June 25, 2019 tron announced the company will be buying back their own TRX cryptocurrency in several batches with at least $20 million worth of TRX in each batch. The company also announced they will unlock their TRX holdings held by the TRON Foundation on January 1, 2020, and has no plans to use the unlocked TRX for anything specific (at the time of their announcement).
On November 29, 2018 Tron announced their Blockchain Gaming Fund with $100 million in funding. The company claims the fund will be used to support blockchain game developers, and made the following public statement:
TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world.
From August 31, 2017 to September 2, 2017 TRON held their initial coin offering (ICO) selling approximately $70 million worth of TRX cryptocurrency.
TRON Foundation Announces $20 Million Buyback Plan
June 26, 2019
Tron Whitepaper (English)
What Is Tron? Introduction To TRX | Crypto Briefing
Documentaries, videos and podcasts
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.