TRON is an ambitious project dedicated to the establishment of a truly decentralized Internet and its infrastructure. The TRON Protocol, one of the largest blockchain-based operating systems in the world, offers public blockchain support of high throughput, high scalability, and high availability for all Decentralized Applications (DApps) in the TRON ecosystem. The July 2018 acquisition of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem.
The introduction of Bitcoin in 2009 revolutionized society’s perception of the traditional financial system in the wake of the Great Recession (2007-2008). As centralized hedge funds and banks collapsed from speculation in opaque financial derivatives, blockchain technology provided a transparent universal ledger from which anybody could glean transaction information. The transactions were cryptographically secured using a Proof of Work (PoW) consensus mechanism, thus preventing double spend issues.
In late 2013, the Ethereum white paper proposed a network in which smart contracts and a Turing-complete Ethereum Virtual Machine (EVM) would allow developers to interact with the network through DApps. However, as transaction volumes in Bitcoin and Ethereum peaked in 2017, it was apparent from the low transaction throughput times and high transaction fees that cryptocurrencies like Bitcoin and Ethereum in their existing state were not scalable for widespread adoption. Thus, TRON was founded and envisioned as an innovative solution to these pressing scalability challenges.Tron white_paper_v_2_0