Tron
TRX
About
Justin Sun founded the Tron Foundation in Singapore in 2017 with the aim of creating a protocol that could “decentralize the internet” and support decentralized applications. Beginning on Ethereum, it migrated onto its own blockchain in 2018, and Sun has now directly positioned Tron as a competitor to Ethereum. According to the foundation, the July 2018 acquisition of BitTorrent further cemented TRON’s leadership in pursuing a decentralized ecosystem. In 2019, Tron and Tether announced a partnership to launch USDT on the Tron blockchain as a TRC-20 token – the protocol’s equivalent of a ERC-20 – with the aim of improving liquidity on decentralized exchanges. According to the project’s whitepaper, the network is based on a proof-of-stake system, in which 27 “super representatives,” or SRs, produce blocks for the network. A total of 336,384,000 TRX are awarded annually to the SRs.
Foundations - Consensus: Distributed
May 13, 2020
May 13, 2020
Coinbase is making it easier for its Custody clients to vote their tokens on more DeFi protocols. New tools for Compound were announced Thursday.
The new platform uses Tron's TRX token for purchases and its first project is within the Tron fold.
A flood of class-action lawsuits were filed in New York Friday, taking aim at a number of major cryptocurrency projects over their token sales.
American and European equity markets extended their gains on Thursday while major cryptocurrencies made only slight moves on the day.
A judge granted Justin Sun’s motion to compel arbitration in a lawsuit alleging wrongful termination and workplace harassment at the Tron Foundation.
In Defense of Justin Sun
People mock Justin Sun and TRON. But by several metrics it's a successful business. Time to get over the snobbery, says VC Alexander Blum.
Steemit Sets Up Shop on Tron Network
Steemit, the blockchain-based social media platform, is partnering with the Tron Foundation, introducing Steem dapps and users to the Tron network.