Home Justin Sun Why is TRON The Future Of Cryptocurrency?

Why is TRON The Future Of Cryptocurrency?

  • TRON owns huge potential in outshining the other cryptocurrencies in the near future.
  • TRON aims to get rid of the middleman by connecting the content creators to the content consumers directly.
  • Odyssey was initiated for the promotion of creating and hosting content onTRON. It follows the Proof-Of-Stake Cryptocurrency.

TRON owns huge potential in outshining the other cryptocurrencies in the near future. It is only a few years old to the crypto industry but has yet become one amongst the largest Blockchain-based operators. It offers distinctive features and continues to remain an unique initiative. 

TRON is a decentralised platform of the blockchain network founded in 2017 by an organisation called TRON foundation. It is headed by Justin Sun who is the CEO. Its main objectives are to evolve a free and global digital entertainment system relying on distributed technology. It enhances cost-effectiveness for the sharing of digital content. 

Distinctive features of Tron Cryptocurrency

TRON aims to get rid of the middleman by connecting the content creators to the content consumers directly. Hence, this reduces overall costs for the consumer and offers direct receipts for the creators. 

It is a decentralised, open platform and a distributed storage technology. This helps it to be more efficient and cost-effective too. 

It allows anyone to host the digital entertainment content on its Blockchain-based network. Hence, allowing the consumers to make direct payments in order to access the content. 

TRX (Tronix) is the native cryptocurrency of TRON. TRX is used for making payments by the consumers to access the digital content. 

Layout of the Tron’s Planned Phases

In this layout, the phases TRON has planned to carry out until the year 2027 are mentioned. Each of its phase has a draft of the objectives to be achieved. Its completion proves it being a step ahead in becoming a leading cryptocurrency. 

Currently, TRON offers a platform called Exodus. It features Peer-to-Peer network for the distribution and sharing of digital content. 

Odyssey was initiated for the promotion of creating and hosting content onTRON. It follows the Proof-Of-Stake Cryptocurrency. Amid, this phase is to support the power of Blockchain technology. Additionally, it features reward to users based on how well they perceived the content. 

Great Voyage is scheduled to take place in the mid-2020. It is to deal with issues such as dividend management, income payment and supporter management. 

Apollo planned to be phased in mid-2021 is similar to its last phase. However, TRON will be able to launch its personalised token in this phase. This token is to be used for successful decentralised trading. 

Furthermore, Startek and Eternity are the two other phases scheduled to take place in the year 2023 and 2015 respectively. Startek will secure market capitalization for TRON if it indicates the profit of the gaming market. On the other hand, Eternity is for the provision of opportunities to developers to create personalised games. Through both these phases, participants would be able to raise funds. 

What does the future hold For TRON cryptocurrency?

Therefore, the successful completion of the above scheduled phases will mark a new start for TRON in the Crypto Industry. It will get ahead in terms of market capitalisation as well the usage. Additionally, the important potential of it is its place in the entertainment industry. Entertainment sector has a bright future with its constant growth and increasing applications. This adds to the reliability to the TRON, hence making it highly probable to be the future cryptocurrency. 

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Umme Haani
Umme Haani is a writer for Thecoinrepublic. she contributes a researched piece on cryptocurrencies and updates. Umme is an aspiring engineer who immensely enjoys writing and technical writing brings the best of both worlds under one roof for her.

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