Question 1

What is TRON (TRX)?

Accepted Answer

TRON (TRX) is a decentralized blockchain platform that was designed to build the infrastructure for a global digital content entertainment system. It aims to enable the sharing of digital content such as games, videos, music, and books using a distributed network of nodes on a blockchain-based platform with support for peer-to-peer networking and smart contracts. The platform has its own native cryptocurrency called Tronix (TRX) which can be used for transactions within the system. TRON has several other features, including high throughput, scalability, and flexibility for developers.

Question 2

What is the purpose of TRX?

Accepted Answer

TRX (formerly known as Tron) is a blockchain-based platform and cryptocurrency, designed to create an autonomous digital entertainment network. The main purpose of the TRX coin is to be used as a medium of exchange on this decentralized network, where users can store, save, and access digital content and services. It also functions as a way to facilitate payments between participants in the network and enables developers to create smart contracts and decentralized applications.

Question 3

What problem does TRON solve?

Accepted Answer

TRON is a blockchain-based platform developed to decentralize the web. Its main goal is to decentralize the internet by providing users with the ability to publish, store, and own data in an environment that is free of centralized control and censorship. This would enable content creators to maintain full ownership of their content and be compensated for their work according to usage and engagement. TRON provides open access to digital content, applications, and services, allowing developers to create dApps or decentralized applications on its network. Furthermore, it offers a high throughput, scalability, and availability while also promoting user privacy.

Question 4

What are the main technologies used in TRON?

Accepted Answer

The main technologies used in TRON include: 1. Java: Used for smart contracts, dApp development, and core functionality 2. Solidity: A popular language used for creating smart contracts on the TRON blockchain 3. Protocol Buffer: A binary data serialization protocol that allows interoperability between applications 4. Oracle: An integration tool used to connect and query data from external data sources 5. BitTorrent: A peer-to-peer technology used to quickly and securely share large files over the internet 6. DPoS consensus mechanism: An advanced consensus algorithm for securing transactions on the platform.

Question 5

Is there a native token TRON?

Accepted Answer

Yes, TRON has its own native token called TRX.

Question 6

What is the economics of tokens in TRON?

Accepted Answer

The economics of tokens in TRON is based on its ecosystem of decentralized applications (dApps), which can generate and exchange tokens. Every transaction within the network and each of its dApps requires TRX as the native token for settlement, similar to “gas” in Ethereum. TRX is also required to produce the utility token that is embedded in each dApp created on the platform. Each new dApp requires its own token to create a unique ecosystem of users who must trade them to participate. The more users are attracted to each token, the more valuable it becomes, increasing its price. This allows developers to monetize their applications and return a reward to token holders. Additionally, many tokens grant holders some sort of efficiency or access to features, staking opportunities, voting rights, and the potential to earn dividends.

Question 7

How many TRON are in circulation?

Accepted Answer

As of February 2020, there are 66.68 billion TRON tokens in circulation.

Question 8

Who is the target audience for TRON?

Accepted Answer

The target audience for TRON is primarily sci-fi fans, people interested in cryptocurrency and blockchain technology, and video game and entertainment enthusiasts.

Question 9

What is the business model of TRON?

Accepted Answer

The TRON business model is based on the 3F's concept: Freedom, Fairness, and Fun. It seeks to create a decentralized global entertainment ecosystem by offering high scalability and low latency for users to experience enjoyable gaming and entertainment experiences powered by blockchain technology. The platform provides a free virtual machine environment to create digital assets, dApp development, and content ownership offerings. It also powers token trading in platforms such as BitTorrent, which serves as a medium of payment/reward for TRON users. The key objectives of the Tron network are to decentralize internet services, streamline sharing and reward mechanism for content creators, and ultimately facilitate low-cost distribution of digital products.

Question 10

What are the unique features of TRON?

Accepted Answer

1. High Throughput: TRON's network is designed for high-throughput of transactions, with the ability to handle up to 2,000 transactions per second. 2. Low Fees: TRON does not charge fees for transactions that are carried out on the platform, encouraging more user adoption and cost efficiency. 3. Decentralized Applications: TRON is a platform for building and deploying decentralized applications (DApps). Developers can create custom applications using the TRON Virtual Machine and the Solidity programming language. 4. Scalability:TRON's blockchain is scalable, allowing developers to deploy larger and more expansive applications and use its distributed ledger technology (DLT) as needed. 5. Interoperability: TRON features an interoperability protocol called TRC-20, which makes it easier for different blockchains to interact with each other. This helps provide a unified blockchain ecosystem for developers.

Question 11

What are the main advantages of TRON (TRX) over similar projects?

Accepted Answer

1. Scalability: TRON offers a high-throughput network that allows for millions of transactions per second and can handle large data volumes in a short amount of time, allowing for more efficient applications and decentralized business models. 2. Compatibility and Interoperability: TRON has built its blockchain to be compatible with many existing blockchains, making it easier to move data between networks and build decentralized applications across multiple blockchains. 3. Low Transaction Fees: TRX tokens are used to pay for transactions on the Tron network, which are currently some of the lowest transaction fees of any major cryptocurrency. 4. Governance Model: TRON’s governance model is based on decentralized autonomous organizations (DAOs), which allows users to vote on decisions regarding the network and its development. 5. Low Barriers to Entry: TRON has low barriers to entry, making it easy for developers to create applications on the network without facing the same technical challenges experienced in developing applications on other blockchains.

Question 12

What are the risks associated with investing in TRX?

Accepted Answer

1. Volatility: TRX is a highly volatile asset and there is a risk of price fluctuations that could lead to losses for investors. 2. Limited Acceptance: TRX is not extensively accepted and may have limited exchange partners potentially limiting its liquidity. 3. Regulatory Risk: With cryptocurrencies still experiencing regulatory uncertainty, there is a risk that current legislation could limit use of TRX or impose new fines or regulations. 4. Technology Risk: TRX is an open source technology which means anyone can modify or create faulty versions leading to more bugs and security concerns. 5. Storage Risk: Storing digital currency can be complex and risky as there is no secure storage solution provided by the developers. If a user loses access to their private keys, the stored funds will be lost forever.

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