Tron is a decentralized blockchain-based framework designed for development of an open, universal, distributed storage information entertainment network that enables fast and cost-effective digital content sharing. At its core, the Tron is a smart contracting network with high performance, high scalability and a high degree of flexibility in the TRON environment for decentralized applications. The blockchain of Tron is built on Tronix (TRX) usability.
Tron was created by a non-profit organization, the Tron Foundation, based in Singapore in September 2017. The effort is led by CEO Justin Sun and has a committed in-house squad of technology stalwarts.
In 2018 the tron fund was purchased as a peer-to – peer networking leader by BitTorrent, the non-profit driving force for its growth. The purchase was accompanied by the introduction in 2019 of a BitTorrent coin on Tron, a development that gave Tron the potential of millions of current customers to sell a new cryptocurrency.
Tron uses an account structure that allows its protocol issues to manage access to both TRX and TRX token accounts by using cryptographic keys which are comparable to how ETH works. The Tron blockchain then routes this data sharing across three layers: (1) Core Layer, Computing the instructions written in Java or Solidity (Ethereum language) and submitting them to a virtual machine Tron, running the code, (2) Application Layer which used by developers to create software compatible and TRX-powered wallets and applications, and (3) Storage Layer that is designed for blockchain segment data (blockchain history records) and state data (which retains intelligent contract status).