Smart Contracts | Sector |
---|---|
2017 | Published |
$32.19B | Market cap |
10th | Market cap rank |
About Tron
What is Tron?
TRON is a first-generation smart contract platform founded by the polarizing Chinese entrepreneur and multimillionaire Justin Sun. The TRON network primarily focuses on decentralized apps in the entertainment sector. However, the network has faced ongoing criticism since its inception for being highly centralized rather than truly decentralized.
Founder | Sun Yuchen (Justin Sun) |
Developer | TRON DAO |
Published | 2017 |
Open source | Yes |
Sector | Smart Contracts |
Key feature | Controversial Marketing |
Blockchain | TRON Blockchain |
Staking | Yes |
Consensus mechanism | Delegated Proof of Stake |
Energy consumption | Low |
Transactions per second | 2,000 TPS |
Social media | 1.71M |
Whitepaper | Whitepaper |
Website | tron.network |
Our Tron rating
Review result
Our opinion
Since its founding in 2017, the founder Justin Sun and his TRON blockchain have repeatedly polarized opinions through aggressive marketing and bold posts on Twitter. The network itself openly admits to operating in a centralized manner. In our opinion, this is a no-go in the crypto space, as it undermines one of the most important characteristics of blockchains: decentralization. Nevertheless, TRON has built a sizable fanbase over the years and has stayed in the spotlight through clever marketing and notable acquisitions, such as the $140 million purchase of the “BitTorrent” platform in 2018. While the TRON network is used by some apps, it is mostly for projects in entertainment and gambling. For us, TRON is fundamentally not a sustainable or long-term investment.
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