What is so special about TRON?
Quppy Wallet has integrated the Tron currency providing the full range of services with TRX
The TRON Network is, according to many Blockchain specialists and adepts, the successor to the Ethereum Network. In fact, it was based on a blockchain built on the Ethereum platform with the intention of focusing on the global gaming and entertainment industry. On June 25, 2018, TRON switched to its own blockchain. The Tron founder, Justin Sun, called this date the Tron Independence Day. However, there were suspicions that the Tron code was plagiarized from other sources, one of which is Ethereum. Given these controversies, is TRON really “absorbing” Ethereum?
Initially, most of the TRX tokens were based on the ERC20 technology. Capitalization is more than 66 billion. The total supply is almost 100 billion units. The Tron network has over 1 million registered users and processes 2000 transactions per second.
TRON aims to build a global distributed storage free entertainment system. The data will be stored in fragments, in a network created by miners, but in fact decentralizing the Internet. It is a self-sufficient economy where everyone provides some disk space to the network as a reward for the TRX cryptocurrency, while TRX is used by the user for entertainment.
Therefore, TRON has a unique feature. While most cryptocurrencies want to replace regular money, TRON is focused on the gaming and entertainment industry.
Thus, Tron is a decentralized entertainment platform that uses blockchain and P2P technology. You can imagine that this is a new generation of social media where you can create and share content with anyone around the world. Tronix is the basic unit of accounts on the Tron blockchain. this is the currency with which you pay for entertainment content created for you (its ticker name will often appear in the article: TRX).
Using the Tron cryptocurrency ecosystem, you can not only share content with other people, but also receive material compensation for the created materials as a content creator. This model is the opposite of how traditional social media platforms like Facebook work: in contrast, Tron monetizes user information, while other platforms often do it without the knowledge of the user for their own benefit. If you use the Tron cryptocurrency, YOU are in control of your content and YOU will earn income for YOUR creativity and implementation.
TRX has already partnered with the largest bike rental company in Southeast Asia, oBike. Based in Singapore, oBike has launched its own coin, oCoin. In January of this year, the oBike token was launched on the Tron network. oCoins can be used in real life: they can be used to buy rides on the oBike platform. The company allows users to earn oCoin by rewarding them for choosing their company.
Other major partners include Bitmain, the leading manufacturer of ASIC chips that are used to mine Bitcoin. Antminer S9 by Bitmain is one of the most requested products in the Bitcoin mining community.
TRON has partnered with e-commerce service provider shopping.io. Store operators using the platform can now offer TRX as a payment method. This means that TRON is becoming more and more popular in real world applications.
Zag-S&W, another partner of Tron, is a leading international law firm that focuses on commercial and corporate law. This is a promising addition as the firm is listed on the Legal 500, an extended network of some of the largest companies in the world. This partnership will provide the company with comprehensive protection and support in terms of digital asset transactions, operations, risk management and legal adaptation to various jurisdictions. As Tronix is listed on a growing number of exchanges, the need for legitimate support only increases. This partnership is a great strategic move that comes as no surprise given the non-profit behind Tron.
The Tron Foundation is a non-profit organization based in Singapore, the “industrial powerhouse” throughout Southeast Asia. The Foundation participates in the functioning of the Tron crypto network on the principles of openness, honesty and transparency, supporting the Tron development team.
The team behind the Tron Foundation believes that regulation and compliance with current regulations are the most important values. They have the consent of the Companies Registry of Singapore (Accounting and Corporate Regulations under the Ministry of Finance) and are supervised by the Law Company of Singapore.
The Quppy Team has integrated the Tron currency into the Quppy Wallet application to provide the whole range of its services with digital currencies as far as with euros, British pounds, and dollars. This means that all Quppy Wallet users can now buy, sell and exchange TRX using the Quppy multicurrency IBAN account directly.