Welcome to my documentary: “Knowing Cryptos”
Then, let's learn a little about the history of TRON.
TRON has just over 100 billion tokens — and at the time of writing this article, around 71.6 billion of these tokens are in circulation. But how, is it decreasing?
I will explain this throughout this video/article.
Tron was founded by Justin Sun in 2017. When it was created, the TRON cryptocurrency raised an amount totaling US$70 million at its founding.
And Who is Justin Sun?
Justin Sun
According to Forbes, aged 27 at the time, he was considered one of the 30 biggest millionaires in China. He was the chief representative of Ripple and founder of the Peiwo mobile application, competing with the Israeli Weise for the market. Both location apps.
Well, you can already understand that Justin Sun is intelligent and bold.
When Tron was created it used the Ethereum network. That was when the Etherium network opened its doors to decentralized applications, Dapps. But after a year, TRON already created his own blockchain and acquired Bittorrent, one of the largest content transfer and storage networks.
TRON & Etherium - When TRON was created
In fact, TRON aims to facilitate the relationship between content creators and consumers, without resorting to intermediaries, such as Youtube, TikTok, Facebook and others who have the power to choose who will participate, how they will pay and what will be broadcast and disseminated.
The great paradigm of the Tron cryptocurrency is that it works completely differently from Bitcoin and others that allow its mining and consequently an increase in the production of its own coins.
Tron draws a contrary line. Tron crypto cannot be mined and consequently cannot produce other Tron coins. Trom has a limited amount of coins. Which decreases daily.
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