Review on TRON by William Boaz

Name: TRON
Item: TRON
Rating: 5

June 17, 2019

Tron network Review

The TRON cryptocurrency is a very ambitious project that is very dedicated towards establishing a truly decentralized internet and online infrastructure. The main goal is to remove any need for a middle man in the entertainment-based businesses and bring the users directly to the content creators. 
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With the use of the TRON protocol, they can deliver content directly to the audience and get paid for it. This is the vision of Tron, a vision of a streamlined entertainment industry with the help of decentralized blockchain technology. 
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The total maximum supply of the native TRX coin is 100 billion. Yes, billions. Currently there are roughly 66 billion Tron coins in circulation, out of which, about 33 billion are frozen until 1st January 2021. The maximum supply is expected to be hit within 2 years.
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The TRON cryptocurrency and project in general faced a lot of criticism for plagiarism in early 2018 because in their whitepaper an open source code from Filecoin and iFPS with no citation was featured. CEO Justin Sun has responded to that allegation that it was just a mistake made by volunteer translations. 
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The TRON blockchain is a decentralized peer-to-peer network using the Delegated Proof of Stake consensus protocol with Elected Super Representative (SR) that takes on important roles like block generation and transaction packing. They get rewarded with TRX for each block.
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Pros

High Throughput – due to the fast transaction times, the daily use of the coin has exceeded what Bitcoin or Ethereum could achieve
High Scalability – applications are given a wide array of ways they can be developed and deployed on the network. They can handle a large amount of users and have a reliable structure

Cons

Tron has a great market cap, there is no product offered that can verify that value.
Humongous supply – this was made in order to keep the coin price low and support the wide adoption of the project, but this has a backwards effect as well. A lot of users are not comfortable with such high supplies and low prices, on top of the already mentioned lack of product.