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– TRON BlockChain / Tron Trx –
– Selling on DAN.com –
TRON is a Blockchain-based decentralized operating system based on a cryptocurrency native to the system, known as TRX.
TRON was founded by Chinese entrepreneur Justin Sun in 2017. TRON Foundation raised $70 million in 2017 through an Initial coin offering shortly before China outlawed the digital tokens.
Since then, the organization has been beset by allegations of plagiarism. The white paper of TRON was widely accused of plagiarism. Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron code base. It is also accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the project does not mention that its client, Java-Tron, was derived from EthereumJ, which is one of the first Ethereum libraries. Such accusations were denied by the TRON Foundation, the organization behind the design of the system.
In 2018, TRON switched its protocol from a ERC-20 token on top of Ethereum to an independent peer-to-peer network. After that, marketed to rival Ethereum, TRON boomed in market capitalisation during the early part of 2018, becoming a top 10 cryptocurrency. On 25 July 2018, the TRON Foundation announced it had finished the acquisition of Bittorrent, the biggest peer-to-peer file sharing network. Upon this acquisition, in August 2018, BitTorrent Founder Bram Cohen also disclosed that he was leaving the company to found Chia, an alternative to bitcoin created to be a less energy-intensive cryptocurrency.
By January 2019, TRON had a total market cap of about $1.6 billion. Despite this market performance, some authors viewed TRON as a typical case of the complex and disordered nature of cryptocurrencies. In February 2019, after being acquired by Tron Foundation, BitTorrent started its own token sale based on the TRON network. The internet community responded in a polarized way, many industry analysts including former staff from Tron Foundation, believe, it unlikely that Tron could execute transactions at the rate needed to make a tokenized BitTorrent work.
In May, 2019, the cyber-security testing service HackerOne revealed that just one computer could have brought TRON’s entire blockchain to a halt. The revelation showed that a barrage of requests sent by a single PC could be used to squeeze the power of the blockchain’s CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack. After cancellation of a dramatic charity lunch with Warren Buffett in July 2019, TRON’s fate started to become more obscure since the founder and the organization behind it suffered more public embarrassment.