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Can TRON Decentralize the Web?: A Guide to Everything You Want to Know About TRON
Tron is the celebrity of the fast-expanding crypto world, becoming one of the top ten coins by capitalization within a year of its launch, signing partnerships in quick succession and moving full-speed ahead as one of the early torchbearers of the Decentralized Web. The ambitious blockchain-based global content-sharing platform is directly challenging the likes of Facebook, YouTube, Netflix and monopolistic incumbents, aiming to transfer power to digital content providers. Tron CEO Justin Sun is a protégé of billionaire Alibaba founder Jack Ma and has half a million Twitter followers. The company has attracted substantial media attention, including for its alleged whitepaper plagiarism and code theft. Will Tron manage to fulfil its mission and prove a direct, formidable competitor to mighty Ethereum? Or will all the hype surrounding the platform drown out the essential message of ‘users controlling their own destinies on the internet’?For now, all clues point to the former. Tron is making the right noises, adding 100 million BitTorrent users to the platform and launching a world-first indie game. A successful MainNet launch with a block height of 3 million in just 109 days and election of 27 Super Representatives notwithstanding, Tron is on a roll. Can TRON Decentralize the Web? A Guide to Everything You Want to Know About TRON traces the revolutionary platform’s path and offers a balanced view into its future potential.
138 pages, Paperback
Published November 17, 2018
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Displaying 1 - 3 of 3 reviews
November 26, 2018
Whatever happened to paper and coin currency?????
Author Dan Johnson achieves the near impossible task of explaining the revolution in ‘money’ exchange that has accompanied the takeover of the globe with the Internet. Economics is entering a new phase of being and Dan takes the time to explain all of those odd sounding names we once thought were just an extension of Marvel Comics. Now, reality has set in and Dan makes it all make sense – more or less…
TRON is a new blockchain-based operating system. And for those of us new to these terms Dan explains it well – ‘Few other new technologies have captured the interest and imagination of people as blockchain. For many, blockchain is instantly relatable to bitcoin, the most easily identifiable digital currency thus far – which in 2017 – rallied 1400%, creating instant millionaires. Blockchain is the technology backbone of bitcoin and most cryptocurrencies. But it is far more than that. It is a revolutionary technology poised to underpin the kind of disruption never seen before, whose implications have already started to reverberate through private industries, governments, communities, and consumers. A basic understanding of how blockchain works, and its merits, is necessary to appreciate the potential impact of the ambitious blockchain project TRON, discussed further on. A blockchain is a distributed, chronologically updated digital record with cryptographic protection. Visualize a chain of blocks where every block contains information, is linked to another block linearly, and shared among a network of participants. This ledger records all the data being transferred between the participants so that each participant on the chain can view the original information. Although all participants can view the record, updates to the record can be made only after a consensus has been reached among a majority of them. Once entered into the record, the data can no longer be deleted. Every blockchain block has a permanent timestamp providing verification and authentication. As each block references the data stored in the previous block, it is near-impossible to alter the data on a blockchain. A blockchain can be programmed to store anything – transactions, physical assets, supply chain data, purchases, warranties, ownership status, and census data, to name a few.’
He proceeds to further explain blockchain – ‘Eight salient characteristics of blockchain: P2P network: Information is constantly being recorded and interchanged between network participants. The greater the number of participants, the stronger the network. Decentralized: No single point of storage and no overarching authority can control the network and advance its agenda. Trust: The identity of participants remains confidential; they can freely deal with one another across a secure network while enjoying anonymity. Security/Immutability: Once each block is cryptographically sealed, it cannot be edited, copied or deleted, ensuring an immutable digital ledger. Open source: Blockchain is an open source software, lowering the barrier to entry, encouraging a strong developer base and strengthening transparency. Transparency: Participants can track and verify transactions on a decentralized public ledger. Anyone can view a complete record of all processed transactions. Ease of use: Blockchain offers strong integration capabilities to drive ease of use. With no middleman in the picture, the flow of information or money is also quicker. Consensus/Proof mechanism: Proof of work is a consensus algorithm used by certain digital currencies. If you want to pay someone through digital coins, ‘miners’ around the world are notified and get about doing the verification, maintaining a record of all transactions and also verifying that you have enough coins to make the payment. This verification process involves solving a set of algorithms and the miners who complete it first share their results with other miners. Once a majority of them confirm that it is correct, the block is cryptographically sealed and added to the blockchain. The winning miners get a few bitcoins as a reward. You and the recipient receive confirmation that the coins have been digitally signed over within ten minutes of initiating the transaction.’
By the end of this book the concept and use of TRON has been explained as well as anyone could. ‘TRON looks unstoppable. It is one of the market’s strongest platform blockchains backed by technology prowess, strong partnerships and a deep sense of social responsibility.’ Take a deep breath, put away all distracting media, and concentrate and it all begins to make sense. We are now in a new world and we should learn about it. Grady Harp, November 18
Author Dan Johnson achieves the near impossible task of explaining the revolution in ‘money’ exchange that has accompanied the takeover of the globe with the Internet. Economics is entering a new phase of being and Dan takes the time to explain all of those odd sounding names we once thought were just an extension of Marvel Comics. Now, reality has set in and Dan makes it all make sense – more or less…
TRON is a new blockchain-based operating system. And for those of us new to these terms Dan explains it well – ‘Few other new technologies have captured the interest and imagination of people as blockchain. For many, blockchain is instantly relatable to bitcoin, the most easily identifiable digital currency thus far – which in 2017 – rallied 1400%, creating instant millionaires. Blockchain is the technology backbone of bitcoin and most cryptocurrencies. But it is far more than that. It is a revolutionary technology poised to underpin the kind of disruption never seen before, whose implications have already started to reverberate through private industries, governments, communities, and consumers. A basic understanding of how blockchain works, and its merits, is necessary to appreciate the potential impact of the ambitious blockchain project TRON, discussed further on. A blockchain is a distributed, chronologically updated digital record with cryptographic protection. Visualize a chain of blocks where every block contains information, is linked to another block linearly, and shared among a network of participants. This ledger records all the data being transferred between the participants so that each participant on the chain can view the original information. Although all participants can view the record, updates to the record can be made only after a consensus has been reached among a majority of them. Once entered into the record, the data can no longer be deleted. Every blockchain block has a permanent timestamp providing verification and authentication. As each block references the data stored in the previous block, it is near-impossible to alter the data on a blockchain. A blockchain can be programmed to store anything – transactions, physical assets, supply chain data, purchases, warranties, ownership status, and census data, to name a few.’
He proceeds to further explain blockchain – ‘Eight salient characteristics of blockchain: P2P network: Information is constantly being recorded and interchanged between network participants. The greater the number of participants, the stronger the network. Decentralized: No single point of storage and no overarching authority can control the network and advance its agenda. Trust: The identity of participants remains confidential; they can freely deal with one another across a secure network while enjoying anonymity. Security/Immutability: Once each block is cryptographically sealed, it cannot be edited, copied or deleted, ensuring an immutable digital ledger. Open source: Blockchain is an open source software, lowering the barrier to entry, encouraging a strong developer base and strengthening transparency. Transparency: Participants can track and verify transactions on a decentralized public ledger. Anyone can view a complete record of all processed transactions. Ease of use: Blockchain offers strong integration capabilities to drive ease of use. With no middleman in the picture, the flow of information or money is also quicker. Consensus/Proof mechanism: Proof of work is a consensus algorithm used by certain digital currencies. If you want to pay someone through digital coins, ‘miners’ around the world are notified and get about doing the verification, maintaining a record of all transactions and also verifying that you have enough coins to make the payment. This verification process involves solving a set of algorithms and the miners who complete it first share their results with other miners. Once a majority of them confirm that it is correct, the block is cryptographically sealed and added to the blockchain. The winning miners get a few bitcoins as a reward. You and the recipient receive confirmation that the coins have been digitally signed over within ten minutes of initiating the transaction.’
By the end of this book the concept and use of TRON has been explained as well as anyone could. ‘TRON looks unstoppable. It is one of the market’s strongest platform blockchains backed by technology prowess, strong partnerships and a deep sense of social responsibility.’ Take a deep breath, put away all distracting media, and concentrate and it all begins to make sense. We are now in a new world and we should learn about it. Grady Harp, November 18
November 27, 2018
Can TRON Decentralize the Web?: A Guide to Everything You Want to Know About TRON by Dan Johnson is a fascinating attempt to explain something that is foreign to most people, the blockchain, cryptocurrency, and decentralizing the Web. You might be asking yourself what these things are, what they mean and what the future of currency is in the world. Johnson attempts to answer these things and more. With fiat money, or rather paper and coin money quickly losing its cache, crypto may be the answer and or solution the world economy is looking for. Tron is considered one of the top crypto currencies and is quickly transforming how many of us look at money and the way the internet works. It takes a while to wrap your brain around some of these concepts, and the book may need to be read over a few times to understand, but overall this is a sound and comprehensive look at a complex and exciting subject.
November 27, 2018
Internet and cryptocurrency
When you hear people talking about blockchain or cryptocurrency do you wonder what that is or how it works? Tron is one of the big cryptocurrencies available and it is quickly changing the way money transactions and the internet work together. This book contains tons of useful information on the subject of the internet and how cryptocurrencies like tron will decentralize the web. This is a great read for anyone who wants a basic idea of how blockchain works and the function of cryptocurrency on the internet. I found this to be useful and interesting information and would recommend this one to anyone looking to further you understanding and education of this new technology.
When you hear people talking about blockchain or cryptocurrency do you wonder what that is or how it works? Tron is one of the big cryptocurrencies available and it is quickly changing the way money transactions and the internet work together. This book contains tons of useful information on the subject of the internet and how cryptocurrencies like tron will decentralize the web. This is a great read for anyone who wants a basic idea of how blockchain works and the function of cryptocurrency on the internet. I found this to be useful and interesting information and would recommend this one to anyone looking to further you understanding and education of this new technology.
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