Tron (TRX) is not only one of the most famous blockchains in the crypto universe. He is also a valiant defender of decentralization. First of all, know that the Internet has already evolved into Web2 since the 2000s. Many aggregators and intermediaries manage to find niches there. Their goal is to make as much profit as possible from it. Intermediaries are the key to Web2. Experts in economics talk about “ search for a constant annuity ». Decentralization, Web3, the future of digital, here’s everything you need to know about these topics.
Tron (TRX): a blockchain at the service of decentralization
The upheaval induced by the arrival of cryptocurrencies such as Tron (TRX), Bitcoin (BTC) or Ethereum (ETH) is wider than it seems. The Internet cannot keep its current version, while systems around the world are discovering the advantages of decentralization. This is where the Web3 makes perfect sense.
There decentralization is one of the predominant concepts when approaching the topic of cryptocurrencies. It refers to a system that is not subject to any control or regulation, and that does not have a single physical infrastructure.
Web3 is the future of the Internet. The core of its operation is based on decentralization. This is a complex transformation, but one that more and more companies want to lead. The Tron blockchain (TRX) is an interesting example of this. Founded in September 2017, it has experienced a particularly rapid development. As of July 2018, this project has been integrated with BitTorrent, a pioneer of decentralized Web3 services. It has thus gained popularity, with nearly 100 million active users on its blockchain, not to mention its 3.4 billion transactions. In particular, it hosts the largest offer of stablecoins in circulation around the world. In April 2021, the Tron (TRX) blockchain was used more for Tether (USDT) than that of Ethereum (ETH). Combining technology and governance to optimize its decentralization is its strength. Tron (TRX) is thus considered the vanguard of the Web3.
The blockchain gives power to users!
Some detractors tend to point out that 2022 is the most expensive year for the Web3, with a cybercrime rate that has exploded. However, this is only a need to adjust the audit processes of the smart contracts, and not from a major flaw in the very concept of Web3. The decentralization of systems is launched, and the future is to be written.
Since December 2021, the Tron blockchain has completed its complete decentralization. It has thus officially become a purely community-based decentralized autonomous organization (DAO). As such, additional authority is delegated to 27 “super representatives”. Their role will be to ensure the verification and protection of all transaction data broadcast on the network. Users are invited to participate in the election of these 27 representatives.
Thus, their contribution no longer stops at the development of the blockchain. Users are assigned privileged access to the governance of it. This precisely marks the aspiration of decentralization: to return power to the users.
Receive a digest of the news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss anything essential Cointribune!
Founded by Marc-Antoine CAEN POLETTI in 2021, Alt Write SEO is a content writing agency specializing in cryptocurrency, blockchain and NFTs. It finds its roots in 2016 with the French Cryptocurrency Club, of which Marc-Antoine is the current president. Our mission is to support French-speaking crypto companies to make France the first crypto nation in the world.
