TRON Announces Blockchain Gaming Fund, Expects $100 Million

TRON, the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term platform that was developed using Ethereum and then announced itself a competitor, has opened a new investment fund - this time for video games.

TRON Arcade

The fund is called TRON Arcade, and its owners plan for it to receive $100 million over the next three years, according to CoinTelegraph. Reportedly, the aim of the fund is to "empower developers".

CEO Justin Sun said: "TRON strives to tackle existing issues faced by the gaming industry by leveraging the open, transparent, and immutability of blockchain technology. TRON Arcade will play a crucial role in encouraging developers to join in our mission and provide the best blockchain gaming experience to users around the world."

Usurper

TRON is a "global broadcast platform" developed on the Ethereum blockchain by Chinese national Justin Sun, who once worked as the chief representative of Ripple in China. TRON raised $70 million in its ICO, despite the fact that large sections of the TRON whitepaper had been copied from other projects. Sun has been very vocal about TRON's superiority to Ethereum, and did not miss the opportunity afforded by the recent market downturn to stick the boot in:

In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term. $TRX

— Justin Sun (@justinsuntron) November 26, 2018

It moved to its own blockchain in June, an occasion that it dubbed "Independence Day".

It differs from Ethereum in that it uses a delegated proof of stake consensus system, that is, that transactions are verified by a small number of nodes which are voted into that position by users. Justin Sun put himself up for election for one of these positions.

The TRON token (TRX) has a market capitalisation of $1.04 billion according to coinmarketcap.com and $1.5 billion according to its own website, where TRON also claims to be handling 2,000 transactions per second (a statistic prominently displayed next to Ethereum's 25 tps).

In June, the token was accepted onto Indonesia's biggest cryptocurrency exchange, Indodax.

Partnerships and acquisitions

In June, TRON purchased file-sharing platform BitTorrent for a reported $126 million, hoping to benefit from the site's estimated 100 million users. The BitTorrent office was moved to TRON's premises in San Francisco, and Sun said that he intends to improve BitTorrent by financially rewarding users that allow others to download files. According to its LinkedIn page, Sun intends a hiring spree.

In August, employees of BitTorrent reported a negative turn in the working environment, with several members of senior management resigning or being fired. One of the departures was the creator of BitTorrent, Bram Cohen.

Interestingly, BitTorrent was also elected to be a representative node.

Our team just got elected as one of the 27 #TRON Super Representatives! We are looking forward to playing our role in the network stability and reliability. Thanks for your support! @tronfoundation @justinsuntron $TRX pic.twitter.com/2v9qLubR7y

— BitTorrent Inc. (@BitTorrent) August 14, 2018

In October, Tron confirmed the signing of a partnership with Baidu, China's answer to Google. Reportedly, the terms of the deal concern a "basic cloud business", with the two entities using Baidu Cloud to develop blockchain products. This is a massive coup for TRON, because Baidu is an enormous company. It announced back in June that it was beginning a "blockchain transformation" with its own "super chain".

In November, Tron launched an accelerator programme that will provide support for blockchain startups. It opened with a development competition, promising $1 million in prizes for the winners, who are to be announced at its first international conference (niTROn) in San Fransisco in January.

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