And the Exceptional Journey of TRON Foundation Continues…
TRON, the blockchain-based decentralized platform, which is headed by CEO- Justin Sun, was created with a vision of offering fee-less, global digital content for entertainment purposes. It was done with the help of distributed storage technology which made pocket-friendly sharing of the digital content possible. TRON was founded in September 2017 by a Singapore-based non-profit organization called- TRON Foundation. TRON takes a 3-layer structure which is made of- storage layer, the core layer, and application layer.
The company has explored the crypto land in a highly innovative way since its commencement with its hard work, innovation, and groundbreaking ideas. Currently, the company comprises of more than four hundred members hailing from- Beijing, Seoul, Tokyo, San Francisco, etc. The company has two headquarters now. One is in Beijing, and the other one is in San Francisco.
Be it scoring a charity dinner opportunity with Warren Buffett with a vision of expanding the crypto industry further and benefiting all other eminent crypto giants, or the recent launch of Carbon’s (a New York-based fintech firm)- ‘FDIC’ (First Federal Deposit Insurance Corporation), and many such brilliant moves. TRON has never failed to surprise us and has only left crypto space as a better-improved space. Here in this article, we will have a look at the company’s exciting journey by far.
July 2017, the time when the first brick of TRON Foundation was laid-
As mentioned earlier, the TRON Foundation was established in Singapore in July 2017. In the same year during the month of December, the platform launched its open source protocol.
2018, the year of the launch of TRON Odyssey 2.0-
The following year- in 2018, on 31st May, the company released its MainNet, Odyssey 2.0 for TRON. This allowed the users of the platform the power to download and run platform’s mainnet Odyssey 2.0 on their TRON Github page.
March 31st to April 13th was packed with an interesting turn of events-
In March the company launched its TestNet. On 12th April, the CEO of the platform- Justin Sun addressed the TRON community with an open letter on the SR election. The next day the company released the $20 M ‘Project Genesis.’
June 25, marked the Tron Independence Day-
The independence was from Ethereum. Since then, the company came a long way and took the crypto market by storm. TRON became really famous as it made a record of having more than 3 million U.S. Dollars accounts on the network in this year. Another important thing which marks this time as important was when the platform in a joint effort with Justin Sun, donated more than 9 million U.S. Dollars for charity.
The next month in 2018, TRON acquired BitTorrent-
Not only did TRON acquired BitTorrent, but it also launched BitTorrent token too. This made the company the talk of the town due to its bold move. TRON won this acquisition after competing with the who’s who of the industry. This move has proved to be a highly beneficial move for the platform by far. The acquisition allowed all the BitTorrent’s products to get incorporated into the company’s ecosystem.
Announcement about the Super 27 Representatives on August 23rd, 2018-
Soon after the Tron Super Representatives Election, the platform shortlisted 27 candidates, who made it to the ‘Super 27 Representatives list.’ For this position, several candidates competed. Some were strong in community efforts, and some were in corporate entities. This list included names such as- Sesame seed, TeamTronics, Skypeople, TronsTronics, CryptoGirls, CryptoGuyInZA, TRONVIETNAM, TronSpark, JustinSunTron, Tron-Europe, and many more.
It wasn’t a one-time election. As per the Sun, there is an election every six hours. This keeps everyone on toes in order to maintain their votes. Not everyone could handle the pressure of being in the list and therefore dropped off from the list.
The launch of TRON Virtual Machine on 30th August 2018-
The company released the alpha version of Tron Virtual Machine (TVM) on this day. The purpose of this virtual machine was to support the developers all around the world with a custom constructed blockchain system. The aim was to make the process easy, comfortable, solid, productive, time-saving, and safe for the developers.
October 2018, saw the establishment of TRON’s ‘DappHouse’-
In this month the company set up an application store called the ‘DappHouse.’ It is basically a collection of several decentralized applications. The store is not an ordinary store. Along with offering dApps, it also allows anybody to submit one’s own dApp which is built on TRON Blockchain.
January 2019-
Right from the beginning of this year, the company has been in its famous momentum of getting into newer things. On 17th, the company hosted niTROn Summit 2019, in San Francisco. This summit discussed innovations, possibilities, and other peer-to-peer technology of the blockchain industry.
On Jan 28th, TRON-based BitTorrent token- BTT was in public token sale on the Binance’s Launchpad platform. Within 15 to 18 minutes, the sale mustered 7.1 million U.S. Dollars with a sale of 50 billion BTT tokens.
March 28th, 2019-
After acquiring BitTorrent, the platform now went ahead to acquire the first ever blockchain app store called- CoinPlay. The recent upgrade of the MainNet to v. 3.5 and the acquisition of the CoinPlay only allowed the platform to cater in a much efficient way to the blockchain industry.
Charity Lunch with Buffett on July 25th, 2019-
Justin Sun paid a whopping $4.57 million to have lunch with billionaire chairman of Berkshire Hathaway Inc. Warren Buffett. Buffett’s first wife Susan introduced him to the Glide Foundation and the proceeds of the luncheon hosted by Warren Buffett will go towards bettering the lives of the homeless in San Fransisco. In his own words, Sun sees this as a “win for the entire blockchain community.”
June 11th marked the launch of the Sun Network Testnet-
The Sun Network involves scaling projects such as DAppChain and cross-chain communications. The dAppChain is a side chain which especially focuses on TRON’s smart contracts, which will consume low energy, offer great security and proficiency, giving TRON an unlimited scaling capacity for its MainNet.
