Tronscan-TRX-Browser

TRON bySun YuchenFounded in 2017. ^[1] TRON Foundation was launched in July 2017 inSingaporeEstablished. Shortly before China outlawed digital tokens, the TRON Foundation passed a law in 2017Initial Token OfferingRaised $70 million.^[2]TestingnetworkBoth the Blockchain Browser and Web Wallet were launched in March 2018. The Wavefield mainnet was launched in May 2018, marking the Odyssey 2.0 release as a Wavefield technology milestone. in June 2018, TRON moved its protocol from Ether-on-Ethernet toERC – 20Token conversion to standaloneThe peer-to-peerNetwork.^[3]On July 25, 2018, the Wavefield Foundation announced that it has completed its evaluation of the peer-to-peerFile SharingServicesBitTorrent's acquisition.^[4]With this, TRON creates Genesis blocks bydeclared independence and acquired BitTorrent in July 2018. following this acquisition, in August 2018, BitTorrent's founderBram Cohenalso revealed that he would be leaving the company to createChia, which is an alternative to Bitcoin and is intended to be a less energy-intensive cryptocurrency.^[5]

TRON's total market capitalization will be approximately $1.6 billion by January 2019.^[6]Despite this market performance, some authors see TRON as a classic case of the complex and disorderly nature of cryptocurrencies.^[7] [8] In February 2019, BitTorrent began its own token sales based on the Wavefield network after it was acquired by the Wavefield Foundation.^[9] [10]

Architecture

TRON uses a three-tier architecture, divided intoStorage LayerThe core andApplication LayerThe TRON protocol followsGoogle Protocol BuffersIt inherently supports multilingual extensions.^{[Need to cite]}

The TRON protocol is primarily maintained by the TRON Foundation and distributes computing resources equally among TRX holders through internal pricing mechanisms such as bandwidth and energy.^[11] TRON provides a decentralized virtual machine that can execute programs using an international network of public nodes. The network has zero transaction fees and performs approximately 2,000 transactions per second.^{[12] [Need for non-primary sources]}

The TRON implementation requires a minimum transaction fee to prevent malicious users from performing DDoS attacks for free. In this regard, theEOS.IOVery similar to TRON, it is considered as the next generation blockchain system because of negligible fees, high transactions per second and high reliability.^[13] Michael Borkowski, Marten Sigwart, Philipp Frauenthaler, Taneli Hukkinen, and Stefan Schulte define TRON asEtherCloning, there is no fundamental difference.^[14] The transaction rate per second on the Tron blockchain has been questioned because it is far below its theoretical requirements.^[15]

Criticism

In January 2018, Juan Benet, CEO of Protocol Labs, revealed via a tweet that Wavefield's whitepaper copied parts of IPFSbot and MineFilecoin's whitepaper without any reference.^[16] [17] The text in the TRON white paper is not reproduced verbatim, but the actual vocabulary, content and structure of the paper looks very similar to the document prepared by Protocol Labs.^[17]Researchers at Digital Asset Research (DAR) have found multiple instances of code copied from other projects in the Tron code base. It was also accused of violating the GNU Lesser General Public License v3.0 (LGPL), as the project does not mention that its client is derived from EthereumJ, which is aJavaRealizationEther. The TRON Foundation, the organization behind the system's design, has denied the allegations.^[18]

May 2019, Cybersecurity Testing ServicesHackerOnedivulge^[19]Just one computer could bring TRON's entire blockchain to a halt.^[20]The revelation shows that a sequence of requests sent by a single PC can be used to squeeze the capacity of the blockchain CPU, overload memory, and executeDistributed Denial of Service(DDoS) attacks.^[21]

June 13, 2022, Tron's Algorithmic Stable CoinUSDDIt lost its peg to the U.S. dollar and traded at $0.96/$ for about a month.^[22]