A warm welcome from BTSE HQ as we are pleased to bring you the news that Tron is the latest Top 20 cryptocurrency by market cap to be listed on the BTSE Exchange.
This development is yet another step forward as we look to bring our loyal users even more options when it comes to your trading experience.
What Is Tron?
For those not familiar with this particular cryptocurrency and the ideas behind it, Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system. Its objective is to use its distributed storage technology to facilitate the smooth and cost-effective sharing of digital content.
Tron and the Tron Foundation are headed up by its young and very visible founder, Justin Sun. The extremely media-savvy Sun is adept at keeping Tron’s name in the industry headlines, which doesn’t always go down well with everybody, but has helped build up a loyal online following for both Sun and Tron.
What Exactly Does Tron Do?
Tron uses blockchain and peer-to-peer (P2P) technology to bridge the gap between content creators and content consumers. The primary way it attempts to do this is by eliminating the middleman that usually comes between them. The successful taking out of the middleman should lead to a win-win for both producers and consumers as it will drive down costs.
In some ways, it could be said that Tron would like to become the decentralized, blockchain-based equivalent of Netflix by allowing everyone and anyone to host digital content on its platform.
The success of Tron’s decentralized entertainment platform would be the point at which the Tron token (sometimes referred to as Tronix) could come into its own as a method of payment for content on there.
So, there you have the lowdown on this exciting addition to the BTSE Exchange stable. Tron will be fully tradable against all other assets on the BTSE Exchange, giving you even more options when it comes to what could be that all-important next move.
As always, if you have any questions about Tron or any other BTSE related topic, feel free to reach out to us via the social media channel links listed below.
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