17 Dec, 2021

How Tron works

Tron aims to make it easier to distribute files, images, videos and other entertainment content in a decentralized way, without media tech giants such as Netflix and YouTube in the middle.To accomplish that goal, Tron borrows some of its technology from Ethereum. Similar to the popular cryptocurrency ethereum, Tron uses a virtual machine known as the “Tron Virtual Machine,” or TVM. A virtual machine is a program that allows network contributors (called nodes) to execute Tron-based smart contracts. Smart contracts are self-executing computer codes that perform certain functions when predefined conditions are met. For example, if Bob sends 1 ETH to a certain wallet, a smart contract triggers and sends him a loan for 2 ETH.Tron is secured by delegated proof-of-stake, a consensus mechanism where token holders deposit an amount of TRX into a wallet and elect a delegate to validate transactions on the blockchain on their behalf. With Tron, a rotating group of 27 delegates called “super representatives” are swapped out every six hours to validate new transaction data and add it to the blockchain.