Tron: A Project on a Mission to Decentralize the Internet

Tron was created in 2017 with the central aim of decentralising the web. Five years later, the project is still laser-focused on achieving this goal.

The idea is to give users power on the web rather than having a central authority dictating how the web is used. In December 2021, the project changed from being a foundation to a  community-governed Decentralized Autonomous Organization (DAO), an organisation now dedicated to accelerating the decentralisation of the internet via blockchain technology and decentralised applications (dApps).

There are four levels at which Tron intends to implement its decentralisation plan, which includes the protocol, nodes, assets, and dApps. 

Decentralisation of the Protocol

At the protocol level, Tron wants to make it easy for content creators to share content on the web without limitations. Its Delegated Proof-of-Stake (DPoS) consensus mechanism ensures that only delegated actors can verify and approve transactions, making securing the network more reliable than in a Proof-of-Stake consensus.

The network users can delegate those who play this role of securing the network and then delegate their staked assets to get rewarded for it. This consensus mechanism has proven to be one of the most efficient consensus algorithms available. It consumes less energy and completes transactions faster than PoW (Proof-of-Work) or traditional PoS systems. 

The Tron community elects 27 block validators to serve as “Super Representatives” (SRs) in the ecosystem every six hours. All the  SRs have equal voting power on the network, ensuring that the governing percentage is balanced for every SR.

Decentralisation of Nodes

Nodes are the computers or their users that verify and confirm transactions on the network. Tron’s nodes are geographically distributed to reflect the diversity, making it more secure and durable.

Decentralisation of Assets

Tron’s distribution of native assets and their availability also reflects its decentralisation. The number of Tron wallet users has increased 134% in one year, from about 26 million in July 2021 to over 61 million by July 2022. This translates into more popularity and a user base for the wallet, further increasing the network’s decentralisation. There are over 100 million registered users, and the number keeps growing.

Decentralisation of dApps

Tron also cares about the number of dApps, smart contracts, and users, as this also impacts the network’s decentralisation. The project provides an opportunity for budding entrepreneurs and their ideas to grow the TRON network through The TRON Grand Hackathon. Different projects were submitted, adding to the network’s decentralisation.

You can learn more about Tron’s decentralisation by reading the “A Deep Dive Into Decentralization” report on https://trondao.org/blog/.

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