TRON was founded by Justin Sun in 2017.[1] The TRON Foundation was established in July 2017 in Singapore. The TRON Foundation raised $70 million in 2017 through an initial coin offering shortly before China outlawed the digital tokens.[2] The testnet, Blockchain Explorer, and Web Wallet were all launched by March 2018. TRON Mainnet launched shortly afterward in May 2018, marking the Odyssey 2.0 release as a technical milestone for TRON.
TRON adopts a 3-layer architecture divided into storage layer, core layer, and application layer. The TRON protocol adheres to Google protocol buffers, which intrinsically supports multi-language extension.[citation needed] The TRON protocol, maintained primarily by the TRON Foundation, distributes computing resources equally among TRX holders with internal pricing mechanisms such as bandwidth and energy.[18] TRON provides a decentralized virtual machine, which can execute a program using an international network of public nodes. The network has zero transaction fees and conducts approximately 2,000 transactions per second.
In January 2018, via a Tweet, Juan Benet, the CEO at Protocol Labs, revealed that the white paper of TRON copied portions of the white papers from IPFSbot and MineFilecoin, without a single reference.[23] Researchers from Digital Asset Research (DAR) discovered multiple instances of code copied from other projects in the Tron code base. It is also accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the project does not mention that its client was derived from EthereumJ, a Java implementation of Ethereum. These accusations were denied by the TRON Foundation, the organization behind the design of the system.
Born: 30 July 1990 (age 34 years), Xining, China
Justin Sun (Chinese: 孙宇晨; pinyin: Sūn Yǔchén; born July 30, 1990) is a Chinese-born cryptocurrency entrepreneur and business executive. He is the founder of TRON, a cryptocurrency with an associated blockchain DAO ecosystem and USDD, a stablecoin issued by TRON DAO Reserve.[1][2][3] Sun is also the owner of Rainberry (formerly Bitorrent Inc.), which developed the BitTorrent protocol and under Sun's leadership developed the BTT cryptocurrency token. Sun also owns the crypto exchange Poloniex, and is affiliated with the crypto exchange HTX (formerly Huobi).