The TRX network is committed to furthering the decentralization of the internet, through the use of blockchain technology and decentralized apps. In order to eliminate the middleman Tron uses the features of blockchain and peer-to-peer network technology and allows the creators to sell their work directly to consumers. It is an open-source blockchain platform that is used to run smart contracts and used for building decentralized apps. It is similar to Ethereum in function, and until switching to its own blockchain it even started out as a token built.
The main motto behind the development of TRON was to be an innovative solution to the issues of Bitcoin and Ethereum, mainly low transaction throughput times, high transaction fees, and lack of scalability. TRON software supports smart contracts, various kinds of blockchain systems, and decentralized applications. Similar to Bitcoin the cryptocurrency platform uses a transaction model. In a public ledger, the transactions take place, where users can track the operation histories. Thus the platform was created to build decentralized internet and serves as a tool for developers to create dApps acts as an alternative to Ethereum.
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The role of the smart contract is not only defining the penalties and rules around the agreement just like the traditional contract but also automatically enforcing those obligations.
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