The Tron community is intensely appealing to Coinbase to list TRX on the Coinbase Custody, assets, and securities list. However, Tron needs acceptance from Coinbase Custody to be accepted onto the Coinbase Exchange. The reason Tron is attractive to investors is that there are no transaction fees.
Tron had an explosive ICO that resulted in a high market cap. People are passionate about the potential of the Tron Virtual Machine and a decentralized Internet. With this sort of attention, Tron will attract Coinbase as it explores new assets. Coinbase Custody is considering Tron as an asset for its portfolio. Therefore, it’s just a matter of time, of legislation, and interest.
Tron Coinbase Custody
In 2017, Justin Sun, a Chinese entrepreneur, founded Tron. Tron Foundation is a non-profit organization that manages everything Tron and BitTorrent. The Tron Foundation used an initial coin offering (ICO) to raise $70 million by offering its token, the Tronix (TRX) altcoin. In two years, Tron’s market cap reached over $1.6 billion. Tron’s blockchain is effectively a virtual machine. In 2018, Tron moved to its own blockchain.
The Decentralized Internet
The goal of Tron was to create a more secure decentralized Internet. The Tron Foundation bought BitTorrent and implemented its blockchain protocol into the Tron Protocol. BitTorrent is one of the Internet’s earliest file-sharing peer-to-peer protocols. The coin isn’t immune to controversy.
Tron Could Replace YouTube
Tron’s protocol distributes resources among all TRX token holders with programs executed across global decentralized nodes. It offers all of the tools to safely, securely, and affordably run an online media entertainment platform.
Tron Could Run Coinbase
Imagine if content-creators could bypass the restrictions that video-sharing sites like YouTube impose on your users. Tron is designed to make it easy for users to share media cheaply without censorship. Tron prevents totalitarian governments from blocking citizens from watching videos by distributing them across millions of nodes around the world. Media platforms built on Tron can’t be restricted at all. Thus, anti-freedom governments cannot shut down or block Tron media.
Tron democratizes online media sharing. Its goal is to connect content creators to content consumers by removing the middleman. Like Napster from back in 2001, Tron allows all the computers on the Internet to act as nodes for content-sharing. Each node servicing an application would provide decentralized storage for the shared media content. Tron’s high performance compares favorably to payment processors like PayPal.
While most people only consider the coins that come from mining crypto, the backbone of cryptocurrency is blockchain technology. Applications and services can run on the blockchain digital ledger. Tron is designed explicitly to host blockchain as a service. The decentralized nature of cryptocurrency enables cutting edge platforms like Tron to democratize the creation and sharing of online content and media. You no longer need to raise millions of dollars to fund the next YouTube, Hulu, of Amazon Prime Video. You also no longer need to pay for the hosting or the bandwidth on your own when using Tron as the backbone for running the next media empire.