Here Is What The Tron (TRX) Acquisition of BlockChain.Org Means

LAW SIDE – DOWNLOAD THIS POST AS PDF

On 10 August the Tron foundation (TRX) confirmed that it successfully completed the acquisition of the BlockChain.Org domain name. Justin Sun intends to use the site / platform as a single aggregated data and search engine platform. The announcement went on to say the following about the future of the platform:

"It will be a platform that offers big data analysis, project evaluation, search for information and other services for users in the blockchain field. others in the industry to participate and build a platform to help the growth of the blockchain industry. "

Disseminating these words, we discover that the Tron Foundation wants to create a search engine entirely oriented to the improvement of the blockchain sector. It is not yet known whether the platform will be based on blockchain or whether it will use similar search engine protocols found in Google, Bing and others.

The Tron Foundation, through BlockChain.Org, aims to observe and track all information in social media, the general web and other existing search engines, which are linked to the blockchain. Due to the fact that it is a huge amount of data, BlockChain.Org will be created to respond quickly to requests thanks to the back-end capability to process all the information collected in real time and quickly. This information will include plain text, video, pdf and other structured data.

Traditional search engines such as Google use proprietary algorithms to search, index, and rank websites based on relevance. Use factors such as the age of the website, the frequency of certain keywords and the external websites that link to it, to determine the degree of a site.

Judging from the fact that the domain name for the new Tron platform ends with ". Org" means that it will be executed non-profit by the Tron Foundation. This is really important because more attention will be paid to developing a better product for online users rather than generated profits. This, then, adds to the visibility of the Tron project, in addition to TRX and to further extinguish FUD against Justin Sun.

To exchange cryptocurrencies, sign up with Binance!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Source link