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XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found
XRP Price Prediction: Will XRP Break $0.35 Resistance? No Silver Lining in the Cloud Is Found

TRON News - Tron DApp Aims to Kill Amazon, Releasing BOOK Project Network

  • Yuri Molchan
    📰 News

    Tron-based app intends to take a step towards decentralizing online book sales, as well as offer users a mineable WRT token on the PoW protocol

Tron DApp Aims to Kill Amazon, Releasing BOOK Project Network
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Contents

As Justin Sun stated many times before, Tron plans to decentralize the Internet, allowing content producers avoid centralized giants, like YouTube and Google, in order to monetize their work. Companies that build their apps on Tron share these ideas. The new Tron-powered BOOK project intends to help fiction and nonfiction authors monetize their work, avoiding Amazon and similar companies.

Book market of the future

In the near future, the BOOK project intends to launch a testnet titled Dummy Book Network. It is going to be powered by a WRT token. The trials on the net will allow the dev team to improve the network and eliminate any bugs that may emerge in the process.

In the future, the implementation of this operational scheme will allow authors to do without websites, like Amazon, that charge huge fees, and keep all their royalties. Authors will be able to set up the price for their books that they believe is fair. The price will depend on books content.

At the same time, book buyers will be able to purchase books in a faster and easier manner. Besides, it will enable them to earn WRT tokens for leaving reviews for the books they have bought and read.

The project is going to work on a Proof-of-Work consensus mechanism with a SHA-256 algorithm.

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How it works

The major token (exchange-traded one) for making purchases will be WRT. However, readers will also be able to buy books with crypto such as BTC, TRX, ETH, ADA, XRP, etc. As per the bold plan, authors will receive 100 percent of the books price.

All users of the Book network will have accounts – authors and customers. The accounts will be protected by a 2-factor authentication.

The mechanism is to work in the following way – a reader chooses a book. Then he/she buys WRT tokens on an exchange and sends them to an author’s wallet directly. After the author receives an email as a proof of purchase, he sends the book to the buyer. Apart from the book, the buyer gets 100 points for the purchase, which is equal to 0.001 WRT, thus earning extra tokens for future purchases on the network.

First, customers will be offered either a PDF format or an E-Book. Later, as the network becomes popular, audio books will also be for sale there.

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The WRT dApp

The WRT dApp will be similar to Google Books in many ways, except it will be decentralized. The app will allow authors check their sales on the network and safely withdraw their royalties in WRT coins.

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TRON News - Six Employees from Facebook, Netflix, Apple, etc, That Switched to Jobs in Crypto

  • Yuri Molchan
    ⭐ Features

    A recent trend shows that the crypto industry is luring high-performers, not only from top banks but from centralized IT-behemoths, too

Six Employees from Facebook, Netflix, Apple, etc, That Switched to Jobs in Crypto
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Contents

A co-founder of AngelList wrote back in spring that the blockchain industry is drawing top-notch pros from Silicon Valley quicker than any other innovative sphere since Internet appeared.

This has been true even despite the hard bearish sentiment that has been dominating the market throughout the year. Among those who decided to dump their secure life working for global IT-giants are those who used to hold high positions at the FANGs: Facebook, Amazon, Netflix and Google. These people have ventured supporting blockchain and crypto startups with their time and effort. Let us see who they are and where exactly they went to, dropping their previous secure and highly paid positions.

Kahina van Dyke

Left Facebook, went off to Ripple

Before Kahina van Dyke got the position of a senior vice president for business and development at Ripple, she had a few impressive jobs on her CV that any high-performer can envy: Facebook, Menlo Park, Citibank and Mastercard. But since quite many people in the crypto industry consider Ripple to be a centralized platform, which in addition aims to work with top banks to help them conduct payments with XRP globally, one may say that Kahina van Dyke has chosen a job along more or less the same lines — she just went to a different company.

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Van Dyke set off to Ripple in June, saying she believes that the platform has the potential to help banks and ordinary users get rid of the hindrances that make transnational payments extremely slow and expensive.

Leo Chen

Ditched Amazon, joined Harmony

Chen used to be part of the team at Amazon Web Services (AWS), the cloud division of the online retail giant, and joined Harmony. This is a consensus platform that keeps working on its development and aims at quite high results in the industry overall.

His interest in crypto began back in 2012, when he invested in Bitcoin, making some good profit and then got interested in Ethereum. Chen admits that working for Amazon, he learned some very useful software architecture and that it can be a basis for building a secure and high-performing blockchain platform.

Alok Kothari

Left Apple to found Harmony

Harmony gets two points here. Kothari works as an engineer there, and he was also a co-founder. Harmony’s team seems to be packed with people having a FANG background, and this proves a simple basic principle true for many crypto startups: if you find one former FANG worker there, you will certainly bump into more of them on the same team.

Kothari had worked for Apple for three years, and his responsibilities included working on Siri, the voice assistant. But later he decided to set up his own shop. He believes that blockchain can transform the world and help data to become decentralized for everyone’s benefit.

Ryan Lechner

Former Netflix worker joins ConsenSys Labs

What Ryan Lechner does in ConsenSys Labs is that he manages the numerous investments that this ETH shop, located in Brooklyn, has made. At Netflix, he was trying to expand the strategy of non-fiction content.

He joined ConsenSys Labs after listening to a podcast about the transformation that DLT and crypto can bring to the world; this added to his previous thoughts about these two innovative industries and made him leave Netflix to join the crypto startup in 2017.

Alex Feinberg

Dumped his job at Google to work for OKCoin

Feinberg holds the position of Director of Business development at the OKCoin crypto exchange. Actually, this is not his first ‘crypto job’. After he left Google, he joined a startup named Petram Security.

He admits that his interest in crypto is a financial one. Once, his friend told him over dinner that he had invested in virtual assets and made some good profit. So Feinberg thought that people who share his world view outside Google are wealthier than his colleagues who see life at a different angle. He left Google earlier this year.

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Chandan Lodha

Ditched Google to found CoinTracker

Lodha co-founded CoinTracker, an app that calculates taxes on crypto investments.

Lodha gave up his position of product manager at Google in the middle of 2017. He admits that he had dealt with crypto before but was pretty skeptical about it, treating it as a hobby. But then crypto began to grow in price and Lodha began to take it serious.

Together with another ‘Googler’ he got an idea of a startup working in the crypto sphere. He admits that his work for Google gave him the necessary experience in focusing on customers to make user-friendly and simple products for them.

To sum up

It is difficult to say whether this trend will continue now that the market remains bearish, since as one can see above, not all of the people going from traditional tech into the crypto/blockchain sphere do it based on belief and enthusiasm.

Some of them are attracted financially by the possible results. As it often happens, almost any industry is first of all based on the enthusiasm of its workers. Because if there are no big profits for a long time, those who chase only finance and benefits will move on somewhere better, and only those who truly believe what they do will stay. Time will tell if they succeed.

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