It no more news that Tron (TRX) has left the Ethereum ERC20 blockchain network for its own ecosystem, to begin a new life after the MainNet launch. Ever since the completion of the MainNet, Tron (TRX), in the crypto space witnessed spike in development and the MainNet was likened to A Trip To Damascus. Seems like the likes of Tron and EOS which migrated almost the same time was glorified for their transfer.
To begin, the live stream of the Tron MainNet launch was viewed by about 1.67 million persons from the TRON community.
Many before MainNet, many said the strength of Tron lies on Ethereum network and its down fall will be experienced after the migration.
While the crypto space, and the community of the altcoin was filled with FUD of what would be of Tron after migrating from the ERC20 ecosystem for its own, the blockchain technology shred off all doubt, displaying its developments in beautiful colors that was eye catching.
Two months after migration, Tron climbed the cliff to become imposing. It witnessed massive growth on its blockchain. Tron was then regarded as one of the largest decentralized network in the globe, its performance and usability increased and its number of transactions in the same wise multiplied.
Compared to mainnet launch date, its account number increased by 46,500% and a day transaction was upped by 13,565% (46 times that of Ethererum) two months later. Similarly, while Tron leveled up with EOS (EOS) in number of accounts, it was then rated above Bitcoin and Ethereum in the space.
Tron (TRX): The Most Decentralized Blockchain Network
Seems like the end but not. Tron went on disrupting the crypto space. It became the world most decentralized blockchain network after the acquisition of the Bittorrent (the genesis of decentralization). After acquiring the 100 million users network, Founder Justin Sun claimed Tron is now 80 times faster than Ethereum in the space.
Tron also added to itself by opting for the decentralization governance system with the Tron Super Representative Election where 27 members were elected to govern and oversee the Tron community and network.
As countless of exchanges pledged and are still pledging loyalty and support for Tron in the space, the altcoin churned out the official launch of the Tron Virtual Machine (the gateway between the Ethereum and Tron).
The description of Tron’s milestones after MainNet is surely an endless journey. This article identifies 4 major reasons why the MainNet launch is the strength of Tron in the crypto space.
Tron (TRX) High-Throughput And Higher Number Of Transaction
Before MainNet, Cryptocurrency like EOS complained about the ERC20 network as it affects its transactions. Ever since MainNet, Tron became a larger entity in the space with High-throughput. This made Tron have the capability to accommodate more accounts and higher number of transactions at a time without hiccups.
Tron afterwards became more effective and reliable with its services. It was able to give users better experience and many others including big, small and medium scale organizations began to count on the altcoin for reputable blockchain services.
Tron’s (TRX) Scalability And DPOS Guarantees TPS
No doubt, scalability is a glitch for the earliest blockchain technologies like Ethereum and Bitcoin. Tron lived to be a better coin than the two, filling the voids which they have created in the space with their innate features.
After Tron’s independence, its scalability increased. Added to that, the acquisition of the almighty BitTorrent multiplied the scalability of the altcoin.
Charles Hoskinson, the founder of Cardano blockchain also attested to this saying:
“So in terms of scalability, what do we want to do? do we have any examples of scalable protocolss? Probably used it. It’s called BitTorrent.”
This certainly helped to surge the speed and performance of the blockchain technology at multiple rate.
Tron, in a bid to increase its number of transaction per seconds moved from the Proof of Stake (POS) protocol to Delegated Proof of Stake (DPoS) after MainNet launch. DPoS, on most occasions is rated above PoS.
DPoS protocol virtually has zero risks for fraudulent activities, and its reduces costs and electric consumption. While the new protocol is built to permit permanent voting system and a system of reputation to reach consensus, Tron used it in deciding the Super-Representatives.
Tron (TRX) Supports Various Dapps
After the MainNet, countless of DApps has been built on the blockchain technology since it is now much bigger than before, accommodating more than when it was built on the ERC20 network. Tron ushered out 6 life changing applications which were built on its network to decentralize and disrupt every sector of the world.
Low-Cost, No Gas Fee For Transactions
The independence of Tron surely brought a new era for the community of the altcoin and other lovers. Apart from all the above listed benefits, Tron, after mainnet, began to grant users low cost of transaction fee. The reduced cost of energy consumption also brought about no gas fee.
While Ethereum Virtual Machine computations are bounded by gas which attracts gas price in performing transactions, TVM’s computations are not bounded by gas, thus excluding gas fee.
Why no one in the crypto space can doubt the milestones which Tron had achieved in after MainNet, the altcoin is not crossing its arms because of the successes, but striding for more developments to stay atop the proclaimed crypto dons.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.