The Founder and CEO of Tron (TRX), Justin Sun has gone ahead to promise that Tron will build a fund to save Ethereum and EOS developers from the collapse of their platform as long as these developers move their dApps to the Tron network. This is coming on the wake of the announcement by ConsenSys, Ethereum production studio that it would be laying of 13% of its staff as part of a wider strategic shift.
Prior to this time and on several occasions Justin sun has urged Ethereum developers to migrate their tokens and projects to the Tron (TRX) platform. In a tweet dated 25th November 2018, he went ahead to explain why such a move will be the smart thing to do. According to Sun,
- There will be zero transaction fees. No gas in TRX
- Its compatibility with Ethereum (ETH) implies zero migration cost.
- 2,000 transactions per seconds.
- Tron dex listing. with high liquidity you can easily increase your token value 100%
Before now the major focus of Justin Sun had always been Ethereum (ETH) but this time around the first millennial graduate of Hupan University has expanded his reach to encompass EOS as well.
— Justin Sun (@justinsuntron) December 7, 2018
Tron’s (TRX) Record Is A Testament
Tron (TRX) has been positioned times without number as an interesting cryptographic project by its enigmatic CEO Justin Sun. The project’s objective is crystal clear; to build one of the largest blockchain based operating systems in the world. Their track record is a testament of their unwavering dedication to deliver on this mandate. Evidences abound as they build the infrastructural framework for truly decentralized internet.
Months after their MainNet launch and the deploying of the Tron Virtual Machine that is also compatible with Ethereum’s VM Tron’s efforts are beginning to yield results. The Tron network has been displaying exponential growth since its independence day MainNet launch. The deployment of the Tron Virtual Machine in October placed it in a position to attract developers to create dApps on its platform.
The compatibility of the Tron Virtual Machine with both the Solidity Programming language and Ethereum Virtual Machine means that migration between the two networks would not be too much of a hassle for advanced developers. As evident of the 1119 smart contracts that are active on the Tron network.
Tron network can process up to 2,000 transactions per second which is 80 times faster than the Ethereum network. That is to say, the Tron network can handle 172,800,000 transactions at maximum capacity in 24hours. Justin sun has revealed that he has created Proposal 7 to increase energy limit and support for Tron developers.
It is not surprising that dApps will consider Tron (TRX) over Ethereum (ETH) with the recent intention of Tron foundation to integrate the zk-SNARKS privacy protocol onto their network.
The dApp accelerator plan to ensure that Tron (TRX) has the best developers moving forward has also been launched by Tron foundation.
Bitizens Secures New Home On Tron (TRX) Network
It seems like Justin’s call keeps yielding result as BitGuild has sought out a new home for its Bitizens dApp on the Tron network.
According to Jared Psigoda, Guildmaster and CEO at BitGuild, it is important that their users do not have to pay transaction fees with quick transaction times and it is impossible to achieve with Ethereum (ETH).
We have decided to migrate our flagship product to the TRON network. It is important to us that users do not have to pay transaction fees with quick transaction times. Unfortunately this was not possible with ETH. See you in Bitropolis! https://t.co/FlJniz3mVd
— Jared Psigoda (@swaysnt) December 7, 2018
The decision of BitGuild to migrate the Bitizens gaming dApp from the Ethereum Network to that of Tron (TRX) is a pointer on their belief in the Tron project as well as its capability to deliver results.
Tron (TRX) Returns To Number 10
The altcoin witnessed a growth and has been able to return to being ranked amongst the top 10 digital coins by market cap even though that is not where it intends to remain as there is room at the top.
This recent growth of Tron (TRX) has been attributed with the latest adoption movement where it was mentioned that Tron will be listed on the largest exchange in South- East Asia.
The exchange, MBAEX, announced that Tron (TRX) will be live on its platform and the deposition of the cryptocurrency will begin December 6 while the start of its trade pair would be on the 7th of December.
If you look closely at this cryptographic project, you will discover that the Tron foundation is pulling all the stops to ensure that Tron (TRX) lives up to the vaunted acclaims of its CEO Justin Sun.