The race to be the best digicoin in the cryptomarket is an unending one and Tron (TRX) is on the forefront to not just be the best but to become a don in the cryptospace.
Justin Sun’s desire for Tron (TRX) was clearly revealed when he declared during the launch event of Tron’s testnet that “From now henceforth, we are no longer the ERC20 token and in the future we will compete with Ethereum as a DApp platform”.
He further added that competition with Ethereum will be face to face as he has the confidence that Tron will build a large ecosystem; in fact a much larger ecosystem than Ethereum.
Tron (TRX) which started out in the ERC20 Ethereum network moved to its own ecosystem based on perceived scalability and other issues on the Ethereum network.
It entered the next development phase when it launched the testnet of its native platform in March 2018. This pointed to Tron’s exodus from ERC20 platform and recorded a huge blow to Ethereum since Tron had a massive user base on its DApps that would also migrate from Ethereum to Tron too.
Tron’s MainNet was finally launched on the 25th of June 2018 after a year-long wait. The launching birthed Tron’s independence as this put Tron to test as an independent token. Funny enough, the MainNet launch was termed ‘independence Day’ by the Tron team including Justin Sun. The token slowly started to be regarded as an Ethereum killer’.
Boasting of its 100 million DApp users, Sun said that the MainNet which will see the migration of Tron’s users and its token from ERC20 will also make Tron a better cryptocurrency in the world.
Tron (TRX) Utilizes Its Self-Developed Mainnet Blockchain Technology.
Tron’s initial launch as an ERC20 token on the Ethereum platform must have restricted its growth as the switch to its own developed MainNet has really ushered in some growth for the altcoin.
Ever since its start in 2017, it has become one of the most widely used crypto in the entertainment industry. The absence of third parties in transactions is one of the attributes that has made Tron popular as it allows content to be directly paid for by consumers.
Tron, a non-profit based foundation with the goal of reducing the payment problems experienced in the entertainment industry has always been driven as a decentralized content sharing platform. It leverages the possibilities of blockchain technology through peer to peer networks.
Tron (TRX) Ethereum Saga
Prior to the move and the launch of its mainnet on the 25th June 2018 Justin Sun, the founder and CEO of Tron, had promised that it would wage war against Ethereum (ETH) and become its formidable competitor.
What could formerly be referred to as a Father-Son relationship has since become the battle of equals and from the look of things the son has outperformed its father.
Justin Sun mentioned that his creation was much better than Ethereum which is the second most valuable coin/blockchain in the global market cap ranking.
It would seem that Justin Sun was just vaunting himself and sprouting gibberish if the result so far has not testified to the possibility of the claim being a reality.
Tron(Trx) Is Set To Deliver As The Crypto Don
Tron which has been operational since September 2017 is regarded as the most promising altcoin in the crypto market. It has been making astounding waves in the digital entertainment industry.
Since its inception on the Ethereum blockchain project<network>, Tron has witness a meteoric rise in the crypto world. The coin has been in the limelight right from the start prompting many an investor to switch their investment options.
In its bid to be the best, Tron (TRX) has been up and doing with sundry developments. As a result of its continuing efforts, Tron’s recognition and viability in the local market has been elevated with the acceptance it has received as a payment option from a local garage in the UK and a taxi driver in Spain.
In a similar vein, one of the largest X-rated video sites, Pornhub, partnered Tron accepting its token TRX as a virtual payment option. This has been followed up by Sun’s announcement that the digicoin has acquired BitTorrent.
The acquisition of BitTorrent and its over 100 million users and supporters who would now become a part of the Tron family is an ace for the altcoin.
The most recent acquisition of BitTorrent is a strategic advantage for Tron. The amalgamation of BitTorrent’s infrastructure with Tron’s blockchain will help to create one of (if not) the most advanced P2P network in the world.
It is expedient to know that BitTorrent is the pioneer of decentralization and is the world largest P2P decentralization protocol.
Sun declared that the acquisition of BitTorrent has actually made Tron 80 times faster than Ethereum as well as made it the largest decentralized ecosystem in the world. Coupled with the current Project Atlas you will agree that with Tron (TRX) you can’t beat the reach.