The Tron (TRX) Foundation is passionate about driving the adoption of its Tron (TRX) token. The ebullient CEO of the Foundation, Justin Sun never takes the back seat in making the cause for the coin. In addition to social media hypes about the coin’s prospects, Sun also takes time to improve on the coin’s use cases.
The quest to have a hold in the vast market of Decentralized Applications (DApps) is already paying off. After taking over the spot held by Ethereum (ETH) in the DApp world, Tron (TRX) began to struggle with EOS. Now, it has clinched the spot all to itself and is now pressing forward to increase the adoption of its Decentralized Applications (DApps).
Tron (TRX) and Anonymity
In light of threats before crypto coins based on the security of transactions, the Tron (TRX) token took the cue to pursue anonymity of the network. The poser here is the necessity of the coin’s drive to institute anonymous transactions.
Now, it is important to correlate the importance of Tron (TRX)’s anonymity to the fortunes of its DApps. By improving the security feature with underlying anonymity, the coin will be charting the path for more adoptions.
Already, Tron (TRX) followed up its announcements of becoming an anonymous coin. The statement came into the public domain in late 2018 for actualization in 2019. Borrowing a leaf from ZCash (ZEC), Tron (TRX) will be launching the Zero-Knowledge Succinct Non-Interactive of Knowledge (zk-SNARKS) technology. This is similar to the CT integration Litecoin (LTC) intends to have.
In this case, users will be granted the option of choose between an anonymous transaction or open transaction. The anonymous option allows transactions over the Tron (TRX) network not to be visible to third parties. Instead, only the transacting parties can see the details of the transaction and confirm it as well. Without an iota of doubt, this anonymity feature entrenches trust in the coin.
Coming over to the future of the Decentralized Applications (DApps), it is worth noting that Tron (TRX) is already a leader. It succeeded in beating its closest rival, EOS to the second place. Furthermore, it has more DApps and smart contracts more than the two DApp enigmas, Ethereum (ETH) and EOS.
Tron (TRX) has also noted in its previous weekly report that it has moved from the stage of asking developers to getting volunteers to build DApps on its network. However, the blockchain network targets improving DApps usage on its network from millions to hundreds of millions, a milestone signaling actualization.
Anonymity is Important
There is a need to protect transactions on the blockchain network. This became important following incessant hacks that were prevalent some months back. Tron (TRX)’s integration of the zk-SNARKS technology will not only be viable for cryptocurrency transactions but will also facilitate the security of DApps and the users.