Tron (TRX) is a cryptocurrency that was launched in September 2017. It is a decentralized social media platform with no censorship, which aims to create a free worldwide entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content.
Tron uses Ethereum’s blockchain architecture but has the ability to process more transactions per second. Tron has been getting some attention recently because it is known as the King of Mainstream Adoption. The cryptocurrency currently ranks 12th according to market capitalization and has a good number of users.
To someone entering the vast world of cryptocurrencies, it may be difficult to understand why Tron (TRX) is rising and will exceed Ethereum (ETH). In this article, we will try to analyze the reasons for this by comparing both cryptocurrencies.
It should be noted that this article does not intend to promote one over another nor does it intend to make investment recommendations, but simply wants to give you an opinion about both projects and what their future could be like.
Tron cryptocurrency and Ethereum cryptocurrency are both platforms that help developers build decentralized applications. They allow them to create smart contracts and issue tokens. Both of these have proven to be very popular at this point in time.
However, there are quite a few differences between Tron and Ethereum which escalate the popularity of one over the other. The Differences Between Ethereum and Tron There are quite a few differences between these two cryptocurrencies, but we will highlight some of the most important ones here.
Transaction Speeds In this day and age, transaction speeds are one of the most important aspects of any cryptocurrency. After all, nobody wants to wait for hours or even days on end for their transactions to process. Right now, Ethereum processes about 15 transactions per second on average.
Tron has been able to process about 2,000 transactions per second recently, which is a lot higher than what Ethereum has been able to achieve at this point in time. This is mainly because Tron is still relatively new when compared to Ethereum and its blockchain has fewer users at this point in time.
As more people start using both of these cryptocurrencies, it will become difficult for Tron to maintain its high transaction speeds. That being said, Tron’s founder Justin Sun has promised that they will
TRON (TRX) is on the rise, and it’s not just because of its glossy marketing. In fact, there are many reasons why TRON will succeed, and one of them is because it’s designed to offer better scalability than Ethereum.
TRON was founded by Justin Sun, who recently announced that he would be partnering with Alibaba to integrate blockchain technology into their system. This partnership increases the legitimacy of TRON and could be a reason for its increase in price.
TRON has seen a significant rise in price over the past few months. However, the increase may not be due solely to its partnership with Alibaba but could also be because of the fact that it is capable of handling more transactions per second than Ethereum.
The TRON network can handle 2,000 transactions per second. When compared to Ethereum’s 15 transactions per second and Bitcoin’s 7 transactions per second, you can see why it may have risen in price so quickly.
Additionally, Sun has partnered up with other social networks such as Peiwo APP and Game.com to create a blockchain-based gaming network where content creators are paid for their work through digital currencies like TRX.
Sun believes that “blockchain technology will disrupt
Several days ago, Justin Sun announced that the Tron (TRX) token migrated successfully to the mainnet. The migration process was a success since it took less than 2 hours to complete.
The success of the migration and the fact that TRX is now independent from Ethereum (ETH) blockchain has pushed TRX token value to rise steadily. At the time of writing, TRX is trading at $0.054 with a market capitalization of $3,622,891,343. TRX has been one of the most performing tokens in the market for the last couple of weeks with an average increase of 10% daily.
TRON is one cryptocurrency that has been doing great this year in terms of development and rising value. The Tron network is currently in its third stage called Odyssey which began on the 25th of May 2018. The main aim of this stage is to provide a foundation for content sharing through decentralization using blockchain technology.
The team behind TRON has been working tirelessly to ensure that they release all their products on time and according to their roadmap which has been a success so far.
A few days ago after Tron (TRX) successfully migrated from Ethereum’s ERC-20 network to its own blockchain
Ethereum currently processes 15 transactions per second (TPS.) VisaNet, on the other hand, processes 1,667 TPS on average and a maximum of 24,000 TPS. If all 7 billion people in the world used DApps simultaneously on Ethereum, there would be a huge network congestion. TRON’s team believes it can process 2,000 TPS by the end of 2018. In 2019, TRON plans to increase this number to 10,000 TPS with the help of sharding and other scaling solutions. Ethereum is playing catch-up to TRON with its own scaling solutions like Sharding.
TRON is also zero-fee. This means that developers do not need to pay gas fees when building on the platform. TRON uses delegated proof-of-stake (dPos) instead of proof-of-work (PoW) like Bitcoin and Ethereum. dPos is more environmentally friendly and energy efficient than PoW. Ethereum has been debating switching from PoW to PoS for years but has yet to implement any changes.
TRON’s team is much younger than Ethereum’s team. The average age at TRON is 26 years old compared to Ethereum’s 35 years old. Justin Sun,
Justin Sun has acquired BitTorrent, a peer-to-peer file sharing service. The company has over 100 million active users, making it the most popular torrenting service in the world.
Tron is already one of the largest decentralized protocols on Ethereum, but with its own mainnet launching on May 31st, an increasing number of tokens are migrating to their own network. While this exodus may seem like a blow to Ethereum it could ultimately prove good for their ecosystem and help them stay dominant in the long run. If Tron can successfully execute on its many aims then it could take significant market share away from ETH.
It seems that Tron’s BitTorrent acquisition is designed to bring new levels of decentralization to the protocol. In fact, Sun recently tweeted about his excitement for Project Atlas, which aims to bring blockchain technology to BitTorrent.
Through Project Atlas, BitTorrent will be integrated with Tron’s blockchain ecosystem. This means that users who seed files on the platform will receive TRX rewards in return for their efforts. This would provide an incentive for people to keep seeding files and would free up bandwidth for new users who often struggle to connect with torrents as they get older and have less seeders available.
If the name TRON sounds familiar, you’re not alone. That’s because you probably know it from the classic Disney movie Tron (1982) or the more recent sequel Tron: Legacy (2010).
Although this TRON is not related to the fictional TRON from Disney, it does share a similar ideology. TRON aims to create a worldwide free content entertainment system using blockchain technology and distributed storage. The protocol allows each user to freely publish, store and own their data, and in the process creates a decentralized content entertainment ecosystem.
TRON is currently headquartered in Singapore, with offices throughout Asia including Beijing, Tokyo and Seoul. According to its founders, Justin Sun and Lucien Chen, the company aims to “heal the Internet” by constructing a worldwide free content entertainment system.