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As the eleventh largest cryptocurrency in the world, Tron (TRX) has been making progress in the cryptocurrency industry for some time. Tron (TRX) has recently launched its new Mainnet platform to help blockchain technology companies attract media attention and market penetration after launch.
After launching the mainnet project, Tron (TRX) has also launched its Virtual Machine project with other ongoing projects in the pipeline, this will include Tron's Super Representative election.
In recent months, Tron (TRX) has managed to get many significant lists and partnerships, launching its official TronWallet recently for its Android users. Tron's information (TRX) tells us that a similar mobile wallet will soon be available for iOS users.
Vs. Proof-of-Stake (POS). Proof of work
One of the areas in which this article will try to clarify the most is the method of validating the highly conflictual consensus within the virtual currency ecosystem. For the longest period, there was a simple contradiction between the Job Proof and the Game Trial better known as POS.
While the later is known to be more flexible and scalable, the former is said to be more expensive and difficult to perform. But as PoS technology continues to grow and evolve more and more, the virtual currency community has begun to ask PoS to update its systems on a more secure platform to become the preferred blockchain method of automatic authentication of transactions.
Indulging in the pressure of the community, PoS has upgraded its systems to a more secure level by ensuring they are safe from simple attacks and vulnerabilities on their platform.
And just as the requirement provided by the crypto community, PoS has initiated the conversion of many institutions and companies to the platform of-Stake to grow and emerge as the most operational network of validation available on the blockchain environment.
But over time, even the competitive landscape is changing. It is no longer a battle between PoS and PoW, rather a new series of verification networks is emerging to give the institutions new ways and platforms to validate transactions and settlements on the blockchain.
More specifically, the emergence of Delegated Proof of Stake (DPoS) in the validation method space not only changed the playing field, but added the introduced democracy as a new factor in the equation .
Recently, the Tron Foundation has failed in their intentions to download PoS for DPoS. PoS was the previous default validation method used by the Tron blockchain.
Do you know the difference between PoS and DPoS? Do you know which #TRON use? $ TRX pic.twitter.com/shfqHWMaas
– TRON Foundation (@Tronfoundation) 10 August 2018
The decision to go to DPoS took many by surprise in the world of cryptocurrency with reports telling us that the decision to undertake this iconic move was influenced by the in-depth study of the advantages and differences between the two validation methods.
It was during the weekend that the Tron Foundation revealed to the world through their Twitter page that the DPoS network would be good for them as it would allow members of the Tron community to vote in the upcoming SR elections.
PoS, like Tron's previous TRON predetermined protocol, miners used their tokens on a block if they wanted to verify the settlements associated with the block. Depending on the length of the transaction and the amount involved, they would choose a miner to verify the transaction using sophisticated methods to reach that conclusion.
Tron's (TRX) decision to adopt DPoS should have a positive effect on blockchain technology and public perception of the entire consent validation process.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and / or its affiliates, employees, writers and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer
Image courtesy of Pixabay.com
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