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As a next project on a web decentralization goal, the TRON Foundation launched a TRC20 exchange at the start of this week. The exchange is a place for an easy and fast exchange of tokens created at the top of the TRON blockchain. The TRC20 exchange is located on TRX.market, while TRC10 is still on Tronscan, which is the information service of the TRON ecosystem and a primary block explorer.
Both TRC10 and TRC20 are the TRON version of the ERC-20 tokens, which the TRX itself used before the launch of its MainNet at the start of this year. The only real difference between them is that the TRC10 tokens, as user-issued tokens, do not require the creation of an intelligent contract. The TRC20 tokens, on the other hand, provide the power and functionality of a token system based on smart contracts. In reality, TRC20 is quite similar to ERC20 in this sense.
All users have to do to issue a TRC10 token is to have 1024 TRXs. At the time of writing, the price of a single TRX coin is $ 0.012722, which means that the issue price of a TRC10 token is around $ 13.
In addition, TRON already offers numerous dApps that have been created on top of its blockchain in recent months. Thanks to these dApps, the TRON ecosystem remains busy and livelier than ever, despite the low price of the currency and the steady fall of the market. In fact, the Foundation measured a 48% increase in use during the last week.
As a result, last week, the number of TRX transactions exceeded 1 million in a single day. The TRX trade volume was measured at 640 million TRX on the same occasion, an increase of 151% over the previous week.
Among the most interesting projects of TRON is Seedit, a platform that allows users to tip content creators and show their appreciation for the hard work of content creators. Another major project, called the Project Atlas, is expected to provide users with an incentive for seed content on BitTorrent, purchased by TRON in July 2018.
Is Ethereum underutilized?
Before TRON dApps, Ethereum was the main project in terms of popularity of dApp. However, according to statistics, Ethereum is not even close to approaching the amount of use that TRON is currently experiencing. However, there are many other factors besides the simple lack of popularity. One example is that the Ethereum blockchain has several sub-platforms that have been created on it and that do not contribute to the dApp activity. In other words, there is more activity on ETH than it seems at first, but at the moment TRON is still the main project.
However, it should also be noted that not all token activity comes from dApps. BAT, for example, is not a dApp, but still has thousands of token transactions all at once. The same applies to BNB. In other words, Ethereum is certainly not underused. The fact is that there is simply no "diller killer" that TRON managed to create and offer.
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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 hold stakes 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.
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