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Even though most cryptocurrencies have had mixed fortunes in 2018, the same can not be said for Tron. The digital currency and its blockchain platform have made significant progress since the beginning of the year.
The highlight of Tron's developments is the successful transition from Ethereum's ERC20 protocol to its core network. In the same way, the TRX the token has also gained popularity and is now listed on multiple exchange platforms. The goal of the Tron blockchain is to facilitate transparent, secure and cost-effective delivery of digital content. The TRX token is the main means of exchange in Tron's ecosystem.
#TRX is now supported by @Get_Scatter, a secure multi-blockchain signature, identity and reputation desktop application. #TRON $ TRX pic.twitter.com/xjSkpa0BRs
– Justin Sun (@justinsuntron) November 13, 2018
Exchange lists
As mentioned above, the TRX token is now available for trading on multiple cryptocurrency platforms. The latest platforms to add this token are Scatter and Blockport.
Scatter is a web-based cryptographic exchange platform. It is based on a blockchain whose goal is to protect personal identities using cryptographic signatures. Apparently, no other company offers a similar solution.
On the other hand, Blockport is a typical exchange that deals exclusively with the conversion of cryptography into cryptography or fiat encryption. As of now, the platform has 10 digital assets listed in its trading portfolio. TRX is the latest addition to this list.
Market overview
Justin Sun, the founder of the Tron Foundation, believes that Ethereum can not match the daily transaction volumes of the TRX token. In terms of popularity, Ethereum is second only to Bitcoin. Lately, however, Ethereum's position has faced a challenge from XRP.
In addition to the above boards on Scatter and Blockport, the Tron network has recently reached one million daily transactions. While this result has yet to have an effect on the market, it certainly can not be overlooked.
Overall, most of the popular digital currencies have turned out to be overwhelming in recent times. Regardless, many encrypted investors and industry experts are confident that the market has hit bottom. So, a bull run is imminent. When the uptrend will start, TRX will certainly increase in value, mainly due to its increasing adoption and availability in various digital currency trading platforms.
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