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In recent times, Tron (TRX) has attracted more and more attention from traders and investors in the world of cryptocurrency. However, the community seems to be divided when it comes to Tron, with both devoted followers and harsh critics.
At the moment, the currency is classified 10th on CoinMarketCap and, if things do not take a bad turn, we could see it enter the top 5.
What is Tron?
Tron (TRX) is a blockchain-based platform that aims to decentralize content sharing on the Internet, giving artists and creators the ability to publish their content without having to use third-party platforms like YouTube or Facebook.
With a constant trading volume of over $ 166,862,000, TRON has positioned itself in the top 10 of the most traded criptos. TRX is available for trading on 50 major stock exchanges worldwide, with over 100 trading pairs in over 30 countries and regions.
Technologies and applications
The first TRON version of a virtual machine was launched on May 25thth. In the early stages, it was compatible with Ethereum VM, allowing Ethereum developers to use Solidity and other programming languages for scripting smart contracts.
TRON offers a range of reward programs for developers, including hackathons and programming contests worth $ 2 billion in prizes. This is the first in the industry, both in terms of the pool of prizes and the functionality of the program.
The TPOS algorithm makes TRON much faster than Ethereum with respect to transactions per second. Bandwidth-based transfer mode requires virtually zero commissions. That's why TRON could be particularly appealing to users looking for a solid alternative to Ethereum that requires its users to pay "Gas" and other network commissions.
The founder
The digital currency was developed by the twenty-six Justin Sun, a self-declared self-declared by Jack Ma, CEO of Alibaba, and billionaire. Sun has a lot of cryptic experience when he is the former Chief Representative for the Chinese department of Crypto Platform Ripple.
He also founded the equivalent of Snapchat in China, called Peiwo, which has over 10 million users.
Testnet Launch
When the Testnet was launched on March 31st, Tron seemed to have a lot of traction on the market.
In April, the cryptography market recorded a decline in prices. One of the main reasons that led to the dive was the ban on crypto-related content and ads on some of the most popular social media platforms. Most coins have suffered the negative effects of this general ban, including the highest currency, Bitcoin. However, when the cryptography market was going through this fall, Tron strategically launched his Testnet.
When the news of this launch took the wind, many people expressed a keen interest in Tron. At the end of May, the Tron Mainnet was fully functional after its official launch in Beijing. The inauguration of Mainnet was announced on Yizhibo, Periscope and Youtube, with 30 million views from people from all over the world. Investors from China, Russia, Spain, South Korea, Japan and some Arab countries were also present.
The Tron team has received praise for the mitigation function that has been tested recently. With this new system, users can send content through the network. The content transfer will be peer-to-peer without interference. This gives Tron the advantage in the entertainment sector by paying those who create content.
Future developments
The official version of Tron VM will be launched on July 31, after which developers will have the opportunity to fully use the VM to create applications.
One of the major improvements to the platform is expected for the first quarter of 2019 when the initial sharding will be added. This means that a node will be divided and shared among multiple users. In this way, stability and reliability will be significantly improved for super-full nodes often overloaded.
Set to arrive in the third quarter, the next major update, Odyssey 3.0 will include the VM adaptation level that offers support for hot-add / hot-plug protocols, as well as enabling the development of smart contracts directly on Mainnet.
Even more, features will be available on Q4, including multi signatures and Byzantine or BFT error tolerances. At the same time, the TRON P2P network will be released as a free and independent module.
On June 25, TRON will finalize the transfer of Mainnet tokens and move from the ERC-20 token, which will make it one of the most competitive mainstream blockchains globally.
Fiat Trading
The independence of TRX from fiat was one of the most important stopping justifications for mainstream adoption. If TRX could only be purchased using fiat currency, it would have been more accessible to a wider range of investors and traders.
Ethfinex is currently the highest exchange exchanged with pairs of cards in order. However, the exchange pair for TRX is positioned at a minimum of 30 in the rankings on 50 trades that treat TRX. Other exchanges exchange TRX with fiat coins but the total daily volume traded on all of them is less than 1% combined.
Tron (TRX) may currently be traded between the most popular exchanges such as OKEx (TRX / BTC), Bithumb (TRX / KRW), Binance (TRX, BTC), Upbit (TRX / KRW), Coinegg (TRX / BTC), Bit -Z (TRX / BTC).
List of Coinflip
Along with all these new developments, Coinflip, a provider of ATM Bitcoins, added TRX to the list of supported coins, making it more available to US users and allowing them to purchase coins directly from the ATM.
The company operates more than 40 Bitcoin ATMs across the country. This will allow anyone coming from the United States to buy TRX directly from ATMs using the fiat currency.
Ban on cryptic ads
The tendency to ban cryptocurrency ads on major social platforms such as Facebook, Twitter and Google / YouTube will prove beneficial to the Tron platform. Users will be able to transmit which information will be deleted, reducing censorship. Although this is an advantage for Tron, nothing has been proven at this time since the main network has just been launched.
Conclusion
With all these developments planned and considering that Tron has managed to fit in the top 10 coins on CoinMarketCap, it would not be a surprise if the platform will manage to climb and hold a place close to the 5 best encrypted this year. However, this is just a speculation based on previous events. If you want to invest in Tron's cryptocurrency, you must first do your research.
TRON further contacts and information:
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