TRON (TRX) is the decentralized ledger protocol that was developed in the blockchain technology. This coin aims to build an entertainment framework for contributing the free distribution of content around the world. It generally uses a decentralized distributed storage system that is provided by blockchain technology.
The users of TRON can publish, store and in fact, own data. As a consequence of the bearish trend in the crypto market, like many other cryptocurrencies in the market, TRON has also gone through rough waters as most of them have seen declines of over 50 % of their value.
The prior upside gains in 2017 were crushed in the first two months of this year following the concerns for rules and regulations from various countries. TRON (TRX) swapped hands at $0.30 in January. Here we are down 85% It is expected that the holders of the TRON are anxious. However, afew events happened on March 31, 2018, that show some ray of hopes for the TRON holders. Those important events are TRON coin Burn, TRON Test Net Launch, and TRON Mainnet Launch (pending)
At a recent ICO Summit, the founder of Cardano mentioned the possibilities of ADA and its ability to scale with increased user volume. However, on the other hand, TRON, which is considered the “modern” cache of cryptos, has taken it one step further by establishing an ecosystem that is entirely based on the cryptocurrency. The network of TRON is designed to encapsulate the modern digital and entertainment industry. It also provides underlying cryptocurrency and technology to spur out the new enterprise. Thus, Justin Sun’s TRON has paved its way for innovation.
With the launch of Test Net and rise of TRON’s Main Net, TRON is already one of the top cryptocurrencies.
TRON has been very closely related to Ethereum. Its main features include:
- Capable of performing 1000+ transactions
The network of TRON is capable of performing 1000+ transactions per second and it has the ability to become even larger over time compared to Ethereum which has a transaction per second rate of 25.
- Free Transactions
The general cost of conducting a TRON transaction is 0.00001 TRX that means the entire cost of TRON network payments can be paid out of the cost of a single TRX token. On the other hand, Ethereum has average transaction fees that range from 0.40-0.60 USD and it hit the range of 4.15 USD per transaction in early January.
- Coin burn
TRON has higher liquidity because of its 100 billion coin supply giving TRX a more omnipresent presence on a platform as big as what TRON is trying to intend. The announcement of Justin Sun, the founder of TRON, over coin burn, further adds an interesting point on how the TRON’s network will function. If a third party wants to create a new crypto coin on TRON’s network then it requires around 1000 TRX, for removing these tokens permanently. This also means that the value of individual TRX coins will go up as TRON’s network gains in adoption and development.
TRON has intensely benefited from its partnership with various industries. We have already seen the effects of such a large pool of potential adopters when TRON trying to trail only Ripple’s XRP in term of the new partnership announcements in 2018. TRON is all settled to draw benefits from the Crypto Bans. TRON is more likely to draw benefits from the disfranchised populations who now feel the pressure to push back.
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