This design allows the TRON network to perform fast transactions with minimal fees. The TRON platform aims to provide the scalability required to support popular dApps by employing a delegated proof-of-stake (DPoS) architecture. The native digital currency of the TRON ecosystem, the TRX token, was initially sold in an ICO in 2017 at a price of roughly $0.0019 per coin.Chinese cryptocurrency billionaire Justin Sun founded the TRON foundation in 2017 to pursue a “truly decentralized Internet”.The TRON network shares a lot of similarities with Ethereum, both due to its token standards and smart contract functionality. The TRON ecosystem consists of a native NFT marketplace, interoperable BitTorrent Chain, sidechains, and a decentralized stablecoin USDD (USDD).TRON is a blockchain platform that uses a delegated proof-of-stake (DPoS) mechanism to reach a consensus about the state of its ledger. Here’s a quick overview of key facts about TRON and its core blockchain features: Similar to the concept popularized by Ethereum, TRON can also be used to issue custom blockchain-based tokens, which must adhere to the project’s own technical standards, such as TRC-10 and TRC-20. The TRON blockchain is designed to host smart contracts and decentralized applications (dApps). Prior to the mainnet launch, the platform’s native asset TRX existed as an ERC-20 token on the Ethereum (ETH) blockchain. Sun.TRON is an open-source blockchain platform that went live in June of 2018. On the flip side, there are a couple of factors that could prevent the TRX’s growth, such as lack of adoption (Tron is competing directly with such juggernauts as Google and Facebook) or a major scandal for Mr. Despite Tron being constantly called the ‘ctrl-c-ctrl-v’ because of the loud plagiarism accusations, the idea of the decentralized Internet is powerful enough for a long-term game (especially, in the light of recent data scandals). However, many are concerned that there is no technical bone behind this veneer of good PR. As mentioned above, Sun is the king of marketing in the crypto world. Recently, Tron made an announcement about its partnership with Liverpool F.C., but the legitimacy of this claim has been put into question. Since Tron focuses on the entertainment industry, it has to bag a lot of big-name partners in order to make a name for itself. Here’s the list of factors that could serve as the main catalysts behind the Tron cryptocurrency. While the Tron price has already increased by than 100 percent since the beginning of 2019, there is plenty of room for growth in the short-term. More exchanges to come, more partnership to come, the most important is more developers to come!īitcoin, the number one coin, has recently is about to have its best second quarter ever, and that is a good indicator that Tron will shine as well. Hence, the $1 mark is definitely a doable target in the long-term, but the most likely scenario is that it will rise in tandem with the rest of the crypto market during the next bull run. Shortly after that, Tron took a huge hit along with the whole market. However, if Tron does become the go-to entertainment platform of the decentralized Internet, one shouldn’t rule out even higher numbers.Īfter all, the coin increased by more than 3,800 percent in less than a month at the of 2017 before reaching its current peak of $0.25 on Jan 5. At this point, the market cap of Tron would surpass that of Ethereum and Ripple’s XRP, which doesn’t seem realistic at all in the short term. $1 seems like the most far-fetched target. Of course, they only offer these numbers for a shock factor, and hardly any of these predictions are based on anything rather than the product of the author’s wild imagination. You’ve probably seen plenty of uber-bullish predictions from sketchy-looking websites. Justin Sun’s TRON (TRX) Keeps Advancing – Sun Network About to Launch on Testnet Will Tron reach $1 its ATH in 2020 or 2025?
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