What Lies Ahead For Tron And ERC 20

By Hassan Njie June 25, 2018 Digital Currency No Comments

Tron had reported in the last seven days of May, which it is moving to MainNet on June 25, 2018, while the token swap starts on the 21st to the 24th of this current month with the full blockchain migration being finished by the 25th amid the Tron Independence Day. The Independence is appeared to be extremely positive for Tron as it would give the token a couple of focal points that it was precluded from being on the ERC 20 blockchain. As per Justin Sun, this move would make Tron a Numero Uno performer in the crypto markets as it would back by the accompanying features.

Negligible fees: Tron plans to create a seamless MainNet network which would make Tron transactions practically free. Tron Labs have specified that the network would support ultra-low transfer fees of a millionth of a TRX.

Scalability: With its own network Tron will have a space of its own to scale to any level which is necessary to prove its use case in real world. This was highly impossible on Etherum as it was loaded with network congestions due to the enormous amount of blocks it managed.

Consensus: For Consensus, TRON on MainNet would use Delegated-Proof-Of-Stake(DPoS) compared to Proof-Of-Stake Mechanism of Ethereum. This is in a way the next level feature which is way less centralized and uses less electricity, among many other cool features

Differentiating TRON from the market: TRON’s exit from the Ethereum blockchain onto its own MainNet creates a fresh space for the currency to exist. This surges the ways in which TRON can now be developed as a central currency and also enhances the utility of TRX. It will also now support custom smart contracts and allow programs to be hosted on Tron’s Network

Building a futuristic and successful platform: Once the Tron blockchain is launched, Tron will be able to support the building applications and issuing tokens for its current partners, thus making a new futuristic platform.

From the investor’s perspective, the certainty would be truly up as the group will have conveyed on its roadmap decimating all FUDS that existed of it being a scam.

TRON has demonstrated the potential that it’s MainNet Network could be a genuine contender and prepared to rival officially existing blockchains, for example, Ethereum and Bitcoin. TRON has a definitive objective of making a “truly decentralized Internet”. In words of Justin Sun “we will no longer the ERC20 token, and in the future, we will compete with Ethereum as a DApp platform” “We will compete for face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future”.