For a Week now, Tron has been making cryptocurrency news headlines around the world. By far Tron is probably the best-known cryptocurrency in the world after Bitcoin, mainly since Tron lacks no publicity. It all started when Tron’s founder and CEO, Justin Sun, had a go at Ethereum on Twitter back in April, making Ethereum’s founder, Vitalik Buterin, react to Sun’s tweet by accusing him of copy-pasting his content.
8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— Vitalik “Not giving away ETH” Buterin (@VitalikButerin) April 6, 2018
In the end, Tron went silent about Ethereum. Then on June 1st, Sun had another go at Ethereum.
Why #TRON is better than #ETH: 1. 2000TPS vs. 25TPS 2. Popular sovereignty of token vs. Authoritarian rules 3. 100M Dapp users vs. Thousands 4. None fees vs. High fees 5. Coin burn vs. No coin burn 6. $2B bonus vs. Zero 7. High scalability vs Poor scalability #TRX $TRX pic.twitter.com/W7jEjmx0wp
— Justin Sun (@justinsuntron) June 1, 2018
This time again he published a graphic where he compares Tron vs. Ethereum, highlighting Tron’s advantages. Some of the facts were revised to look more realistic, including the transactions per second speed which dropped from 10,000 to 2,000 TPS. However, these episodes have attracted a massive number of fans and detractors for Tron. They have become the loyal support base for Tron’s product launches and MainNet promotions.
The Tron MainNet has been launched and is in public beta testing. It promised to provide its users with a safe, easy-to-use and reliable blockchain service by incorporating different features on the platform such as KYC, Wallet (hot, warm, and cold) and immediate customer support. It can currently handle 2,000 transactions per second in comparison to Ethereum’s 20 TPS. In the week before the MainNet release, Tron was ranked #1 on Github with 253 commits. The testing is expected to run to 24th June.
Tron has declared its “Independence Day” on 25th June, the day when TRX tokens, an ERC20 token, will convert to TRX coin on Tron’s MainNet. On June 26th, Tron will hold a Super Representative Election where Tron supporters will elect 27 officials to operate and govern the Tron Network. Some major exchanges have already agreed to handle the blockchain upgrade and token migration.
Most notably, Tron has partnered with Shift Market, which according to Justin Sun, exposes Tron to the Forex Markets.
#TRON Is Exposed To Forex Market (100 FX brokers) Via Shift Partnership. $TRX will be bridging the gap between traditional fiat currencies and cryptos. This will increase its liquidity not only the crypto-markets, but also the traditional FX markets. #TRX https://t.co/bqZ7B5MrmZ
— Justin Sun (@justinsuntron) June 7, 2018
Shift Markets will bring TRX trading into the currency markets, which is considered to be the largest financial market in the world, with trillions of transactions executed on a daily basis.
Ian McAfee, Shift Markets CEO, said;
We are excited to bridge the gap between the FX and crypto markets with a popular and exciting project like Tron. The demand from FX has been enormous, and we anticipate more and more crossover between the two markets.
Nine brokers in nine different countries will offer TRX. The first UK-regulated exchange to list TRX is expected to begin trading in a few weeks. Moreover, the leading regulated Indian FX broker, JM Financial, will be the first in the region to offer TRX, next week.
Anther major switch from Ethereum’s network is EOS MainNet and these two blockchain projects, EOS & TRON, moving away from Ethereum are now posing a considerable competetion.
So far, Tron’s rise has been quite impressive. Justin Sun is playing his cards right, making Tron stand out and the active community around Tron is also growing rapidly but will it actually dominate Etherem? that would largely depend over the apps, and their adaptability, developed on top of this platform.