Tron crypto, Is TRON crypto a good investment?

Is TRON crypto a good investment?

Tron Network is an incredibly exciting project for everyone interested in media and entertainment. Imagine if the platform that combined Twitch with Netflix (or your favorite streaming service) was decentralized. This is the Tron project.

In 2017, Justin Sun launched the Tron Project and the TRX Foundation. The network was originally on the Ethereum blockchain and released its own blockchain in 2018. The primary goal of the developers is to make the network as useful as possible for users who are tired of ubiquitous messaging-enabled platforms.

Despite these incredible ideas behind the Tron project, there is also controversy surrounding its creator. Let's start from scratch. In this article, we will tell you all about the Tron Foundation and its assets: Tron cryptocurrency, tokens, and the entire ecosystem.

Tron Network Architecture

The TRON architecture divides it into three layers: memory, core, and application.

In addition to storing memory-level network blocks and states, it uses the language- and platform-neutral GRPC framework, an open source framework for remote procedure calls.

Consensus, smart contracts, and account management modules are implemented in the base phase.

At the application level, decentralized applications can be built not only in the core protocol language (Java) but also in others, including Scala, C++, Python, and Go, with support for the Protobuf structured data serialization protocol.

After discussing the white paper on TRON, IPFS author Juan Bennett noted that many of the papers are based on some other project, including his own, or contain relevant information about how P2P systems work, which appears to be a starting point.

Ethereum co-founder Vitalik Buterin also accused Justin Sun of plagiarism. Ready for another project that cleans Ethereum but not the Tron network.

Tron cryptocurrency

Tron cryptocurrency is a sophisticated form of digital currency. The money is divided into three parts with different values.

The project's native cryptocurrency, the TRX currency, is the primary medium of exchange on the TRON network.

TRON20 tokens are intended for developers: their support will allow them to spend money on the platform for their applications.

TRON Power (TP) tokens are available when TRX is connected. Users can have voting rights when creating a network.

From the Justin Sue Tron Photography Foundation

Justin Sun is the founder of the Tron Foundation in China. According to his autobiography, Sun completed a special business seminar led by Alibaba co-founder Jack Ma. Sun says that his mother inspired him to be successful and rich. In 2015 and 2017, he was included in the Forbes 30 Under 30 list in Asia and China.

Sun's first success concerns the Peiwo application. It was an audio-based mix of Tinder and live chat rooms. Shortly after, the app was completely removed from AppStore and Google Play due to pornography and fake social scores.

In 2019, the Tron Foundation acquired BitTorrent for $140 million. Many controversial opinions from the staff about the character of Justin Sun as the boss. Just think that you like its features. After BitTorrent moved to a new office with stunning views of San Francisco, Sun flooded the office with stories about himself. Writers praised Sun's ingenuity and leadership.

There was also a problem with the original idea of ​​Tron. Sun wants to be decentralized and unregulated. It has to do with its roots: the use of strict rules in China. But his project is Pandora's box because everything can be live streamed, even child abuse and terrorist content. Rand called Justin Sun "the hype man of the century."

Tron and Ethereum and EOS

Technically, TRON is the main competitor of cryptocurrencies Ethereum and EOS. It is rapidly growing its user base and is quite aggressively carving out a niche in the crypto market, prompting the developers of these projects to "save platforms from collapse."

This table compares the number of transactions per second (fps) for TRX currency, Ethereum cryptocurrency, and Bitcoin.

Since TRON Crypto starts with Ethereum and continues its development process, the Virtual Machine (TVM) standard, smart contracts, and TRON tokens are compatible with Ethereum, which makes it easy to migrate the project to this blockchain. Unlike Ethereum, we use it

Both projects use the DpoS algorithm in EOS, but in EOS this is the main version of DpoS BFT (Byzantine Pipelined Fault Tolerance). The time to generate new blocks and confirm transactions on the network is less and the overall time to confirm the results is longer in the TRON cryptocurrency.

However, moving projects between blockchains is problematic. Justin Sun speaks directly to EOS developers and advises them to decide which platform to connect to in the future.

Validators are responsible for verifying transaction data and creating new blocks on the TRON network - 27 key representatives elected by TRX owners. Unlike the EOS network, where elections are held for block producers who cannot buy votes, this practice exists in the TRON system. Major representatives can operate any income they receive by adding a new block to the blockchain to buy votes and manage the network.

Cryptocurrency Future Tron

Tron project period from inception to 2019

In the newspaper before the new moon. There are four main events in the future (eg Exodus, Odyssey, Great Voyage, Apollo). Stark Trek and the Eternals have been planned for a long time.

see Advanced trunking. The project is expected to be completed in 2018.

of adventure Stimulate the economy and encourage project growth.

Have a good trip. Users can generate their own tokens.

of Apollo. Create a fully functional token trading platform.

The road to the grave. Develop a game platform for users to create games. TRX has become the currency of the game.

About forever. The final stage of Tron's development. It has become a blockchain-based gaming and marketing platform.

Where are Tron (TRX) coins stored?

You can use multiple wallets to store TRX: hot and cold. First, the wallet must be compatible with the TRX cryptocurrency. Here are your options. Let's look at the best ways to store Tron.

TransLink Wallet is a team-approved Tron wallet. It supports iOS and Android mobile devices and can be installed as a Chrome extension.

Klever.io is a secure crypto wallet and exchange for TRX and many other cryptocurrencies. Available for Chrome, iOS, and Android. Easy to install and use. All data is encrypted with a password and a 24-character password.

Cobo Wallet is a multi-currency wallet. This wallet is extremely user-friendly with a simple interface and easy installation process. Currencies such as Tron, Bitcoin, Ethereum, Litecoin, EOS, Dash, and many others are supported.

You can also save and transfer your Tron funds to Huobi Wallet, Trust Wallet, Exodus, etc.

Summary of Tron

Investing in Tron is not just about spending money or vice versa, it is about making money. It's about creating the future of media and taking another step towards improving cryptocurrency and its wider applications. The project has a strong team, reliable partnerships (Chinese software vendor Baofeng, Netflix; oBike, Singapore's bike sharing), and big plans.

If you are already interested in investing in the Tron cryptocurrency, check out our quick navigation widget below. Trading or buying TRX through our service is easy because we respect every customer and are ready to answer all your questions.