Despite the abundance of negativity related to Tron lately, the project has a significant advantage — it has the availability of the finished product, while many projects that launch ICO on a daily basis...
Despite the abundance of negativity related to Tron lately, the project has a significant advantage — it has the availability of the finished product, while many projects that launch ICO on a daily basis rarely have an MVP and are unlikely to provide their own blockchain.
Over the past week, Tron has grown by 20%. The reason behind this rise is TVM launch in the nearest future — Tron virtual machine.
After launch, the DApps (decentralized applications) could be transferred from the Ethereum blockchain and EOS to the Tron blockchain. Also, TRC-20 standard tokens will be launched (the same way as the ERC-20 tokens in the Ethereum network).
How does TVM work?
The TVM virtual machine offers developers ability to connect already existing developments to their blockchain. TVM is compatible with Ethereum, so developers can freely switch from ETH to Tron. Moreover, you do not need to learn a new programming language for that. TVM also reduces the time it takes to develop a smart-contract: developers can specify any conditions for it’s execution. The TVM virtual machine supports the DPOS (distributed proof of stake) consensus algorithm.
Differences with Ethereum
The main difference between the TVM virtual machine and Ethereum is that Gas is not required to be paid for each transaction. Thus, the performance of the TVM virtual machine will not be limited by the number of Gas in the blockchain. All transactions in TVM are free.
Tron’s blockchain is less prone to overloads: if an application exceeds the bandwidth limit, it is automatically transferred outside the main network, thereby reducing the load on it. TVM has a lighter architecture, which also helps save the resources.
New fiat couples with TRON
Another factor in the TRON token growth was the news piece from the Bitfinex about adding fiat pairs to the TRON token. Now the clients of the exchange have the opportunity to trade in tokens in pairs with the Japanese Yen, the Euro and the British Pound.
The joy for pirates? BitTorrent will reward in Tron tokens for active files distribution.
Tron integration with BitTorrent is indicated in the Tron roadmap. Tron CEO Justin Sun positions this innovation as a revolution in content distribution. He hopes that this will help to motivate the creators of unique content and relieve the process of disseminating information from unnecessary intermediaries.
Ludicrous Tron PR
By the way, there is no information if any Ethereum applications switched to the Tron blockchain so far. Users accuse Tron of excessive craving for PR and shows instead of focusing on development.
Recently, Tron has been quite surprising with its advertising activities: for example, in August, Justin announced on his Twitter account that Tron can be used to pay for Pornhub services. Earlier, the famous porn site added the option to pay Verge (XVG) and ZenCash (ZEN). Contrary to expectations, after the partnership announcement, Verge did not take off to the moon, but instead lost in price. Besides, the response of many TRX owners has been mixed. Of course, the introduction of Tron into the largest industry, which is estimated today at $ 97 billion, sounds promising. According to Justin’s logic, the liquidity of TRX on exchanges should increase, as people will buy cryptocurrency to pay for the subscription. However, on October 1, Pornhub published disappointing data: it turns out that less than 1% of users pay for the site’s services with cryptocurrency.
Of course, while the market is in a deep flat, it’s hard to imagine what kind of news сan change the trend to an upward one. However, despite the criticism, Tron has a strong marketing team that doesn’t let the community discard the project.
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