Review on TRON by Tural Ahmadli
History of TRON and TRON
Hello everyone, I'm Tural, today I will give you some information about TRON. Tron was founded in 2017 by Justin Sun. Before China banned digital tokens, it raised $ 70 million in 2017 with an offer of intial coins. In 2018, TRON replaced its protocol ethereun with an independent peer-to-peer network from an ERC-20 token on top of it. After that, it was marketed to rival Ethereum. On 25 July 2018, the TRON Foundation announced that it has completed the acquisition of Bittorrent, the largest peer-to-peer file sharing network. [5] Upon this acquisition, in August 2018, Bittorrent founder Bram Cohen also announced that he was leaving the company to found Chia, an alternative to Bitcoin created as a less energy-intensive cryptocurrency.
๏ปฟ
As of January 2019, TRON's total market cap was approximately $1.6 billion. Despite this market performance, some authors saw TRON as a typical example of the complex and erratic nature of cryptocurrencies. In February 2019, after being acquired by the Tron Foundation, BitTorrent launched its own token sale based on the TRON network.
๏ปฟ
In May 2019, cybersecurity testing service HackerOne announced that just one computer can bring TRON's entire blockchain to a standstill. The statement showed that a stack of requests sent by a single PC could be used to compress the power of the blockchain's CPU, overload memory and perform a distributed denial of service (DDoS) attack.
๏ปฟ
Pros
- It is a reliable coin
- has been on the market for a long time
Cons
- can sometimes experience dips
