Review on TRON by Vikrant Nigam
Review on TRON
TRON’s network was temporarily released on the Ethereum blockchain in 2017, then they moved to their own blockchain and released TRON’s open-source protocol later in 2018.
The TRON Protocol is one of the most widely used blockchain-based operating systems in the world. It offers public blockchain support of high reliability, high scalability, and low cost.
The developers’ main goal is to build a free, global digital content entertainment system with a distributed storage technology that allows an easy and cost-effective sharing of digital content.
Pros
- TRON has many features like peer-to-peer transactions, consensus mechanisms, smart contract protocol, supporting gambling and currency exchange for gaming, and flexibility on blockchain applications.
- TRON’s presented technical solutions can widely expand its scalability as it supports a large number of running applications with the ability to maintain a significant entertainment content on its network, in addition to supporting game currencies within its ecosystem. All of which can bring a huge user base in the future.
- TRON’s blockchain has a high-throughput as it is able to process more than 2000 transactions per second which surpasses Bitcoin and Ethereum ability to a reasonable degree for daily-use
- TRON is heavily capitalized and supported by well-known Asian businessmen like Yin Mingshan (CEO of industrial giant Lifan), Tang Binseng (creator of “Clash of Kings” game), and others. This could be a mark on a serious faith in the project’s prospects.
Cons
- Many have criticized the team of TRON for being excessively ambitious. For instance, their 10-year scheduled roadmap casts some doubts, it’s not clear enough how they are supposed to go on their way to achieve all their goals.
- TRON TRX price is subject to be affected by uncertain TRX TRON news, scandal-related TRX events or rumors. This happened when some people who came to TRON’s office in Beijing were claiming that TRON was involved in the fraudulent scheme called Wave Field Super. They claim the project of Wave Field Superwas was covered by the TRON brand, to be clear later that TRON’s official representatives were reckless as they haven’t refuted these rumors for a long time. But later, Justin Sun declared that TRON had nothing to do with this scam project and that he is ready to help the police catch the criminals.
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Comments (1)
August 31, 2020
Tron project is one of well known project. The native coin TRX is one of the digital currency in invested in when i came to crypto community. The coin is supported by many well known crypto wallet. Though it value still less than one Dollar, in my opinion it still has great feature.
