Review on TRON by Japheth Ayuba
An impressive option for Nascent investors
The Tron Network can be seen to be a major contender to Ethereum and many other blockchains that allows Developers create their own projects using the infrastructure of the parent ecosystem. The major reason to this is because of transaction costs which is a near zero cost as long as the user has enough coins frozen for that purpose. I myself prefer the use of Tron specifically for it's Transaction fees as they are feasible for use in my locality in sending transactions. Although there is low adoption for use of this coin for making payments because it's major usefulness was for Developers to create their own projects under it's ecosystem using the infrastructure provided by the Tron Network. I Being more of a Crypto trader, my focus on Tron was on its price and I can say, Tron isn't a good coin for long term holders but the Volatility in it's price is good enough for trading. The mining model for it's coin is a good option for the environment and might be one of the reason the project will stand the test of time.
A major reason to why Tron is being antagonized today is due to the way it's Creator shared the supply of the coin which appears to be more of being centralized rather than following the tenets of Decentralization of cryptocurrencies. Also the supply of the maximum supply of the coin (which is one thing many holders Look into) doesn't make the coin to be seeing good price movements in the future but is still good for the staking rewards it provides for freezing the coins. Am not a fan of the Tron coin or it's project in general, but it all the same stands out among many other Crypto projects out there today and might still be a good option for nascent investors and traders
Pros
- Transaction fees are a near zero dollar cost which makes Tron very feasible for use in making payments
- Many developers are beginning to make use of the Tron ecosystem in creating their projects which will positively affect price and adoption of its network
- A wide variety of Crypto wallets supports the holding of Trons and its underlying tokens
- The use of a Proof of Stake for mining makes Tron energy and environmental efficient for use in a longer term
Cons
- Its increased fee for energy has made burning of TRX very impalatable
- The creator of tron, Justin Sun is said to hold more than 50% of the token supply in his coffers and this makes the project appear Centralized
- Total token supply of the coin makes it unfeasible for long term price movement
