Review on TRON by Stephen Toluwani

Name: TRON
Item: TRON
Rating: 5

December 09, 2020

Tron can be rated for many things. Speed and Transaction costs spearheads this Coin

Since my ﻿time in the Crypto industry, I have always cherished the capacity of the Tron Network. The features one finds on its Ecosystem is very vast and helps Crypto enthusiast from all works of life. The basic use case of Tron is for the creation of Dapps, Playing Games and trading it, but over the years due to the works being done by the Tron foundation, many more use cases are being implemented to it's Ecosystem. The features that Tron exhibit is that it uses a Delegated Proof of Stake consensus mechanism for it's network security. This PoS model of mining allows holders of its token to stake in their coins, delegate network Validators and earn regular TRX for that. This personally has been a source of passive income for me which I can claim and redeem at anytime. Staking this coins gives or supplies users Energy and bandwidth which can be used in facilitating transaction fees, that is to say, when a user has enough energy or/and bandwidth for a transaction, the TRX won't be used in paying for a transaction made. The speed of its Transactions are also light speed, usually completed under a minute.
developers﻿
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Pros

The Tron Network can be used by developers in creating Decentralized apps and TRC tokens to represent digital money
Being developed and updated regularly, the Tron ecosystem has been able to wrap major coins into it's Network. Coins such as Bitcoin, Ethereum and Huobi tokens can be found on the Tron Network. This can be seen as as an interporable feature as one can invest into other cryptocurrencies without having to switch sides
Using a Delegated Proof of Stake consensus mechanism makes Transactions cheaper and faster. This is exactly what gives Tron an edge over many other Crypto projects
Using a PoS allows its community to stake and vote for delegators to secure the network and get staking rewards for that

Cons