Head to Head: Will Tron Succeed in Dominating Ethereum?
- Trom is set to launch its main net by the end of May.
Rivalry is a quite common phenomenon in the crypto-sphere, but this time it reached a new peak. Recently, two industry titans - Vitalik Buterin and Justin Sun - engaged in a battle to praise their own project and dominate over the other.
Tron, the platform created by Justin Sun, has moved to its next development phase by launching the test net of its native platform last month. This indicated Tron’s migration from ERC20 platform and marks a huge blow to Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term as Tron has a vast user base on its DApps, who will migrate from Ethereum to Tron as well.
According to Justin Sun, the shortcomings of Ethereum forced Tron to develop its native platform.
Sun’s ambition for Tron is clear with his statement on the launch event of Tron’s test net. He said: “From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform.”
“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future,” he added.
A Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term can be characterized by various parameters - security, transaction fee, scalability, network speed and many more. Tron addressed all shortcomings of Ethereum based on these parameters while creating its own platform.
Earlier this month, Sun compared the two blockchains and tweeted:
Why #TRON is better than #ETH: 1. 10000TPS vs. 25TPS 2. zero fee vs. high fee 3. consistent Coinburn vs. no coinburn 4. Java vs. Solidity 5. strong extensibility vs. no ex. 6. 1 billion USD developers rewards vs. no plan 7. 100 million users vs. small number #TRX $TRX pic.twitter.com/WvxH5EToa8
— Justin Sun 🅣🌞 (@justinsuntron) April 6, 2018
Airdrop sealed the deal
Recently, Tron announced an airdrop of 30 million TRX tokens worth around $1.7 million to the Ethereum community. Though according to Tron’s team, this is a token of “appreciation” to the community of the platform on which Tron started its journey, the real reason is something different.
#TRON wouldn’t be where we are today without #Ethereum. But we want to solve issues when we see them. Stay tuned for a $TRX airdrop today! Use #TRX to experience our high TPS platform & join the #TRON democracy—#ETH offers neither. https://t.co/zvQjnzO7Zu
— Justin Sun 🅣🌞 (@justinsuntron) April 21, 2018
Tron will randomly reward ETH holders with a balance of over 1 ETH after 1st January. This will open the gates for the Ethereum community to try and test Tron’s platform.
If according to Tron’s claim, its new platform succeeds to offer a better experience to the user, this might ultimately hurt Ethereum.
Buterin's response
Ethereum’s founder Vitalik Buterin didn’t hesitate to take on the claims made by Justin Sun and his team against Ethereum.
In a recent interview with Financial Times, Buterin denounced the credibility of most of the altcoin projects, especially Tron. Though he did not shout out the name, Buterin told Financial Times: “There’s projects that never had a soul, that are just like, ra-ra, price go up, Lambo, vrromm, buybuybuy now!”
Earlier, when Sun was bragging about the advantages of Tron’s blockchain over Ethereum, Buterin touched on the controversial topic of Tron’s whitepaper plagiarism.
8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— vitalik.eth (@VitalikButerin) April 6, 2018
Can Tron take on Ethereum?
Well, dominating Ethereum will not be an easy task for Tron. Ethereum is strongly holding the second position on the market with over $63 billion in market cap, according to CoinMarketCap.com, while Tron’s has a mere $3.5 billion.
However, Tron’s migration will definitely impact Buterin’s project. If the migration of 100 million users of Tron’s DApps, does not impact Ethereum that much, the Airdrop worth $1.7 million definitely will.
Rivalry is a quite common phenomenon in the crypto-sphere, but this time it reached a new peak. Recently, two industry titans - Vitalik Buterin and Justin Sun - engaged in a battle to praise their own project and dominate over the other.
Tron, the platform created by Justin Sun, has moved to its next development phase by launching the test net of its native platform last month. This indicated Tron’s migration from ERC20 platform and marks a huge blow to Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term as Tron has a vast user base on its DApps, who will migrate from Ethereum to Tron as well.
According to Justin Sun, the shortcomings of Ethereum forced Tron to develop its native platform.
Sun’s ambition for Tron is clear with his statement on the launch event of Tron’s test net. He said: “From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform.”
“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future,” he added.
A Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term can be characterized by various parameters - security, transaction fee, scalability, network speed and many more. Tron addressed all shortcomings of Ethereum based on these parameters while creating its own platform.
Earlier this month, Sun compared the two blockchains and tweeted:
Why #TRON is better than #ETH: 1. 10000TPS vs. 25TPS 2. zero fee vs. high fee 3. consistent Coinburn vs. no coinburn 4. Java vs. Solidity 5. strong extensibility vs. no ex. 6. 1 billion USD developers rewards vs. no plan 7. 100 million users vs. small number #TRX $TRX pic.twitter.com/WvxH5EToa8
— Justin Sun 🅣🌞 (@justinsuntron) April 6, 2018
Airdrop sealed the deal
Recently, Tron announced an airdrop of 30 million TRX tokens worth around $1.7 million to the Ethereum community. Though according to Tron’s team, this is a token of “appreciation” to the community of the platform on which Tron started its journey, the real reason is something different.
#TRON wouldn’t be where we are today without #Ethereum. But we want to solve issues when we see them. Stay tuned for a $TRX airdrop today! Use #TRX to experience our high TPS platform & join the #TRON democracy—#ETH offers neither. https://t.co/zvQjnzO7Zu
— Justin Sun 🅣🌞 (@justinsuntron) April 21, 2018
Tron will randomly reward ETH holders with a balance of over 1 ETH after 1st January. This will open the gates for the Ethereum community to try and test Tron’s platform.
If according to Tron’s claim, its new platform succeeds to offer a better experience to the user, this might ultimately hurt Ethereum.
Buterin's response
Ethereum’s founder Vitalik Buterin didn’t hesitate to take on the claims made by Justin Sun and his team against Ethereum.
In a recent interview with Financial Times, Buterin denounced the credibility of most of the altcoin projects, especially Tron. Though he did not shout out the name, Buterin told Financial Times: “There’s projects that never had a soul, that are just like, ra-ra, price go up, Lambo, vrromm, buybuybuy now!”
Earlier, when Sun was bragging about the advantages of Tron’s blockchain over Ethereum, Buterin touched on the controversial topic of Tron’s whitepaper plagiarism.
8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— vitalik.eth (@VitalikButerin) April 6, 2018
Can Tron take on Ethereum?
Well, dominating Ethereum will not be an easy task for Tron. Ethereum is strongly holding the second position on the market with over $63 billion in market cap, according to CoinMarketCap.com, while Tron’s has a mere $3.5 billion.
However, Tron’s migration will definitely impact Buterin’s project. If the migration of 100 million users of Tron’s DApps, does not impact Ethereum that much, the Airdrop worth $1.7 million definitely will.