TRON Is Finally Leaving Home - Beta Testing Begins Today
- Justin Sun leads his tribe to pastures new.
TRON describes itself as a 'global broadcast platform'. It is currently number ten in the cryptocurrency Premier League, with a market capitalisation of approximately $4 billion according to coinmarketcap.com and $6.2 billion according to its own website.
It was created by Chinese national Justin Sun using the Ethereum 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. According to Sun, it is the shortcomings of Ethereum which have forced the move, and he clearly stated that he wants TRON to compete with Ethereum.
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
Allegations surfaced in January that large sections of the company's whitepaper had been copied wholesale from other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, without references. Sun issued a vague response blaming translation issues.
The time had come to move.
According to a press release, TRON will today be released on its own blockchain in open beta. Public testing will take place this month, and then TRON will "shed its ERC20 identity and become a true token within the TRON ecosystem."
The genesis block will be laid on the 25th of June, a fateful date which the team is calling "Independence Day".
TRON uses a proof of stake system with delegate nodes selected by voting - the first "Super Representative Election" will be held on the 26th of June. A list of candidates is available on its website. According to the press release: "The TRON Network is a basic-layer public blockchain that improves upon the Ethereum model by featuring a high-throughput, high-extension, and high-reliability support for the protocol's decentralized application operations."
TRON further claims that its delegate system is 400 times faster than Ethereum. I have discussed the pros and cons of this system in other articles, but seeing Ethereum mentioned so many times in the press release, one has to wonder what happened between Sun and Buterin...
The migration will be streamed live for those interested.
TRON describes itself as a 'global broadcast platform'. It is currently number ten in the cryptocurrency Premier League, with a market capitalisation of approximately $4 billion according to coinmarketcap.com and $6.2 billion according to its own website.
It was created by Chinese national Justin Sun using the Ethereum 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. According to Sun, it is the shortcomings of Ethereum which have forced the move, and he clearly stated that he wants TRON to compete with Ethereum.
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
Allegations surfaced in January that large sections of the company's whitepaper had been copied wholesale from other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, without references. Sun issued a vague response blaming translation issues.
The time had come to move.
According to a press release, TRON will today be released on its own blockchain in open beta. Public testing will take place this month, and then TRON will "shed its ERC20 identity and become a true token within the TRON ecosystem."
The genesis block will be laid on the 25th of June, a fateful date which the team is calling "Independence Day".
TRON uses a proof of stake system with delegate nodes selected by voting - the first "Super Representative Election" will be held on the 26th of June. A list of candidates is available on its website. According to the press release: "The TRON Network is a basic-layer public blockchain that improves upon the Ethereum model by featuring a high-throughput, high-extension, and high-reliability support for the protocol's decentralized application operations."
TRON further claims that its delegate system is 400 times faster than Ethereum. I have discussed the pros and cons of this system in other articles, but seeing Ethereum mentioned so many times in the press release, one has to wonder what happened between Sun and Buterin...
The migration will be streamed live for those interested.