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Why did Tron [TRX] choose to free its community from Ethereum [ETH]?

Sthuthie Murthy



Why did Tron choose to free its community from Ethereum?
Source: Pixabay

Tron is the most mentioned cryptocurrency on Twitter and YouTube. The founder’s personal Twitter account alone has 484K followers and Tron foundation has 300K with 50 million monthly impressions. Focussing on YouTube, there are more than 3.2 million Tron related videos with a count of 500 videos uploaded every day.

Tron is head over the fact that they recently launched a new platform on Reddit with 70K users. He also mentioned in his talk that they will continue to work on Facebook and Instagram too in order to make Tron the hot topic and the most popular cryptocurrency in the world.

At the same time, while developing Ethereum, the shortcomings were very clear. Ethereum always had network issues and was incapable of supporting the newest generation of decentralized applications [dApps]. They couldn’t find a way to deal with governance issues either because they have a centralized system controlled by the government and the developer’s team.

Ethereum users cannot leverage their tokens, either to vote or have a voice within the community. Ethereum’s archaic gas mechanism and high gas fees leave the developers out in the cold. Every user can initiate 25 transfers a day for free.

Trading a new account requires only 0.1 TRX and the transfers need only a small amount [0.001] of TRX. If any user locks/freezes a set amount of TRX in your account, the entire amount is free. Developers can also help users show their account’s locking part.

Justin Sun explained during the Main Net:

“We must detach from Ethereum and become an independent protocol and must support real-term dApps with solid infrastructure. This is the only way to help the industry with large scale public growth.”

He continued:

“We must be independent and achieve an equal democratic system. Independence from Ethereum is our answer to the calling of the blockchain era. The time has come we are ready.”

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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.


Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla



Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.

The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.

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