TRON Prepares for Competition With Ether After the Launch of its Mainnet Initiative

TRON the tenth largest digital currency in the world by market cap set an ambitious move forward in a bid to develop a decentralized internet. On May 31, the platform will launch their mainnet and move away from the Ethereum Blockchain. TRON a digital currency startup based in Beijing was founded by Justin Sun who also works as the company’s CEO. The digital currency has garnered a significant amount of investor and media attention as it is on course to transform the internet globally.

In 2017, TRON realized 70 million USD in its initial coin offering and quickly shifted to a reasonable position among the top 20 global digital currencies. After nearly one year, TRON’s testnet went live hence initiating their split from the Ethereum platform and ensuring the migration of 30 million users to their native network. TRON is currently number 10 on the list of the most substantial cryptocurrencies in the world after reaching a market capitalization of 5.31 billion USD.

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Being one of the primary challengers to Ether, TRON is aimed toward creating a more effective, developer-friendly network for DApps that isn’t encumbered by scaling but maintains highly as a Blockchain-powered operating system. The first primary reveal regarding the mainnet launch initiative is the TronVM v.0.1, which is scheduled for release on May 25, this year. This information was published by TRON’s CEO Justin Sun. Sun claims the initiative is designed to provide better incentive for migration. He also hinted at a possible reward program that will benefit clients who make the switch from Ether to TRON.

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The TRON Mainnet Has Come to Stay

The Mainnet program titled Odyssey 2.0, will be officially launched on May 31. The announcement of this program shows that there will be some improvements to TRON’s platform hence putting it better placed over close competitors Ethereum. The program will help in resolving issues relating to stability, efficiency, and scalability, through:

– Even distribution of the use of resources via the Blockchain.

– Asynchronous snapshot, high-, and reply functionalities.

– Optimization of multiple core parameters via BEB (binary exponential backoff) algorithms.

 

 

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