The Tron Main Net is just about to go online on coming May 31st. It’s only three days away from now and chances are it’s going to be one of the year’s main events in the cryptocurrency community.
It’s a huge deal. Tron will become independent from Ethereum’s blockchain and go on its own. Remember that Justin Sun‘s (Tron’s founder and CEO) vision is not just about a successful crypto coin. He wants to create a web that is fully decentralized in which content creators do not need to rely on corporations or central authorities to monetize their work. It’s ambitious on an epic scale, but Mr. Sun’s previous successes make us think that he could just pull it off, given enough time.
As Tron’s new Main Net comes live it will be a full platform to create decentralized applications. An operating system working on a new, independent blockchain. It can support lots of apps, transactions times will be very short, transaction fees will be ridiculously cheap. As Tron leaves behind Ethereum and the ERC-20 blockchain, possibilities will expand incredibly.
The Main Net is not online yet. So you’re still in time. Let me give you four very good reasons to get involved with Tron and Tronix (TRX) before the Main Nets goes online and changes the game for everybody!
1. Transaction costs
Within the new Main Net transactions will be so cheap that you will have a hard time telling the difference between their fees and free transfers. No, seriously. It will cost 0.00005 USD per transaction.
Let’s be even clearer: one penny will get you two hundred thousand transactions in Tron’s new Main Net. Compare this with how much it costs to do business in Bitcoin or Ethereum (from one to five USD per transaction). This feature alone will make Tron a more attractive option than Ethereum.
2. Speed in transactions equals the volume
Ethereum has been very criticized because it lacks scalability. Tron’s new blockchain will solve that bigtime. Tron’s new net will handle more than a thousand transactions per second (not impressed? Bitcoin can handle only one every ten minutes!). This kind of speed will allow bringing volume around.
As Tron goes away from Ethereum it will become unleashed (from 25 TPS to 10,000 TPS). This will attract the attention of potential partners who are looking to use the blockchain technology to do things faster, cheaper and more reliable.
3. Custom smart contract support
Tron’s new Main Net will include support for smart contracts, and it doesn’t even need a custom programming language as EOS, Ethereum or Stellar. Java does the trick. This opens up the field for developers that don’t need specialization in crypto stuff. Java is as a standard a programming language as you can get. These contracts will be easy to develop, they will be highly scalable, fast, lightweight and fully decentralized.
Tron knows what it is doing. They already have several decentralized apps ready to be deployed as soon as the Main Net goes live. And once the world sees what the Tron Net can do, the number of apps can only go up.
Tron’s new blockchain will go live, it will be fully autonomous and then Tron will be able to run apps and issue tokens for its partners. This will make the crypto community and outsiders confident in Tron’s technology (Mr. Sun’s charismatic leadership and close association with Alibaba‘s Jack Ma won’t hurt either). Once each Tron’s partner has its app running in full over Tron’s new main net things can only explode. It will bring new users and developers, trading volumes will go up and customers will erupt like if nothing.
As neutral observers watch Tron’s success and the things it’s doing for its partners, they will want to join in.
So are you thinking about investing in Tron’s TRX? What are you waiting for? The last week wasn’t great for any digital coins at all, but the thing is, Tron is still cheap. You can get it in volume and then just sit back and see how it increases in value. This is the time and we sincerely think you will not regret it.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
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