Tron 101: The cryptocurrency of the future

Innovation in the cryptocurrency world is a path to follow, that is why every day we see more and more updates made on all the cryptocurrencies we know, or even better, more cryptocurrencies are developed with amazing characteristics and attributes that let us wanting for more.

Like such is the case of Tron, a recently born yet incredibly emerging cryptocurrency with one of the greater current attributes in the market. It was developed at the end of the last year by Justin Sun, the CEO of the company; and since its launch has experienced some outstanding behaviors.

The digital coin was explicitly designed to be a solution regarding the internet transparency, intending as such to provide its users with a more open and clean interaction with the crypto-related assets.

Furthermore, the coin has experienced an amazingly ascending behavior within the first months, proving in the crypto world that no matter how new, it is possible to have an exponential growth; and sure they did, raising in a 12,600 percent in just 30 days.

Regarding the growth of the currency, it is believed that a significant part of this peak was caused by the novelty of the coin, which is why later a significant decreasing occurred letting the cryptocurrency on a trading price of $0.02. However, this was only until yesterday when the digital coin, again, experienced another significant rise of a 30 percent.

Like this results clear that the coin hasn’t been very stable lately, but despite the volatility, it is becoming very popular one, and more people are joining the new cryptocurrency as consolidated users. Regarding this, the cryptocurrency hub, Independent Republic, stated:

“It sets out do this with data liberation: free and uncontrolled data. Enabling an ecosystem where users can obtain digital assets from content spreading cuts out the need for third-party sites we value so high today – and this is what makes this so revolutionary. It is no surprise that Tron has seen rapid growth this past week. While more FUD seems to come into the market every day, it is times like this where we can see that the proof is simply in the pudding”.

In other words, Tron attributes are very appreciable, in fact, one of the things that make Tron so unique is the opportunity given to its users of accessing to a decentralized trading platform where they can successfully and efficiently complete hosting media projects; and the best of all, no middleman is needed.

Besides, other mediums like academic contents, images, videos, and others could be accessed on Tron’s platform, which will reduce the paywalls used in several media sites today. To sum up, what’s making Tron so interesting these days is that in spite of its slender value in the market, it’s already ranked as one the 20 most important cryptocurrencies worldwide.

Its users are putting a bet on the coin, even anxiously waiting for a full version released which they could interact adequately, which doubtlessly suggest a potential growth for the coin in the next few months. Moreover, the cryptocurrency ensures the users a platform with utilities never seen before and the opportunity of making of the internet a more straightforward and friendly place to interact with.

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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.

Image courtesy of #tom #malavoda via Flickr