Justin Sun, the CEO and founder of Tron Foundation, has told developers to shift to the Tron blockchain instead of utilizing dApps on the Ethereum blockchain.
A developer by the name of Afri Schoedon had tweeted that the Ethereum network was at full capacity, and Sun was responding to this tweet.
Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX https://t.co/gRCtOC0rIS
— Justin Sun (@justinsuntron) September 24, 2018
Specifically, he urged the cryptocurrency developer community to move to use “$ETC, or $POA,” although, clearly, Justin Sun used it as an opportunity to endorse his very own project.
Mr. Schoedon’s statement could be verified by concerning, which monitors blockchain activity worldwide, and confirmed that there were almost a staggering 60,000 transactions on the ethereum blockchain.
The co-founder of Ethereum, Vitalik Buterin, countered that there are Dapps that could undergo gas utilization optimization to combat this.
It goes without saying that this is clearly a self-serving statement, considering Buterin helped to create ethereum, which like most cryptocurrencies – including Tron (TRX) – has decreased tremendously in terms of market capitalization this year.
This all is in the keeping of Justin Sun trumpeting his Tron Virtual Machine as a new tool for developers, pointing out that it is completely compatible with the Ethereum Virtual Machine.
During the launch, he had boasted that developers could move the projects to the TVM (Tron Virtual Machine) for “almost free” and believed that this was a milestone for the Tron ecosystem, which would help bring massive value to the Tron project and the cryptocurrency sector in general.
It is also important to note that this isn’t the first time that Sun has been tried to boast about his project while pointing out the flaws of another.
However, the last time that this happened it could be argued that the Twitter feud between Justin Sun and Charlie Lee (creator of Litecoin) started with Charlie Lee.
Mr. Lee coyly referred to the movie “Tron” and gave his opinion on the movie, stating that people “kept asking his opinion about it,” although clearly, people were more interested in knowing about his opinion about the Justin Sun-led project. He jabbed the project, by stating that it was “extremely hyped without a lot of substance.”
Although he walked back with the statement, by stating that he did not know a lot about the project, many believed that his statement was clear. Mr. Sun responded that he “loved” Charlie Lee and Litecoin, and that it was a pity that he had sold all of his litecoin, referencing Lee’s controversial decision to sell his personal Litecoin holdings.
He also pointed out that he had “locked up all $TRX until 2020” and pointed out that this is because he was wholly confident in the project, a clear indication that Sun thought Lee had stopped believing in Litecoin when he sold it.
• 100x faster than #ETH
• great user/developer experience
• free transactions
• @BitTorrent integration
• https://t.co/J7MaeLUtH4 acquisition
• resource efficient (Bandwidth)
• energy-friendly (DPoS) no mining
• Strong community
What else #TRONICS
— TRON News 新聞 (@TronNews_) September 24, 2018
With regards to this latest comparison – there are critics of Tron that still believe that Tron is nowhere near as scalable or secure as Ethereum, and thus will never indeed be a project with as much value as its competitor.
Others believe that TRX is destined to be one of the most important coins in cryptocurrency and that its climb to a top 10 market capitalization is all but inevitable. Time will tell whether Mr. Sun will ultimately be able to deliver on his promises and whether the project could eventually surpass ethereum.
For the latest cryptocurrency news, join our Telegram!
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. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Photo by Tim Gouw on Unsplash
A matter of time before TRON (TRX) achieves mass adoption
Tron (TRX) has all its eyes on decentralizing the internet, or rather content-sharing to ensure that creatives, artists, musicians, and authors can all release their content without the need of middle companies. As it seems, Tron’s founder hopes that the coin will challenge the globe’s major content providers like Facebook and YouTube.
The coin has undoubtedly made progress since its launch from a coin offering on the Ethereum ledger platform to now a native coin present on the official Tron Mainnet. If you think launching the independent MainNet is all Tron wanted to achieve, you are mistaken.
The aim is towards mass adoption as well as creating a decentralized web. Yeah, it is a fact that in the past weeks TRX has experienced price declines, but currently, the cryptocurrency is riding 5.37% hike against the USD in the last 24 hours (remember most of the other top coins including Bitcoin are in red).
It’s also continued succeeding in attaining quality listings such as the Bittrex (to name one of the most recent ones). Therefore, it seems as every step TRON makes is a sign of progress to make the decentralized web a reality.
How TRON (TRX) is Making Mass Adoption a Reality
The primary objective for TRON (TRX) is to create a decentralized web which will be a representation of the internet’s next generation. Therefore, in making that a reality, the largest file-sharing platform, BitTorrent that has over 100M global…
Cardano (ADA) research manager meets with Brazil representatives
Cardano is one of the top crypto assets in the market today. With its visionary team, it has become robust in creating projects that not only benefit its blockchain but the world.
Its CEO, Charles Hoskinson, also the founder of IOHK, has also been focused on making sure Cardano’s utility spreads across countries. It is important to know that IOHK, the team that has developed Cardano’s blockchain was created in 2015.
IOHK is a reputable digital company that is poised in making use of peer-to-peer innovations to provide financial services to more than 3 billion people that don’t really have access to them.
As part of the plans by the Cardano’s team to provide great innovations for providing financial services to people worldwide, and empower countries across the world, Cardano’s research manager, Mario Larangiera, met with Mario Borges, the President of the Brazilian National Council for Scientific and Technological Development (CNPq) in the Brazilian Embassy in Tokyo, in Japan, to talk about the future of Brazil.
Mario Larangiera tweeted on his Twitter page:
“Meeting with Mario Borges the president of the Brazilian National Council for Scientific and Technological Development (CNDq) in the Brazilian Embassy in Tokyo. In Japan but thinking about the future of Brazil.”
Moving forward, it is important to note that Cardano is poised in making great systems for financial services of the world, and it is taking a wise approach with its collaborations.…
Hyperion-Stellar Partnership Finalized — Support For Stellar’s Crypto Assets Trade About To Arrive
Hyperion and Stellar: A new partnership
According to a recent announcement by Global Blockchain Technologies Corp., it would seem that the known crypto exchange Hyperion has finally made an agreement with Stellar (XLM). The new partnership is to allow Stellar’s own crypto assets to be traded on Hyperion’s platform. This move is expected to significantly impact Stellar’s price and spread awareness of the coin and its goal even further.
Hyperion uses an alternative trading system (ATS), which was licensed by the SEC. As a part of this arrangement, previously attained via investment in DBOT (Delaware Board of Trade), Hyperion has permission to also operate as a broker-dealer. It is also expected to become North America’s first advanced security token exchange.
As many are already aware of, Stellar is a trading protocol that is used for issuing, exchanging, and transferring digital assets. It works with several other cryptocurrencies, but also with fiat currencies like the USD. Additionally, Stellar also works even with some commodity assets, like gold.
Stellar’s goal is similar to that of Ripple, at least when it comes to enabling faster and better cross-border transactions. While Ripple focuses on providing its services to banks and financial institutions, Stellar aims to provide these services to individual investors. Thanks to this, Stellar has received a lot of attention and praise from individual investors, as the general interest in cryptocurrencies grew.
Why is this partnership important?
By joining Hyperion’s…
Policymakers on crypto regulations during Ripple Swell and the effects on the market now
Taking the Booming Cosplay Industry to the Next Level with Tokenization
A matter of time before TRON (TRX) achieves mass adoption
Altcoins2 weeks ago
Tron (TRX) could reach $3.50 before the year closes and $10 when 2019 ends
Don't Miss1 week ago
Exclusive: Ripple (XRP) to be exhibited at SWIFT’s Sibos conference
Altcoins2 weeks ago
TRON sheds more light on BitTorrent integration with TRX
Altcoins2 weeks ago
Ethereum killers? Think Tron (TRX) and Qtum, according to startup mentor
Altcoins1 week ago
Why is xRapid not bringing XRP price up?
Altcoins7 days ago
You think Tron (TRX) looks good? It’s even better
Don't Miss5 days ago
Exclusive: Singapore to develop Ripple (XRP)-powered invoice trading platform
Altcoins3 days ago
TRON TRX: A Perfect Way To Bring Games To Blockchain