Why TRON (TRX) is as Promising as the Original Cryptocurrency

December was a cornerstone month for many uprising cryptocurrencies and so we had a chance to see many of the digital currencies hitting the roof with its rising values, which wrapped up the year of 2017 as a successful year for anyone who decided to invest in “new money”.

While Bitcoin was setting the market on fire with its current value of 15,000$ per single Bitcoin, other currencies thrived as well with Litcoin rising for 333% in only a couple of days and Ripple jumping with its value for over 80% of increase.

However, one digital currency has managed to get over 500% of increase during this month, thus making it one of the most promising new digital currencies.

TRON (TRX), Tronix is one of the most promising digital currencies currently available on the trading market of cryptocurrencies and together with other currencies that are experiencing rise of popularity and value as well as general expansion, it makes a great opportunity for trading and investing.

But why you should invest in TRON? In order to be certain that your investment is made to be promising and eventually cashable, you need to know what you are investing in, so what is TRON exactly and why its value jumped for 500% in the past month?

TRON and its Value to Ethereum Technology

If you are into cryptocurrencies, whether you are investing or mining, or just enthusiastically following up with the latest news revolving around new age digital money, then you surely know what blockchain technology is. For those who are not as familiar with this term, simply put, blockchain technology is a way of storing data privately without having a third party involved, which also enables private, non-mediated, un-interrupted transactions that are made to be cheap, economical and efficient.

Bitcoin is made based on blockchain technology and as other digital currencies are made inspired by this currency, all currencies are operating on this system, making you enabled to make your transactions privately. Now, although TRON is similar to Bitcoin, one must take the liberty to link this currency rather to Ethereum than to compare it with Bitcoin. This is the case because TRON is one of the first currencies to be involved with micro transactions, being compatible with Ethereum and the way Ethereum works.

In case you are not familiar with Ethereum, here is what this blockchain based value actually represents – explaining how this mechanism works will also highlight the importance and potential of TRON as well as casting a light on its sudden value increase and popularity.

What is Ethereum and How TRON is linked to it?

Ethereum is a blockchain based technology inspired by Bitcoin and its original design that made hundreds of people rich. But, unlike Bitcoin’s blockchains that serve the purpose solely for mining coins and making transactions, the creator of Ethereum had a wider picture of what you should be able to accomplish with blockchain technology. So, instead of only using blockchain for transaction, Ethereum is made to enable not only transactions within the network, but also  permitting users who are part of Ethereum community to trade anything of value – that would include shares and anything else that has a certain value and can be traded. In a way it represents a closed community that enables inner growth also regarding development of the internet, put in simple words.

Any user, who is working on the Ethereum, in case the user owns knowledge that would enable him to, can work on creating any type of applications that can be used and traded within Ethereum. All transactions and app development with Ethereum, which is based on blockchain technology, are contributing to decentralized platform that enables free transactions with having a third party getting involved. The same goes for applications – there are no third parties getting involved in the sense of promoting applications or acting as a mediator between the user and creator of applications being used – that said, all applications are freely distributed, programmed and used.

TRON is functioning exactly as Ethereum, so instead of having only Tronix, a digital currency that cab used for trading and transactions, like with Bitcoin, you actually have TRON as a platform and a patron of Tronix – TRON’s digital currency as Ethereum has Ethereum tokens you can earn while working on Ethereum apps and development.

TRON is also accepting other currencies except TRX, although this currency is their official currency. TRON is also working on developing decentralized platform where you can perform micro transactions and trade with any type of value as well as work on developing their network – the same blockchain technology opportunity that Ethereum is using.

Should You Invest?

With the current state of the market and the general demand, TRX seems to be very promising currency, where financial experts are predicting continued increase of this currency’s value in the following year as well. With the recent dizzy increase of Bitcoin, other cryptocurrencies’ values are also experiencing the same fortune, while TRX is on the top of that rising scale of success and increased demand with over 500% of increase in the past month.

With the current value of $0.034, TRX is still widely available for purchase and economical to invest in. Just remember those who had purchased Bitcoin when the value was 14.000 times lower than now – those same investors now have a chance of owning millions of dollars worth Bitcoins.

To jump to our final conclusion, TRX seems to be the promising offspring of rising cryptocurrencies – inspired by Ethereum and upgraded as a value that could be used for more than just making transactions, you are investing in more than just monetary value when investing in TRON and its currency – Tronix.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of coinmarketcap.com