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Tron’s (Trx) Rapid Development Hints at the Project’s Full Potential

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It has been less than a year since TRON (TRX) launched its MainNet, but during this short period, the project has seen a massive amount of success. Not only did it partner up with countless exchanges and other projects, but it also went through a token migration, token burns, and a Super Representatives election.

Then, it acquired BitTorrent and announced Project Atlas, which later led to the launch of the BitTorrent token (BTT). In addition, it launched its own DEX, its ecosystem exploded with dApps and smart contracts, and it even managed to beat several records regarding the number of transactions per day and week.

While all of this already seems like more than a project should be able to achieve in less than a year — it is only the tip of the iceberg in TRON’s case. Misha Lederman, who has been elected as an advisor to the dApp Evolution Ecosystem, and who is deeply respected within the TRON community, often points out TRON’s achievements.

He recently noted that TRON’s number of dApp users exceeded 88,928 on April 30th, while the project had over 407 active dApps at the time. In addition, TRON is nearing its 1,000th smart contract, which proves that developers are favoring the ecosystem more than ever.

While the project is young, it is extremely innovative, brimming with enthusiasm, creativity, and has a rapidly-growing user base. There is proof of this as well, as the project already has over two million addresses.

With all of this in mind, it is clear that TRON is slowly, but surely, becoming one of the most popular platforms in the world of blockchain. The project has managed to avoid controversies and scandals, unlike other coins, particularly Tether (USDT). Meanwhile, TRON’s dApp number is growing as well, with new ones getting launched all the time. With a situation like that, it would not be surprising if TRON surpassed EOS in terms of dApp innovation, and become the so-called ‘Ethereum Killer.’

TRON vs EOS and Ethereum

While TRON may be at the 11th spot in terms of market cap, it is only third when it comes to dApps. EOS still holds the second place, while Ethereum leads. However, this situation might change in weeks to come, if TRON’s development continues at this pace.

Ethereum will be a much more difficult project to surpass, as it already has over 1700 dApps, where TRON still has just a bit over 400. However, it is also important to note that Ethereum has been developing dApps for nearly four years now, while TRON had less than one. In addition, the speed at which TRON dApps are coming out is increasing, while Ethereum’s developers appear to be migrating away in favor of EOS and TRON.

Finally, as proof that the perspective does matter, there is CCID (Chinese Ministry of Industry and Technology Development), which made its own list of best projects. On their list, EOS currently leads as the best one, while TRON is a close second. However, this list does not focus on the number of dApps, but instead on creativity, innovative ideas, the applicability of an asset, and essential technological ability.

TRON is certainly deserving of the high rank, and it is likely only a matter of time before it surpasses EOS. As for Ethereum, it is still one of the most important projects ever to be developed, and that will never change. However, Ethereum’s focus is on smart contracts, rather than the coin or dApps, which is still an area where the project dominates, and that is unlikely to change anytime soon.

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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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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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