Public Thoughts #13: Tron, one of the Most Undervalued Blockchains

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3 years ago

If you are in the crypto world you heard about a Coin called TRX or Tron, this coin was created by a young millionaire named Justin Sun. Tron started as a ERC-20 token in ETH blockchain but soon created it's own path and Tron blockchain was created by a hard-fork in Ethereum, the governance token for Tron foundation is TRX. What is good about this blockchain compared to ETH you may ask. ETH is an incredible blockchain and has incredible DAPPS, so why are we talking about Tron?

When you are trying to get into ETH blockchain, if you are not a rich investor, you will stop at a problem right away, transfering ETH, trasactions in ETH cost a Gas fee, this Gas fee is so large that you could end up trying to send ETH and the fee is greater that the amount you are trying to send. Taking the situation to Tron blockchain, if you try to send a quantity of Tron to anywhere your fees will be zero if you have some TRX staked for energy or it will be at max 3 TRX if you don't have any energy, converting this to dollar your fee will be less than 0.1 $. The normal transaction fee in ETH right now is 2.50$. So in an investment prespective one point for Tron.

When you make a transaction there is a time to process the transaction and validate the transaction. While ETH takes a little while to make transactions, Tron is super fast, that's why Tron is so known for the gambling dapps, you can place a bet and the transaction will be validated and trasacted in the blink of an eye. So in a click in tron blockchain everything you are doing it's done, this is a fulcral point in trading prespectives as the prices move really quickly. I think that's two points for Tron blockchain.

Making dapps and building smart contracts is very easy in tron. Tron has farming dapps, exchanges everything that ETH has but its dapps aren't so used as ETH dapps. Dapps like SUN, JustSwap, UME, Bankroll, Wink (casino), BitTorrent token and much more with a ease of use that it isn't even comparable to ETH. You have Tether in Tron as a TRC-20 token and you even have USDJ a token like tether. Another point for Tron.

Just by having Tron frozen in your wallet and voting in a Super Representative you will receive daily income in your walllet directly. So it is another point for Tron.

What makes people not liking Tron is its representative Justin Sun. He is a excentric kind of person and sometimes aplies marketing strategies that are common in the Asia part of the world but not well received in Europe and America. He literally copies some projects from ETH and aplies it on Tron. Well if the projects are very good in ETH, in Tron blockchain it will be fantastic. That's not so wrong as it seems, if you know that you have a better platform and the projects will be incredible good in your platform why not bring them?

Justin Sun is very controversial person but he made a platform that beats Ethereum in every aspect, in my perspective the problem that needs to be resolved is the inflation of TRX, there are more TRX produced every day than those who are burnt, this has to change and i think it will be changed, there was a day this year that they burnt more TRX than the TRX that was created so i think in the future it will become a deflationary coin and for this to happen it needs more adoption, more transactions.

TRON has everything to give you, you just have to take it, in my opinion this platform is so much better than ETH.

Best Regards,

Cryptopeach

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