Ethereum vs TRON (TRX) has been a battle on the cards as much as Justin Sun v Vitalik Buterin has been for the past few days. Ethereum was the pioneer blockchain to use the smart contract technology but the recent move of TRON to its own main net ensures competition between the two as the best smart contract will be seen in the coming days. Other projects such as IOTA, Cardano, EOS and many more also offer the possibility of being the best as they better the development of their blockchains.
We discuss the recent developments that show TRON’s ability to eclipse them all to the first spot in the future.
Tron (TRX) Independence Day ̶ June 24th 2018
Tron Foundation has confirmed the move of the TRON blockchain from the Ethereum blockchain to its own main net ̶ TRON Independence Day. This comes after EOS moved to its own main net in earlier in the year. The test period proved to be a success showing the immense capabilities the blockchain will have compared to Ethereum. The relatively slow nature of transactions, the lack of scalability, cost issues and difficulty of Solidity coding for most upcoming developers are some of the problems facing Ethereum.
TRON (TRX) on its part capitalizes on this opportunity by offering a fast, zero-cost and customizable dApps that makes developing dApps on the platform is simple to most developers. A perfect time for TRON to finally muscle its way to become the top smart contract blockchain, a title held by Ethereum.
“Goodbye #ethereum! Happy #TRON Independence Day! #TRX” – TRON’s CEO Justin Sun on Twitter
Get all the details on how the TRX migration will take place on various exchanges including Binance till 31st December 2018 here.
The TRON Virtual Machine (TVM)
At the end of May, Tron Foundation announced the launch of the Tron Virtual Machine (TVM) giving life to a total new class of developers. The platform will have custom-built blockchains that will allow new developers to easily create their own dApps on the platform easily. Just as WordPress offers users a customized website, so will the TRON Virtual Machine in the TRON blockchain to offer the developers a customized language
“TVM can connect seamlessly with existing development ecosystem and supports DPOS. TVM is able to be compatible with EVM environment in the beginning, so that instead of learning a new programming language, developers can develop, debug and compile smart contracts in a Remix environment with Solidity and other languages.”
TRON (TRX) is currently trading at $0.041286 USD, representing a slight 1.25% loss in the last 24 hours as the whole market is on the support level. The coin is back to the 10th position on the Coinmarketcap listings with a total market capitalization of $2,714,456,813 USD. ETH has seen its price rise by 1% in the last 24 hours to close Monday at a price of $455.68. The token still holds the second largest market capitalization to Bitcoin at $45,709,820,315 USD.