Decentralizing the Web: Here’s Why Everyone is Talking About Tron (TRX) Again
Tron (TRX) is the coin that just won’t quit. After being thoroughly monkey-hammered alongside the entire cryptocurrency market a few short months ago, this low-priced crypto-product is now firmly rooted in the forefront of our minds and wallets once again. And why shouldn’t it be? Over the past two weeks, the value of this still very young coin has doubled from USD $ .045 to $ .09. And it’s not ready to stop. In fact, if you’ve paid any attention at all to this amazing cryptocurrency, you know it’s just getting started.
Most notably, the reason for this cryptocurrency’s current rise in fiat value centers on the countdown to the Tron (TRX) main net, scheduled for May 31st. In less than a month from now, the release of the main net promises to challenge the top competing crypto-currencies. Releasing TRX from their ERC-20 prison, freeing our long-held coins from the aging Ethereum Blockchain, the main net promises to rival last year’s champions of the crypto-universe and set a new standard for transactions, speeds, and costs. With 10,000 transactions per second set as a starting point for what the TRX blockchain can handle, Tron has put Ethereum (and other blockchain rivals) on notice.
Per usual, a steady release of announcements has been used to bolster momentum in the past days. Holding live chats and releasing tweets faster than Donald Trump, Tron (TRX) has given details into a slurry of developments including super representative elections and new exchange additions as they continue to meet benchmarks, progressing toward their inevitable, decentralized future. A new office in Taiwan, TRX/USDT trading pairs on Bittrex, weekly reports in a multitude of languages and whispers of an Alibaba partnership all speak to the excitement and rising value of this top ten crypto-company.
And I haven’t even mentioned the 30 Million TRX airdrop to the Ethereum community. Nor have I mentioned the support offered from various exchanges to assist with the TRX migration in June. When all these pieces are put together, even the most skeptical of investors have a hard time arguing against the fact that Tron represents the hardest working cryptocurrency on the market.
But there is another reason for the excitement surrounding the Tron (TRX) currency. The founder of Tron (TRX), Justin Sun, has recently completed his requirements as the prestigious Hupan University’s only millennial graduate. And while this will certainly free up his time to focus on his budding crypto-brainchild, it is his thesis, presented to the University on March 26th, that should excite all of us. Entitled, “The Birth of a Decentralized Internet,” this thesis provides a thorough representation of the blockchain industry, including the components and infrastructure necessary to keep decentralization possible. Tron is building that infrastructure and Justin Sun is actively pursuing this dream.
Decentralization is not just a keyword used to sell cryptocurrencies to an unsuspecting public. It is a construct that gives power back to the individual consumer. In a world where data is constantly stolen without consent and sold to the highest bidder, decentralization is indeed a powerful tool for the consumer to wield. Creating companies that can thrive while giving power back to its consumers will soon be seen as a threat to the archaic systems that enslave our digital selves. And while the centralized world of data theft buckles under the pressure of this rising star, Justin Sun and Tron (TRX) strive to inform the world that when you are forced to give up your data to big companies, you are no longer their client, you have now become their product.
So as we turn away from the bearish days of early spring and begin yet another summer bull run in the cryptocurrency market, Tron (TRX) is ready lead the way for a savvier investor class into a new decentralized future. Whether invested or not, should this experiment bear fruit in the future, we may all owe Justin Sun a debt of gratitude.
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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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