Analyzing The Future Of Tron (Trx)

by Vanessa Jane Block chain consultant

TRON has an exciting future due to the unique project that it is de veloping, a decentralized internet protocol, challenging the status quo of the centralized technology companies. It offers a cryptocurrency named Tronix (TRX) at $0.026 with a market cap of $1.8 billion. TRX coins cannot be mined by anyone.

Apart from content sharing, it can handle credit sharing, payments, and storage worldwide. They are dominating the DApps market by giving stiff competition to Ethereum in the gaming and gambling industries.

Creators are rewarded with profits, voting rights, and periodic payout of dividends as their content in the form of audio and video is monetized on the TRON platform. Their data is secured cryptographically via the immutable blockchain network.

It offers a plethora of advantages as it permits the spread of data without any restrictions, the transactions taking place on a public ledger can be easily tracked without facing any barriers. It has a higher transaction speed and offers lower transaction fees when compared to other networks like EOS and Ethereum.

It has a 10-year long roadmap till 2027 with six different phases namely Exodus, Odyssey, Great Voyage, Apollo, Star Trek, and Eternity. After acquiring the famous decentralized file-sharing protocol, BitTorrent in 2018, TRON has entered into partnerships with some big names such as oBike, Baofeng, and Game.com

Considering the fact that it emerged only three years ago, it has grabbed the 16th spot in market capitalization. Since the global entertainment industry is growing rapidly capturing the interests of a sizable world population, TRON is all set to make further inroads in the industry and will witness a huge increase in its price if it executes its planned six phases successfully along with strong marketing campaigns.

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