There has been a feeling of investor fatigue amongst the Tron (TRX) Community of HODLers who have been waiting for a Moon landing of their favorite digital asset. In just one year, the Tron project has accomplished some feats only seen by fortune 500 companies. We are talking about acquisitions and partnerships from all across the globe in a matter of a year. We have the acquisition of BitTorrent and its endless possibilities as shall be elaborated in a few. We have even the Tron Foundation partnering with MOSHROOM which is a portable smart toilet manufacturer with aims of improving public health in the greater China and India region.
So why will Tron Dominate in Q3 and Beyond?
Unbeknownst to many, the Tron Mainnet has not yet started ‘hosting’ Decentralized Applications. The current version of the Tron Virtual Machine is a test version that is for the world of developers to test drive and find bugs before the main Virtual Machine is upgraded onto the Mainnet on the 30th of August. This means that the Tron DApps such as Peiwo with 10 Million users, are yet to be migrated onto the Mainnet. Once that is done, the Tron network instantly gets a cool 10 Million accounts and users. There is also an additional 17 DApps that are yet to migrate onto the Tron Mainnet. Once this is accomplished, it is all systems go for the Tron platform.
Secondly, there is excitement in the Tron Community that there will be a Decentralized Exchange that is built on or geared towards the trading of tokens that will be created on the fully integrated Mainnet. We all need to remember that the Tron network will be smart contract capable with a speed of 2,000 transactions per second. This means that tokenization will be a breeze for any ICO that wants to build on the Tron Network. There is also the possibility of artists and content creators, funding their projects in a crowdfunding manner using the Tron Network and their own tokens with dividend sharing capability. These tokens will need a Decentralized exchange that has been rumored to be called TRXMarket.
Thirdly, the Tron Community is leading the way in terms of cryptocurrency adoption. We have cases where TRX is being accepted as a form of payment for Taxi rides in Spain as well as in restaurants in the same country. There is also Bitnovo.com with over 20,000 stores in Spain and Italy where you can buy TRX. The pace and speed at which TRX is becoming a medium of exchange is astonishing and could soon eclipse larger coins such as Litecoin. We even have TRX being part of the Bitcoin Superstore.
The fourth and final reason why TRON will dominate in Q3 of 2018, is Justin Sun’s vision of a decentralized internet. After the acquisition of BitTorrent, Justin presided over a company-wide meeting – San Francisco and Beijing Offices – facilitated via video conference call. During the meeting, Justin outlined his vision of returning the internet back into the hands of the users. He is quoted as saying:
“The Internet was decentralized when it was first created. Since Web 1.0 in the 80s, we believed that Internet services should be built upon an open protocol shared by the web community…TRON intends to be the largest decentralized Internet ecosystem in the world. With the mission of making the Internet decentralized once again, we are dedicated to making decentralized Internet services available for everyone in the world.”
The mission to decentralize the Web starts now and will take between 10 and 20 years to complete. Justin and the Tron foundation is committed towards this vision. This process will be made possible by the integration of the BitTorrent platform via Project Atlas.
In conclusion, the investor fatigue is very much understandable in relation to TRX. But it is often said that greatness comes with hurdles. One of the hurdles is the current bear market preventing TRON from being great in the markets. But that is okay since all the focus is on developing a solid platform by the Tron Foundation.
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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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