Tron News

The Tron Foundation stated recently: We are currently in an era of the Web 2.0 where many institutions are reaping benefits of the centralized internet.” Tron is a crusader of change and is currently laying the foundations for Web 3.0

The change in the transitioning from Web 2.0 to 3.0 is not going to be obvious. The applications will look similar. However, the real change will be seen on the back-end of the DApps.

The evolution of the internet from the web 1.0 to 3.0 according to tech experts testifies the movement of blockchain into another era. From the web 1.0 which was text-based and static to the web 2.0 that steered in an era of dynamic websites, social media, e-commerce, the 3.0 takes a giant leap by letting the blockchain play a crucial role in the future. This will involve decentralization of the internet using the blockchain technology. The use of the release of the first blockchain 3.0 Internet though retains the technology and user-friendly nature of the previous versions, bridges the limitations of them with its faster, more intuitive, and more data-driven internet.

The recent adoption of Tron is because it has perceived the prospect of the internet in web 3.0. After the acquisition of BitTorrent, Tron is in the revolution mood. The partnership between BitTorrent with Tron got dubbed as ‘Project Atlas’. The Tron Founder, Justin Sun is very excited about this revolution. In one of his tweets, Justin Sun has clearly stated that Project Atlas will include content distribution.

Web 3:0, will enable all blockchain platforms, including Tron, to operate freely on a decentralized Internet. Great things are yet to come in the next few years!

Pornhub, one of the leaders in the adult entertainment market, had announced that they will start accepting TRX as a payment for the subscription to their paid channel, Pornhub Premium.

Pornhub Aria, the official Twitter handler of Pornhub had stated:

“We’re excited to announce that were now accepting @zencashofficial and @Tronfoundation as crypto currency payment for Pornhub Premium!!”

They confirmed the deal further by creating an advertisement video on their portal that featured Tron saying:

“Pornhub and TRON (TRX): The Future Has Come…Again. @tronfoundation accepted soon on Premium”

The partnership beween  the two parties has been anticipated by the Tron community as the company had teased it for quite some time. The tie up had clearly stoked the curiosity of several TRONics, with NiteShowdow, a Twitter user saying:

“TRX is a token designed to recreate the internet in 10+ years, if ever — not a currency – either way, grats to you 2! Nothing wrong w/ sloppy seconds 😉 Let’s also keep in mind that this is PH, not Mindgeek”

After the Pornhub announcement, Tron went one step further by announcing that TRX will be accepted as a form of payment by other adult websites such as Brazzers, Traffic Junky and Nutakugames. The sheer enthusiasm shown by the Tron community even forced Justin Sun to ask:

“Where would you want to see Tron next?”

Brazzers is a pornographic generation company headquartered in Montreal, Canada. The company’s slogan is “The World’s Best HD Porn Site!” and has a monthly traffic of 37.83 million. TrafficJunky Inc. is a web advertising and digital marketing company founded in 2008 and headquartered in Montreal, Canada.  Nutaku is an adult gaming platform with primarily hentai games. Having headquarters in Montreal, Quebec, and Canada, Nutaku offers games with mature content.

Tron’s Justin Sun was present at the recently concluded World Investment Forum where the CEO of Binance, Changpeng Zhao spoke about the Binance Charity Foundation and Tron’s contribution of $3 million to the cause.

The Tron Foundation has been on a roll with a slew of development announcements and updates. The latest involvement with Binance’s charity initiative is seen as Sun’s instrumental move to increase Tron’s mainstream adoption rate.

CZ, as Zhao is more popularly known, was candid enough to admit during the conference that Tron’s support has been influential and that the use of blockchain technology can solve a lot of issues pertaining to financial transactions. CZ had stated:

“The world of blockchain technology has a lot of use cases and has to be remembered by everyone. Personally, I believe that with better transparency we can have 100 times better results. Moving money to deal with social problems is also another way to increase adoption. The sheer number of people who have donated to the BCF is also amazing, and I would like to thank Justin Sun who donated $3 million to this cause.”

Tron, which is currently ranked 11^th on CoinMarketCap, has made investors and the TRONics community happy by revealing that it had surpassed Ethereum [ETH] by four times in terms of daily transaction rate. On 23^rd October, reports showed that the total number of accounts had reached 500,000 while the number of transactions per day had peaked to a whopping 630,018.

The Ethereum takeover has created a profound impact in the cryptosphere because of Justin Sun’s previous remarks of Tron taking over Ethereum in terms of transaction speed as well as adoption rate. He had previously stated that the cryptocurrency community should prefer TRX over ETH because of its vastly superior transaction speed and applications built on the blockchain.

Justin Sun, the CEO and owner of Tron announced that the Tron ecosystem is getting better day by day. The number of DApps on Tron Blockchain gushes, and reached 500K Mainnet Accounts Reach in just 4 months. The urge for people to create more than 500,000 accounts on Tron’s mainnet shows their sheer interest in the Tron platform. This means that the network is growing by about 100,000 accounts per month.

Tron’s blockchain project, aimed at building the infrastructure for a fully decentralized internet, activated their much-awaited virtual machine on Oct. 12th. Since its launch, the four-month-old Mainnet’s accomplishment is quite noteworthy. The recent hunch among the cryptomarket is that this new activation of the Tron Virtual Machine (TVM) might be a turning point for the blockchain platform. Indicators show that the rise in the number of Tron-based DApps, if retained, could further increase the number of users of the platform. With the TVM in action, developers can easily test their smart contracts now.

Tripling of Tron-Based DApps in More Than a Week

Recently a lot has been happening to the Tron-based DApps. The scenario shows a clear picture of them tripling in more than a week, which is an unseen picture. The “State of Tron DApps” page on the company’s site shows around 49 decentralized apps which are in the way of various stages of development, either as a concept, prototype, progress, or as beta.

Prior to October, Tron has had only 18 DApps live on the network. Whereas now, after the TVM’s launch it is raised to 49 DApps, which shows Tron’s ride to success with 31 additions in just a little over a week. If this massive creation of DApps continues, Tron will see more and more people thronging on its platform, which should increase the value of TRX.

The best part is the boost up in the number of accounts of Mainnet when it breached its 500K mark. In its Oct. 13 – 19 Tron Weekly Report states that as of Oct. 17, the company saw the accounts crossing 500,140, which reveals that its average daily transfer is around 146,000, equalling its single-day volume peaking at 440,135.

The number of accounts on the platform is significant, considering that it was launched just four months ago. Moreover, the platform posted a steady monthly growth rate of more than 100,000 new accounts per month. After Tron’s respective launches, when compared to those that of its rivals, Tron’s total number of accounts is 20% more of EOS and 13 times more than that of Ethereum.

One of Tron’s biggest partnerships was announced on October 18^th  when Tron Foundation revealed that it had teamed up with Baidu, the Chinese technology behemoth. Tron announced that the new partnership will pave the way for better blockchain technology based solutions which will be assisted by cloud computing resources. The official Tweet by the Tron Foundation stated:

“#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX”

Prior to the official reveal of this news, the Tron community was taking turn to guess who the secret partner was. Some users had even speculated that the partner could be Pornhub or Alibaba. The Baidu announcement tweet was also shared on social media platforms by Justin Sun.

All the details of the partnership are not out yet, but initial reports show that with this new deal, Baidu will step into the blockchain world under the Blockchain Centralization Super Partner Program 1.0. This is a stepping stone for Baidu to utilize the advantages provided by the distributed ledger technology.

The debate between Nouriel Roubini, the economist and Vitalik Buterin, the CO-Founder of Ethereum is something that the entire cryptocurrency community is waiting for and Tron Founder Justin Sun is not far behind on the news. Justin recently announced $1 million as a reward for the winner of the debate between the two. Sun stated on Twitter:

“#TRON is happy to sponsor this debate and give 1 million USD to the winner. The result can be decided by the public vote. #TRX $TRX“

Ethereum is somewhat of a rival to Tron. When asked about the prospect of Buterin winning the debate, Justin Sun stated:

“Eh, I probably would have just donated it to @AgainstMalaria or whatever.”

The reward is not the first time that Justin Sun has taken a keen interest in the debate with earlier reports showing that Sun had suggested Nobel Laureate Paul Krugman should moderate the debate.

The entire reason for the debate lies in Nouriel Roubini’s latest attack on Ethereum as well as the applications built on it. The economist who had predicted the 2008 financial crisis had stated during multiple interviews that Ethereum is a scam and that the entire cryptocurrency market will go ust soon as it holds not feasible value. He had elucidated:

“You know, there’s a lot of people [who] talk about their DApps or their distributed apps. 75 percent of those apps are what? CryptoKitties, Ponzi schemes and other pyramid schemes, and other casino games, like Las Vegas. So, after a decade, what does Ethereum have to show us? CryptoKitties and Ponzi schemes? And that’s what they’re doing? They’re not doing anything that is of any use to anybody.”

One of Ethereum’s biggest issue which has also been admitted by italic Buterin has the scalability problem and Roubini had made sure to point out this fact. He stated:

“So, it doesn’t have any functions [it] should have: It’s not scalable, it’s not secure, it’s not decentralized. So, what is it worth for? With Ethereum, you can do twenty five transactions per second; with Visa, you can do 25,000 transactions per second.