Until recently, Ethereum was considered as the only altcoin that is capable of posing serious competition to Bitcoin, the patriarch of all cryptocurrencies that still maintains the dominant position on the market. But it seems that there is a new sheriff in town whose name is Tron (TRX).
Tron: faster, leaner and meaner than Bitcoin
As of now, TRX is ranked 11th at Coinmarketcap with the total market capitalization of $1.718 billion and the price of $0.025 per token (at the time of writing). Given the ongoing bullish rally on the crypto market, Tron may have braced itself for a fight to push the likes of Cardano and Stellar out of the current list of top 10 cryptocurrencies.
It is relatively fresh crypto that was launched in 2017 by the Singaporean team of blockchain developers headed by Justin Sun, a talented digital entrepreneur and a rather controversial social media star, who has undertaken the role of the project’s CEO and chief spokesman.
In one of his latest Tweets, Justin Sun boasted that the overall volume of transactions that took place on the Tron blockchain-based operating system over 319 days had already exceeded the aggregate volume of Bitcoin transactions in the past decade, which is quite an achievement, to be frank.
Naturally, the CEO attributed this success to the entire team of developers, who are known collectively as ‘Tronics.’
Is Tron superior to Bitcoin?
Obviously, these figures speak volumes of Tron’s impressive progress and its future prospects, though claiming that the Tronics’ brainchild is ready to throw Bitcoin off the throne, no pun intended, would be a bit of a stretch.
Nevertheless, it is a fait accompli that Tron has a technological edge over Bitcoin, and Ethereum for that matter, which also supported by the showings of the growing number of decentralized application that are being developed on that blockchain. The company’s recent report indicates that there are as much as 20+ dApps created by the virtue of the Tron blockchain on a weekly basis, with the large portion of them being dedicated to gambling.
Tron is set to revolutionize the industry of online gambling
According to the study conducted by the analytics company Dapp Review, 64% of all dApps developed on the basis of Tron were related to gambling, noting that these applications generated as much as $1.6 billion in transactions in the Q1 of 2019 alone.
The popularity of such products can be explained by the total transparency, provable fairness, and safety of the gambling process ensured by the application of the Tron blockchain, an instrument that is tailor-made for such purposes.
Naturally, TRX has become a widely accepted mean of deposit/withdrawal on many sportsbooks and online casino websites, such as 1xBit, a highly reputable gambling platform, considered by many as the most crypto-friendly in the industry. Add to that the assurance of total anonymity thanks to the unique one-click registration process and the promptness of all transactions, not to mention the widest range of games and sports betting options, and you will get a platform that is in full conformity with the philosophy of blockchain.
So, if you have a bit of TRX lying around, and you wouldn’t mind trying your luck at sports betting or online casino, then head straight to 1xBit that will gladly accept the deposit in TRX and even grant a 100% welcome bonus. After all, isn’t that what Tron was created for?
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.