Tron is one of the most ambitious blockchain projects in the world. It wants to use blockchain technology to fully decentralize the web. The idea is that, if the web can be snatched out of the hands of the big corporations, then content creators will be able to have more control over their work, monetize it directly from users or audiences, and the chances for censorship will all but disappear.
This third generation blockchain’s founder is Justin Sun, who already has proven his worth as a tech tycoon by founding the most important messaging app in China. He studied under Alibaba’s founder Jack Ma and became its protegé. They remain very close friends by all accounts.
It started breathing as a blockchain running on Ethereum’s network, and with a token (Tronix) which was also based on Ethereum ETH-20 technology. Then, Mr. Sun decided that Tron should become independent. So the Tron community and the Tron foundation created a new Main Net for Tron, and, a few months ago, it went its own way, leaving behind Ethereum for good.
Things have been hunky dory for Tron since then. The Main Net was every bit as good as promised (despite the skepticism created by the announced specifications in other crypto communities). Every milestone in the project (a virtual machine, a developing kit, a smart contracts platform) has been delivered on time, and it’s surpassed expectations in terms of performance.
Even more remarkable is that all these successes have been achieved in a year in which the cryptocurrency market has been terribly bearish. Prices have been low all year and they keep falling down.
TRX remains very cheap, and it hasn’t found a way to finally take off. One of the main reasons for this is that it’s paired to Bitcoin in most exchanges in the world (which means you can’t buy it directly, using fiat currency). And because Bitcoin has been feeling the bear’s hug very distinctly, it has kept TRX shackled.
#TRON Growth Despite Bear Market📊#TRX Surpassed on Nov 25:
747 Smart Contracts
32,742,283 Smart Contract Triggers
674,990 Total Accounts
1,842,438 Txs record on Nov 24
Listed @DappRadar & @Dapp_Review
— Misha Lederman (@mishalederman) November 25, 2018
But just how relevant has been the adverse market for Tron’s growth? It seems it has had no influence at all. Just yesterday, a Tron enthusiast tweeted a list detailing Tron’s current status:
- 1,973 nodes
- 747 Smart Contracts
- 32,742, 293 Smart Contract Triggers
- 674,990 Total Accounts
- 1,842,438 Txs record
Those stats are quite impressive if you take into account that every single one of those numbers was equal to zero something like a year ago. Tron is moving forward and growing very quickly, even in a bear market.
And this doesn’t even include the millions of new Tron users that will join the blockchain (even if unaware) through the BitTorrent decentralized network which is now Tron’s and will run over the Main Net soon. Tron plans to give TRX tokens away to BitTorrent’s seeders so that they keep sharing their content for longer times, thus boosting the P2P network’s power.
We started this article saying how ambitious is Tron. It remains to be seen if such high objectives are even possible. But for the time being, is growing very quickly and delivering on every milestone.
Image courtesy of Pixabay.