TRON: Next Stop, Independence Day

22 June, 2018

TRON (TRX) is changing every day, as it moves toward building a complex blockchain ecosystem with verification by community-elected Super Representatives. TRON is becoming another real-world case study of blockchain governance, following the launch and voting process for EOS.

The immediate event for TRON would be the closing of exchange wallets for deposits. Afterwards, exchanges will wait for the real token swap after June 24. The voting is scheduled soon afterwards.

The TRX supply will also decrease a little, from a total supply of 100 billion tokens. The TRON Independence Day, as the final event of the launch is known, will burn 1% of that total supply, or 1 billion tokens.

The TRX market price, however, hardly budges from its relatively tight range, as Bitcoin and the rest of the markets still easily turn to the red. TRX slid by about 4% to $0.047, as trading remains subdued during the days of collecting the tokens on exchanges for the swap.

It is possible that newcomers to TRON may be waiting on the sidelines to see if the network launches well enough. Transforming a digital asset may come with glitches, and having funds locked on a still untested network may be making investors more wary.

However, despite the hype, TRON skeptics are found, especially among the prominent crypto community voices. TRON has, for a long time, inspired criticism from older project founders, and this time, Monero’s informal leader, Riccardo Spagni, once again raises doubts:

Opinions on TRON continue to vary from high expectations the project would have immense success and expand on the Chinese online entertainment market, or otherwise, that the project relies on publicity more than real accomplishments.

TRON was also accused of plagiarizing code from other projects. However, TRON defenders believe that in general, crypto projects tend to copy parts of the code and apply it for their own project. TRON, however, will have to show their system works without fatal glitches, especially when it comes to consensus and governance.

Source link   Crypto currency: TRON

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