{"id":51290,"date":"2018-05-10T08:18:04","date_gmt":"2018-05-10T15:18:04","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=51290"},"modified":"2019-11-07T02:31:29","modified_gmt":"2019-11-07T02:31:29","slug":"tron-prepares-for-mainnet-launch-and-competition-with-ethereum","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tron-prepares-for-mainnet-launch-and-competition-with-ethereum\/","title":{"rendered":"TRON Prepares for Mainnet Launch and Competition with Ethereum"},"content":{"rendered":"<p>Established in July\u00a02017, <a href=\"https:\/\/cryptoslate.com\/coins\/tron\/\">TRON<\/a>\u00a0set out on an ambitious journey to develop a truly decentralized internet. On May 31, the tenth largest cryptocurrency by market capitalization will finally be launching their mainnet\u00a0and migrate off of the Ethereum blockchain.<\/p>\n<h2>TRON in a Nutshell<\/h2>\n<p>Founded by CEO Justin Sun and based in Beijing, TRON garnered significant cryptocurrency media and investor attention as the company that set out to &#8220;transform the internet on a global scale.&#8221;<\/p>\n<p>In 2017, TRON <a href=\"http:\/\/cryptoslate.com\/coins\/tron\">raised $70 million USD<\/a> in its ICO and quickly rose to the top 20 global cryptocurrencies by <a href=\"http:\/\/cryptoslate.com\/coins\/\">market capitalization<\/a>.<\/p>\n<figure id=\"attachment_40942\" aria-describedby=\"caption-attachment-40942\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-40942\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/tron-testnet-social-300x158.jpg\" alt=\"Justin Sun Announces Launch of the TRON Testnet\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/tron-testnet-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/tron-testnet-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/tron-testnet-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/03\/tron-testnet-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-40942\" class=\"wp-caption-text\">Related Article:\u00a0<a href=\"https:\/\/cryptoslate.com\/tron-testnet\/\">Justin Sun Announces Launch of the TRON Testnet<\/a><\/figcaption><\/figure>\n<p>About one year later, the <a href=\"https:\/\/cryptoslate.com\/tron-testnet\/\">TRON testnet<\/a> went live \u2013 initiating their separation from the Ethereum network and launching the migration of over 30 million TRON users over to their native platform.<\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/coins\/tron\/\">TRX<\/a> is currently ranked the 10th largest cryptocurrency in the world and has a current market capitalization of $5.31 billion USD.<\/p>\n<h2>The Great Usurper &#8211; From Ethereum to TRON<\/h2>\n<p>As one of the main challengers to <a href=\"https:\/\/cryptoslate.com\/glossary\/ethereum\/\">Ethereum<\/a>, TRON aims to create a more efficient, developer-friendly platform for dApps that is not encumbered by scaling and maintains high throughput as a blockchain-based operating system.<\/p>\n<p>The first major reveal to the mainnet launch announcement is TronVM v.0.1, which is planned for release on May 25, 2018. According to the official announcement by CEO Justin Sun:<\/p>\n<blockquote><p>&#8220;&#8230;TronVM uses a VM Adapter that will enable complete compatibility with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to TRON.&#8221;<\/p><\/blockquote>\n<p>To offer greater incentive to migrate, Sun even hinted at a rewards program benefiting those that transition from the Ethereum to TRON platform.<\/p>\n<p>Last month, Justin Sun tweeted a photo comparing TRON to Ethereum:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Why <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&ref_src=twsrc%5Etfw\">#TRON<\/a> is better than <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&ref_src=twsrc%5Etfw\">#ETH<\/a>: 1. 10000TPS vs. 25TPS 2. zero fee vs. high fee 3. consistent Coinburn vs. no coinburn 4. Java vs. Solidity 5. strong extensibility vs. no ex. 6. 1 billion USD developers rewards vs. no plan 7. 100 million users vs. small number <a href=\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&ref_src=twsrc%5Etfw\">#TRX<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24TRX&src=ctag&ref_src=twsrc%5Etfw\">$TRX<\/a> <a href=\"https:\/\/t.co\/WvxH5EToa8\">pic.twitter.com\/WvxH5EToa8<\/a><\/p>\n<p>&mdash; Justin Sun (@justinsuntron) <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/982182405711659008?ref_src=twsrc%5Etfw\">April 6, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Naturally, this received a <a href=\"https:\/\/cryptoslate.com\/crypto-wrath-vitalik-buterin\/\">hilarious response<\/a> from Vitalik Buterin:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)<\/p>\n<p>&mdash; Vitalik &quot;Not giving away ETH&quot; Buterin (@VitalikButerin) <a href=\"https:\/\/twitter.com\/VitalikButerin\/status\/982194680258486273?ref_src=twsrc%5Etfw\">April 6, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>The Mainnet Has Arrived<\/h2>\n<figure id=\"attachment_51319\" aria-describedby=\"caption-attachment-51319\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-51319 size-medium\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/Tron-TRX-Ready-to-Takeoff-300x200.jpg\" alt=\"Tron Mainnet\" width=\"300\" height=\"200\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/Tron-TRX-Ready-to-Takeoff-300x200.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/Tron-TRX-Ready-to-Takeoff-768x512.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/Tron-TRX-Ready-to-Takeoff-1024x682.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/Tron-TRX-Ready-to-Takeoff.jpg 1400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-51319\" class=\"wp-caption-text\">TRON (TRX), a blockchain-based operating system company and the 10th largest cryptocurrency by market capitalization<\/figcaption><\/figure>\n<p>Titled Odyssey 2.0, TRON's mainnet will be launched officially on May 31.<\/p>\n<p>The <a href=\"https:\/\/medium.com\/@Tronfoundation\/letter-to-tron-community-on-progress-of-tron-mainnet-and-ecosystem-966e0b7d5dc1\">official announcement<\/a>\u00a0outlines several improvements to the TRON platform that put it at an advantage over competitors like Ethereum \u2013 resolving issues with stability, scalability,\u00a0and efficiency through:<\/p>\n<ul>\n<li>High-availability and asynchronous snapshot and reply functionalities<\/li>\n<li>Optimization of dozens of core parameters through binary exponential backoff (BEB) algorithms<\/li>\n<li>Normal distribution of resource usage throughout the blockchain<\/li>\n<\/ul>\n<p>TRON CEO, Justin Sun summarized the benefits of the TRON mainnet:<\/p>\n<blockquote><p>&#8220;Since TRON is Java-based and provides a developer-friendly environment, the industry will be able to break away from Ethereum and its low-efficiency, congestion-prone network, high fees, and steep learning curve. We will open the doors to a new cryptocurrency stage focused on scaling and commercialization, providing next generation infrastructure and express lanes needed for global dApp development.&#8221;<\/p><\/blockquote>\n<h2>The Future of Tron<\/h2>\n<p>From Jun 1-24 following the mainnet launch, TRON will undergo a test phase\u00a0to prepare for the genesis block of the official mainnet\u00a0launch on June 25.<\/p>\n<p>On June 26, 27 select Super Representatives will vote on 30 million TRON users' behalf in an election to determine the future of the network's governance structure.<\/p>\n<p>As the vanguards to the mainnet\u00a0platform, 20 startup teams will be building on the new\u00a0dApp ecosystem and publish their &#8220;apps for desktop, website, hot\/cold wallets for mobile, and blockchain explorers&#8221; by June 5th.<\/p>\n<p>In realizing their initial and ambitious goal to create a truly decentralized internet, TRON is making solid strides. Expressing his optimism for the future of TRON, Justin Sun ended his announcement\u00a0by saying:<\/p>\n<blockquote><p>&#8220;The road ahead is a long one, but we will achieve our goals one step at a time. 2018 is just the beginning.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Established in July\u00a02017, TRON\u00a0set out on an ambitious journey to develop a truly decentralized internet. On May 31, the tenth largest cryptocurrency by market capitalization will finally be launching their mainnet\u00a0and migrate off of the Ethereum blockchain. TRON in a Nutshell Founded by CEO Justin Sun and based in Beijing, TRON garnered significant cryptocurrency media [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":51428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TRON Prepares for Mainnet Launch and Competition with Ethereum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tron-prepares-for-mainnet-launch-and-competition-with-ethereum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TRON Prepares for Mainnet Launch and Competition with Ethereum\" \/>\n<meta property=\"og:description\" content=\"Established in July\u00a02017, TRON\u00a0set out on an ambitious journey to develop a truly decentralized internet. 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