Tron (TRX) News – Is Tron (TRX) a threat to Ethereum (ETH)?

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Many of the cryptocurrencies up until now have been dubbed as the Ethereum (ETH) killers. This is because Ethereum (ETH) blockchain is used pretty widely. The functions of this blockchain are also much higher as compared to many others. Moreover, it has dominance in the smart contract niche as well. This is one of the main reasons why Ethereum (ETH) has been able to attract many developers all over the world. At the same point in time, many other cryptocurrencies are venturing into the same field as well. While most of the other cryptocurrencies are not able to pose a serious threat to Ethereum (ETH) but Tron (TRX) is aiming to not only pose a threat but also overtake Ethereum (ETH) in terms of the functionalities which it provides on the blockchain as well.

Is Tron (TRX) a threat to Ethereum (ETH)?

When you look at Tron (TRX), it is aiming for true decentralization. This is one of the main advantages which Tron (TRX) has. Moreover, on its blockchain, smart contracts can be executed quite easily as well. Another advantage of Tron (TRX) blockchain is that it can be used to run applications developed in the Java language. Java language is actually pretty popular. It is used by many of the programmers all over the world. That is why it is not difficult for the developers to create contracts as well as applications which will run on Tron (TRX) blockchain.

Moreover, Tron (TRX) has recently acquired BitTorrent as well. BitTorrent is a P2P file sharing platform. Additionally, it is aiming to launch the project Atlas as well. With the project Atlas, the people who are sharing content on the BitTorrent platform will be incentivized in the native TRX tokens as well. The P2P platform is already decentralized as well. This will ensure that it is further venturing into providing decentralized solutions as well.

With proper incentives, it will certainly increase the usage of Bitcoin. Moreover, eventually, it is rumored that BitTorrent will start using the blockchain technology in some form or the other to provide proper decentralization as well.

Virtually, each and every feature of the Ethereum (ETH) blockchain is provided on the Tron (TRX) blockchain. All it needs is a better validation. If indeed, it is able to increase the number of developers which are using its blockchain; it can be a threat to Ethereum (ETH). The only problem is that Ethereum (ETH) has a significant amount of headway. That is why it might take years for Tron (TRX) to pose a serious challenge. On the features ground, however, it aims to offer each and everything which the Ethereum (ETH) blockchain is offering.

About Riddhi 224 Articles
I am an electronics engineer and follow the crypto space closely.

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