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

Spread the love

Tron (TRX) has made its intention very clear. It wants to become the biggest cryptocurrency. It wants to overtake the other cryptocurrencies which offer similar blockchain capabilities. That is why it is consistently expanding its blockchain capabilities. In its way is Ethereum (ETH). Ethereum (ETH) also offers similar features like smart contracts and decentralization to its the developers and users. That is why they are in a straight head-on-head fight with each other. Tron (TRX) offers proper scalability which has been the Achilles heel for Ethereum (ETH). The question is whether Tron (TRX) is really a threat to Ethereum (ETH) or not.

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

One thing which is going for Tron (TRX) is that it is gaining more and more credibility. In the year 2018, it acquired BitTorrent. After this acquisition, it is now launching the BitTorrent (BTC) token as well. That is why it is gaining more and more credibility as well. Besides, it offers proper scalability which is not the strong point of Ethereum (ETH). Scalability is essential for most of the developers. Only when a blockchain provides appropriate scalability, the applications will run smoothly.

Moreover, Tron (TRX) is trying to get the decentralized developers from other blockchains like Ethereum (ETH). It seems like the developers are indeed switching over. The problem is that when the developers are indeed switching over, the market share of Tron (TRX) in the decentralized to space will consistently increase. Tron (TRX) is not leaving any stone unturned to develop its blockchain. It is continuously introducing newer and newer features to its blockchain to attract the users. That is why it is eroding the market share of Ethereum (ETH).

In the present form, Tron (TRX) might not be a threat for Ethereum (ETH), but soon it will be. Moreover, Justin Sun, the creator of Tron (TRX) is a marketing genius. He knows how to market each and every move of Tron (TRX). The marketing skills of its founder are certainly helping Tron (TRX). If Ethereum (ETH) does not do something pretty soon, it will lose a significant amount of market share and will be very difficult for it to recover from such a loss.

The truth is that Tron (TRX) is trying to make a dent into the Ethereum (ETH) market share in smart contracts and decentralized space. It is time Ethereum (ETH) take steps to protect its turf. If not now, it might be too late for Ethereum (ETH) to recover.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

Be the first to comment

Leave a Reply

Your email address will not be published.


*