This year crypto lovers going to see some major changes in the entire cryptocurrency space.
Last week the price of all the digital assets have increased when Bitcoin (BTC) set off with
sparking price which is trading at $5,272.59. The positive effects are now visible on all the
altcoins including Ethereum (ETH), the 2nd largest cryptocurrency is trading at a price of
$181.23, and Tron (TRX), the 11th largest digital asset, trading at a price of $0.028916 at the
time of writing according to Coin Market Cap adjusted volumes.
Apart from enjoying the price increase, investors would also be able to see new
collaborations which are going to result in new products and better services in the
Tron at the outset built on the Ethereum network, last year after launching its own mainnet
at present became a huge competitor of Ethereum (ETH). The progress doesn’t stop here,
now in order to benefit the complete crypto community Tron’s founder and CEO of
BitTorrent, Justin Sun and co-founder of Ethereum, Vitalik Buterin is ready to cooperate
with each other on various upcoming projects.
Justin Sun during a podcast interview at The Crypto Chick communicated to Rachel Wolfson:
“ To do something good for the industry, Tron(TRX) would be officially collaborating with Ethereum ETH) this year.”
However, the project related information is not yet revealed clearly. The indication of actively joining forces is enough to trigger the wave of speculations in the industry. The growth of the Tron platform is rapidly increasing. In the previous month, March, two leading crypto exchanges Malta-based OKEx and Singapore-headquartered Huobi Global also published their support for the Tron-based version of USDT.
TRON (TRX) to Skyrocket
Sun also mentioned about his plans for the future to link up on several ideas which can
potentially bring better products with many Ethereum built enterprises and Ethereum
developers. Tron is going to enhance its existing platform features and replacing them with
up-to-date and unfamiliar changes which would certainly surpass most of its competitor in
the blockchain industry.
Further, he went on to disclose new strategies for Q2, 2019. Reportedly, a privacy-based
new network option zk-SNARK is going to introduce in Tron. The new feature would be
based on the technology used by altcoin Zcash (ZEC). The development of the privacy option
would enable investors to choose and keep their transactions under disguise or completely
transparent for everybody to see.
This massive progression in the decentralized space would help the establishment to further
expand its arms and influence the users to trust the organization.
Sun also communicated the launch date of stablecoin Tether (USDT) at some stage in the
podcast while indicating the big difference of facility which Bitcoin (BTC)-based Omni
protocol USDT is lacking at present. From April 9, 2019, Tron based version of stablecoin
Tether (USDT) would enable users to get cheap and faster transactions.
According to his talks, in Q2, 2019, in order to boost the Dapp ecosystem from millions to
hundreds of millions, Tron platform introducing the second layer of scalability solution on
SunNetwork which purportedly, has the potential to increase transaction input at least 100X
with dirt cheap fees. However, the release date of Sun Network is yet to be revealed.