When it comes to technology, change is the only constant. Even a nascent technology like the blockchain has been continuously evolving ever since its inception in 2009 with the introduction of Bitcoins by Satoshi Nakamoto. However, every improvement has been focusing on upholding the value of decentralization that the blockchain brings to the table, contracting the heavy degree of centralization brought about by large technology companies.
TRON is one such improvement and it brings a lot of improvements over the existing blockchain ecosystem.
TRON is a stable blockchain network that has been introduced to facilitate a completely decentralized web. Needless to say, the blockchain supports decentralized applications and token creation. It was introduced in 2017 as an ICO on the Ethereum platform. The ICO unexpectedly raised more than $70 million, making it one of the most lucrative blockchain introductions ever.
The aim of TRON is to give the ownership of data back to the users, contrary to the present situation where data is held by companies like Google, Facebook, and Amazon. TRON also aims to help startups create their own decentralized applications without any difficulty.
One of the biggest advantages that TRON brings to the table is its relatively humongous transaction speeds. While the Bitcoin network can handle six transactions per second and Ethereum can handle 25 transactions per second, the TRON network can handle 2000 transactions per second. This presents a practical alternative for global transactions which not only looks great on paper but also works in real life!
As we have already seen, a blockchain network like TRON supports the creation of tokens within the network. There are a lot of popular TRON tokens that are in circulation. Broadly speaking TRON tokens can be classified into two major divisions: the TRC-10 token and the TRC-20 token.
The TRC10 token is the cryptocurrency that is created and issued by the network itself. It is negatively powered by the blockchain and does not mandate the presence of a TRON virtual machine. It is possible for any user to issue their own TRC-10 token by spending 1024TRX.
With specifics like the name of the token, the market cap, the total number of tokens, the exchange rate relative to TRX, and the circulation duration. Since these tokens are supported by almost any crypto wallet, it becomes easy for token creators to sell their tokens using initial coin offerings.
They are relatively easy to create and there has always been a high demand for TRC-10 tokens ever since their introduction.
A TRC-20 token is more of a technical protocol in the TRON blockchain for smart contracts. The protocol can be used to create tokens on the TRON blockchain. What makes these tokens appealing is that they are compatible with the ERC-20 standards and they make use of the TRON virtual machine.
As you may have guessed, the TRC-20 is an upgrade from the TRC-10 protocol. It is more secure and the security is ensured by smart contracts.
We must digress a bit to talk about what these smart contracts are. Smart contracts are, in essence, digital contracts that eliminate the need for intermediaries in the blockchain ecosystem. They are designed to be rigid and conditionally and automatically executed upon the fulfillment of certain conditions.
The smart contract can be considered the epicenter of blockchain technology as it is the one that contributes to decentralization by eliminating the need for intermediaries and the cost associated with it. The TRON smart contract ecosystem presents a worthy alternative to the ERC-20 that was considered the de facto standard for smart contracts for a long time.
The TRON blockchain can be used for developing a diverse range of blockchain applications like cryptocurrency wallets, tokens, and other decentralized apps. They are secure, free from intermediaries, and are designed to process fast transactions. They are versatile in a way that they can be integrated into any existing ecosystem. The TRON wallets can flawlessly be installed on Android, iOS, and Microsoft windows.
The TRON blockchain can also support a P2P decentralized network, limitless data, transparency, easy tracking, token swaps, and dedicated blockchain explorers. The network supports instant transactions on a global scale with global access. The blockchain also supports multiple tokens and is extremely cost-efficient and secure compared to its predecessors. The ten-year plan that TRON has bears testimony to the long-term vision that the founders and the team have for the TRON blockchain.
The craze for TRON is steadily growing and it is evident in the number of people purchasing TRX tokens from crypto exchanges. A lot of multi-level marketing companies running on the blockchain prefer to use TRON to other blockchain networks because of the speed advantage it offers.
TRON token development employees either the TRC-10 or the TRC-20 standards. TRON tokens are easy to integrate within existing systems, and the token wallets can be developed for iOS and Android. TRON token development processes should aptly capitalize on the advantages offered by the TRON blockchain in terms of scalability, limitless data, dedicated blockchain explorer, secure data, and global access.
Considering these factors now would be a perfect time for you to invest in developing TRON apps for your business. To ensure that your development process is flawless and smooth, you will need to choose the right TRON development company for your development efforts. The company should be experienced and committed to quality. They should be able to provide scalable and reliable solutions. The company should also be able to engage in multiple TRON development services like TRON (TRC-20) token development, Smart contracts, and every other service that TRON facilitates.
If you are an aspiring entrepreneur who would like to capitalize on this new wave of the new blockchain, all you need to do is get in touch with a company that specializes in TRON token development and TRON app development. They will take care to understand your precise business requirements and present you with perfect TRC-20 development solutions for your smart contracts and TRC-10 tokens for your offering needs.
You can be assured that, with a company that brings experience, reliability, and scalability to the table, it is just a matter of time… A very short time before you launch your own TRON solutions, making your business ready for the decentralized future!
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Tron is one of the most popular cryptocurrencies in this market, practically since its birth in 2017,
Opinions are strongly divided between those who, on the one hand, believe in the value of the project and, on the other, believe that the currency is no more than a fad.
In part, this is also due to the personality of its CEO, Justin Sun, who does everything to be media, since he knows that this is a way to boost the growth of the project.
Tron has competed to be among the top cryptocurrencies, conquering a place in the Top 10 of the market repeatedly. But why? Could it be that this project has value? In this article, we will make it clear what the objective of this cryptocurrency is and how you can invest in Tron safely.
What is Tron?
The project of this cryptocurrency was born in 2017, created by Justin Sun, current CEO of Tron Foundation - a non-profit company based in Singapore.
Its token is known as Tronix (TRX). It initially started as an ERC20 token (that is, it existed on the Ethereum blockchain ).
However, in 2018 Tron successfully concluded the launch of its blockchain.
Tron aims to build a decentralized ecosystem of entertainment content, which facilitates the creation and dissemination of the same.
One Step Back …
To better contextualize, it is necessary to take a step back and understand the business model of the entertainment platforms that lead the current market …
Platforms such as YouTube host the content produced by our favorite creators ( streamers, YouTubers, series, songs, etc.) which we can later access and consume for hours and hours of entertainment.
What do those platforms gain from that?
Access to this content may be free or require a monthly subscription or purchase of the service.
Not forgetting that being free, we are always subject to advertisements that can often be considered invasive.
Part of the profit generated is shared with the creators of the content, under the terms determined by the platforms that host the content.
However, these platforms have great power of control over the content and its respective creators.
They control all the variables that determine the possible views and profits generated by these contents using a centralized business model.
And that can be a problem.
The review of content creators has been increasingly frequent, demonstrating their dissatisfaction with the policies of censorship that demonetizes the content that is placed on these platforms.
The same applies to app stores, a market currently dominated by Apple and Google, which make mobile operating systems on virtually all cell phones and tablets.
Two Steps Ahead?
Drawing on the innovative features of blockchain, [TRON token development] aims to approximate the relationship between consumers and content creators.
This proximity is created by eliminating intermediate elements of this process.
The intermediaries in question are the entertainment platforms that control and receive a “fat” share of the profits that belong to the content creators.
The current business model flaw that TRON intends to explore is the centralization of the entertainment traffic that exists on the Internet.
These contents are mostly controlled by a small number of large companies such as Google, Facebook, Amazon, and the like, which in turn control platforms such as YouTube, Twitch, Google Play, etc
How does Tron work?
This illustration represents the current architecture of this project, which is divided into 3 stages:
Applications - where developers can create and install decentralized applications, as well as create and customize their tokens on the Tron blockchain;
Core - where the main components of the protocol are, such as smart contracts, software development kits (SDK), and other modules that are used in the creation of decentralized applications;
Storage - Tron applies a distributed data storage model on its blockchain, which allows for rapid processing and updating.
To achieve these goals, the TRON protocol aims to take advantage of peer-to-peer (P2P) technology and the blockchain.
The TRON blockchain uses the consensus algorithm known as Delegated Proof-of-Stake - an algorithm derived from Proof of Stake that allows TRX holders to generate passive income.
This means that when buying TRX you can store them in a wallet that allows you to stake your coins.
In this way, you are often rewarded with more TRX for your contribution to the Tron network.
The Tron blockchain supposedly can process 2,000 transactions per second (TPS). A number was much higher than the 7 TPS of the Bitcoin network. However, this information has not yet been verified by third parties.
TRX can have other uses thanks to some associations that have emerged, some of which are:
Game.com - Tron created a partnership with this online gaming platform to extend its presence in the gaming industry.
Gift - A decentralized platform where it is possible to offer virtual gifts.
Peiwo - A social media network, also founded by Justin Sun, often referred to as China’s Snapchat.
Alliance announcements and rumors have always contributed to the controversy surrounding this project, leading many crypto enthusiasts to label TRON a " shitcoin " due to these aggressive marketing tactics.
However, it is safe to say that [Tron token development]is a well-positioned cryptocurrency for exploring the Asian social media and entertainment market. The volume of traffic is huge!
It is on the Tron blockchain that one of the most popular dapps resides: Wink (previously TronBet).
Wink is a decentralized gambling and casino gaming platform that allows you to use TRX for gambling.
Developers can create games and then be rewarded depending on the success of the game.
This dApp is one of the largest, not only on the TRON blockchain but in the entire market.
It has an average of 10,000 users per week, handling 1,351 trillion TRX
The Personification Of The Project
TRON CEO Justin Sun is a well-known “crypto-celebrity.” At the age of 30, he has in his CV positions such as Chief Representative of Ripple, CEO of BitTorrent, and now CEO of Tron.
Justin is one of the great reasons why this cryptocurrency has a profile surrounded by so much controversy.
His personality and behavior on social media are notorious, particularly for his marketing tactics.
Some see him as a role model, while others call him an “imposter.”
Despite what people may think, the truth is that TRON is one of the most popular cryptocurrencies in the media, something that always influences the price of a coin.
Acquisition of BitTorrent
In 2019, Tron bought BitTorrent (BTT), a cryptocurrency created on the Tron blockchain, and with a vision aligned to decentralize the Internet.
How to Buy Tron (TRX)?
Platforms like IQ Option greatly facilitate investing in cryptocurrencies.
When investing through a broker, the need to configure virtual wallets (discarded wallets ) to keep your safe criptomonedas , which is a Recommended Practice for the time to buy in a bag.
For this reason, the buying and selling process becomes very simple.
In addition to other advantages, this broker offers tools called CFDs.
With CFDs, you can make a profit with the rise and fall of the price of cryptocurrencies, unlike other options. This is one of the few types of investment in which that happens.
On the date of its ICO, in September 2017, a TRX cost approximately 0.002 USD. That is, less than 1 cent per TRX!
The price of Tron reached an all-time high of $ 0.254 in January 2018, which represented, at height, a growth of 125 times its initial value.
Since then, it had a great correction in its price that, to tell the truth, affected the entire cryptocurrency market at the beginning of 2018.
2020 was a good year for Tron. This cryptocurrency grew close to 80%, once again encouraging its investors. However, this value is well below what it achieved in other years.
TRON’s goals are undoubtedly ambitious!
Decentralizing the business model of big tech companies and bringing power back to content creators would undoubtedly be a game-changing feat.
With everything you’ve shown so far, it can be said with some confidence that this is not just a shitcoin (dubious project).
It would be good to see the final result of some of their collaborations already obtained to understand more clearly all that Tron can achieve.
We recognize that, like many others in this market, this project is in an early stage, despite the large network of business contacts that it has already achieved.
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With more of us using smartphones, the popularity of mobile applications has exploded. In the digital era, the number of people looking for products and services online is growing rapidly. Smartphone owners look for mobile applications that give them quick access to companies’ products and services. As a result, mobile apps provide customers with a lot of benefits in just one device.
Likewise, companies use mobile apps to increase customer loyalty and improve their services. Mobile Developers are in high demand as companies use apps not only to create brand awareness but also to gather information. For that reason, mobile apps are used as tools to collect valuable data from customers to help companies improve their offer.
There are many types of mobile applications, each with its own advantages. For example, native apps perform better, while web apps don’t need to be customized for the platform or operating system (OS). Likewise, hybrid apps provide users with comfortable user experience. However, you may be wondering how long it takes to develop an app.
To give you an idea of how long the app development process takes, here’s a short guide.
_Average time spent: two to five weeks _
This is the initial stage and a crucial step in setting the project in the right direction. In this stage, you brainstorm ideas and select the best one. Apart from that, you’ll need to do some research to see if your idea is viable. Remember that coming up with an idea is easy; the hard part is to make it a reality.
All your ideas may seem viable, but you still have to run some tests to keep it as real as possible. For that reason, when Web Developers are building a web app, they analyze the available ideas to see which one is the best match for the targeted audience.
Targeting the right audience is crucial when you are developing an app. It saves time when shaping the app in the right direction as you have a clear set of objectives. Likewise, analyzing how the app affects the market is essential. During the research process, App Developers must gather information about potential competitors and threats. This helps the app owners develop strategies to tackle difficulties that come up after the launch.
The research process can take several weeks, but it determines how successful your app can be. For that reason, you must take your time to know all the weaknesses and strengths of the competitors, possible app strategies, and targeted audience.
The outcomes of this stage are app prototypes and the minimum feasible product.
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