Beyond collaborations, Tron (TRX) has decided to migrate from ERC20 token to TRX ecosystem and it will be happening starting from 21st June 2018. The Mainnet will see Tron migrate from Ethereum blockchain to its own Mainnet, moving its already running Dapps from Ethereum’s ecosystem.
As the Mainnet launch day comes closer, there are several issues creating unrest in the mind of the coin’s lovers. Even though they are aware of the exact date, there seems to be massive curiosity over the suspense of what the effect of the Mainnet could be.
In the next 23 days, the Mainnet will see actualization and certainly, an outcome will prevail. Several scepticisms, thoughts and beliefs have been up for the imminent Mainnet from observers and analysts. While some have been bearish against it, the founder of Tron, lovers, and some others have been of the opinion that the way to space will be paved for Tron after the Mainnet launch.
In line with some opinions, the condition of the altcoin since the announcement of the proposed Mainnet launch is interesting, some developments and result that the Mainnet launch announcement has ushered is creating room for discussion and euphoria.
Below are three major things that could likely erupt from the imminent launch.
- Tron Will Become A Great Competitor Of Ethereum
Since the announcement of the launch, there has been series of Twitter brawls between Justin sun and Vitalik Buterin, the co-founder of Ethereum. Justin Sun has been up in the news that Tron, after the Mainnet launch will be better than Ethereum and will overthrown its former incubator.
“From today to the last day, we are no longer the ERC20 token and in the future, we will compete with Ethereum as a DApp platform.”
“We will compete face to face with Ethereum, and we have confidence we will build a large ecosystem; a much large ecosystem than the Ethereum. I will explain to you why we can surpass Ethereum in the future,” Justin Sun averred.
- A Possible Massive Blow For Ethereum.
Even if Justin Sun did not aver that Tron, after the Mainnet, will be contesting with Ethereum, the migration will surely create an itch on Ethereum as the former will be moving some of its users away from the latter’s ecosystem. Tron boasted having more than 100 million Dapp users, and it will be transferring them after the launch.
Added to the fact that the Cryptocurrency has voiced out that it will begin to match up with Ethereum, the moving of it Dapp users from Ethereum’s ecosystem will have effects on Ethereum.
- A Game Changer: Hopeful Massive Growth And Development For Tron.
Just 7 days after the launch of the Testnet, it had extended to 31 countries with 2500 nodes regardless of a bearish market. After the announcement of the pending Mainnet launch, developments were trooping in for the altcoin from all areas. The altcoin got supports from numerous exchanges amongst which Bitfinex, Bittrex, Bibox, Zebpay and Gate.io among others.
This, made people’s optimism rise. While some lovers and investors are in doubt of what would be of Tron after the Mainnet, Justin Sun replied that the Mainnet launch will surely be a plus for the altcoin, it will help create improvement on speed, scalability, security and Transactions Per Second [TPS] to 10K TPS.
“TRX will not make additional issues before 2021. The bonus TRX for package transactions before 2021 will come from the TRON Foundation. Afterwards, we will increase the supply of TRX at a fixed amount instead of a certain percentage.”
“Our main goal at Q3 is to fully support third-party apps and provide third parties with stable and reliable system-level support, including high-performance pluggable smart contract virtual machines and optimized P2P network systems. In Q4, we will focus on cross-chain communication and privacy protection,” Sun stated.
Another mighty step the altcoin took is the announcement that it will allocate “30M TRX to the Ethereum community” as a show of “gratitude towards Ethereum for their support during TRON’s ERC20 phase.” The move was made in a bid to make Ethereum users taste a bit of what the altcoin’s goodness might be after the Mainnet launch.
Musing over the fact that a mere testnet rose the altcoin to numerous county, a huge Mainnet attributed with the above developments will sure erect Tron to be an unshakeable altcoin in the crypto industry.
Mind you, at the moment, everything has been well set for Tron to rouse in the industry, moving above the world’s second most rated Cryptocurrency. If Tron is able to move its 100 million Dapp users, the altcoin could be the largest Cryptocurrency in space.