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‘The price of Ethereum will go up only when they’re ready to change to status quo.’
TRON is one of the largest blockchain-based operating systems in the world.
“The choice of platforms is also very important. If you choose the wrong platform, it can lead to nowhere. Those who use Ethereum as their main application unit could start considering other public chains that are benchmarked against Ethereum.”
Justin Sun, the founder of TRON, said in a recent interview that Ethereum’s inaction in fact caused the plunge of its price. By alluding “other public chains that are benchmarked against Ethereum”, he was suggesting TRON. The battle between the two companies is intensifying.
As a matter of fact, to benchmark against Ethereum has always been Justin Sun’s unshakable goal since the birth of TRON. Today, TRON Virtual Machine (TVM) is officially launched. Once thought a pipe dream, it looks like the unrealistic dream of surpassing Ethereum is finally coming true…
TVM Launching Process Accelerated, Rivaling Ethereum Straight-up
The TVM was officially launched on August 30, SGT, which was also an upgrade for the TRON MainNet. This is yet another big move of TRON following the MainNet launch, TRON Independence Day and the Super Representative (SR) election.
The TVM is a lightweight, Turing complete virtual machine devised for the development of TRON’s ecosystem. The TVM aims at providing millions of global developers with a custom-built system for blockchain that is efficient, developer-friendly, stable, secure and easy to optimize.
The Virtual Machine (VM) middle layer that TRON will eventually realize will be compatible with the Ethereum Virtual Machine (EVM) and the EOS VM, as well as many more mainstream VMs in the future. This means TRON will be able to attract more outstanding developers to participate in building the TRON public chain ecosystem.
Public attention is drawn to the potential impacts of the TVM on the EVM. Compared to the EVM, the TVM stresses more on being “safer, more stable, and more compatible”.
It is undeniable that Ethereum is like a lighthouse that has been illuminating the way for the latecomers. Even though competing with Ethereum, Justin Sun, founder of TRON, has never denied the guidance and reference from Ethereum to TRON.
However, Ethereum has long been criticized for the defects of its EVM. This provides a good reference for TRON. Only a VM environment that provides security, stability, and multi-language support can lead to continuous improvement and maturity of the DApp development ecosystem.
In order to enable better DApp development for developers, the TRON team adopts Java, a more popular language as the contract language. TRON also uses Google Protobuf, which naturally supports multi-language expansion with better expandability, complexity and scalability. Developers can also use a simple API interface for DApp development, allowing more focus on the contract code logic itself.
Meanwhile, under the consensus mechanism of DPOS, TRON has also made some innovations. For security reasons, TVM introduces the concept of bandwidth, which allows free transfers and smart contract operations without consuming any tokens. This avoids attacks like those against Ethereum Gas consumption.
As Justin Sun said,
“Please take TRON as an operating system. As an operating system, TRON can provide the infrastructure for blockchain development and a very convenient and friendly development environment.”
With the release of the new TVM version, the head-on competition between TRON and Ethereum has just gotten more intense.
Standing on the Shoulders of Giants, Waiting for the Right Moment
Like many blockchain projects, every step of TRON has benefited from Ethereum, but TRON is expecting much more for itself. As the founder, Justin Sun clearly realized how much public chain development relies on investors’ confidence.
He believes that the core reason for the price drop of Ethereum is that
“the Ethereum protocol has not made much progress in a whole year last year. Modification plans for Ethereum Casper and the POS verification mechanism has not been implemented. Investors are gradually losing their confidence in Ethereum.”
During the past year, except for several interviews of the founder Vitalik and a few virtual confrontations with TRON, Ethereum hasn’t presented developers with substantial progress. Vitalik could not turn the table with 75 tweets in a row after the price drop in Ethereum. The stagnation of Ethereum created a chance for TRON to overtake.
2018 is a year of big moves for TRON. The team has spent more time in developing the TRON Protocol and providing a more convenient, easy-to-use, highly effective and friendly DApp development environment. It is expected that the initial architecture of TRON’s decentralized ecosystem will be completed in Q3.
In order to strengthen its ecosystem, TRON has completed a remarkable acquisition this year, attracting attention from both inside and outside the industry. After wholly acquiring BitTorrent, it will be the largest application in TRON’s ecosystem. At least 100 million users will use the TRON protocol.
Even before then, TRON already has the most global community users among all public chains with nearly 2 million active users. Soon it will ascend to be the largest blockchain operating system.
This will add to the real value of DApps based on TRON network. In addition, TRON’s blockchain DApp BU is planning DApp development and application at a faster speed. With the help of the TVM, the TRON DApp ecosystem will be further enriched.
TRON never forgets its original purpose and mission – building the infrastructure for a truly decentralized Internet, offering scalable, high-availability, and high-throughput support that serves as the foundation for all decentralized applications in the TRON ecosystem. The Protocol also uses an innovative, pluggable smart contract platform to improve compatibility with Ethereum smart contracts.
For many people, TRON is indeed more and more competent to rival Ethereum; it may even overtake the latter and lead the new era of mass application of blockchain technologies.
Now it’s time for developers around the world to vote with foot! “FUTURE!FASTEST!LARGEST!HOTTEST!” TRON’s founder Justin Sun has expressed his expectations for TRON with a triumphant tone. TRON is determined to overtake Ethereum. A real battle is yet to be fought.