Tron better than Ethereum?
On startup TRON started talking seriously after a successful ICO in September 2017, when he managed to collect $70 million in just a few days. Today the token of the project, TRX, trading on almost all major exchanges and is committed to a top ten cryptocurrencies by market capitalization, and the founder of TRON Justin San does not stop to call your project soon mate Ethereum.
To TRON Justin San was known as the chief representative of the Ripple project in China, and then as the Creator of the app Peiwo to exchange short audio messages, the number of registered users which accounted for more than 10 million people. Now Peiwo will be the first application that will be integrated with a network of TRON. Meanwhile, Forbes asks whether Justin San Jack MA (the founder of the Internet retailer Alibaba Group — ed.).
TRON — a fully Chinese project. The core team of developers based in China. TRON was also supported by Chinese capital, among its key investors — the founders of carmaker Lifan minsan the Yin and the popular mobile game Clash of Kings Bensen tan, CEO of Bitmain Jihan Wu, a former member of the Board of Directors of Ripple and investor exchange Coinbase Feng Lee, and others. To develop partnerships TRON also aims primarily with Chinese business.
The existence of such a large company in China would be impossible without the patronage of the authorities, which confirms an interesting detail: Justin San is a member of the local branch of the people’s political consultative conference, China’s Advisory body under the leadership of the PRC. And this despite the actual ban on cryptocurrency transactions in China.
Better Than Ethereum?
The TRON project aims to create a decentralized network for sharing content between users on the blockchain, as well as to develop applications for entertainment and informational. In the motto of our company is reflected even more ambitious goal of “decentralization”.
TRON constantly emphasizes their advantages in comparison with Ethereum. One of the main characteristics of its network TRON calls high throughput: 2000 transactions per second, which is above the current values of Ethereum (20-25 operations per second) and, most importantly, allows you to deploy TRON on the basis of large-scale decentralized applications that is determining to work with a large audience, for example, Facebook.
In the early development of TRON has divided the product into several levels of development: the repository, the kernel and the application, and within a few years plans, along with other leading blockchain networks, to introduce the principle of sharding operations that will allow to increase throughput with network expansion. In addition, TRON does not charge any fees from transactions on the network.
For validation of the transaction TRON uses the Protocol Delegated Proof-of-Stake (DPoS). TRON chose him for reasons of a more “democratic” organization. Validators in the network are the 27 TRON “superpractical” chosen from representatives of the crypto community by voting the token-holder TRX.
An important element of TRON — development of decentralized third-party applications based on smart contracts. This TRON has created its own virtual machine TVM, is fully compatible with the Ethereum network, but it uses the Java language, but not Solidity. Among the development tools that are available in TVM, — Remix, Truffle and Web3.js.
The chronology of events
The main intrigue remains the opportunity to implement all the ideas into practice. Project road map is painted to 2027, the main event in 2018 for the project will be a full launch its own blockchain network and all its elements. While TRON is moving towards the implementation of this phase according to plan.
The first version of the code of the future minneta — Odyssey 2.0 — TRON published at the end of December. March 31, in accordance with the schedule, the project team began testing the Protocol. Then the technical Director of TRON Lucien Chen repeated the reference to the imminent displacement of a competitor: “Our main goal is to optimize power and outperform Ethereum in all aspects, including bandwidth, availability, and scalability”.
In June, launched a full-scale transition from Ethereum TRON 2.0 on Odyssey, which began with an exchange of tokens TRX standard ERC-20 tokens private Protocol. In August on the Odyssey were translated more than 93% of all tokens TRX, the remaining mass will be traded on the stock exchanges Binance and Gate.io before the end of the transition to the new standard, and then the last token will be burned.
June 25 was the official release of the TRON network, which the company was referred to as “independence Day”. The day was launched the Genesis block of the network. A month later, started to campaign for the “superprestige”, which will be the validators of a network. 31 July was the beta release of the TVM. Its official version will be launched August 30 with the end of the startup process minneta. Also on July 31, started the official wallet of the project TronWallet.
Other goals for TRON in 2018, according to Justin Sana is to increase network capacity up to 10,000 operations per second, starting the first application on the network TRON and run your own blockchain Explorer.
The Acquisition BitTorrent
The main event for the TRON from the perspective of business development was the acquisition of a network of peer-to-peer BitTorrent. The parties did not disclose the transaction value, but according to TechCrunch, it was $126 million. In a statement to Sana on the occasion of the event said that the network was “more than 1 billion users from 138 countries”, the official BitTorrent website indicated that the monthly program are “more than 120 million users.”
Justin San said that the purchase of BitTorrent aimed at creating “the largest decentralized ecosystem”. He also announced the start of work on a secret project “Atlas”, later explaining that his goal is to connect network TRON and BitTorrent, over what will work the development team in the United States.
Porn and toilets
TRON is known for hyperactivity, which is not always a positive effect on the project.
So, in January, Justin San has been criticized for the fact that loudly announced his partnership with Baofeng, which he called “Chinese Netflix”. But then it turned out that TRON is planning to cooperate only with the division of the Baofeng, and the company itself to compare with Netflix is incorrect because it does not produce video content.
Another chipaway news was the announcement of the largest pornosite PornHub on introduction of payment options of the premium subscription with a few crypto-currencies, among which was TRX. Some took the news with skepticism, while the Global Coin Report called the event “the penetration of token TRX in the industry” and suggested that the content of PornHub in the future may be distributed over a network TRON, supported by the P2P-network BitTorrent. This assumption was confirmed by the San, who said that the partnership with PornHub will bring “additional application scenarios technologies TRON”.
Outright failure was the TRON statement on cooperation with the Chinese manufacturer of mobile toilets Moshroom to create a “toilet on the blockchain”. Some publications immediately rushed to make a joke about the new meaning of the term “shidoin”.
Plagiarism, vulnerability and conflict of interest
Accusations of plagiarism hit the TRON project is stronger than failing to hypnoti.
In early January, Joan Bennett, the founder and CEO of Protocol Labs, accused TRON copying white paper projects IPFS and Filecoin, reinforcing his statement with detailed screenshots sravnenii. Justin San explained the lack of references in the document TRON mistakes of his translations from Chinese to English.
19 Jun organization Digital Asset Research (DAR) has released the post, which noted that in December 2017 TRON caught in breach of the license free software GNU Lesser General Public License 3.0 (LGPL), as the program is Java-Tron was created from the library EthereumJ. Against this background explanation about Sana “translation difficulties” look is not convincing.
Although several lines of code were then corrected in accordance with the LGPL, the company said that the legal problems will “fade” before TRON vulnerability due to the use of library code EthereumJ, which is known for unreliability and bugs.
In addition, DAR was confident that TRON will encounter problems when you release a network, as its TVM — a copy of the Ethereum virtual machine. The difference is in the use of DPoS consensus, which was developed for use in other architectures. However, unaware of any problems with the work after Odyssey network launch June 25.
Portion of criticism to the project generously presents the main and have not yet achieved a competitor of the project is Ethereum. Acne Buterin never misses a moment to let go of the address of the next tweet Justin Sana sarcastic joke and confidently записываетTRON in the list of “Scam”.
In addition, according to DAR, tokens TRX standard ERC-20 had one of the highest degrees of ownership concentration among the largest tokens of this standard (and it is unlikely this has changed with the introduction of the new token format). Added to this is dissatisfaction with the fact that Justin San was elected “superpractical” network TRON comes just one day after their candidature.
Although accusations of plagiarism caused reputational damage TRON, they do not have a material impact on the company. China has long been known for copying others ‘ designs, that does not prevent businesses from China to develop and take leading positions in different sectors of the world economy.