TRON is going mainstream and here is why!

Since its inception in 2017, Tron has been the subject of controversy and drama. Its initial ICO did phenomenally well raising over $70 million despite the white paper being exposed as mainly plagiarized from the Ethereum white paper. For months the FUD continued and Justin Sun the singular driving force behind Tron was accused of cashing out 1.6 Billion tokens. The FUD was relentless and untrue but it nevertheless had an effect on investor confidence in Tron and the price dropped from 0.20 cents to just 0.14. Sun was very quick to clear things up and prices rallied slightly before the blow of the bitcoin crash.

Tron started out as a token for paying for entertainment content online. Its market was focused on Asia where Justin Sun already owns a Peiwo a live streaming app that has over 10 million users in China. Now Peiwo is fully integrated with Tron and with the launch of Trons own mainnet we have to ask.

For a company that many said was vaporware have they proven their critics wrong? Is Tron ready to take over the blockchain space? Could it be the one Crypto to actually launch a useful Dapp? If you fell for the FUD and sold your tokens should you feel daft? Maybe, but to find out let’s take a look.

Tron was an ICO launched last year by Justin Sun, Justin wasn’t some random guy trying to get in on the ICO bubble, however. He had been a top representative for Ripple in China, and a protege of Jack Ma, the founder of Alibaba. Sun has since made it onto Forbes’ 30 under 30 list as a technology innovator.

Despite all the negative PR and the constant FUD against it, Tron is still going strong and in what has been a challenging year it’s been making some real progress. In June Tron launched its own mainnet, transferring from Ethereum to its own Blockchain. On its mainnet platform, it has been able to launch its own Dapps and the thing that makes it stand out from the competition is that the Dapps can be written in Java which means developers don’t have to learn new languages like solidity in order to create their decentralized apps.

Tron also released the Tron Virtual Machine this means that developers can test and run large-scale Decentralized Applications and unlike Ethereum running apps on the TVM won’t cost gas which means that programmers won’t need to be as careful worrying about how much certain tasks and transactions will cost which inevitably gives them the flexibility to program more complex and interesting applications.

Since implementing the Tron Virtual Machine system, over 50 dapps have been added to the mainnet. At the moment most are in Beta but there are at least 18 apps that are live and that’s still 18 more working Dapps than most competitors in the sector. One of the bigger wins for Sun and Tron has been its purchase of BitTorrent. The peer 2 peer sharing technology company. Many people associate BitTorrent with software and film piracy but there are many legal use cases for the software from game updates, and file syncing. Even Facebook uses BitTorrent internally to roll out updates to its code. The other use of it is for legal video distribution too which is why Sun and Tron were so keen to buy it.

The Tron mainnet itself now has over 500,000 registered accounts. As far as numbers go, this is a massive amount of people for a cryptocurrency related project. Add to this that Tron’s own Point of Sales Payment system in development Tron could well be heading mainstream.

Of course, all Point of Sales crypto projects suffer significant hurdles, the main one is getting card providers to join up with them. Some providers are even working on their own projects in the background.

Sun has even mentioned his desire to take on companies like Facebook with a platform users will be able to publish everything they want to without having to worry about the censorship that characterizes social media platforms like Facebook and Twitter at the moment; the advantage, of course, is like Peiwo users will be able to pay each other using the app.

If they can pull this off, there is no reason not to see Tron make a real mainstream impact and if you sold your tokens on this one because of all the FUD then you may well end up feeling a little daft.

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Disclaimer: CryptoPig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.