Tron TRX new partnerships and release of Tron Virtual Machine 1.0 (TronVM) 25th May
Justin Sun has just announced a few hours ago 24th May 2018 on Twitter that Tron has formed partnerships with both BitKop and Hydro protocol. This will give Tron a huge competitive advantage over other cryptocurrencies.
So what are these 2 partnerships about, and why would these 2 partnerships have a linked benefit for Tron and be of advantage to Tron?
Hydro protocol:
This partnership with Hydro protocol is about helping the Tron foundation to perfect on technologies related to transport protocols and matching methods, in their race to develop an open-source public blockchain.
Hydro protocol has two features that will benefit Tron and lift it out above it's competitors.
The first feature of Hydro protocol that will benefit Tron, is it's ability to optimize decentralized exchanges so Tron will be able to execute and exchange at super fast speeds, up to 50 times faster than what other decentralized exchanges can offer.
As cost per transaction, speed and amount of transactions per second is a huge factor with older and developing cryptocurrencies, this will be of a huge competitive advantage to Tron.
The second feature of Hydro protocol is the use of something called the federated liquidity protocol. This will ensure Tron have enough liquidity in the decentralized exchange space.
This will be a huge advantage to Tron, given that liquidity is the biggest hindrance, to the growth of decentralized exchanges.
The second partnership Tron announced is with Bitkop. This links so beautifully to the Hydro protocol partnership. The BitKop exchange is a decentralized exchange that has been growing in popularity in the Asian markets.
Everybody knows crypto development and markets in Asia are huge, and also that Desentralized exchanges are the future. Tron stands right in the middle of this. BitKop also supports the Tron migration as from 21-23 June 2018.
So how are these 2 partnerships of linked benefit to Tron? Through the Hydro protocol Tron's network could become the default network for peer-to-peer crypto trading, based on speed, security and low transaction fees. This will also steal some of the shine off the Ethereum blockchain.
The increased levels of trading on the Bitkop exchange, one of the most liquid decentralized exchanges in the world, will further boost trading volumes of Tron (TRX). Higher volumes always lead to higher valuations, which will be a huge benefit to Tron investors.
These 2 partnerships means the Tron (TRX) main net could be one of the recent most successful events in crypto. These 2 partnerships are of a linked benefit to Tron, as through these 2 deals, traders will be able to trade Tron in a cheap, highly secure and fast environment thanks to Tron’s super high TPS and the hydro protocol Dex (Desentralized exchange) infrastructure.
The strong leadership of founder Justin Sun and leadership, is driving Tron from one success to the other. To me it just seems as if Tron is doing everything right, and in the precise right time sequence. Tron seems to move from one win to the next, prior to it's main net launch 31May 2018, and I believe past the main net release for the whole of their road map up to 2025.
The intelligence and insight with which the development of Tron and the Tron team are driven, is of a standard of very high excellence.
Tron as a cryptocurrency started as a ERC20 token, with a few volunteers doing the work. Currently Tron has 100 paid employees, including ex Google developers and employees from Alibaba working on developing this cryptocurrency as one of the best in the world.
Justin Sun has 2 teams working 24 hour day and night shifts around the clock in 2 different continents.
This is Asian work ethic and a machine of work ethic none of the other developing cryptocurrencies has been able to match so far. Some promising cryptocurrencies (on paper), has missed their promised launch dates of products, once or even twice, and are still struggling to get the work done and problems solved.
In contrast with this, Tron has moved at unexpected lightning speed and advanced it's launch date ahead to May 31st by huge strides and months. They are performing far above expectation with an efficiency that is mind boggling!
May is an exciting month for TRON, and today May 25th, TronVM v.0.1 will be launched.
Tweet: “TronVM v.0.1 will be launched on May 25. This version will be fully compatible with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to #TRON . We will offer a reward program, stay tuned!”
A few Etherium developers has already expressed interest in moving to the Tron platform. After the main met launch, Ethereum developers will be able to use an adapter to migrate their projects seamlessly from the Ethereum dApp projects to TRON.
I believe Tron will hit and surpass their known target of becoming the 6th largest cryptocurrency by marketcap, as they have reached all their targets on their roadmap so far, ahead of time!
The precision of the development team, their work ethic, advantageous and strategic partnerships, and strong leadership team will eventually drive Tron into a higher market cap, ranking, and price after the main net launch.
To Tron investors this is good news. Although there are many short term speculators with Tron, this is a long term hold to reap the greater gains in Tron's growing market cap and price in the long run.
Good news to Tron investors!!
But I believe more good news to come after the Tron migration in June...
This coin is moving with accumulating efficiency and speed. Watch it!!!
Cheers friends!!!
Thx for another informative post. Easy to read.
Please continue up with creating interesting content - it may be hard at the beginning to build reach and solid followers base.
Steemits needs solid content builders so just dont ever give up! :)
Already followed and upvoted :) Cheers,
Thanks, I am not the 'giving up type!' I also enjoyed your post!!!
not-giving-up type ? :) I like the sound of it
Nice post, although I don't understand to much of it.
I see you are also from South Africa, which exchange do you use for your trading?
You can also use the tag #teamsouthafrica for your posts if you would like more South Africans to read your posts.
Welcome here on Steemit.
Hi thanks!!! Wonderful to find a fellow South African on Steemit! What are the chances!!! I am definitely going to use your #teamsouthafrica tag!!!
Yes, cryptocurrency is the future. The above 2 partnerships will enhance Tron as a very cheap payment method word wide in future. They have partnerships with for example Obike in China, where they are already and will be paying in this coin. They ride bikes mostly in China. They do gaming as well which is huge, and just announced a new partnership today
Tron already has a huge market in China. They will most probably be used by Alibaba, the biggest website in the world after coinswap in June. Very interesting once you start getting involved with the altcoins that are a result of the initial blockchain tech of bitcoin. Apple has just created an app for Tron, released today. These guys are moving!!!
Tron is also decentralizing the internet, tackling google, FB, etc. They are launching 31 May, and change into the Tron coin June 21-23. You can read up about the company, stunning what the Tron team has been able to put together in a few months, Justin Sun not even 30. The guy that developed their wallet now has been programming since 13 year old, and is only 19 years.
I use Altcoin Trader to transfer and exchange rands to bitcoin to buy my bitcoin mining contracts. I know some people use Luno as well. Then I transfer Litecoin to different exchanges for trades. I basically have trades on a lot of different exchanges. I like buying alt coins like Tron when they are still cents, and these coins aren't always on the same exchange. I am basically subscribed to 7 exchanges, but active in about 3 or 4, depending what altcoins I hold.
If you have any other questions, just ask. I am always willing to answer.
I see you have these wonderful scriptures on your site. We have the same interest, thanks!!
Have followed and upvoted!!!
Resteemed your article. This article was resteemed because you are part of the New Steemians project. You can learn more about it here: https://steemit.com/introduceyourself/@gaman/new-steemians-project-launch