Is TRON Most Popular Blockchain? One of the popular networks for building DApps is TRON (TRX). Tron is a blockchain-based operating system that aims to ensure this technology is suitable for everyday use.
If bitcoin can handle up to six transactions per second, and ethereum up to 25. If TRON claims the network has a capacity to process 2,000 transactions per second.
The project is best described as a decentralized platform focused on content sharing and entertainment. To this end, one of its biggest acquisitions was file sharing service BitTorrent in 2018.
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Overall, TRON has divided its goals into six phases. These include providing simple distributed file sharing, encouraging content creation through financial rewards, enabling content creators to launch their own private tokens and decentralizing the gaming industry.
Founder of TRON
Justin Sun founded TRON and now serves as CEO. He studied at Peking University and the University of Pennsylvania. Forbes also ranked him in Forbes Asia in the 30 under 30 session for entrepreneurs.
It was born in 1990, as well as being associated with Ripple in the past who served as Ripple’s head of representation in Chinese provinces.
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TRON and Sun have been accused of plagiarism in the project’s white paper. With some on Twitter claiming that the extract of the document had been taken from a proposal for a rival service such as the InterPlanetary File System.
Sun claims that TRON’s white paper was originally written in Chinese. Translators may fail to add important details and distinguish
The uniqueness of TRON
TRON has positioned itself as an environment where content creators can connect with their audience directly. By getting rid of the platform, whether it’s a streaming service, app store, or music site, it’s hoped that creators won’t lose too much because of commissions to middlemen.
In turn, this can also make content cheaper for consumers. Given how the entertainment sector is becoming increasingly digital, TRON can be at the forefront of applying blockchain technology to the industry.
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The company also says they have a talented and experienced team of developers, based around the world, who come from big companies like Ripple Labs.
Equally important, while some other blockchain projects may have unclear development plans, TRON offers a point of difference by providing a roadmap showing its intentions for the years to come.
How Many TRON (TRX) Coins Are in Circulation?
Is TRON Most Popular Blockchain? TRON has a total supply of over 100 billion tokens. At the time of writing about 71.6 billion of these are in circulation.
When the token sale was held in 2017, 15.75 billion TRX was allocated to private investors, while an additional 40 billion went to participants in the initial coin offering. The Tron Foundation was given 34 billion, and Justin Sun’s company got 10 billion.
Overall, this means that 45 percent of the TRX supply goes to the founder and the project itself, while 55 percent is distributed among investors. Critics argue this is a much higher ratio than seen in other cryptocurrency projects.
TRON price
Based on coinmarket data, Saturday night (14/5/2022), the price of TRON was IDR 1,075.84 with a 24-hour trading volume of IDR 18,367,087,433,328. TRON is down 1.31 percent in the last 24 hours. Currently, the market capitalization is IDR 105.624,596,570,147.
Get to know Reef Coin, the Crypto Token of the Reef Finance Platform
Previously, Reef Finance (REEF) was a crypto project that had been built on Polkadot. Reef is considered to be the first cross-chain crypto operating system, facilitating the transfer of tokens and liquidity between various blockchains.
Reporting from Kriptomat.io, Tuesday (10/5/2022), the blockchain includes a centralized exchange (CEX) and a decentralized exchange (DEX). Reef coin (REEF) is the native token of the Coral ecosystem.
Is TRON Most Popular Blockchain? Reef coins can be used for several things within the Reef platform such as payment of transaction processing and data storage fees, running validator nodes by staking REEF tokens, and nominating which validator nodes should be part of the network.
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Reef is also backed by several leading funds and venture capitalists including NGC, QCP, Bitcoin.com, Kenetic Capital, LD Capital, TRG Capital, Krypital Group, Genesis Block, Woodstock Fund and others.
Founder of Reef
Reef finance was founded by Denko Mancheski in 2019. Mancheski also has a good knowledge of crypto. His motivation is to build the most advanced blockchain for retail investors who want to get involved with DeFi, NFT, and Gaming.
Mancheski wants to help cryptocurrency newcomers overcome the complexities associated with interacting with blockchain and understand new concepts like DeFi andNFT.
The Uniqueness of REEF
Additionally, the ability to provide multiple bridge access to other blockchains so that funds and liquidity can be easily moved to the Reef Chain, enabling retail investors to take advantage of their high scalability and low fees.
Uniqueness
What makes the Reef chain unique is that any DeFi protocol that has been implemented on Ethereum or an Ethereum Virtual Machine (EVM) compatible network can run on Reef with just a few changes to the code.
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Is TRON Most Popular Blockchain? Because the Reef Chain crosses the intersection between Ethereum and Polkadot, along with a bridge to other blockchains, the Reef ecosystem is accessible to anyone with a Web3 wallet interested in accessing dApps on Reef.
Reef price
Based on Coinmarketcap data, Tuesday (10/5/2022), the REEF price is IDR 79.56 with a 24-hour trading volume of IDR 590,252,449,786.
REEF is down 12.04 percent in the last 24 hours. Meanwhile, Coinmarketcap’s current rating is 297 with a market capitalization of IDR 1,497,100,901,874. Until now, there has been a circulation of 18,818,379,366 REEF supplies from the maximum unavailable supply.
