Independence Day: TRON launches its mainnet, parts from Ethereum

When EOS mainnet was about to launch the whole crypto-world had their eyeballs stuck on the news, now since TRON is launching its mainnet, it’s their time to rise and shine. They will be shifting to their own mainnet and database, now they have become independent let’s see what they have to offer with its new launch.

Independence from Ethereum Blockchain

TRON previously operated on the Ethereum blockchain where the transaction was recorded on the Ethereum Blockchain and verified through the Ethereum consensus mechanism of POW(Proof of Work), now that they have launched their very own mainnet they will be having their own consensus mechanism to govern the network and its members.

The platform has been circulating the ERC 20 tokens previously on the Ethereum network, and for the new network old tokens are swapped for the new TRX tokens, the token swap for shifting from the old network to the new one was initiated four days ago, the transfer of the old TRX tokens to new was supported by 36 exchanges.

Odessey 2.0

Odessey is the mainnet that was highly awaited by the TRON Foundation(TF), the surprising fact is that the Odessey 2.0 was released on May 31st this year and without a glitch, they attained this position in less than a year. The TF managed to raise $3 billion dollars, grow its team to over 200 individuals, and released the first step to its “decentralized internet.”

Justin Sun the CEO of TRON quoted on CoinDesk:

“This is just the beginning of the decentralized internet – it’s not the end…For right now we don’t have a full picture.”

Justin stated that this is the first steps their community has taken, being independent of the Ethereum and launching their mainnet was a big step and that now they haven’t decided how they will shape up their new community.

Currently, the mainnet has 254 nodes worldwide. While the whitepaper was removed from the project’s revamped website, the full vision for TRON isn’t set to be completed.

This has been a huge step for TRON, unlike EOS, their mainnet is bug-free at-least for now, the developers have given sufficient time for the community in order to check for any bugs or problems in the network prior to the launch.

What is your opinion on TRON, do you think the post mainnet launch will be a success or it would fail like EOS?

Image Courtesy for the featured image: dailyhodl.com


Disclaimer: The opinions presented here are of the Authors’. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. CoinScenario.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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