Is TRON more centralized than Eth? | Bitcointalksearch.org

sana54210

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Quote from: MAAManda on November 21, 2022, 04:53:02 AM

Quote from: kurniawan05 on November 20, 2022, 07:16:12 PM

I might prefer ETH, the development of technology within ETH is more pronounced and on the other hand TRON seems less developed, this is seen from the price and use of blockchain technology, people prefer to use ETH rather than TRON.

That's how it should be, the ecosystem on the Ethereum network is bigger than on the Tron network, people only use the tron network for the delivery of Tron (TRX) itself and also USDT, the rest are unmanaged projects. We can see a comparison of DApps running on the two networks from DappRadar at the following link: [1] Tron Network - [2] Ethereum Network.

From DappRadar's ranking report, we can see that only SunSwap and JustLend projects have volume above 1M, the rest are below that value. In contrast to Dappradar's report on the Ethereum ecosystem, where the average project has a volume of over 1M, some even reach 1B, namely Uniswap V3. Regarding Centralization, even though these two networks are now centralized, but, it would be better to choose Ethereum.

That is true, but that is a question mark on tron and why it's not used more? Like if we are moving TRX and USDT via tron because it's so cheap, even free, then why aren't we using more stuff? I always imagined if you could have tron network used for ALL coins we know, via exchanges mainly, then shouldn't that be a lot better? Move eth, bnb, ltc, avax, sol, whatever you want, all via tron because it's so cheap.

Unfortunately, people somehow don't do it, even bitcoin itself with a bridge would be so perfect, because the cost of bitcoin transactions are still not that low, it could get lower. I personally believe tron is not used as much as it could be and that's because lack of marketing.

MAAManda

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Quote from: kurniawan05 on November 20, 2022, 07:16:12 PM

I might prefer ETH, the development of technology within ETH is more pronounced and on the other hand TRON seems less developed, this is seen from the price and use of blockchain technology, people prefer to use ETH rather than TRON.

That's how it should be, the ecosystem on the Ethereum network is bigger than on the Tron network, people only use the tron network for the delivery of Tron (TRX) itself and also USDT, the rest are unmanaged projects. We can see a comparison of DApps running on the two networks from DappRadar at the following link: [1] Tron Network - [2] Ethereum Network.

From DappRadar's ranking report, we can see that only SunSwap and JustLend projects have volume above 1M, the rest are below that value. In contrast to Dappradar's report on the Ethereum ecosystem, where the average project has a volume of over 1M, some even reach 1B, namely Uniswap V3. Regarding Centralization, even though these two networks are now centralized, but, it would be better to choose Ethereum.

Paul Pogba

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According to a recent audit that TRX is centralized, the team will not be able to increase the stock as is the case with many coins including ETH, but this is today's statement, if one day it is known that TRON is centralized it will create a big panic for users, hopefully no problem with TRON.

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Quote from: iv4n on November 20, 2022, 01:23:31 AM

Quote from: DanWalker on November 19, 2022, 10:57:26 PM

Once using the POS, both are centralized so it doesn't matter which is more centralized, but in terms of investment, I think Tron is already a dead project. It's been a while since I've seen any notable news or updates from it, I think if it hadn't been widely used in the use of USDT with its cheap transaction fees, people might have forgotten about it a long time ago. Investing in Tron is no different than you are investing in stable coins, you can use it to transfer money because of cheap transaction fees but never invest in them.

I think Tron is far from dead, Tron is fast and flexible, with low transaction fees... it's easy, simple, and cheap to use! I agree that investing in Tron can look like investing in stablecoins, the price of TRX is pretty stable at some low levels, and it seems it can't move from there for years. That can change in the future, I like and use Tron and I think there's some potential, for sure we can't expect some miracles (the all-time high was $0.23 5 years ago), but I like to believe that one day Tron will touch the $1 price.

Dead, I mean it's no longer developed and not of interest to investors, not completely gone. Tron's trading volume in 24 hours is still at 300 million, not only you, there are still a lot of people who are using it as a means of payment because of its cheap and fast fees. Tron is expected to be Eth's rival but look what Justin Sun has done with it, so I don't believe that miracles will happen to Tron. Bbut one thing it outperforms ETH is the percentage of USDT users, that's the only thing that I see it's bigger than ETH.

kurniawan05

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I might prefer ETH, the development of technology within ETH is more pronounced and on the other hand TRON seems less developed, this is seen from the price and use of blockchain technology, people prefer to use ETH rather than TRON.

MoonOfLife

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Tron has become a shitcoins and it's not comparable to ethereum, you're making a pretty lame comparison. Eth is currently the king of altcoins while Tron is barely mentioned in the market anymore. If one day USDT no longer supports Tron then I believe it will soon disappear from the crypto map.

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Quote from: JunkieMiner on November 20, 2022, 11:28:26 AM

I don't even think so, But rather we can say that both of the Tron and Eth are centralized in a sense, as we saw from a long time, people are investing in Tron, they make trades, and furthermore, Etherium is much better than Tron if we look at their market caps and their properties and compared both of them.

For sure, big market cap is better no? Who cares about anything else when you have big Market Cap.

There is so much more to a coin than its price and cap. Coins that truly bring value to the Cryptocurrency scene are going to thrive anyway. Ethereum does not stand a higher chance against another coin just for being big. Big monsters can in fact drop and deal a ton more damage to the markets than smaller ones can. See LUNA.

But the truth is that except mainstream acceptance, there is no logical reason Centralized coins can and should stand and thrive. There is no need of coins if they are Centralized. We have banks already doing this for us.

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Quote from: Blawpaw on November 19, 2022, 08:14:17 AM

Even though TRON has been facing a bearish momentum, a recent report indicates TRON, the total number of accounts increased to 120 Million. According to Coingecko TRON is the 16th largest cryptocurrency in terms of market capitalization.

Don't let the total number of accounts or addresses fool you. I can generate 1000 TRON addresses and then claim the network has grown by 1000 addresses yet it just one person creating them.

As far is I know. Justin Sun is one big shill and scammer who can not be trusted.

Quote from: merekamo on November 19, 2022, 08:00:15 PM

TRON and ETH can be argued that both are highly centralized blockchains, but there are some significant differences between them.

TRON uses POS consensus algorithms while ETH uses POW consensus algorithms. In contrast with POW algorithms, POS algorithms allow you to stake your coins for some time and gain rewards for doing so.

You really don't know what has been going on, do you?

ETH POW is now history... Google search about "ETH Merge"

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Quote from: Blawpaw on November 19, 2022, 08:14:17 AM

Unfortunately, TRON has been accused of being a highly centralized network as it uses a PoS system. Given that, ETH has also become a centralized network right after the merge. Would you consider it more centralized than TRON? Compared to ETH, would TRON be a better investment?

What is less centralized even mean? If both is centralized, then there is none to compare about if they are both centralized.
At least ETH has more use case because of the smart contract and NFT projects use this contract, so there are still lot of going on for Ethereum. Still we haven't seen the peak of Ethereum and the smart contract(ERC-20).
I'm not sure about TRON, but looking at the price itself. It's not going to be a great view for some of us whose holding this asset.

JunkieMiner

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I don't even think so, But rather we can say that both of the Tron and Eth are centralized in a sense, as we saw from a long time, people are investing in Tron, they make trades, and furthermore, Etherium is much better than Tron if we look at their market caps and their properties and compared both of them.

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Both use POS so both are centralized and no matter who is more centralized, it makes no difference. But when it comes to profitable investments, Tron can never be compared to ethereum. A coin that has been continuously updated and developed for the past 5 years and has become the queen of the altcoins market. In contrast, a coin has had almost no updates in years and it seems that its creator, Justin Sun, has lost interest in Tron. Tron is still one of the top coins but it can be said that it is already a dead investment, meaning it is no longer profitable if you invest in it.

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I dont know the level of centralization but with PoS algo, its technically the same. There are plenty of PoS and as far as I know they considered as the same level. Yes there are difference on technical aspect and features but if talking about centralization then we can say they just literally all the same regardless which are faster or has scalability level.

tbct_mt2

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Ethereum is more centralized than Bitcoin.
BNB is more centralized than Ethereum.
TRON is more centralized than BNB.

Other shit coins are more centralized than TRON too.

The latest lesson from FTT collapse is very good to prove centralization of altcoins. If FTX and FTT are not very centralized, they would have not been collapsed too quickly ad easily like that.

Jancuki

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I think this can also be a consideration for investors when choosing other alternatives besides ETH, you could say TRON is a project that has been around for a long time in the crypto world and is at the forefront of creating or following developments in features, but what makes TRON less attractive is when viewed from the perspective of the price can be said to show no increase compared to other competitors.

iv4n

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Quote from: DanWalker on November 19, 2022, 10:57:26 PM

Once using the POS, both are centralized so it doesn't matter which is more centralized, but in terms of investment, I think Tron is already a dead project. It's been a while since I've seen any notable news or updates from it, I think if it hadn't been widely used in the use of USDT with its cheap transaction fees, people might have forgotten about it a long time ago. Investing in Tron is no different than you are investing in stable coins, you can use it to transfer money because of cheap transaction fees but never invest in them.

I think Tron is far from dead, Tron is fast and flexible, with low transaction fees... it's easy, simple, and cheap to use! I agree that investing in Tron can look like investing in stablecoins, the price of TRX is pretty stable at some low levels, and it seems it can't move from there for years. That can change in the future, I like and use Tron and I think there's some potential, for sure we can't expect some miracles (the all-time high was $0.23 5 years ago), but I like to believe that one day Tron will touch the $1 price.

DanWalker

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Once using the POS, both are centralized so it doesn't matter which is more centralized, but in terms of investment, I think Tron is already a dead project. It's been a while since I've seen any notable news or updates from it, I think if it hadn't been widely used in the use of USDT with its cheap transaction fees, people might have forgotten about it a long time ago. Investing in Tron is no different than you are investing in stable coins, you can use it to transfer money because of cheap transaction fees but never invest in them.

Jawhead999

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Centralized, semi centralized, full centralized, semi decentralized, full decentralized, less decentralized and list goes on.

I don't care with the word of "more, less, semi" I just know 2 word it's either centralized or decentralized. ETH and TRON is centralized, there's no any use case and no fundamental. The developer can froze your coins inside your non custodial wallet, which mean the developer can track his coins whenever your coins go.

What I know is the only decentralized coins is Bitcoin, Monero and DAI, while the other is centralized.

vv181

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There are many variables to measure decentralization, judging by only the consensus mechanism is quite incorrect, but currently, it might able to greatly determine the future outlook. Also, just because some coins use PoW doesn't mean they will be decentralized.

Back to mechanism consensus, there have been long discussions on [Megathread] The long-known PoW vs. PoS debate, and it does indicate that PoW is in favour within a decentralized system, compared to PoS. With that in mind, there is a degree of centralization on both coins. So, if you are researching to choose which coin is better for investment purposes, I don't think whether it is decentralized or centralized matter in these particular coins.

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Because the PoS algorithm is the same in both cases, they are technically equivalent. The question is who is massively manipulating. Tron, in my opinion, though I am not an expert on the subject. Both coins appear to manipulate and control market conditions at times. They aren't completely centralized, but they aren't truly decentralized either.

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TRON and ETH can be argued that both are highly centralized blockchains, but there are some significant differences between them.

TRON uses POS consensus algorithms while ETH uses POW consensus algorithms. In contrast with POW algorithms, POS algorithms allow you to stake your coins for some time and gain rewards for doing so.

The problem is that those who have high amounts of coins will have an advantage over others when it comes to staking their coins because they will be rewarded much more than others.

Which means they will accumulate more coins. This can increase centralization in the network.

zonefloor

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Both are currently centralized. But when I compare tron to eth, I will always say eth. Because justin sun, the founder of tron, is someone who is completely unreliable and does not know what he will do tomorrow. He has done serious damage to the crypto money market with very bad news by trying to manipulate the market as he wishes, purely for his own interests. But when we look at vitalik, he has done a great job for the cryptocurrency market.

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Tron never become a better thing compared with ethereum. How centralized the blockchain can be seen from how many validator that exist in the network. It depends on what people define the decentralization is. When you are seeing POW and it's been called as decentralized caused by people believe if nodes that running by miners were fully decentralized and not doing any collusion while the fact that if in the history of bitcoin and ethereum, miners were doing so many collusion. They were trying to take control over the blockchain caused by any improvement proposal must have passed the vote my miners which can be manipulated. I see now difference between both. Ethereum is far better than tron. Tron is more centralized.

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Here is where I have to ask you a question. Does it matter if a coin is more or less centralized than another? We have Centralized and Decentralized. Whether more or less, they are still Centralized which is not what Cryptocurrencies were supposed to be.

I can not imagine how TRON can be a better or worse investment than ETH due to how centralized they are. The risks are present in both coins.

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Quote from: Blawpaw on November 19, 2022, 08:14:17 AM

Would you consider it more centralized than TRON?

The fact is that both of them are centralized.

Quote from: Blawpaw on November 19, 2022, 08:14:17 AM

Compared to ETH, would TRON be a better investment?

I'll still choose to have ETH than Tron if it's about investing. Ethereum has proven a lot of things already although the transition of it from pow to pos isn't likable by many.
But as it changes through that algo, that has made a lot of interest for people to make more money from it by holding and staking it.

Blawpaw

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Even though TRON has been facing a bearish momentum, a recent report indicates TRON, the total number of accounts increased to 120 Million. According to Coingecko TRON is the 16th largest cryptocurrency in terms of market capitalization.

Unfortunately, TRON has been accused of being a highly centralized network as it uses a PoS system. Given that, ETH has also become a centralized network right after the merge. Would you consider it more centralized than TRON? Compared to ETH, would TRON be a better investment?

Topic: Is TRON more centralized than Eth? (Read 220 times)