Topic: 🤔 Personal thoughts about Tron Blockchain (Read 134 times)

Anything can happen in the strange and bizarre world of crypto. TRON is a smart contract platform, so it can easily rise to the top if it gains massive traction in the mainstream world. All it needs is someone prominent like Elon Musk to help attract investors into it. After that, mainstream developers will jump on the TRON "bandwagon". There's low interest in TRON right now, so don't expect prices to go up anytime soon. At least the blockchain is alive and healthy. As long as TRON remains actively traded on the market, nothing else matters. Just my thoughts

I really doubt tron could be called a sleeping giant for the simple fact that tron surely isn’t a sleeping giant considering its difficult competition with the likes of matic, bsc, and even avalanche that has accomplished great feat of overtaking the amount of TVL in the platform compared with BSC.
as you can see, if tron is compared with all these platforms that are relatively newer than tron itself but already has such tremendous growth you could kinda see that this platform isn’t really a sleeping giant, but a platform that lacks innovation. Tron is losing against the new blockchain in almost all of aspects. This is not the sleeping giant anymore and pretty much the same like NEO.

TRON is a sleeping giant, we know that TRON is so complete as in the description by the OP above, and TRON is still not screaming loudly to stir up the market. I think it needs a big break in it, like Elon who played Doge a while back, we need something like that I think, and we will see TRON multiply its value in the market. Honestly, I was the one who waiting for that to happen. Crypto is full of surprises, so I don't think I'm exaggerating on this.

Personally, I don't see the TRON network with low fees, it's just that the TRON value itself is still very cheap, so the transaction costs are very cheap.
Now try to imagine if the value of the tron is at $ 100 for one unit and each transaction is 1 unit of tron, is that also considered very cheap ?

tron is sometimes underestimated by some people, but what i have in mind, tron is one of the coins that is quite good for long-term investments. sometimes i also invest in tron and it is quite profitable.

tron also always goes with the movement of bitcoin.
well, indeed we can't compare it with other altcoins like ethereum and bnb which do have a lot of fans.
but in my opinion, tron is still worth the investment. it will be very risky, but in crypto all types of coins have their own risks.

From a technological standpoint, TRON exceeds far beyond our expectations. However, the Blockchain itself is somewhat centralized. Now that Justin Sun left the project, it'll be hard to imagine how TRON will be able to survive on its own. The community needs to focus on decentralization, else the project will be destined to failure. If only mainstream developers paid attention to TRON, the cryptocurrency would've been among the top players on the market right now. Dirt-cheap fees and blazing-fast confirmation times makes TRON the ideal smart contract platform for "De-Fi".

There isn't much demand for the coin right now, so investing into it for the long-term would be nothing more than a risky move. Who knows what would be of the TRON project in the future? Just my thoughts

Very centralized and seem no development anymore for this network. Trx is also easy to get especially the stakers which anyone who has invested lots of it will just keep dumping what they get every time. So there is nothing that oushes the price to go up. No new developers onboard anymore because Justin also forces the dev to sell their tokens as cheap as possible, I remember an incident with one defi project.

From my own observation,there is this stereotypical behavior in crypto that makes things the way they are, anyone that has ever use tron to transact will know exactly what is being said, but different stroke for different folks, some people judge the tron network with their personal feelings towards justin which shouldn't be, despite the high fees in eth network it remains the most sorted out for  
Tron network may not be 100% but it get the job done real fast and cheap more than some, hopefully there will be such a dApps to build on the platform to turn things around.  

Sometime this blockchain cost more compared with another L2 blockchain like matic or BSC. I remember that when people got charged with non sense fees on tron blockchain but it seems like this time everything is fine.

Not this time. The competition is very strict at this moment. People have so many choices of scalable blockchain in the market. people have so many choices and this make tron so difficult to attract the new users.

It's not easy as you said. The major platform will not be easily migrating from one to the another.

this blockchain went the wrong way, although the network is stable and cheap transactions, it was possible to attract people with something when ETH transaction fees increased, for example, invite or emigrate top projects to the TRX network, and perhaps TRon would be in the top 3 CMC.

In my own personal view, TRON is what you get when the platform is relying more on hypes around its founder Justin Sun. Actually, the man has the capacity to make this whole project really be the best and compete well with the rest in the crypto industry but somehow there are many things wrong hence it failed to sustain the kind of initial interests shown into it. I am hoping that it is not yet too late for TRON to make a good comeback and reclaim its spot. Maybe Justin should be hiring a new batch of people to help the blockchain network be reenergized and be attractive again.

Nice summary!

The point is, in 2017 Tron was touted as the coming Ethereum killer, but back then the main criticism was already that the advantages over Ethereum can only be achieved because Tron is very centralized. Almost 5 years later, that hasn't changed. Tron is neither more decentralized, nor has it even come close to knocking Etherereum off its throne, even though Ethereum has major weaknesses, first and foremost the enormous gas fees. Meanwhile, there are much better competitors to Eth such as Polkadot, Solana or Avalance. Therefore, I think Tron will hardly have a chance.

It was probably last year when I read a post here about Tron's higher than expected fees.

....
Some projects on Tron are too attached to Justin Sun. Yes he may have left already but the branding of some defi platforms with his name to it just felt like devs seeking for recognition from him.

I know this platform kinda underrated, this platform rarely have burdening fees for its dapps and usually are being used a lot for USDT alternative of ETH chain that usually charges so much for USDT and any other ERC-20.
but seeing its condition, it seems this platform kinda stuck and being overshadowed with the presence of newer blockchain platform like matic and the others that seems gaining growth with such tremendous rates.
I still doesn’t understand the reason that caused this blockchain to be in such state because it seems this smart contract platform hasn’t have any significant progress recently and just feels the same.
So many new platforms have been surpassing this blockchain even solana and ada overcome this blockchain easily. Major update is needed at least to create bridge to the EVM blockchain compliant

I smell hate a mile away on your comment. Tron is a decent blockchain with solid dapps, resources and features that mediocre blockchain don't. They have a side chain which is good for scalability purposes. I believe this comment should go to Cardano instead of Tron since Tron  blockchain is running smoothly for more than a year. The only thing I hate about this project was it's centralized too Justin Sun. So this blockchain can be easily taken down in case those validators under Sun ownership will gonna shut down.

Tron foundation too is draining too much money from TRX treasury on things that didn't have connection with Tron.

I guess TRON has already proven its existence as one of the established Blockchain's in the crypto industry, TRON survives the test of time and I think there is still a lot of space for improvements so I believe we cannot judge it based on its capabilities today because it was continuing to enhance and develop further so base on that idea I can say that TRON has a bright future. Anyway, it's only my opinion and it will not change anything.    

Over-rated blockchain. This blockchain has no impressive progress like EOS. The team was doing shit to the its blockchain. Bought so many platforms from another companies but it's useless. It doesn't give additional value to the tron ecosystem. This blockchain was not fast enough and solana has beaten this blockchain in almost all of aspects. Remember that people are still using this blockchain caused by it has some useful tokens that is still used by so many low - medium tier of exchange site. This blockchain is a complicated blockchain. I don't feel surprised to see that tron will have the same future like NEO.
NEO got hyped a few years ago and it becomes another small project in the crypto after it surge to be major project.

Believe me, the TRON blockchain is seriously underrated. It has so many features that often beat top players on the market. The fact that you can perform transactions for free (in some cases) in just 3 seconds, is a huge win in my eyes. This makes TRON extremely useful for "De-Fi". If only mainstream developers paid attention to this platform, TRX wouldn't be this cheap right now. There needs to be quality dApps on the platform that would bring the attention of mainstream traders and investors alike. Otherwise, demand for the cryptocurrency will stall.

Now that Justin Sun departed from the project, TRON can achieve greater decentralization. Price per TRX is dirt cheap right now, so it wouldn't hurt buying a couple of coins to save them up for the future. Who knows if this is a hidden gem waiting to blossom someday? Just my thoughts

This is still the worst blockchsin despite good scalability owned by tron but again lack of utility will become the worst thing ever. The TPS that you mentioned above totally different with what already mentioned by tron community https://thenewscrypto.com/tron-trx-ranks-second-for-total-transactions-on-major-blockchains/

So which was the correct TPS? Don't mislead people with it. I thought that this blockchain seems like an experimental blockchain. This can be only used to build defi but it's not about another dapps like metaverse or play to earn game.

Tron had everything needed for success. Its transaction fees is effectively zero when you are harvesting the energy. Transaction prices could go high if there were much traffic but it would still have been better than BSC or polygon. Every of the new utility token came and took over Tron while the tron eocsystem and dapps and dex around it failed to attract any traffic. There are still tron based gambling platforms and they provide a good value for fees compared to other ecosystems but they are not as competitive as the ones in newer chains. I just don't have any explanation why the dex hype avoided Tron.

Tron blockchain
- Block Time: 3 s
- Transaction Time: 2000 TPS.
- Consensus: Delegated Proof of Stake (DPoS)

Technology
TRON  architecture has 3 layers: Storage Layer, Core Layer, and Application Layer.
- The core layer has smart contracts, account management, and consensus. The languages used in the smart contract are Solidity, Java, C++, Scala, Python, Go. The consensus mechanism is Delegated Proof of Stake (DPoS).
- The storage Layer uses LevelDB and KhaosDB to store data.
- Application Layer is where dapp runs.

Tron Sun Network is the sidechain using the same DPoS consensus to be compatible with TRON Protocol and highly customizable for dapps.
Strong points
- Fast transaction, low fee
- The ability of scalability with sun network.
- Thick backers: Samsung, Coin Payment, Web Opera, MixMarve, Playza,...
- Huge fan base, big community.
- Dexs on Tron like Justswap ranked in the top 10 having the most TVL.
Drawbacks
- Distribution of TRX is too centralized(a small number addresses own a large amount of TRX )
- Competition with a lot of big names: Ethereum, Polkadot,...

Tron ecosystem
The Tron ecosystem has been improved gradually with many components of NFT marketplaces, Oracles(WINkLink) , Defi(JustLend), NFT/Gaming(Blockchain Cuties, ChainZ Arena), Synthetics(Your Future Exchange). However, i would say that Defi is the strength of Tron for farming, lending and borrowing such as JustSwap, Sunswap. There are also many CEXS, whose main token is deployed on Tron to not only connect the fiat with crypto but also take advantages of big ecosystem of Tron. Taking FMC token for example,  FMC is the main token of FMCPAY Exchange, which provides on-demand liquidity solution. FMCPay Exchange charges transaction fees of just 0.04 %, which is much lower compared to Binance with 0.1% and Coinbase with 0.50%. This CEX is holding many airdrops every week, staking events with high APY, and other community events for new users.