With the recent release of development tools and the announcement of Tron Accelerator competition, Tron is moving forward at a rapid pace. Tron is also one of the few cryptos which are maintaining stable price against BTC pair in the bear market.
In a recent interview with CodeXpert, Tom Mao – Tron Foundation executive, who handles technical writing and media division, said that :
‘Tron has solved the scalability issues that were present in Bitcoin and Ethereum. These legacy coins have a proof of work system which gives rise to energy inefficiency and very centralised mining cartels. We have tackled these problems at Tron with very unique proof of stake system where TRX holders have the right to vote for Super Representatives. That helped to democratize and decentralize the ecosystem. It gave power from mining cartels down to basically you and me who can buy TRX and exercise our voting right.’
On being asked whether Tron is an Ethereum killer, he hinted that the reason behind the creation of Tron was to tackle the scalability challenges that legacy coins like Ethereum have run into. And we have tackled these challenges with a unique perspective and an amazing solution.
He added, ’The cost to develop smart contracts on Tron is about half of Ethereum. Also, Tron has transaction speed of 2000 TPS compared to Ethereum’s (10-15) TPS. From a perspective of developers & businesses, I think there’s definitely advantages of Tron over Ethereum. Besides, Ethereum is not very environmentally friendly since it uses a lot of energy to mine blocks.’
He also urged developers to migrate their DApps from Ethereum to Tron and argued that there are many good incentives for developers to migrate from Ethereum to Tron.