Seedit TRON (TRX) Payment System Aims For Faster and More Secure Transactions
Tron has only been in the limelight for cryptocurrency for a short time, but it is obvious that the impact being made on the crypto community is substantial. In a recent effort to continue with their high-quality customer treatment, they added Seddit to their platform on August 9th.
Seedit, a payment system for cryptocurrency, will help to improve the speed and security of the payments made on this database. It will use the Application Programming Interfaces and the functionality that Tron is already known for. The big appeal for Seddit is the blockchain technology that Tron provides.
To help reduce the amount of traffic and backup on the network, Tron primarily stores information in digital libraries, which has made them less prone to glitches and bugs. The company has already gone through two phases of their development plan, and the integration of Seddit pushes along the third.
In the first phase, Tron called the plan Exodus, which involved all of the projects and designs that established the platform in the first place. The second phase, Odyssey, involved an upgrade to the framework that made it possible to include a payment system like Seddit to run on it. The new phase coming up will be called the Great Voyage, which is much bigger in scale than the other stages, as it gives more control to the individuals who create their own content.
— Justin Sun (@justinsuntron) August 9, 2018
The Seedit payment system is meant for consumers to send a plethora of different tokens to other users, but through social media websites like Reddit, Telegram, and Kakau. By using this mutual place to perform transactions, the environment feels more welcoming and user-friendly. Plus, the company has gone to great lengths to establish the right level of functionality and offers an automatically generated wallet.
The biggest priority for this platform is the security of user’s information and funds. The new wallets are compatible with existing digital wallets on other platforms, so users can easily transfer from the auto-wallet to their personal wallet instead, if necessary. However, while using the auto-wallet, they have access to:
- Providing support to content creators on the website
- Supporting new initial coin offerings (ICOs)
- Make payments in compatible restaurants.
One cryptocurrency supporter on Twitter, Crypto Duck, commented on the progress, saying,
“This is great work guys and you dev’d and went live so fast. I’m looking forward to using it. Who needs a Lightning Network when you have a fast and free network to begin with, right? #TRON #TRX”
Recent statistics shared by Justin Sun show that the Tron Foundation is quickly moving up the ladder to success. Recently, he posted that Tron will soon pass Ethereum in their daily transactions, based on their 128,438 transactions on August 6th. Ethereum was traded 636,342 times, but Sun reminded consumers that Tron’s time on the market is significantly shorter so far, which should give a good indication of how far it can rise.