Tron (TRX) Vs Cardano (ADA): Clash Of The Promising Cryptocurrency Projects
Virtual currencies are gaining popularity by the day, two of these being TRON (TRX) and Cardano (ADA). These two altcoins have been dominating the news headlines and playing a major role in the crypto world. Currently, TRON ranks 12th while Cardano ranks 9th in the CoinMarketCap.
Many individuals and organizations are using cryptocurrencies as an investment asset. Hence, it is vital to be in the know of their various attributes and features so as to pick the best alternatives to investments.
Here we will discuss the main features of TRON and Cardano as virtual assets and their potential for continuous growth in the crypto market.
For those new to TRON, it is a decentralized entertainment and content-sharing platform which utilizes blockchain and peer-to-peer (P2P) technology. It was founded by Justin Sun (CEO) and its official cryptocurrency is Tronix (TRX). Its mission is to create a worldwide free content entertainment ecosystem enabling the content creator to receive all the profit they have earned without having to go through giant corporates such as Google.
This year TRON has had many successes including launching the TestNet on 31 March 2018 followed by the MainNet on 31 May 2018 and it purchased BitTorrent, which has become a significant pillar of Tron’s new Project Atlas. TRON held its first Super Representatives (SR) election on June 26, 2018.
It also went ahead with its token migration which ended on June 25, where Tron’s coins migrated to Tron’s blockchain platform separating from Ethereum’s network. This led to the TRON MainNet becoming fully independent from the Ethereum blockchain. The Beta version of the Tron Virtual Machine was successfully launched on 30 July 2018 and just recently they launched it for the public.
From this, TRON is truly going all in for the win and the cryptocurrency has undoubted potential to grow.
Cardano was began in 2015 by businessman Charles Hoskinson who was formerly Ethereum’s (ETH) and Ethereum Classic’s (ETC) co-founder. It is a fully open source decentralized public blockchain and cryptocurrency project developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy.
It was developed by a large global team of expert engineers and researchers who have an extensive background in the crypto domain. Its MainNet becomes fully operational soon and it expects to get global recognition and adoption as a blockchain company.
Both currencies seem promising to invest in as they target to introduce real-life solutions to problems and are both developed by experts who aim to deliver their best to the crypto market.