If you follow news in the cryptocurrency industry, it’s hard to avoid the Tron Foundation. Headed up by Justin Sun, their ambitious Internet 4.0 project aims to completely replace the traditional internet protocol with their decentralized system. Their list of partnerships grows by the week, and soon those partners will have access to a blockchain test network. This is the first step in Tron’s ‘Exodus’ phase, the first of a series of announced phases that will lead to Tron’s complete roll out.
Once partners have the ability to commence development, we will see an aggressive push to be first to market on the Tron blockchain. Full functionality is still some distance away, but even demos will create a needed proof of concept. Sun has stated recently that their full main net release will be sooner than expected, meaning that Tron can move into their ‘Odyssey’ phase of content creation recruitment.
What the Test Net Means for Investors
The absolute first and foremost benefit that the test net provides is in the form of validation. Investors will have a product to point to, and a series of public successes to build their platform around. As of right now, Tron’s only public asset is the temporary TRX token – something they have leveraged quite well. The ERC-20 standard token is already used as the fundamental currency of the TRX Dogs web game, and is eagerly traded by investors on several exchanges.
However, the test net also provides a place for developers to experiment with blockchain-based decentralized applications. These dApps are the long term goal for most blockchain projects, removing the need for centralized server farms. Instead, the computational processes are spread throughout the chain for a more efficient process. When the main net is released later this spring, there will already be a slew of dApps available to run on it.
How Tron’s Community Helps Them Succeed
There are three major components to Tron’s success. The first is, of course, Justin Sun’s tireless efforts towards expanding their brand. His charisma and work ethic have helped bring Tron to where it is today. The second component is the technology that they intend to bring to market. If they can succeed at creating a completely decentralized environment for media and dApps, they will be one of the first to market with it.
Finally, Tron’s community support is essential. Fans and investors are committed to the project, and gleefully help the Tron Foundation spread the word about their product. They are quick to help dispel damaging rumors and provide a welcoming forum to new investors that are just entering the game. This type of public good will is important for a coin that is trying to take over a large market share – and Tron is well on their way to just that.
Article By: Adam Stone
