Many blockchain projects out there compete with each other, instead of cooperating. This is usually driven by the need to become the top project, and head to the moon, faster than the rest. While this may sound logical, it is not the best approach for a space as young as blockchain technology. Cryptocurrencies are still young, and the market is to a large extent still in the experimental phase. As such, it makes sense for projects to cooperate and help uplift each other, for the good of the market. That’s why a recent tweet by Charles Hoskinson’s about Tron (TRX) is a very positive step towards the growth of crypto space. Charles’s tweet read as follows.
To this tweet, Justin Sun the founder of Tron (TRX) replied as follows,
This is a perfect example of how blockchain projects can cooperate, and improve on each other. Through this twitter exchange, investors can expect two things that are very beneficial to both projects.
First, Tron will most likely move to Mantis, which as Charles puts it is more secure. Achieving a higher level of security and efficiency would lead to more adoption, thereby growing the value of Tron (TRX). Tron (TRX) would also come across as a flexible blockchain, one that is willing to adapt to new changes in the market, as it aims for long-term perfection.
As for Cardano (ADA) this move by Charles puts Cardano at a very good position in the crypto market. One of the implications is that Cardano will now be perceived as a superior crypto, one that is built on solid tech. That’s because for Charles to identify and advice on the vulnerabilities of other blockchains, it means that the blockchain he is leading is rock solid, especially in terms of security. This is likely to drive up the number of partners looking to use the Cardano blockchain. Corporations and other players looking to adopt blockchain technology value security, especially after several cryptos have been compromised in the past. In essence, Charles’s move has made it clear that Cardano is one blockchain that is ready for adoption.
Cardano is also likely to gain from Charles’s gesture in that there it is likely to attract Tron (TRX) investors into its fold. Tron (TRX) has one of the vibrant communities in crypto, and positive vibes for Cardano from this community is a plus, and could see volumes surge. An increase in volumes is great for the long-term growth of Cardano (ADA), and the crypto market in general.
For an investor in any of these cryptos, these tweets are a pointer to a good future ahead. The two projects are working on changing the world as we know it. Tron (TRX) just launched its main net, and is aiming to create a decentralized internet. On its part, Cardano (ADA) looks set to create an unrivaled platform blockchain, one with a use case across all industries. Its roadmap points to a future where it could monopolize the Dapps market in a few years. It’s time to stock up on both.