Tron is a leading blockchain decentralization company that has done pretty well in the year 2018 despite the challenges faced by the cryptocurrency industry. The CEO of the company Justin Sun has worked really hard to bring the Tron asset TRX to one of the top 10 in market capitalization with innovations, partnership and several other actions, the accumulation of which made it strong enough to beat Ethereum in daily transaction volume.
This article will shine light on some of the key achievements that the company has in the year 2018 that have brought the token this far in the market. The major achievements are:
- Launch of Tron Virtual Machine (TVM)
One of the most groundbreaking achievements of Tron as a company is the launch of TVM. This is a technology that made a lot of things possible for Tron that were not there prior to the launch. TVM Is responsible for building of dapps on the tron network which enabled the company to build dapps such as its gaming dapp Tronbet, which is highly responsible for TRX’s popularity and increase in transaction volume. Smart contracts were also enabled on the Tron blockchain and as at October 18, Tron had deployed well over 90 smart contracts on its blockchain. TVM indeed is responsible for Tron’s ability to compete with Ethereum in terms of Dapps and Justin Sun said Tron’s goal is to surpass Ethereum in the industry.
2. Tronwallet launch
Another landmark achievement of Tron was the launch of its Tronwallet, an open source peer-to-peer wallet in June 2018. The Tronwallet App was later launched in August 2018 for both Android and iOS mobile devices. This launch made TRX to officially leave the Ethereum blockchain it used initially for transactions with the ERC20 token.
3. Listing on Changelly instant Exchange
Tron officially got listed for USD in July 2018. This listing enabled users to buy TRX using their USD credit cards, giving them access to “fast, secure, and stable TRX storage, purchase, and transfer services.” This listing was a major milestone in Tron’s journey because it was a great boost to Tron’s global liquidity and the popularity of changelly was definite to make Tron popular as well.
4. Listing on Bitbox
Following the listing on Changelly, Tron got listed on Bitbox, Line’s official exchange in August 2018. The news of the listing earned TRX a price surge of 13% even prior to the launch which showed that more was coming as a result of the listing. Tron’s achievement today cannot be mentioned without recognising the impact of its listing on Bitbox.
5. Acquisition of Bittorrent
Another important decision that Tron made was the decision to acquire Bittorrent. By this acquisition, Tron became more successful with its vision of a decentralized peer-to-peer sharing of entertainment. Bittorrent was already a peer-to-peer sharing platform with over 100 million users before Tron bought at for way over $100 million. With such a platform in Tron’s hands, who can deny that it has made a lot of progress in peer-to-peer sharing of entertainment?
6. Launch of Tron Mainnet
Tron gained its “independence” from Ethereum on June 25 2018. This was marked by the launch of its Mainnet, Odyssey 2.0. This day also marked the start of competition with Ethereum in dapps creation since the Tron blockchain start functioning fully and independently.
7. Addition of TRX to Atomic Wallet
TRX got added to Atomic Wallet on 30 July 2018. This gave users with different operating systems such as Mac, Windows, Ubuntu, Fedora, and Debian access to TRX, thereby expanding its customer base. Tron CEO Justin Sun said this was a great achievement that will reduce the amount of work on their side in managing crypto assets and it will make the asset more “transparent and reliable.”
8. Launch of Project Atlas
Tron has also launched Project Atlas, a step that was taken to build the bridge between peer-to-peer network and blockchain technology. This was targeted mainly at removing the need for middlemen in content sharing between content creators and end users, making it easier and cheaper to create and share content.
9. Launch of TronLink
Tron has also launched TronLink as one of its latest achievements. With TronLink, users can easily access the Tron blockchain via their Chrome and Firefox internet browsers on their internet enabled devices. This was another step towards bring blockchain technology closer to users in line with Justin Sun’s goals.
10. Launch of Payment Platform Poppy
Last but not the least, Tron has also within 2018 launched a new payment dapp called Poppy that will allow stores across the globe to accept TRX as payment for goods and services. The platform runs on Clover which is commonly used to facilitate payment in stores with Visa and Mastercard credit or debit cards. This certainly has contributed to the acceptance and adoption of Tron for different uses globally.
It is clear that Tron is on its way to the top in the fourth quarter of 2018 and beyond and this would not have been possible without the achievements listed in this article and many more that were not mention. If the company continues to build dApps that make life easier for users, there is no limit to what it can achieve.