A few days ago, TRON Foundation’s CEO Justin Sun made headlines about comparing Ethereum and TRON to the two leading smartphone platforms that have been dominating the market for years.
He made valid points about his tweet and at the end of the day, TRON would be getting more of the market share compared to Ethereum.
After a few days, we have ETH on TRON.
— Justin Sun🌞 (@justinsuntron) November 22, 2020
What is ETH on TRON?
ETHTRON (Ethereum on TRON) is a TRC20 token based on TRON which injects the Ethereum’s value into the TRON network and recently reached 10,000 in circulation.
(1/2)🎉The circulation of #ETH on #TRON(#ETHTRON) reached 10,000.#ETHTRON is a TRC20 token based on TRON which injects #Ethereum’s value to the TRON network. Its advantages lie in reliability& efficiency. Easy conversion of Ethereum into TRC20 assets with guaranteed acceptance. pic.twitter.com/Y0A9UP2LjI
— Justin Sun🌞 (@justinsuntron) November 23, 2020
The ETHTRON token has its key advantages such as reliability and efficiency. Plus it’s powered by the TRON network which means low trading fees and super-fast transactions.
Compared to Ethereum, which has high gas fees and slow transaction speeds, TRON listened to the community and ensure that this TRC20 token would be better than ETH and addressed those concerns.
At the moment, we are still waiting for the official news and more details from TRON Foundation. Definitely, this is something to look forward to in the next few days.
What is TRON Foundation?
TRON is a blockchain-based decentralized platform that was founded by Justin Sun. TRON aims to create a free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content.
— TRON Foundation (@Tronfoundation) September 3, 2020
TRON is dedicated to building the infrastructure for a truly decentralized Internet.
TRON Foundation continues to get better, bigger, and have been dominating the cryptocurrency industry this year. From their SUN mining project to their successful BTCTRON launch and now, ETH on TRON would be another exciting project from TRON to engaged at.
For more news and updates, see Tron Spark.