TRON (TRX), one of the leading platforms and popular cryptocurrency is all set to undergo a hard fork upgrade on February 28, 2019.
Justin Sun, the founder of the TRON Foundation, announced the scheduled upgrade via Twitter
Justin Sun in an interview with TheStreet on February 13th said that it is not a bad proposition on a long-term that cryptocurrency prices witnessed a downfall from their all-time highs in 2017 and early 2018. He further said that all legit blockchain companies are now primarily focussing on building a viable use case and also educating the market place.
When questioned on whether he thinks that market cap of TRX tokens will exceed Bitcoin market cap, he remarked that the development team doesn’t waste their time speculating over how to supersede Bitcoin. They are rather focussed on developing and executing solutions to real-world problems. Also, their commitment to creating products and services is unparalleled and this will automatically help TRON platform become more valuable.
Justin Sun further elaborated and said that cryptocurrency market urgently required proper regulations. With a proper set of guidelines and support by world’s jurisdictions, the crypto space will easily attract new investors. He also said that regulation brings forth legitimacy and stability in financial markets. This in in turn helps build on consumer trust ensuring them, that they are not being scammed.
TRON’s mainnet was launched in summer of 2018. Also, TRON acquired BitTorrent last year for $140 million. Although BTT token received backlash from the cryptocurrency community, its use case can potentially be useful.
With a large number of dApps being developed on TRON it has overtaken Ethereum in terms of new applications launches on network.