From Currency Alternative to Gambling: Tron Coins

The largest changes we experience as a civilization stem from technological revolutions. Technology changes with the passage of times. We can often track and estimate, such as the innovation with each successive model of cell phone. Yet, every so often, an innovation arrives that radically alters the course of human history.

A few hundred years ago that innovation was steam power. Steam drove ships across the Atlantic. It made it possible to build iron hulled ships that would go on to dwarf all but the most advanced wooden counterparts. Steam powered the industrial revolution that saw innovation after innovation rock the world.

Then came the combustion engine. Another game-changer that drove a revolution in travel and energy production. Our cities were able to spread out further as people could travel further. These are the most obvious innovations to our society, but so too has money evolved throughout the ages.

Today we take for granted wonders like checks and debit cards. These were innovations of the last hundred years that were built upon older technologies. Credit cards offered another game changer and before long every retail outlet accepted them. Not all innovation has led to great wonders. Some nations have discovered or rather rediscovered how debasing their currency to lower its value can attract businesses from outside their territory. This gave way to nations competing against each other to dominate in a globalist economy in what are called Currency Wars. The result is the inflation and loss of relative purchasing power we've seen over the last three decades.

Every problem necessitates a solution, and in 2008 after many others had failed, Bitcoin launched the crypto revolution. With inbuilt scarcity and decentralized controls, bitcoin offered the world a truly independent system. Shortly after Litecoin would launch to be the silver to Bitcoin's gold and before we knew it the market was saturated with a plethora of competing currency alternatives.

Some like Ripple carved out their market through replicating the functions previously undertaken by financial establishments. Their coin being more a liquidity tool to drive exchanges between people or institutions.

Ethereum launched, expanding what crypto could do. Their goal was to incorporate contractual functions into their market, allowing people to function as lenders or other banks. With Ethereum 2.0 these functions will soon be expanded as the network is optimized to function faster and more securely.

At least we reach the lead of our article, the Tron coin. With so much innovation already available from established players Tron had to offer something truly spectacular to stand out from the cacophony of other currencies. After all you do not climb to the top of the market by merely imitating what is already available on the market.

Innovate Tron's creators did. With a slogan of "Decentralize the Web" and taking a page out of Ethereum's book, Tron aimed to easily incorporate features that allowed for the easy integration of Tron and its network into other services.

Today Tron features over twenty-three million accounts, over a billion transactions and is considered one of the fastest-growing cryptocurrencies on the internet. This did not occur by accident or coincidence. Tron's developers have been working their way to this goal since the original launch back in 2017 with Exodus. Which was succeeded by Odyssey in 2019 and now the network has launched 4.0 Great Voyage.

Great Voyage presented a few key improvements over the previous iteration of the technology. Of importance is the backward compatibility with previous iterations. Of even greater significance to the network's function is the upgrading of the security protocols to be a hybrid of DPoS and PBFT. Decreasing the amount of time each transaction takes to process from 57 seconds to a mere 3 seconds.

Speed is important with transactions, but an unsung benefit to this upgrade is the increased security. Currently, the network can function at the speed it does while preventing malicious nodes from stealing your cryptocurrency.

Great Voyage also launched with tools allowing financial institutions to swiftly integrate the Tron applications into their system and customize them to their needs. Blockchain technology isn't just changing the financial landscape. It is also changing how files are managed, land ownership, and even how businesses are structured. The twenty-first century will be the century of the blockchain and Tron is positioned to capitalize on the growing demand for accessible blockchain technology.

That's all cool and some exciting innovation, but let's be pragmatic. What does that have to do with you? After all, does it really matter if a new model Ferrari comes out if you are never going to buy it? Without a need, who keeps up on the latest generator designs? What is the practical application of all this to the layman who is either interested in investing or utilizing Tron?

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That answer is not complex. It means Tron is not only secure, but has staying power. Today we haven't known nations collapsing and disappearing from history as they are absorbed by either new regimes, turned into splintered states, or annexed by their neighbors. This is a luxury we have enjoyed for nearly 200 years, but because we have not seen this we do not know what it is like to need to dump a currency because the nation that guarantees it is about to disappear. That is a reality many people had to deal with in the past, and it is a reality that hasn't afflicted crypto yet, but as with all digital currencies is a specter that haunts it.

Having staying power, hell having a plan for the future gives you the security to know you denomination isn't just going to evaporate as you sleep. What benefits are there to using Tron though?

For starters, it is anonymous and offers its own tools to establish a wallet. A person doesn't need to utilize their wallet, but if you just want to get started having the option to do so quickly is convenient. Having an anonymous currency allows you to buy and sell things without your data being harvested or your activities being easily traced back to you by people whose business it otherwise isn't.

Tron, like other cryptocurrencies, are a good store of wealth. As they cannot be printed by a central authority, Tron's value is subject to market whims rather than central authorities' depreciation efforts. Market swings often scare people away from crypto, but your cash in hand experiences the same market shifts in value against one another, but society doesn't recalculate the purchasing power of a dollar daily, so it isn't a concern you see directly.

One can gamble with Tron anonymously and effortlessly. The gambling industry being heavily regulated and supervised is an enjoyable pastime for millions. Once you find a casino that accepts Tron coins you can perform all the same functions you can with cash with Tron.

Getting started is easy. After establishing an account, you get a unique address for the casino's wallet that will be credited to your account. From your wallet you transfer your Tron coins into this wallet. Upon receipt of delivery, which now takes a matter of seconds, you can enjoy betting, slots, cards, or whatever your particular passion is.

As your crypto is not tied to your name, your activities are anonymous. At no point during the entire process is anyone privy to your activities. Once you have concluded your pastime, all you have to do is transfer whatever volume of coins you want to, back into your wallet. Brokerages can convert them back into cash, but there are also platforms that do so as well.

There are three methods to start your crypto journey. The first is to purchase it directly from an exchange. Several prominent exchanges exist and your preference will boil down to a combination of region, reliability, and available offerings. Exchanges can be easily found through any search engine, but it is important to note most of these only accept crypto for crypto.

Your second option is to go through a platform that allows you to exchange crypto for fiat, aka regular money. This allows for a continued level of anonymity as you are often buying from other users with the platform taking a small percentage as a processing fee.

If you are not concerned with absolute anonymity, you can purchase crypto directly through a broker like Coinbase. Brokers offer a few advantages over the other two. Transactions can be instantaneous. If you need to dump your position during a high to rebuy during a low, you can with brokers. Brokerage accounts can also function as secure wallets as they often require two-stage authentication to gain access to your account.

Some brokers offer special deals or functions platforms and markets do not have. Coinbase for instance allows you to let them hold your Ethereum as part of the proof of stake function, and in exchange you are given a 7% return on your investment. A yield that is greater than most high yield savings accounts.

Even without the economic uncertainty, we face in the future, crypto will continue to grow in popularity and acceptance. As states roll out their own cryptocurrency, there will come a time when fiat may be entirely phased out or left as a relic used only by a decreasing number of people.

Micah Soto

Update 22 March 2021