TRON Split: A Comprehensive Guide to the Hard Fork and Its Impact25

On July 4, 2018, a hard fork occurred on the TRON blockchain. This hard fork resulted in the creation of two new coins: TRX and New TRON (NTRX). TRX is the native coin of the original TRON blockchain, while NTRX is a new coin created by the Tron Foundation, the organization that oversees the development of TRON.

The TRON split was a controversial event, and there is still much debate about its merits. Some people believe that the split was necessary to improve the scalability and security of the TRON blockchain. Others believe that the split was a power grab by the Tron Foundation. Regardless of the reasons for the split, it is important for investors to understand its potential impact.

What Caused the TRON Split?

There are several reasons why the TRON split occurred. One reason is that the TRON blockchain was becoming increasingly congested. This congestion was caused by the increasing popularity of TRON dApps, which are decentralized applications that run on the TRON blockchain. The congestion was making it difficult for dApps to run smoothly, and it was also causing transaction fees to increase.

Another reason for the TRON split is that the Tron Foundation was unhappy with the governance of the TRON blockchain. The Tron Foundation believed that the blockchain was too centralized, and that it was controlled by a small number of individuals. The Tron Foundation also believed that the TRON blockchain needed to be more scalable and secure.

What are the Differences Between TRX and NTRX?

TRX and NTRX are two different coins, and they have different features. TRX is the native coin of the original TRON blockchain, while NTRX is a new coin created by the Tron Foundation. NTRX has a number of advantages over TRX, including:
NTRX is more scalable than TRX. NTRX uses a new consensus mechanism called the Delegated Proof of Stake (DPoS) consensus mechanism, which is more efficient than the Proof of Work (PoW) consensus mechanism used by TRX.
NTRX is more secure than TRX. NTRX uses a new encryption algorithm called the ECDSA encryption algorithm, which is more secure than the SHA-256 encryption algorithm used by TRX.
NTRX is more decentralized than TRX. NTRX uses a new governance model called the Super Representative (SR) governance model, which is more decentralized than the Representative (RP) governance model used by TRX.

What is the Future of TRX and NTRX?

The future of TRX and NTRX is uncertain. TRX is the native coin of the original TRON blockchain, and it has a strong community behind it. However, NTRX has a number of advantages over TRX, including its scalability, security, and decentralization. It is possible that NTRX will become the more popular coin in the long run.

The TRON split is a significant event in the history of cryptocurrency. It remains to be seen what the long-term impact of the split will be, but it is clear that the split has created two new coins with different features and different futures.

2024-12-24

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