TRON Blockchain Goes Live

| Publish date: 06/26/2018
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TRON’s Independence Day arrived as the world’s 11th most valuable cryptocurrency’s Blockchain went live on Monday, June 25. TRX, with a market capitalization of $2.7 billion, has finally activated its mainnet after a month-long migration from the Ethereum network to its own independent Blockchain.

Not a Complete Independence Day

June 25 was to be TRON’s Independence Day – a day that was to mark the crypto’s launch of its mainnet as well as departure from the Ethereum network. However, the TRON Foundation has only managed to achieve one goal – going live with its mainnet. The migration from the Ethereum network still continues.

According to the founder of TRON, Justin Sun, the last of the users’ TRON TRX tokens were being migrated to its own mainnet. The idea was to complete the migration by Independence Day so that TRX holders could vote for the 27 block validators on Tuesday, June 26.

Now, Sun stated, it would take another couple of days to complete the transition.

Super Representative Elections           

Despite the delay in the completion of the migration, Sun said that they planned to go ahead with the block validator elections. Block validators, called Super Representatives, compete with each other to produce the blocks that are a part of TRON’s proof-of-stake (PoS) system. Sun said that each Super Representative has to get at least 100 million votes to get elected; each TRX token counts as one vote.

Sun said that now the elections would stretch probably over a period of several days so that all uses can get their mainnet tokens and participate in the voting process. During the same live stream, representatives of the project also clarified that token holders could complete and monitor the voting process using the Tron Scan feature on the mainnet.

The conclusion of the election is being touted as the ultimate phase of an independent Tron, which is when governance of the Blockchain will be handed over to the community.

Concerns about Plagiarism

TRX developers have claimed that this launch is the first step in bringing down bigger competitors such as Ethereum and EOS. However, the launch of its mainnet has not had much of an impact in the market.

This is probably because the launch of the TRON mainnet also coincided with reports about the project’s blockchain. Blockchain researchers claim that there are several instances of the TRX codebase being plagiarized from other blockchains, including Ethereum.

One of the researchers who caught the plagiarism, stated that TRON is the “Frankenstein of Crypto”. How these allegations pan out and what impact they have on the newest Blockchain in the crypto world remains to be seem.

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