TRON (TRX), the tenth largest cryptocurrency by market capitalization, will begin trading on Indonesia’s largest cryptocurrency exchange on ...
TRON (TRX), the tenth largest cryptocurrency by market capitalization, will begin trading on Indonesia’s largest cryptocurrency exchange on June 4. The project’s founder, Justin Sun, has also made the claim that TRON is able to produce Transactions Per Second (TPS) speeds of 2000 TPS.
Entering Indonesia
Tron (TRX), a “global broadcast platform” which claims to be one of the largest blockchain-based operating systems in the world, will be listed on Indonesia’s largest cryptocurrency exchange, Indodax. The TRX/rupiah trading pair will be available from today, June 4.
According to Finance Magnates, Indodax has stated (in translation):
Tron was chosen because this token is in the top 50 of CoinMarketCap, so it doesn’t need to go through a community coin voting process. This is consistent with our mission to always add quality digital assets at Indodax.com.
#TRON $TRX #TRX will be available to trade with $Rupiah at @IndodaxOfficial, deposit starts from June 4th 2018 at 8:00 WIB, trading starts from June 5th 2018 at 15:00 WIB. pic.twitter.com/YXdHZsB8mo
— Justin Sun (@justinsuntron) June 3, 2018
Indodax, created in 2013, was originally known as Bitcoin Indonesia before changing its name last month. As noted by Finance Magnates, the exchange processes roughly $20 million in cryptocurrency trading per day — with some expecting the cryptocurrency exchange to overtake Indonesia’s primary stock exchange in terms of users this year.
The Republic of Indonesia is home to more than 261 million people and thus represents a rather massive market for TRON. However, the use of cryptocurrency is banned in the country — though trading and mining are reportedly still legal.
Superior to Ethereum?
On May 31, TRON launched its Mainnet during a live stream, which — according to the company — was broadcast to millions of viewers around the world.
During the live stream, TRON’s founder, Justin Sun, took the opportunity to boast about his platform’s supposed advantages over Ethereum. As noted by an official blog post:
TRON development worked 12-hour days, 6 days a week to complete the mainnet process in only three months, compared to the 30 months it took Ethereum. Along with finishing the mainnet launch in a much shorter timeline, TRON was able to produce Transactions Per Second (TPS) speeds of 2000 TPS, compared to Ethereums 25 TPS.
This is not the first time Sun has boasted of his project’s supposed superiority over Ethereum. TRON’s founder once took to Twitter in order to list reasons why his project is better than the second-largest cryptocurrency by market capitalization. The tweet infamously resulted in Ethereum co-founder Vitalik Buterin sarcastically responding with an eighth reason: “Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content).”
8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content)
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 6, 2018
At the time of this writing, Tron is currently trading at $0.060259, down 2.49 percent over the last 24 hours.
What do you think about Tron’s new listing on Indonesia’s largest cryptocurrency exchange? Do you think Tron is better than Ethereum? Let us know in the comments below!
Images courtesy of Bitcoinist archives, Twitter/@justinsuntron, Twitter/@VitalikButerin.
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