Cryptocurrencies seem to be on everybody’s lips nowadays, probably none more so than Bitcoin, the first and most valuable cryptocurrency to date. Be that as it may, as a crypto enthusiasts there are still a lot of other reasons to be excited as there are a plethora of other very interesting projects and coins out there.
Among the top 10 cryptocurrencies in the world, two projects managed to stand out mostly due to their unique potential for solving real-life problems: Tron (TRX) and Cardano (ADA). Both projects are led by people who can be arguably called real visionaries, and both have nothing short than exciting philosophies. Currently, Cardano ranks 9th on CoinMarketCap, while TRON is a bit lower on the 11th position.
Below, we will try to establish which one has the bigger chances of becoming the next big cryptocurrency.
Even though it hasn’t been on the market for long, Cardano displayed an immense growth during the last couple of months. It was created in 2016 by Charles Hoskinson, the co-founder of both Ethereum and Ethereum Classic. Not only that, but the team behind the project is comprised out of industry professionals from all over the world.
Cardano is a fully open source and decentralized blockchain and cryptocurrency project that has very high expectations. Its main goal is to develop a smart contract platform seeking to deliver more advanced features than any other platform of this type. It’s also worth noting that Cardano is the first blockchain project to have a scientific philosophy at its core.
One of the most important features of Cardano is the fact that it allows its users to add extra information and details to each transaction. Cardano does so by keeping the transaction and the information on separate layers (Settlement Layer and Control Layer), deciding to fill the details if and when it is relevant or necessary.
The governance system is also quite praiseworthy. Any upgrades or modifications on the network can be proposed in the library where all ADA holders can vote for or against their implementation. The project also boasts one of the most user-friendly wallets out there dubbed Daedalus.
Tron is a decentralized entertainment and content-sharing platform which uses both peer-to-peer (P2P) and blockchain technology. The project is the brainchild of Justin Sun, one of the most prominent and legendary figures in the cryptosphere.
The project’s main goal is to create a decentralized ecosystem where the content creator receives all the profit he or she has earned without relying on giant e-corporates. In short, it intends to create a worldwide free content entertainment ecosystem. If it succeeds, it means that nobody can get control over what can be or can’t be published. According to Tron philosophy, there is no need for companies such as YouTube, Facebook, Twitter, and Instagram, and empowering content creators of all kind to communicate directly to their audience.
Just like in the case of Cardano, TRON is also backed by what many might call a “dream team.” Every member of the team is highly qualified in their field of work. One of the key advantages of Tron is how much it encourages communication with its community for development purposes, ensuring a high level of transparency.
Another aspect worth considering is the fact that Tron’s target market is huge. There’s a very good chance that, if Tron picks up speed in its adoption rate, most of the people on earth will use it in a couple of years’ time. Tron may also lead to a much-needed decentralization of the gaming industry.
The main goal of any project, besides solving real-life problems, is ensuring an adoption level and enough coverage in order to secure a place at the top of the blockchain sphere. Both projects have managed this one way or another. Another thing to consider is the partnerships a company makes. This is another area where both projects have noteworthy results.
When it comes to adoption, TRON is arguably ahead as it is present on more than 100 markets compared to Cardano which only has 30 active markets. This also means that when it comes to chances to evolve and to push adoption even further, TRON is arguably going to have a lot more to gain than Cardano over the following period. However, in the end, both projects are revolutionary in their own particular way, and there’s really no saying who will win this “heated battle.”