On January 29, Justin Sun shared via his official Twitter account that in 2023 he has plans to have five countries adopt Tron(TRX) as their legal Tender. This is Tron’s goal of massive adoption on a global scale for the wider acceptance and use of cryptocurrency as a legal Tender.
Decentralization, The Name Of The Game
The (TRX) network is an open-source, distributed ledger that facilitates communication between users and gives them access to various media and gaming options.
The project is primarily concerned with decentralization, as it allows users to send and receive funds easily without banks or other intermediaries.
TRX’s distinct architecture, broken up into three parts (called “layers”), is where the biggest difference can be found. Storage, which uses a distributed block storage, developers use the application to build dApps that distribute tokens, and various modules and smart contracts make up the Core Layer.
A protocol that works across several languages connects all of these layers.
In addition, the network has developed its community, which is nurtured to hasten decentralization on the internet through the deployment of blockchain technology and decentralized applications.
The community joined the Enterprise Ethereum Alliance (EEA) on December 27. The EEA is focused on encouraging best practices using Ethereum blockchain technology, which will allow for real-world applications and procedures.
TRON As Legal Tender; Social Volume Up
TRON’s native token’s metrics have improved, with St. Maarten’s statement proclaiming the acceptance of TRON as legal money.
The increased social traffic surrounding TRX may indicate the currency’s meteoric popularity. More importantly, TRX’s Binance Funding Rate was unusually high, demonstrating a strong interest in the futures market.
Recent market signs point to a significant increase in TRX prices over the next few days, with the cryptocurrency hitting its top in the second quarter of 2023, or as much as $0.0973.
By working together, St. Maarten and TRON have access to a vast and diverse network that can only help the island’s economy.