TRON to Move to Own Blockchain

Own public blockchain of tenth largest cryptocurrency is called Odyssey 2.0
31 May 2018   1545

On May 31, at 12:00 UTC, the beta version of the main Tron network was launched. The tenth largest cryptocurrency ($ 4 billion) is migrating from the Ethereum network to its own public blockchain called Odyssey 2.0. This is reported by CCN.

Before the network starts a full life, developers will be engaged in setting up wallets and browsers.

Our team maintains a high standard of excellence as we head towards becoming a mainstream public blockchain. The move of the TRON Protocol to MainNet makes it easier for developers to break away from Ethereum and opens up new doors towards better scaling, commercialization and express lanes needed for global dApp development.

Justin Sun

Founder, TRON

From June 21 to June 24, users will have to transfer their ERC-20 tokens to the cryptoexchanges  that supports the migration to get an equivalent amount of TRX on the new network. The transition of the tokens will end on June 25 - this date the developers named the "Independence Day". 

Tron has functioned as an ERC-20 token on the Ethereum network, and the TRX token has steadily climbed the top 10 market cap charts.

Steem to Launch New Blockchain Without Justin Sun

The "blockchain for blogers" will migrate to the because of the conflict with new Steemit owner Justin Sun
18 March 2020   293

On Friday, members of the Steem community intend to move to the new blockchain under the project name “Hive,” CoinDesk reported.

The new network will receive information on the balances of all STEEM holders, however, the initial issue of tokens will not be transferred to the Steemit blogging platform. These tokens became available to TRON CEO Justin Sun after he acquired Steemit in mid-February and became the source of a power struggle between him and the wider community.

My own opinion, Justin Sun thought this was a voting war. He didn't understand that the underlying value of those tokens is the community. In the end, if not enough people support those tokens, they become worthless.


Dan Notestein

Blocktrades founder

Other decentralized applications will be able to run smoothly on the new network, since all the data they need will be copied from the initial blockchain. According to Notestein, many developers, with the exception of the hostile Steemit, expressed their willingness to support the initiative.

He expects that after the fork, STEEM will fall in price: now users keep them in the hope of getting tokens of a new network, but will sell it after a snapshot of the blockchain is taken. Notestein himself owns a large stake in STEEM and also plans to get rid of it. He claims that at least one exchange will list a new token. In addition, he intends to open a separate exchange for the Steem community.