What is Tron and what is Tether

 

Tether




USDT is a type of cryptocurrency whose price does not changes, it is pegged to the dollar which means that 1 USDT is aiso $1. Due to the stability of the price of this token, it is suitable for storing value over time, thus providing stability of one investments and savings while also leveraging on the decentralization of cryptocurrencies.

Tether converts cash into digital currency, to anchor or tether the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.

The token peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value
to the number of USDT in circulations.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary  with the stable
value of the US dollar.

Founder of Tether


USDT formerly called Realcoin was launched in 2014 by Pierce, Reeve Collins and Craig Sellars.

In the year 2014, Pierce became the director of the Bitcoin Foundation, a non-profit organization established to help improve and prote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.

Reeve Collins was the CEO of Tether for the first two years of its existence.Craig Sellars has been a member of the Omni Foundation for over six years. Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of \
Bitcoin’s blockchain.

What Makes Tether Unique


USDT unique feature is the fact that its value is pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves,
thus ensuring that USDT is fully backed by cash and cash equivalents.

The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the
other hand, is protected from these fluctuations.

This feature makes USDT a safe haven for crypto investors. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continent
 via blockchain  without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

Milestones of Tether


July - October 2014- originally announced as Realcoin by Brock Pierce, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT.

January 2015- USDT trading enabled on Bitfinex and other cryptoexchanged adopted it too.

27th November 2018- Direct Customer (non-exchange) fiat redemption enabled.

4th March 2019- USDT tokens supported on TRON.

29th July 2019- USDT token supported on Liquid Network.

How Is Tether Network Secured


USDT does not have its own blockchain instead, it operates as a second-layer token on top of other cryptocurrencies blockchains like Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin
Cash and OMG, and is secured by their respective hashing algorithms.

Tron


Inroduction

Tron is a blockchain built to foster decentralization just as the Ethereum Blockchain. At it's core, tron is a very smart contract platform. Specifically, it is built to be like Ethereum Virtual Machine (EVM) compatible, meaning it has a turing complete virtual machine capabilities.

Where as Bitcoin can handle up to six transactions per seconds and Ethereum up to 25, tron claim that its network has capacity for 2,000 transactions per second.

Tron is also popular in the aspect of Dapp building  (DP) because of it’s transaction speed and low transaction charge. It has received quite a significant proportion of attention in the
DeFi world.

 Founder of Tron

Basically tron was founded in the year 2017 by the tron foundation which is Justin Sun, CEO of the tron foundation first began his cryptocurrency journey in the year 2012 working for coin called Ripple in its early days.

In year 2017, he worked on improving the scalability problem blockchain was having in China. They began to see some progress in the blockchain industry to create free transaction.

Justin Sun believed that having an instant, almost zero transaction fee was important for the mass adoption of crypto payments. Since it's inception in 2017, the rate of tron transactions has increased by a hundred percent. Justin Sun believes that this is due to the solution of speed and low transaction cost tron gives its users that is using it .

What Makes Tron so Unique


One of the remarkable things that marks tron out of competition is that there is no transaction fees for TRX, which is quite a remarkable feat. Another feat worthy of note is that the
network is able to support 2000 transactions every second.

Also, holding and staking TRX gives users the chance to participate in the super representatives’ selection process. The platform ability to reward content creators for their work while retaining full ownership of their projects, is an extremely valuable concept.

Milestone

Tron was launched after a successful ICO which raised over $70 million in September 2017.

One of tron’s biggest acquisitions was the file sharing service BitTorrent back in 2018.

How Is Tron Network Secured


Tron uses a consensus mechanism that is known as delegated proof-of-stake . This is different from Bitcoin which uses the Proof of Work algorithm. New tron tokens are created as
block rewards for elected Super representatives.


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