Tron (TRX) Discontinuation of #ERC20 on Official Web. Trembles Ethereum
It is no news that Tron (TRX) MainNet was launched on the 31st of May, with the development greeted resulting in the blockchain community basking in euphoria.
In the wake of the information, the Tron team doubled their joy by announcing that they will fully discontinue ERC20 services for Tron Office Website owing to the fact that Tron MainNet will become officially independent on June 25, 2018 Singapore time.
In this regard, ERC20 deposit services for Tron Office Website will come to an end on June 6, 2018 12:00, and ERC20 withdrawal services for Tron Office Website will be halted on June 22, 2018 12:00 Singapore time.
A statement by the Tron team advised that those who are unable to withdraw funds in time should connect with Tron token support to tender a request for withdrawal, insisting that the support service will be available until December 31, 2018.
“For the security of your funds, please confirm the remaining balance on your ERC20 Tron Office Website balance and withdraw funds into an exchange that supports TRX migration, where you will be able to convert to mainnet tokens,” the statement concluded.
As the announcement generated praises and condemnations, it became necessary for analysts to discuss what the future holds for Ethereum and Tron at the same time because some platforms are leaving the Ethereum community to launch their mainNet, among them are Tron (TRX), EOS (EOS), Zilliqa (ZIL), VeChain (VEN) and Cardano (ADA).
One of Ethereum World News analysts, who weighed in on the issue insinuated that Ethereum has a tough time ahead with several mainNet platforms going live.
Tron and other cryptocurrency launching their mainNets will give Ethereum more tough competitions considering the fact that they are alternative platforms for developers wanting to create dApps.
While it is no joke that Tron mainNet has many unbeatable advantages over Ethereum, one of them is that it uses user-friendly Java programming languages purposely for scaling the platform.
The discontinuation of ERC20 on Tron official website and the unveiling of several mainNets continue to tremble Ethereum community. When things are fully in shape, these mainNets are going to be tough competitors for Ethereum. At the moment, it is a tremble for the blockchain network.