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TRX Q3 2019: Justin Sun’s canceled Warren Buffett lunch did its price no favors

DATE POSTED:November 8, 2019

Budding network TRON (TRX) pitches itself as Ethereum‘s rival, with its smart contracts, dapps, and soon-to-be developed decentralized finance (DeFi) products. That’s where the similarities between the two projects cease. TRX doesn’t have any miners, as it doesn’t leverage Proof-of-Work. Instead, TRX is powered by a relatively centralized consensus algorithm that consists of just 27 validators, referred to as “Super Representatives.” In this sense, it’s really akin to niche ‘blockchain’ EOS, as participants literally delegate responsibility to a small group of trusted third parties to maintain the network. Just like EOS, most TRX activity relates to gambling. Still, TRX has…

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