For anyone considering investing in Tron, here’s a review of the Tron scam.

For anyone considering investing in
Tron, here’s a review of the Tron scam.

TRON has had one of the most outspoken followings in the crypto market since its
inception in 2017. This coin took advantage of the community's support as well as its
unique technical features to become one of the top ten cryptocurrencies in terms of
market capitalization. Even more impressive is TRON's achievement of this aim in less
than two years.

Then what changes so drastically, that Tron became to be known as the Tron scam? Let
us learn it here below.

What is Tron?

Another name for Tron is TRX, which is a decentralized blockchain. With its Tron
protocol, it aspires to be the most well-known blockchain system on the planet. TRX is
working to develop a global entertainment practice using designated storage
technologies for online content. It enables the free and easy transfer of digital files.

Their protocol aims to cover and expand high availability, scalability, and compute to
execute smart contracts-based decentralized apps. Furthermore, the Tron protocol is
administered by nodes all over the world and does not rely on mining. As a result, it's
more suited to dapps that require a quick payment system, such as games.

TRX has already issued a large number of tokens on its network and has begun trading
on decentralized exchanges. Tron also purchased BitTorrent in 2018, which is known as
one of the most important P2P file-sharing protocols.

To realize the massive undertaking that TRON's developers are doing, it's necessary to
have a basic understanding of the decentralized internet. In several essential ways, the
decentralized internet varies from the internet you're used to. There are no hosting
businesses, for the most part. Instead, individual users control the entire internet.

The idea of a decentralized web seemed unachievable until recently. The world's
processing power was not yet up to pace. The transparency nature of blockchain
networks, on the other hand, makes them suitable for such a task. This is precisely the
kind of role TRON aspires to play.

The TRON controversy

TRON, like every other big cryptocurrency project, has been dogged by controversy.
One major source of concern for the project is that many of its protocols appear to be
derived from other platforms.

TRON, for example, uses numerous IPFS and Filecoin protocols (Bitswap, PoRep, and
PoSt), but failed to cite them as citations in its whitepaper. Because of this lack of
context, several members of the community have spoken out against the project.

Justin Sun, CEO of Tron responded to the claims of fabrication by claiming that the
misunderstanding stemmed from poor translations. He explained that the whitepaper
translators le out crucial facts included in the document's original Chinese edition.
Others in the neighborhood, however, disputed his allegation, pointing to problems in
the Chinese version too.

Is Tron a scam?

Even though many people believe Tron is a fraud, there are also plenty of people that
believe it isn't. Notwithstanding the suspicions, the Tron network and its growing

community have been doing well. It also demonstrates that it is a safe and reliable
source for investors. Their genuineness is also backed up by evidence. It is more
trustworthy than the vast majority of blockchains.

Just Foundation was convicted of whitelisting a "Defi project" and, as a result,
perpetuating a 2 million dollar TRX token exit fraud on the whole Tron (TRX)
community. It all started on the Tron subreddit i.e. r/Tronix, where a report claimed that
the foundation was working on a token whitelist for its Uniswap clone, JustSwap, to
prevent fraudulent projects and tokens.

As Just Foundation justified a legal transaction, many members of the community were
overwhelmed with fury and disgust. The misunderstanding only grew from there, as the
company's stockholders held opposing perspectives.

Summary

Even though it is impossible to label Tron as a scam, given its achievements and
impressive track record, it has been more transparent than any other cryptocurrency on
the market, and many interested parties were full of rage and disdain as Just Foundation
justified a legal transaction. The misunderstanding only grew from there, as the
company's stockholders held opposing perspectives.