• St. Maarten has expressed interest in adopting TRON as legal tender.
• TRON’s architecture is dispersed into three layers: the Storage Layer, the Application Layer, and the Core Layer.
• Decentralization is the focus of the TRON project which facilitates the smooth transfer of money between users.
On January 24, Justin Sun, TRON Founder, announced that the Caribbean country of St. Maarten has expressed interest in adopting TRON as a legal tender. This news marks a major milestone for the TRON project, which has been pushing for a worldwide adoption of its blockchain technology.
TRON is a decentralized, open-source blockchain network that allows users to connect with each other and access a variety of entertainment applications, such as graphics, videos, and games. As a result, the transfer of money between users is facilitated without the need for financial companies or middlemen.
The TRON architecture is dispersed into three layers: the Storage Layer, the Application Layer, and the Core Layer. The Storage Layer has a distributed block storage and the Application Layer is mobilized by developers to create dApps that are used for issuing tokens. The Core Layer consists of various modules and smart contracts.
The TRX price is expected to peak by Q2 of 2023, potentially shooting up to $0.0973. This news of St. Maarten’s interest in adopting TRON as a legal tender is encouraging, as it is a step towards the project’s goal of massive adoption on a global scale.
All in all, the news of St. Maarten’s adoption of TRON is a positive development for the project, as it signifies one more country on the list of those who are embracing the blockchain technology. With this adoption, the TRX price could potentially rise to new heights in the near future.