Bitcoin 18 hours ago · 2 min read
Tron Reaches New Heights with Satowallet Amid Industry Skepticism
Cryptocurrency pioneers are beginning to bare their teeth as competition and partnerships set new standards on a daily basis. Justin Sun, founder of the Tron Foundation, faced general criticism from peers shortly after announcing a new deal with Satowallet.
Tron and Satowallet: The Sky’s the Limit
This week, Ethereum co-founder Vitalik Buterin made statements that seemed to articulate the cryptocurrency industry left “no room for growth,” at least compared to the 1,000x growth seen last year. Sun responded with both opposition and ambitious optimism, predicting the digital currency market will succeed two of the world’s most financially (and culturally) powerful entities Amazon and Apple.
In a Tweet, Sun said:
I do believe the entire world wealth will turn into cryptocurrencies like blackhole and grow much bigger in the future. Cryptocurrency will hit 10 trillion USD market cap before @Apple and @amazon do. We will see. Time will tell. #TRON #TRX $TRX
— Justin Sun (@justinsuntron) September 12, 2018
From this perspective, joining forces with Satowallet may be the answer to a variety of problems within the entertainment industry. The official currency of Tron, Tronix (TRX), is en route to achieving its goal as a decentralized medium for entertainment content sharing by investing in blockchain and peer-to-peer technologies.
According to a Medium blog post, the partnership will result in positive changes within the trading community by integrating Trade Tron and Tron Wallet with Sataowallet for Apple, Android and PC products, as well as no transaction fees. Satowallet is already a richly-versatile cryptocurrency conduit with a trading volume of $3 million.
As a trillion-dollar business, Tron’s conscious effort to decentralize the internet’s infrastructure supports the 62 cryptocurrencies already available with Satowallet. The internet, while intangible, is a globally recognized entertainment source established by corporations like Amazon and Apple. Cryptocurrency with the internet is an ouroboros-like entity feeding on itself.
What I *actually* said is that, because large portions of the population have already heard of crypto, further growth of crypto in any sense must come from *depth* (ie. actual usage), and not bringing in more attention
— Vitalik Non-giver of Ether (@VitalikButerin) September 12, 2018
As Buterin said growth is a result of adoption and usage, which his own enterprise is vastly aware of. Much of the success attributed to awareness stems from collaboration. When the “ceiling” is reached, it’s up to infrastructure architects like Sun to break the barrier down in a way that moves the industry forward.
Case in point, Satowallet CEO Samuel Benedict Ogbonna announced on Sept. 7 via a Facebook post that his company processed 1 billion Nairobi (NAIRO) crypto (~$3,450,955 USD) in August.