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The Best Decentralized Applications (DAAPS) on the Tron Blockchain

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dapps on the tron network are popular thanks to their gambling venture

As you probably know, Dapps, or decentralized applications, are a part of the Smart Contracts ecosystem. Dapps aren’t much deviant from general applications on the Internet today, differing only in their ability to act autonomously.

In late 2017, the Tron Project was built as a protocol for creating and executing real-world smart contracts, rivaling the spearhead of the time – Ethereum. It is commendable to note that to compete with the biggest platform for smart Contracts – Ethereum, Tron initially made its debut on the Ethereum Blockchain. It used Ethereum to initially help with the token sale of the native TRX tokens while they got busy setting up the Tron Main Net.

In 2019, Tron shifted from Ethereum’s network to launch its network. Around the same time, the platform released its native virtual machine to make it easier for developers to implement their solutions on Tron’s network. In addition, the network does not necessitate programmers to learn a new programming language, as it supports one of the most popular programming languages worldwide, Java.

What Are the Main Advantages and Trade-offs of Tron?

As economists will always tell you, every advantage has a trade-off that has to be carefully evaluated and implemented. This applies in the blockchain world, too, as protocol economics is assessed at its core. Advantages and trade-offs vary from the applicability of a project to its intended audience. For instance, if a blockchain is promised to be highly scalable, then Vitalik Buterin’s “Scalability Trilemma” would lead to decreased security and increased centralization. Therefore, the cogs and screws of the protocol must be adjusted to perform the intended functions and minimize the threats of failure.

Tron, too, is not invincible to the effects of protocol economics. However, with the list of promises that Tron’s management has made, it is evident that there will be repercussions and trade-offs that offset the advantages.

  • Advantage: Low Transaction Fee
  • Drawback: Risk of network clogging
  • Advantage: Highly Scalable
  • Drawback: Risk of Centralization
  • Advantage: Buzzing Developer Community
  • Drawback: Single point of failure

Best Dapps on Tron

Tron network aims to use blockchain technology and decentralize the web, enabling content creators not to be compulsorily related to centralized companies to offer their creations. Over the years, it has ensured that all its acquisitions and start-up products align with this idea.

1. BitTorrent

The news broke in mid-2018 that Justin Sun of Tron had finalized a deal to acquire BitTorrent Inc., the biggest file-sharing platform on the Internet. Since then, BitTorrent has seen immense changes in its model, going from “free for all” to “for-profit,” getting a native token – BTT, a merger with DLive, and many others. According to Justin Sun, CEO of Tron, BitTorrent File Sharing (BTFS) is one of the world’s most extensive decentralized protocols and will make censorship a thing of the past. Deleting information from the Internet will be almost impossible once it reaches the BTFS.

BitTorrent is easily the most used Dapp on Tron and any blockchain. With BTT’s advent, BitTorrent has become a center for communal conversation, content sharing, and creativity.

2. DLive

As of early 2020, DLive is the largest streaming platform on a blockchain. In essence, DLive is a YouTube-style content-sharing platform built with the help of the Tron Blockchain. Its main idea is to leverage blockchain technology to eliminate centralized control and censorship by letting users control their content.

With its native currency, DLive also remunerates its users based on audience perception. Initially, DLive was built on the Steep blockchain, but since Tron acquired BitTorrent and Steem, DLive has been coupled with BitTorrent to open the gates to 100 million-plus users. DLive will also use BitTorrent’s new service for file storage, known as the BitTorrent Filesharing System (BTFS).

3. WINk

Quickly the most prominent application explicitly built on the Tron Blockchain, WINk is a gambling and betting platform that leverages blockchain to connect interested parties worldwide and provide a seamless and secure experience.

Initially established as Tronbet, WINk has become the dapp with the highest transaction volume on the Tron Blockchain by a considerable margin. This speaks for the interest users have shown in the platform. WINk features traditional gambling games such as Poker, Slots and a place to bet on sporting and e-sporting events. 

4. RocketGame

An all-in-one portal for smart contract-based games, RocketGame is the most successful dapp on the Tron blockchain as of May 2020. It is a one-stop shop for all games, from gambling to adventure to card-based. As per the dapp data aggregator DappRadar, RocketGame averages about 16,000 truncations daily, behind only the Gambling games leader WINk. Some of the most played games featured on RocketGame include Baccarat, Lottery, Virtual Slot Machines, and Olympian Gods.

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To separate themselves from other gambling dapps, RocketGame also allows users to participate in the application’s internal development and governance. As a result, users can use the Tron they have to stake, earn dividends, complete tasks, and many other unique features.

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Sudarshan M is a long-time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to the blockchain by doing his Masters and eventually pursuing his Ph.D. in the subject.

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