TRON Blockchain Features and Benefits

Shiftal Coin is a TRC-20 token created on the TRON blockchain and intended to be used as the native coin for the Shiftal peer-to-peer cryptocurrency exchange. In this article, we discuss the various benefits of TRON blockchain for Shiftal investors and users,

What is TRON and why is Shiftal coin using TRON?

TRON is a blockchain that was created as a decentralized platform for creators to be rewarded more and fairly for their efforts. For one, the TRON blockchain provides a middleman-free platform for content creators and users/viewers to connect and interact directly with each other. This ensures that creators get paid fairly for their efforts.

The TRON blockchain uses TRX, which is a digital currency with the ability to make low-cost and fast global payments, to ensure timely and transparent payments to content creators.

Though TRON was originally invented for creating and sharing media content, including photos, videos, images, content, etc., it eventually evolved to become a decentralized platform for creating a wide range of decentralized applications (DApps). Besides as a digital currency for payments, TRX can be used to gain access to the various features of the blockchain platform.

What is TRC-20?

TRC-20 is a technical standard for creating new tokens and smart contracts on the TRON blockchain. The TRC20 standard defines a set of rules that all tokens based on this standard must necessarily follow. TRC20 uses the TRON Virtual Machine (TVM) for implementing tokens that are fully compatible with ERC-20 yet have better features and efficiency.

The TRC-20 standard allows faster execution of transactions on its network at a fee that is comparatively lower than ERC-20 and other token standards. TRC-20 tokens, in general, are more efficient in terms of cost and transaction speed. And they are seamlessly compatible with Ethereum.

Why Shiftal Coin is based on TRON (TRON blockchain benefits)

Fast & low-cost payments

Being a TRC-20 token, SFL can be used for payments within the ecosystem. The main use of the Shiftal coin is for the payment of fees for trading and platform charges on the Shiftal exchange. Payments with SFL are free of any charges, and the network can process up to 2,000 transactions per second.

Shiftal coin for rewards

Since the TRON blockchain was primarily created with the aim to fairly reward content creators for their efforts, Shiftal coin has the built-in feature to be used to reward traders on the Shiftal platform. SFL is also enabled to reward holders who choose to lock their tokens in the contract.

Shiftal coin as real money

Thanks to TRC-20, SFL acts as a digital currency for the store and exchange of value. Theoretically, you can use the Shiftal coin to buy things, including other compatible cryptocurrencies.

Scalability

TRON is an ever-growing blockchain network created for scaling, which means the Shiftal coin can easily adapt to the future needs and potential of the Shiftal exchange.

Cross-chain compatibility

Since the TRON network is compatible with Ethereum, all TRC-20 tokens, including the Shiftal Coin, can seamlessly interact with ERC-20 tokens and many other blockchains. This means, trading SFL is easy and feasible on a number of exchange platforms.

Shiftal coin IEO is live now. Shiftcal coin can be purchased with Bitcoin, ETH, USDT and other options available on the website. For the private sale phase 2, the Shiftal coin price has been revised to INR 8 per SFL coin. Shiftal coin private sale phase 2 is scheduled from 15th September to 31st October. Now is the best time to buy the Shiftal coin in the Phase 2 sale at the lowest price. Find out more or join at https://www.shiftalcoin.com/