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Tron (TRX) daily transactions surged 58% in Oct, will Nov be the same?

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The era of Tron (TRX) alike value-adding cryptocurrencies makes it is easy for the borderless settlements of funds and value. However, as more advanced digital assets are created, we see increased use cases of smart-contracts, Dapps, etc., which makes it possible for the platforms to handle the high volume of transactions.

In October, Tron successfully surpassed Ethreum’s daily transactions, and its monthly transaction growth was a whopping 58% while Ethereum improved by only 3% concerning daily transactions. It is a major achievement for the cryptocurrency given that its Mainnet was launched a few months ago. TRX Colony tweeted yesterday,

It is essential to note that the launch of the Dapps on its network are the key reasons why Tron’s avg daily transactions have reached the level that they are at today. Subsequently, the recent increase in the average daily transactions of Tron has been attributed to Tronbet, and blockchain firm’s numerous partnerships – it teamed-up with Baidu not too long ago.

In the middle of this month, the Tron Foundation had tweeted,

Ever since Tronbet was launched, it has attracted more people and has made Tron clock more than 500,000 transactions in a single day. Three days after the launch, it surpassed Ethereum’s average number of transactions.

Typically, the increased number of the average transactions showcases success on any blockchain network. The more the number of transactions, the better the platform is assumed to progress. With that in mind, if a blockchain network starts showing downtimes due to the increased number of transaction it has, then it shows the blockchain is inept.

Before now, other blockchain networks like Bitcoin and Ethereum have faced lots of criticisms due to the lack of ability to process a bigger number of transactions. Yes, even though BTC and ETH are developing other schemes to bail their network and services, investors are looking for more scalable models of blockchain networks, and Tron seems to be a part of those models.

Tron’s average number of transactions in the month of October was up to 75 percent than that of Ethereum’s, and it can handle more than 2000 transactions per seconds. The ability to process a massive number of transactions per seconds makes Tron a favorite to Dapps developers worldwide.

Tron Has More Dapps Coming Up

More Dapps are coming up on Tron’s network as it is part of its aim to have a decentralized internet. Tron has seen the movement of Dapps from Ethereum to its blockchain system, due to the reputable scalability.

Not too long ago, the first game on its network that got launched on its network reached 300 million TRX payouts. Moreover, a gaming platform called Bitguild has stated that its latest game will be created on Tron’s network very soon.

Nevertheless, if Tron continues to scale-up the average number of transactions on its network, we might see a repetition of the achievement in November.

TRX Market At The Moment

At the time of writing, the price of TRX stands at $0.02294 with a market capitalization of $1.5 billion. The cryptocurrency looks green with a decent surge of 2.24% in the last 24 hours.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of MabelAmber/Pixabay

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

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UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to…

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How Online Casinos Can Adapt to the Growth of Cryptocurrency

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The growth of cryptocurrency is difficult to ignore and industries are having to adapt in order to facilitate all of the people who want to buy goods and services with crypto coins. Multiple coins are on the rise, helping cryptocurrency’s star rise. Bitcoin’s price is back above $4,000 and it is joined by other coins like Ethereum, which makes use of the Ether blockchain.

But accepting cryptocurrency – or appealing to crypto users – isn’t as easy as just tailoring your marketing strategy. Other steps need to be taken and we’ve detailed a handful of these below.

Increased Safety and Security Measures

Online casinos are already very good at ensuring that customers and their data (including personal information and payment details) are kept secure. Some of the existing online safety measures employed by online casinos include HTTPS and SSL, which means that any information passed between you and the online casino will be encrypted and difficult for malicious agents to gain access to. Leading casinos are also certified by…

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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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