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Tron (TRX) reaches the third part of Ethereum’s transactions

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Tron’s main net continues to harvest success with the results of the blockchain platform. In fact, it was recently known that the platform is now having a third part of the transactions that get deployed on Ethereum’s network every day, the blockchain behind the second largest cryptocurrency of the market.

In terms of a greater adoption, such growth represents a huge opportunity for the current 13th best crypto of the market, a fact that as it seems, just doesn’t mean the same for the proponents of the Ethereum “World Supercomputer”, who now are starting to hesitate regarding the strength of the Ethereum platform.

It has been a roller coaster for Tron to get to this point, but slowly the platform has managed to obtain some of the most remarkable results in the industry. In fact, it opened the second month of operation with 30,000 transactions, and the same way, it has closed with a daily average of 206,000 transactions deployed on a daily basis, which means that TRON’s platform has an incredible growth rate.

The numbers came in a calculation made by Tron Colony, a TRX bull dedicated community to share information related to the coin. The message was publicized on Twitter by both TRON Colony and the CEO of the TRON, Justin Sun. The message read:

“$TRX started Aug. with only 30,100 transactions a day. By the end of the month the avg. # of daily transactions was NEARLY 1/3 that of $ETH. #TRON is the fastest growing coin, this rocket ain’t stopping for anyone 🚀”

With relation to the growth, despite the beliefs of many, this is actually not a random fact considering that just a couple of days ago, on September 1st, TRON managed to have 440,135 operations, which represent a 67 percent of what Ethereum does… so we can all be sure that the crypto is going for blood.

Ethereum or TRON?

This disjunction has existed ever since TRON was created (perhaps because of the hype that Tron founder Justin SUN created from the beginning). In fact, the essence of the coin is to be the exterminator of Ethereum, but still, there’s a lot of work to do in order to make this happen.

For his part Justin Sun, who has characterized for being a close figure to his community, has taken charge of publicizing each and every one of the new developments that TRON does, a fact that in most of the time causes a generalized tension between TRON’s community and those who defend Ethereum tooth and nails.

It results undeniable that TRON has a long way to go through in order to catch the 42 million accounts that Ethereum has, and if we compare that to the current 294,900 accounts that TRON has accomplished to have, it just looks like a small number. However, one of the things that have characterized the brain behind TRON is the confidence regarding its blockchain capabilities.

In relation to this, TRON CEO recently published a message on his Twitter that read:

“#TRON [#TRX] network better than #Bitcoin [#BTC] and #Ethereum [#ETH] in terms of decentralization”.

But he didn’t actually stop there as he later made an even more forceful declaration when he stated that because of the recent acquisition of BitTorrent, TRON was simply the best peer-to-peer asset of the industry… He said:

“TRON is 80 times faster than Ethereum. With 14 years of experience, @BitTorrent is providing a world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world! #TRONBT $TRX”

Conclusion

Although it’s more than clear that TRON still has a lot of work to do in order to accomplish its mission. There’s not a doubt that the crypto is getting closer every day, and this definitely represents a huge opportunity for the crypto to climb higher in the charts and reclaim its spot in the top 10 of the market one more time.

Justin Sun may not be wrong after all, he may appear as a greedy leader, but we can all agree that is precisely because of these thought patterns that TRON has been able to grow in such magnificent measure. So the way to go TRON, we all wait for you to get to the moon.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Anton Chernyavskiy on Unsplash

Bitcoin

Bitcoin about to drop to 4k, how will the market recover?

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It’s no secret that the cryptocurrency market (including Bitcoin) has been under a bearish run since last December 17th and it’s been going down steadily over the previous eleven months. But nobody was ready for the way in which the bears hit the market this November 14th.

It was just insane. The market capitalization for crypto went to its lowest point in a very short time. Bitcoin, which is crypto’s canary in a coal mine (so to speak) dropped below the 5k mark. It’s trading at $4,443 as we write this article and is expected to hit the 4k mark if things keep going in the same direction.

Can the trend change? Is there any good news to report? Any reason to be hopeful? The answers are: yes, yes, and yes.

The trend can and will change. We know this because drops as dramatic as the current one have already happened four times over the last ten years. Every time the market has bounced back to reach previously unexpected (allegedly impossible) heights.

About good news to report. There’s plenty. Blockchain projects like Ripple, Cardano, Stellar Lumens, Tron, and some others have reached impressive milestones this year. They are gaining adoption, becoming useful in the real world and securing strategic partnerships.

Also, even in the bearish climate, the crypto infrastructure has kept snowballing so you’ll be hard pressed to find any place in the world in which you…

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Blogs

Ripple’s XRP finds it tough to halter the incessant crypto market crash

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Many in the crypto community will remember November 15 as one of the worst single-day correction thus far this year (XRP got a minimal shock that time too). After last week fall, Bitcoin price found support at about $5,500 and now it has fallen by 15.16% over the previous 24 hours to stand below $4,523 (the lowest since October 2017).

Several other cryptocurrencies have dived with Ripple’s XRP being an exception (the least loser). In fact, XRP has already overtaken Ethereum again (been the case for a couple of days now) to take up the second position as the largest crypto by market cap.

Even though the whole market is in a severe bloodbath and each of the cryptocurrency is facing double-digit losses, XRP is still fighting hard with the bears. Perhaps, that sounds interesting. What next for XRP? Is it time for Ripple’s XRP to take the top spot?

Ripple’s XRP, the least loser; will it take on Bitcoin?

XRP is trading on the somewhat positive side (at least psychologically) as compared to the rest of the cryptocurrencies. For the past month, it has grown steadily, and at the time of writing, it has displaced ETH from second largest crypto by market capitalization already. Currently, XRP trades at around $0.454 which is still on the red but compared to an initial of $0.49, the native token of Ripple is doing positively.

Relating to 17th November last year, the…

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Altcoins

What’s Wrong with Crypto?

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Sponsored by Global Coin Report and ICOsuccess

Hey! Are you fed up with the crypto market?

Hungry to see the charts bursting with green again?

The purpose of this very short survey is to get your thoughts on what is holding back our industry and collectively brainstorm ideas for turning it around.

We are looking to get a couple thousand responses over the next couple of weeks, and we’ll be sharing the aggregated results with you once we’re done!

Click below to do your share in bringing back a thriving crypto market!

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