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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

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Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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Altcoins

STEEMIT Running Out Of STEAM?

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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees like…

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Altcoins

The Three Biggest Problems with Crypto

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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?

However, before we can answer questions like these, we need to step back and do an honest appraisal of where our industry stands and what is really holding it back. Despite its growing popularity, cryptocurrency still struggles to gain mainstream appeal. While crypto has managed to distance itself from the early days, when it was used to buy illegal goods online, the currency still conjures up negative feelings for a lot of people unfamiliar with the technology — and all too often, for good reasons.

Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.

We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:

Scammers

Failed projects

Immature technology

Who hasn’t been scammed at least once?

The crypto community is overrun with scammers taking advantage of inexperienced and naive users. What’s more, scams don’t only occur on an individual level.…

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