TRON project update: TRX's native network continues to expand as the project's atlas moves into the future
Tron is a project that has constantly kept its fundamental promises. Not only does it boast of having one of the fastest growing blockchain ecosystems in the world, the TRX network it also has a highly innovative dApp environment that is more scalable than many of its competitors today.
Currently considered the 13th largest cryptocurrency in the world by total market capitalization, the Tron network is now approaching a total of 400,000 client accounts, which compared to the total Ethereum accounts 93 days after its launch on the mainnet, is almost 13 times the number.
Furthermore, via a live update from the Tron Foundation, the organization also revealed a number of other fascinating statistics on its network such as:
- The Tron Project has collected 20% more users than EOS within the first 90 days of their respective mainnet.
- The maximum number of TRX transactions of a day's transaction volume is 49 times that of Ethereum over the same period of time.
- The average daily volume of transactions for Tron is 29 times higher than that of Ethereum.
In other news, the Tron Foundation he recently completed his move to burn more TRX tokens in order to make his native platform more functional from a functional point of view. This last fire event was the fifth commitment of the company and saw the foundation eliminate a total of 4,917,487,036,059613 (4.9 billion) old ERC20 tokens. This effectively brings the total amount of burnt tokens of the company to around 98 billion marks.
Since the launch of the Tron Virtual Machine (TVM) last month, many experts now believe that a myriad of developers, programmers will now be further incentivized to switch to the TRX network to develop their dApps. At the time of writing this article, Tron's official website shows a total of 12 unique apps that are at different stages of their overall development.
After the questions concerning Scalability of Ethereum they were once again called on the front line, Afri Schoedon he released a tweet that said the ETH ecosystem was working at full capacity and would soon be saturated.
Echoing his feelings, Tron's founder, Justin Sun, issued a statement saying:
Concludes another Coin Burn event
"TVM is pioneering, promises to be a Gamechanger"
"Stop using the Ether network," says ETH developer Afro Schoedon
"Please stop distributing d-apps on Ethereum and immediately migrate to the #TRON network! We are 100 times faster than #ETH and are fully compatible with #ethereum.We guarantee 100% better user experience!"
Last but not least, Project Atlas also seems to move forward the right way. For beginners, it seems that TRX has been successfully integrated into BitTorrent. Not only that, thanks to an official press release on PRS newswire, the Tron Foundation has even announced its future plans for the Atlas project:
"In the initial phase of Project Atlas, BitTorrent peers will be able to spend tokens to incentivize users on faster networks to sow torrents for longer periods, which will result in better swarm longevity and greater throughput. download: BitTorrent seeder will be able to earn tokens by dedicating more bandwidth and storage space to ensure swarms are faster and live longer.For users worried about mining, TRON (TRX) uses a delegated Proof of Stake system, meaning that participating users will exchange tokens based on the resources provided, not on mining. "
The future looks good to Tron and if the company continues to keep its promises as it has been in the last two months, it would not be surprising to see TRX enter the list of the top 10 altcoins by total market capitalization in the near future.