Tron [TRX] weekly report: Tron to outperform the Ethereum [ETH] by the end of 2019

The first week of 2019 was remarkable for Tron with various ongoing events and partnerships. Justin Sun, CEO and founder of Tron, recently tweeted the company's weekly report. According to the report, the company has completed the logical optimization of the rigid fork and the development of the event subscription function. Currently, the team is working on the multi-signature portfolio and smart contracts.

Also proposal number 13, presented by Justin Sun, has been approved. The proposal was presented by the founder in order to increase the amount of energy on the network. This approval will lead to a massive expansion of the Tron network with reduced transaction costs. The report also indicated that Tron is trying to detect EOS in terms of the number of DApp launched. In addition to this, Tron also aims to outperform Ethereum in terms of the network ecosystem.

Another proposal was presented by one of the super representatives named TRON-ONE. This proposal should improve the scalability of the ecosystem. Users can now create and name their own tokens with the names of existing tokens. In addition, the smart TRC 10 and TRC 20 contracts will be connected once the duplication of the token name has been approved. Therefore, all Dapp will be able to use TRC10 tokens for circulation.

BitTorrent Inc, which was acquired by Tron in the year 2018, announced the release of a new token called BTT that is compatible with TRC10. The company also said that the token will be available on the Binance Launchpad for non-US customers.

According to the report, a decentralized exchange called TRXMarket exceeded the daily transaction volume of TRX 200 million. Furthermore, TRX has been listed on a global cryptocurrency trading platform called COINBIG.

At the time of writing, Tron [TRX] it is trading at $ 0.023 with a market capitalization of $ 1.5 billion. Previously, the cryptocurrency outperformed Bitcoin SV to reach the ninth position by market capitalization. The cryptocurrency showed a surge of over 25% in the last week. According to CoinMarketCap, the highest trading volume for Tron is seen on Bit-Z for the TRX / BTC trading pair.

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Laira is a full-time writer at AMBCrypto. She is a degree in Computer Science and has about 1 year of writing experience. His enthusiasm and his keen interest in the development of his knowledge on blockchain and cryptocurrency have led her to become part of AMBCrypto. At the moment it has no value in cryptocurrency or in its projects.