Ethereum Transactions Are Outnumbered By Tron For The First Time - Tron (TRX) News. Monday, October 22nd
Ethereum transactions are outnumbered by Tron’s for the first time
Thanks to a crypto gambling app
Last week, Tron (TRX) achieved a significant milestone for its network, as the number of transactions on this blockchain protocol surpassed that of Ethereum. Justin Sun, CEO and Founder of Tron, didn’t miss the opportunity to tweet about this breakthrough.
“It is the first time that #TRON has surpassed #Ethereum in daily transaction. #TRX 599354 vs. #ETH 565791 in October 18th. It's just the beginning! $TRX” he commented, while sharing two linear charts to help picture the difference.
For at least three consecutive days, the amount of transactions on the Tron Network outpaced that of Ethereum, a performance that has been celebrated by Sun and the community supporting this blockchain. On the second day, the TRX’s number of transactions was of 630,018 versus 601,119 registered on the ETH platform, to which Sun called out all ETH developers to migrate from that platform to his.
To further boast about Tron’s benefits, a supporter compared the time passed since the launch of both mainnets, as to emphasize how fast the project for a “decentralized Internet” has been growing since. “#TRON surpassing #Ethereum in daily transactions starting to reach the News Fact to remember: #ETH MainNet went live 30 July, 2015 ~ 3 years & 3 months ago #TRX MainNet went live on June 25, 2018 ~ 4 months ago” he said.
A gambling app and smart contracts
The sudden increase in the number of transactions is attributed in part to the movement generated by the launch of a new Tron gambling app. TRONbet – a provably fair gambling application launched in October 13 – has been doing around 180,000 trx a day.
On the other hand, the activation of many smart contracts lately have also contributed to this milestone. According to TRXPLORER.io, on all the transactions registered on October 19, a 77% of them were because of the triggering of smart contracts on the network.
It is worth remembering that October has been a very productive month for the Tron project, with the launch of its major update Odissey 3.1, the activation of Tron Virtual Machine and the release of the tool suite for developing and deploying smart contracts.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Monero's Lead Developer Calls Ethereum: “Idiotic, unscalable idea” - Ethereum (ETH) News
Tron Price Analysis And Prediction: Time To Make The Best Of The Last Two Months Of 2018
Tron’s participation in BitTorrent hackathon sparked interest in blockchain - Tron (TRX) News
Several Dogecoin users are victims of a scammer - Dogecoin News
Neteller To Support Ethereum Classic (ETC) And Other Cryptocurrencies - Ethereum Classic
Localethereum Announced Integration With Popular Ethereum Wallets - Ethereum News
You need to login to create comments.