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EOS, Tron [TRX] emerge as clear winners in the battle of dApps; Ethereum [ETH] suffers

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EOS, Tron [TRX] emerge as clear winners in the battle of dApps; Ethereum [ETH] suffers
Source: Pixabay

Despite the continued gloomy market, mass adoption of dApps [Decentralised Applications] has not taken a back seat. Ethereum [ETH] transactions for Decentralised Apps [dApps] accounted for over $7.6 billion, according to the latest statistics. Most of these come from DEX [Decentralised Exchange], however, adoption of dApps on Ethereum’s platform has been crushed by an increase in dApps in the platform of EOS, followed by Tron.

Out of the total number of 1,423 Dapps created by the end of 2018, Ethereum accounted for 1,045, followed by EOS with 235 and Tron with 97. About 40% of the transaction volume of dApps was created by DEX [Decentralised Exchange]. Categorically, Gambling witnessed a mass adoption in all three digital asset’s forum. The transaction volume of the three major digital currencies comes to about $13 billion.

dApps on the EOS platform first garnered attention during mid-2018 and has been embraced widely ever since. The adoption rocketed in November and gradually declined till January, maintaining its position at the top. EOS accounted for a total of 55% of the total transaction on the network in USD. Gambling soared, encompassing a whopping 66%, while games stood at 10% and other exchanges at 24%. Major players in EOS platform were PRA Candy Box with 8.9k users [other], ENBank – 5.8k users [other], EOS Knights – 5.8k users [games], and BIG GAME – 2.9k users [gambling] recorded in the past 24 hours.

Following the trail is Tron [TRX] which managed to swipe 38% of the on-chain USD. The key player trending on Tron’s platform is Epic Games, from the games section, followed by PLAY GOC – 4.1k users, Crazy Dogs Live – 3.6k users, ALLBET – 3.2k users [all in gambling category], among others.



Of the total transacted volume of $5.5 billion, around 70% of the transactions were steered towards gambling dApps. For Tron, it does not end here. The coin’s increase in valuation, coupled with Tron’s acquisition of BitTorrent and faster transactional speed than its rivals, has chalked up the asset’s steady rise in the otherwise bear market.

Ethereum dApps have slushed in the recent poll in the adoption of dApps on its platform, accounting only for a 6% of the total transaction in USD volume. Gambling on the platform constituted 47%, while gaming tucked in 28% and other exchanges at 25%. The main players in the network are IDEX – 773 users [decentralized exchange], FCK [betting], FORKDELTA – 654 users [decentralized exchange], among others. A mere 3% of the total transactional volume of ETH is spiraled towards the dApps.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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