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Justin Sun compares Tron [TRX] to Ethereum [ETH], says it is “80 times faster”

Simran Alphonso



Justin Sun compares Tron [TRX] to Ethereum [ETH], says its "80 times faster"
Source: Pixabay

Tron’s vision of being a P2P entertainment platform is on the run, with its latest acquisition of BitTorrent and several updates. On 26th July, Justin Sun the Co-Founder of Tron compared Tron’s network to Ethereum and called it “80 times faster”.

Justin Sun tweeted:

“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”

The acquisition rumors were circulating for months among the Tron enthusiasts. In early July, Cheddar released a video, wherein, BitTorrent’s Co-Founder announced to sell it for $140 million to TRON Foundation. However, this acquisition was not affirmed by the Tron Foundation or its Founder. On 23rd July, Tron finally confirmed the announcement and declared Tron to be the “largest decentralized Internet ecosystem in the world”.

Crypto Runner, a Twitter user said:

“Sun is doing big things for the company. Pretty interesting to see how it’s unfolding.”

The BitTorrent procurement has accelerated TRON’s “All-In Decentralization” ideology as both share a similar vision for a decentralized web. Tron believes that BitTorrent will turn to have a new life by emerging into Tron’s ecosystem, and that “TRON will continue with BitTorrent’s protocol legacy”.

One of the most common protocols for transferring large files is BitTorrent. The protocol allows the transferring of large number of digital videos, TV shows, video clips as well as audios. BitTorrent has been in the entertainment market for above a decade and as recorded in 2004, was responsible for 25% of the traffic on the internet.

To send or receive files, a person uses BitTorrent on their internet-connected compatible device. BitTorrent trackers provide a list of files available for transfer and allows its clients to find peer users known as seeds, who further transfer the files. BitTorrent allows its users to download various files available without the interference of a third party, plus offers basic services free to all its users.

All of these facilities are now in the hands of Tron Foundation as the crypto-company is now integrated with BitTorrent. The Tron community expressed to be “proud” as they officially announced the acquisition of “BitTorrent and all BitTorrent products.” This indicates that uTorrent, BitTorrent/uTorrent Pro, BitTorrent news, BitTorrent Sync, BitTorrent bundle and more now belongs to Tron.

In December 2017, Justin Sun on Twitter, said: “TPS at #TRON will be 1500.” He further stated, “We will solve this traffic jam and make an amazing platform for everyone”.

To which a crypto-enthusiast replied:

“Wow! How are you going to reach 1500 TPS? Ripple and IOTA claim 1000 TPS, QTUM is 70 now, ETH about 15 and Bitcoin just under 7 TPS.”

Considering Ethereum’s current TPS [Transaction per second] is 15, and Tron claims to be 80 times faster, the TPS of Tron reaches to 1200.

In May, Ethereum developers released a planned improvement to Ethereum’s network. This plan is to develop a new version of the code of Casper. This was initiated in order to eradicate mining-related problems from Ethereums network. The ultimate goal of this upgrade is to move the network from a PoW [Proof-of-Work] to a PoS [Proof-of-Stake] system.

As of now, no comments have been passed by Ethereum’s team or Vitalik Buterin, the Founder of Ethereum regarding Tron being 80 times faster than Ethereum.

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Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla



Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.

The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.

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