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Tron [TRX] DApp Weekly report: Justin Sun’s cryptocurrency lays down claims that Tron is better than Ethereum and EOS

Akash Anand



Tron [TRX] DApp Weekly report: Justin Sun's cryptocurrency lays down the claims that Tron is better than Ethereum and EOS
Source: Pixabay

Tron [TRX] has captured multiple headlines in the cryptoverse due to its partnerships and tie-ups with major stablecoins like Tether. Another major factor in Tron’s pump has been its rampant DApp development mainly targeted at beating its competition like Ethereum [ETH] and EOS.

In the latest DApp Weekly report released by Tron, the company stated that Tron’s DApp trading volume stood at the top among all public chains. The report focused on the reason why the Tron public chain can beat ETH and EOS. Tron claimed that it had a lower entry bar for users as compared to EOS. This included the registration process, or the extension wallet experience, which according to Tron has “been made more user-friendly”. The report added:

“Both development cost and user fee on Tron are low. Low development cost is needless to say. Developers need to freeze tokens to get the resources needed for app development and the cost on Tron is much lower than that on EOS. In the meantime, Tron offers free bandwidth and energy to users, and the resources are renewed each day. Comparatively speaking, Tron’s user fee is significantly lower as well.”

Tron’s DApp UX report also added:

“The first DApp to introduce this week is Tronshot, a basketball shooting game on Tron. Moving on, the team will upgrade Tronshot to a 3D 2.0 version. Apart from providing, the 3D experience , features like PvP interactions and props will also be added.”

The Foundation’s efforts to battle Ethereum and EOS was made evident again when the report stated that the Tron’s 2.17 million accounts, were 3 times more than that of EOS. The DAU of Tron DApps remains at 60,000 which is 5 times more than Ethereum’s.

The Justin Sun led company considers partnerships as a key component in its development and went on to speak about its team-up with Coincodex and the launch of a Tron-dedicated section on its homepage, which includes the TRX.Market, Tron ICO and Tron DApp.

Tron and Justin Sun’s direct attacks on Ethereum and in turn its co-founder Vitalik Buterin received another twist when Buterin claimed that he will lose a certain amount of hope for humanity if Tron overtook Ethereum.

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Bitcoin’s [BTC] security is 100 times more than that of Bitcoin Cash’s [BCH], says Litecoin creator





Bitcoin's [BTC] security is more than a 100 times than that of Bitcoin Cash [BCH], says Litecoin creator
Source: Unsplash

Charlie Lee, Creator of Litecoin [LTC] and Managing Director of Litecoin Foundation, spoke about projects that allocate mining rewards to developers, in an interview with Laura Shin for Unchained Podcast. He also opined about whether Litecoin’s vision still remained the same or not.

On projects that allocate a percentage of the block reward to developers, Lee stated that it was “okay” as long as the project developers were transparent on this subject, adding that in some cases, this was “needed”. He further stated that it was hard to find developers for Litecoin since, there were not enough funds to pay these developers.

[…] we work on raising money and using money to pay for developers but unlike ICOs or other projects we just don’t have millions sitting from selling our ICO tokens to fund these developers. So, yeah I think projects that do that it’s kind of needed […]”

However, Lee stated that for cryptocurrencies such as Bitcoin and Litecoin that really want to become decentralized money, there cannot be any centralized actions like using mining rewards to pay developers.

This was followed by Lee speaking about Litecoin’s vision and the coin’s use case. On this, Lee stated that the current vision was still “very similar” to the old one, seeing Litecoin as a complement to Bitcoin. He added that Litecoin’s raison d’être was not to replace Bitcoin, unlike some other coins that claim to be the better version of Bitcoin.

“[…] I think it’s trade-off. So, a lot of people don’t talk about the trade-offs people talk about how they have fees are cheaper […] people in support of Bitcoin Cash constantly talk about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin but, you get what you pay for right […]”

He further added that Bitcoin’s “security was more than hundred times” that of Bitcoin Cash, irrespective of the hash rate being more or not. Lee remarked that one cannot “attack Bitcoin,” whereas Bitcoin Cash could be “eas[ily] be attacked,” adding that this factor was very important and also the reason for cheaper fees.

“[…] same for Litecoin alright. Litecoin is cheaper and the security is less than Bitcoin […] so people who actually move lots of money they would want to use Bitcoin and I think that’s fine like Litecoin can compliment Bitcoin perfectly fine […]”

Lee stated that this was the reason he agreed with Lightning Network, arguing that it was good for both Bitcoin and Litecoin. He stated that Lightning not only helps them scale, but also enables cross-chain atomic swaps, allowing people to swap two different coins instantly and easily in a decentralized manner.

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