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Tron [TRX] ecosystem takes another step towards expansion; network account more than 400,000

Priya

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Tron [TRX] ecosystem takes another step towards expansion; network account more than 400,000
Source: Unsplash


Tron [TRX], one of the leading cryptocurrencies in the market, marked another milestone towards its way to ‘Decentralize the Internet’. The network’s account has crossed the 400,000 mark on 26th September 2018.

Tron network data | Source: Tron Scan

Tron network data | Source: Tron Scan

This comes in the limelight days after Tron network account surpassed EOS’s network accounts by crossing the 300,000 mark. Justin Sun, the Founder and CEO of Tron Foundation also tweeted about Tron [TRX] surpassing EOS. He said:

#TRON MainNet accounts have surpassed #EOS. 12:00pm, September 4, 2018, according to trxplorer.io and eosflare.io, #TRON MainNet: 301604 V.S. #EOS: 299743. The #TRON Network continues to thrive and gains more recognition 71 days post #TRON MainNet launch.”

Currently, EOS has around 333,970 network account. This means that Tron has 69,149 more network accounts in comparision to EOS. Moreover, during the Tron Virtual Machine Launch, Justin Sun stated that Tron’s network account would surpass EOS network account by the end of September 2018 i.e, end of Q3.

Along with the increase in the network account, Tron has seen a significant increase in its daily transactions since the MainNet launch. Tron’s daily transactions reached its peak at the beginning of the month, i.e, September 1. The total transactions on that day were 440,135. The second highest transaction on the network is noted to be in the month of August with over 416,497.

Misha Lederman, a believer in Tron [TRX] said:

“… 100,000 accounts added to the $TRX #Blockchain in just 3 weeks Only beginning of our journey to decentralize the web”

The Foundation launched the Tron Virtual Machine [TVM] on 30th August 2018. During the launch, the Foundation claimed that TVM was going to surpass the Ethereum Virtual Machine [EVM]. The TVM is completely compatible with the EVM and is 1000x faster than Ethereum. In addition, the TVM will have its own unique memory and a distinctive resources manager. The Virtual Machine is also going to have a user-friendly energy consumption model.

Recently, Justin Sun had asked developers to stop deploying dApps on the Ethereum network and shift to the Tron network. This was because of the Ethereum network had reached to its full capacity.

According to CoinMarketCap, at press time, Tron [TRX] was trading $0.021 with a market cap of $1.39 billion. The coin ranked on the 13th position has seen a significant growth of more than 8% in the past 7 days.





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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