Connect with us


Tron [TRX] has 20% more number of total accounts that EOS, says Justin Sun

Priyamvada Singh



Tron [TRX] has 20% more number of total accounts that EOS, says Justin Sun
Source: Pixabay

Earlier this week, the Tron Foundation released a video on its official YouTube channel that conveyed all the recent updates and developments in the TRX ecosystem. In a community gathering, the Founder of Tron, Justin Sun spoke about the achievements of Tron in terms of the number of transactions and adoption and drew several comparisons with other big cryptocurrencies.

Sun mentioned that the total number of accounts of Tron is 13 times higher than that of Ethereum [ETH], the 2nd largest cryptocurrency in the world. According to CoinMarketCap, TRX sits at the 13th position in the cryptocurrency rankings currently.

Next, he stated that the peak number of single day transaction volume is 49 times higher than that of Ethereum in the same period. More so, the average daily transaction volume is 29 times higher than that of Ethereum in the same period.

The Founder also compared Tron and EOS, stating that his coin’s total number of accounts is 20% more than that of EOS.

Later in the video, Sun gave the updates in the upcoming days. As per Sun, 8th October will see an update of all the SRs [Super Representatives] to a newer version, i.e., 3.1.1. The proposal is agreed by over 2/3rd of SRs. Furthermore, TVM [Tron Virtual Machine] will be officially activated that day.

Coming to the coin burn, he said that the 5th batch of the coin burn is finished and 98.01% of ERC20 tokens have been burned, including the previous coin-burns.

Earlier this year, it was reported that BitTorrent, a peer-to-peer file sharing protocol over the internet was acquired by Justin Sun. Regarding this, Sun gave updates to the community and stated that the strength of the BitTorrent team has continued to grow with several members joining the show. He believes that this factor will be a massive contributor to both, Tron and BitTorrent in the foreseeable future.

Lastly, Sun talked about the exchanges that have recently listed Tron. Some of them are Bittrex [TRX/USD], BitBay, Binance [TRX/BNB] and Bithumb, who recently completed the TRX migration. Other exchanges that trade TRX are Abra, KuCoin, Exodus, Cobinhood, Bibox and more.

Follow us on Telegram | Twitter | Facebook

Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Continue Reading
1 Comment

1 Comment

  1. rreeve

    October 4, 2018 at 8:48 PM

    You’ve got to hand it to Justin Sun, he’s always thinking of creative ways to get publicity. He knows the EOS community will be all over him for saying this so I’ll start things by pointing out a few facts…
    TRON was incapable of sustaining a top 10 position, never mind getting into the top 5 like EOS.
    One TRX isn’t even worth 3 cents yet which in my books is a huge failure considering all of the exchanges its listed on and all of the reported partnerships and acquisitions.

    Talking about acquisitions, BitTorrent users shouldn’t count towards TRON’s total.

    Credit, where credit is due, using BitTorrent, was a stroke of genius, unfortunately, like 90% of the TRON blockchain code, the idea was stolen from VTorrent who had been planning the same thing for years in the blockchain space. vTorrent was waiting for BitTorrent to release a client that allowed seeding rewards. No doubt this is where the TRON team got the idea from.

    Justin Sun needs to be careful when attacking other blockchains because TRON relies on the credibility of these blockchains that developed its codebase. I wonder how many lines of code written by Dan Larimers is in the TRON protocol.

    Finally, anyone thinking of investing in TRON needs to decide if unique code, original whitepapers and original ideas matter to them because if they don’t then TRON is the perfect investment for you. However, if they do matter, you should run for the hills and never look back.


Leave a Reply

Your email address will not be published. Required fields are marked *



Subscribe to AMBCrypto's Newsletter