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

Priyamvada Singh

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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.





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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.

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1 Comment

1 Comment

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    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.

    BOOOM!

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

Namrata Shukla

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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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