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Tron [TRX] smashes its highest daily transaction record with over 3 million transactions

Priya

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Tron [TRX] smashes its highest daily transaction record with over 3 million transactions
Source: Unsplash

The week has started with all the cryptocurrencies doing fairly well in comparison to the previous week. This includes Tron, the tenth-largest cryptocurrency by market cap. The coin, which dethroned Monero [XMR], the most sought-after privacy coin, continues to advance in the market, both in terms of ranking and development.

The cryptocurrency which is aiming at surpassing Ethereum and Bitcoin, has crossed a new milestone. Tron has crossed the three million mark in terms of daily network transactions. The network had breached the two million mark just a few days ago, showing that it is on its path to a faster progress.

Tron transaction chart | Source: Tron Scan

Tron transaction chart | Source: Tron Scan

CryptoG20, a twitterati, said:

“Nice! It goes to show some people don’t understand a transaction on the Tron blockchain is a blockchain transaction. Real use case? It’s a real transaction. Use: that’s the case. Looking forward to see how Tron ecosystem evolves! #TRX”

Misha Lederman, another twitterati, said:

“#TRON broke a historic record in daily transactions on Dec 16: #TRX handled 3 million Txs  The highest record daily Txs the Top 5 coins ever processed? #Bitcoin: 490k #Ethereum: 1,34 mln #Ripple: 1,65 mln #Tether: 15k #Stellar: 404k The Balance of Power is Shifting – $TRX “

The total transactions on the network have also marked a significant growth, with the overall transaction number crossing the 100 million mark.

Justin Sun, the founder and CEO of Tron Foundation, said:

“#TRON has reached 100 million transactions today […] In 173 days.”

Tron overall transaction | Source: Tron Scan

Tron overall transaction | Source: Tron Scan

Additionally, Justin Sun is also expecting a significant progress in the dApps built on Tron network. In the month of November 2018, the founder had stated that he was expecting 80+ more dApps on the network in December, claiming a 400% growth for the month.

On which, he said:



“Now we have 39 Dapps built on #TRON. Half way to go!”

Moreover, the foundation has been relentlessly working towards making Tron a developer friendly ecosystem. In order to achieve the same, Sun had submitted two proposals this month, one aiming at reducing the energy cost from 20 sun to 10 sun, and the second aiming at increasing the energy limit.

Both the proposals were approved by the governance committee of the community.  Along with this, the Foundation unveiled the Tron Arcade, a 100-million fund for gaming developers, for the next three years.





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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.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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