Justin Sun, the founder and CEO of Tron Foundation, announced today that Tron, the 11th largest cryptocurrency in the market, had surpassed Ethereum in terms of daily transactions for the first time on October 18. Tron outperformed Ethereum with 33,563 additional transactions. Sun announced on Twitter:
“It is the first time that
#TRON has surpassed #Ethereum in daily transaction. #TRX 599354 vs. #ETH 565791 in October 18th. It’s just the beginning! $TRX”
Moreover, Tron continued to surpass Ethereum’s daily transactions on the following day, October 19, as well. Yesterday, Tron registered 629,329 transactions, while Ethereum registered only 601,119 transactions. This means that Tron surpassed Ethereum by over 28,210 transactions.
Ethereum has always been the biggest competitor for Tron, with the Foundation always boasting of beating the second biggest cryptocurrency in the world. Recently, Sun claimed that Tron’s network will be 200 times faster than Ethereum, stating that the network will be able execute 2,000 transactions per second, as opposed to Ethereum’s 25 transactions per second.
Moreover, Tron Virtual Machine [TVM] is completely compatible with Ethereum Virtual Machine [EVM] and developers can shift from EVM to TVM for “almost free”. The development tools of TVM are similar to that of Ethereum. This includes TronWeb, which is equivalent to Ethreum’s Web3.js; TRONLink, similar to Ethereum’s metamask; TronTruffle, similar to Ethereum’s Truffle, and Tron Remix is Tron’s version of Remix.
During the launch of Tron Virtual Machine, Sun stated that Tron Foundation was going to reach out to the Loom Network, the next generation blockchain application platform for Ethereum. Loom Network provides developers with a user-friendly API interface and Tron aims to provide developers with a convenient way to develop dApp on their network.
Dusuncesiz Dusunceli, a Twitterati said:
“It seems to be a one-time surpass. Ethereum has a long*run while the Tronix just begin a new story. I believe that we should wait a bit more to compare both. And one more thing the success of the Ethereum is obvious. You need more work. Keep going man!”
GoCryptoGo, another Twitterati, said:
“Regardless of people’s views, for me this is great news and shows how far TRON has come in such a short time. More importantly dapps with use are being used… Tron will be big in a few years.”
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Binance coin pumps by over 6% in an hour; breaks its all-time high
On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.
At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.
This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].
The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.
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