Connect with us

Altcoins

Tron [TRX]’s daily transactions surpass Ethereum’s daily transactions again

Priya

Published

on

Tron [TRX]'s daily transactions surpasses Ethereum's daily transactions again
Source: Unsplash

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.

Tron's daily transactions on October 19 | Source: Twitter

Tron’s daily transactions on October 19 | Source: Twitter

Ethereum daily transaction on October 19 | Source: Twitter

Ethereum daily transaction on October 19 | Source: Twitter

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.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



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.

Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

Published

on

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending