Justin Sun, the CEO and founder of the Tron Foundation today updated the Tron community on the progress the company has been making in the recent past. The CEO reiterated that the Tron bionetwork has a high level of performance as well as usability.
As a result of the MainNet Launch, Justin asserts that the network has proven to be one the biggest distributed ecosystems globally, adding that network accounts as well as day-to-day transference have observed a substantial progression.
An Increase Of Over 46,400% In Growth
Presently, the number of accounts on the company’s network has risen to well over 383,000, representing an over 1400% growth when compared to a similar period last month. In comparison to the number of accounts which were on the ecosystem during the MainNet launch, it is evident that the firm has realized an increase of over 46400% account numbers.
Additionally, the ecosystem account has also seen a considerable development over the past two months, when held in comparison to Ethereum’s accounts. As a matter of fact, the firm’s network accounts are over ten times more than the number that Ethereum has.
The foundation’s CEO also asserted that currently, Tron’s accounts comparable with those that the EOS ecosystem has. According to him, the Tron network is likely to override the account numbers held by EOS before the end of the third quarter.
Apart from the rise in the account numbers in the network, the company has also experienced a significant rise in the number of everyday transactions. Ten days ago, the number of transactions in the network within just one day reached its top most mark, whereby the transactions got to over 416,400.
Significant Advancements Since The Launch Of MainNet
The network has since seen a growth of over 740% since late July. Additionally, the day-to-day transactions have also seen a growth of over 13,500% since the launch of MainNet. This basically implies that a one day transaction peak is over forty times of Ethereum’s one day transaction within the past two months only.
According to the founder of Tron, the present single day transactions on the network has reached over 30% of the transactions that take place on Ethereum.
Speaking also concerning the beta version that the Tron Virtual Machine runs on, he asserts that the initial version that had been established was a bit slow, and that presently, the firm is on its online deployment phase, which is more advanced.