Justin Sun Stiffarms EOS (20% More) and ETH (13x More) in Saying TRX User Accounts are Higher
Justin Sun Says the TRX Daily Transaction Volume is 29 Times that of Ethereum during a TRON Foundation Update
The TRON Foundation recently updated the cryptocurrency community on their progress with the TRX blockchain platform. Justin Sun who is the project founder addressed a crypto community audience at the beginning of this week where he highlighted the milestones achieved so far. He also made a comparison of TRX blockchain network adoption rate & transaction efficiency with peer competitors like Ethereum & EOS.
In his speech, Justin noted that the TRX platform active accounts are over ten times those opened on the Ethereum network. However, Ethereum continues to enjoy a better market cap position compared to TRX which is at position 13 according to Coinmarketcap.
The TRON founder further added that the TRX platform handles over 45 times the transaction volume Ethereum handles within a given time span. Basically, the TRX platform’s transactions within 24 hours are more than Ethereum’s volumes by close to 30 times on average.
Justin also compared his TRX blockchain network with the famous EOS project. He noted that TRX accounts exceed those affiliated to EOS by 20% as of press date.
In the next part of the TRX YouTube release, Justin gave an insight on what the TRON community should expect in the coming days. The platform will upgrade its Super Representatives (SRs) to v3.1.1 on October 8th as the Q4 market fever takes shape. A good number of blockchain & crypto projects have made fundamental releases since we entered Mid-September.
On the coin burn update, Justin stated that this process is well underway. According to the TRX founder, they are done with the 5th round of burning the ERC20 based altcoins; this is approximately 98% of the tokens.
BitTorrent, a P2P protocol that facilitates sharing of data in a protected online ecosystem was also a topic of discussion. This is because Justin Sun is also an owner of this project after an acquisition in the beginning of 2018. Mr. Sun said that the BitTorrent project is going on well having attracted a good number of contributors to strengthen the team. Both TRON & BitTorrent stand to benefit from this growth in the future cryptocurrency era!
Finally, Sun highlighted the progress TRX crypto coin has made with coin exchanges globally. The altcoin is currently listed in a couple crypto exchanges with popular market players like Binance & Bittrex making the list. Smaller coin exchange platforms that have listed TRX include; Bibox, KuCoin & Abra amongst others.