Justin Sun Ups The Ante: Tron (TRX) To Be 200x Faster Than Ethereum (ETH)
If Ethereum is fast, then Tron can be 200 times faster. This is what Justin Sun said on August 17 in a video statement in which he talked about Tron’s vision for the future and the upcoming plans of the Foundation.
Tron’s founder has always been sincere explaining that Ethereum is the biggest competitor of the Tron’s Foundation. But of course, Justin Sun explained that Tron (TRX) has many advantages compared to Ethereum, including strong code simulations and a seamlessly working blockchain. Another point he mentioned is that Tron has several hidden cards that will allow it to become bigger than Ethereum.
Furthermore, Sun said that Tron has a superior network transaction speed that could reach 2000 transactions per second (TPS), compared to Ethereum’s 25 TPS.
In addition to it, Justin showed that the community keeps growing because there are now 300 members in the Tron Foundation, after increasing from 108. Moreover, the Foundation decided to conduct the first-ever global all-hands meeting with attendants from San Francisco and Beijing.
Moreover, the company wants to increase its growth and move the family from 300 members to 1000 in 2019. At the moment, there are 2 million token holders that make it the largest blockchain in the world.
Tron is a very friendly environment for games and constructive software. He went on to elaborate that the ecosystem will provide infrastructure for applications to grow and function.
Earlier this year, Tron acquired BitTorrent, which was a very important milestone for Tron’s plan to keep growing. BitTorrent will become the largest application on the blockchain with 100 million users. Justin explained that the company is trying to solve the problem of scalability in Ethereum’s network.
In the future, Tron will be 200 faster than Ethereum, according to Justin Sun and would be able to handle 100 million transactions per day. In order to do so, mass adoption will be one of the most important things to improve.
At the moment of writing this article Tron is the 11th most important virtual currency with a market capitalization of $1.39 billion dollars. Moreover, each token can be bought for $0.02 dollars. In the last 24 hours, Tron is operating 4.38% down.