TRON Project Update: TRX’s Native Network Continues to Expand as Project Atlas Too Moves Forth Right on Schedule
One project which has constantly delivered on its milestone promises is Tron. Not only does it boast of having one of the fastest expanding blockchain ecosystems in the world, the TRX network also possesses a highly innovative dApp environment that is more scalable than a lot of its competitors today.
Currently deemed to be the world’s 13th largest cryptocurrency by total market capitalization, the Tron network is now closing in on a total of 400,000 customer accounts— which when compared to Ethereum’s total accounts post 93 days its mainnet launch, is nearly 13 times the number.
Additionally, via a live update from the Tron foundation, the organization also revealed a host of other fascinating statistics about its network such as:
- The Tron project has garnered 20% more users than EOS within the first 90 days of their respective mainnet’s going live.
- TRX’s peak number of single-day transaction volume is 49 times higher than that of Ethereum across the same time-frame.
- The average daily transaction volume for Tron is 29 times higher than that of Ethereum.
In other news, the Tron foundation recently completed its move to burn more TRX tokens so as to make its native platform more functionally efficient. This latest coin burn event was the company’s fifth such undertaking and saw the foundation eliminate a total of 4,917,487,036.059613 (4.9 billion) old ERC20 tokens. This effectively takes the firm's total burned token amount to around the 98 billion mark.
Ever since the launch of the Tron Virtual Machine (TVM) last month, many experts now believe that a host of developers, coders will now be given further incentive to switch over to the TRX network in order to develop their dApps. At the time of writing this article, the official Tron website displays a total of 12 unique dApps that are in different stages of their overall development.
After questions regarding Ethereum’s scalability were once again called to the forefront, Afri Schoedon released a tweet saying that the ETH ecosystem was running at its full capacity and was bound to saturate sometime soon.
Echoing his sentiments, the founder of Tron, Justin Sun, released a statement saying:
Another Coin Burn Event Concludes
“TVM is Groundbreaking, Promises to be a Gamechanger”
“Stop Using the Ether Network’, says ETH developer Afro Schoedon”
“Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience!”
Last but not least, Project Atlas too seems to be moving ahead right on schedule. For starters, it appears as though TRX has successfully been integrated into BitTorrent. Not only that, via an official press release on PRS newswire, the Tron Foundation has even announced its future plans for Project Atlas:
“In the initial phase of Project Atlas, BitTorrent peers will be able to spend tokens to incentivize users on faster networks to seed torrents for longer periods, which will lead to better swarm longevity and faster download speeds. BitTorrent seeders will be able to earn tokens by dedicating more of their bandwidth and storage to ensure that swarms are faster and live longer. For users concerned about mining, TRON (TRX) uses a Delegated Proof of Stake system, meaning users who participate will exchange tokens based on resources provided, not mining.”
The future looks good for Tron and if the company continues to deliver on its promises like it has been for the past couple of months, it would not be surprising to see TRX break into the list of top-10 altcoins by total market capitalization in the near future.