More

    Tron (TRX) Daily Transactions Exceeded Ethereum (ETH) in October: What's to Come in November?

    As per Global Coin Report, Tron has witnessed growth in the number of daily transactions, which is an indication that the network has improved.

    October marks a month of milestones for Tron, as it exceeded Ethereum’s daily transactions and managed to see monthly transaction skyrocket to over 50 percent. This is big considering that one, Ethereum is the second largest crypto by market cap to date and second, Ethereum only managed to hit a little under 5 percent.

    The breakdown of the statistics given right above come from TRX Colony, who has given us all food for thought: “Will Tron surpass #ETH in November?”

    In response, some believe it is surely to happen, given the milestone attained. However, many, as previously mentioned by Bitcoin Guide Exchange remain neutral on such statements due to the unchanged TRX token value. An interesting comment has since been made in response to TRX Colony and it goes as follows:

    So, what’s the driving force that’s increasing TRX daily transactions. As per the report, it could mainly be the launch of decentralized apps (DApps) on its respective network, along with its platforms like TRONbet and TronDice (which recently hit over $200 million in winnings).

    TRONbet has managed to attract many users, as per Tron Foundation, who revealed at the time of its launch that the game has been played over 10,000 times. This alone contributed to its daily transactions to surpass that of Ethereum’s.

    Since Tron has the ability to handle thousands of transactions no problem, most developers turn to its network, especially when it comes to DApps. The team behind Tron kept this key point in mind, which is the reason why more DApps are claimed to be coming on the network.

    All this being said, many remain faithful to Tron and trust that given the same trends occur, November might be a favorable one for Tron yet again. What are your thoughts on this? Are you not bothered by its token value still sitting in the 2-cent range? Share your comments right down below.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,290FansLike
    2,763FollowersFollow
    4,139FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    TRON (TRX) Price Analysis (February 23)

    • The trend of the coin looks bullish in its medium-term while the short-term outlook is in a range-bound. • Patience is required at this...

    Block.One’s Beta Launch Of EOS Based Social Network Voice Raises Privacy Alarms

    Block.one’s Facebook asking for tons of personal data to jo Voice beta More concerning than privacy alarms is the use of data to...

    Criminal Assets Bureau Confiscates Over 6,000 Bitcoin But Unable to Sell Them

    The Criminal Assets Bureau (Cab) has confiscated 12 online accounts, wallets containing 6,000 bitcoin of a drug dealer who had €55 million (over $59.6...

    Top Medical Firms Set to Develop a Blockchain Solution to Prevent Counterfeit Drug Supply

    Top medical firms partner to develop a blockchain based solution to combat counterfeit drugs in the market. The MediLedger blockchain aims to verify...

    EOS Suffers “Major Outage” on Coinbase as Network Performance Issues Arise

    This month alone Coinbase suffered issues with EOS thrice, the exchange is still investigating the problem. Meanwhile, No blockchain is cartel resistant, but EOS’s the...

    New Jersey Introduces Bill For Crypto Firms To Obtain Licenses From State Authorities

    A New Jersey lawmaker introduces a bill to regulate the cryptocurrency and digital assets industry. The bill states each virtual asset company must obtain...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.