Justin Sun, the founder and CEO of Tron Foundation, announced today that Tron, the 11th largest cryptocurrency in the market, had surpassed Ethereum in terms of daily transactions for the first time on October 18. Tron outperformed Ethereum with 33,563 additional transactions. Sun announced on Twitter:
“It is the first time that
#TRON has surpassed #Ethereum in daily transaction. #TRX 599354 vs. #ETH 565791 in October 18th. It’s just the beginning! $TRX”
Moreover, Tron continued to surpass Ethereum’s daily transactions on the following day, October 19, as well. Yesterday, Tron registered 629,329 transactions, while Ethereum registered only 601,119 transactions. This means that Tron surpassed Ethereum by over 28,210 transactions.
Ethereum has always been the biggest competitor for Tron, with the Foundation always boasting of beating the second biggest cryptocurrency in the world. Recently, Sun claimed that Tron’s network will be 200 times faster than Ethereum, stating that the network will be able execute 2,000 transactions per second, as opposed to Ethereum’s 25 transactions per second.
Moreover, Tron Virtual Machine [TVM] is completely compatible with Ethereum Virtual Machine [EVM] and developers can shift from EVM to TVM for “almost free”. The development tools of TVM are similar to that of Ethereum. This includes TronWeb, which is equivalent to Ethreum’s Web3.js; TRONLink, similar to Ethereum’s metamask; TronTruffle, similar to Ethereum’s Truffle, and Tron Remix is Tron’s version of Remix.
During the launch of Tron Virtual Machine, Sun stated that Tron Foundation was going to reach out to the Loom Network, the next generation blockchain application platform for Ethereum. Loom Network provides developers with a user-friendly API interface and Tron aims to provide developers with a convenient way to develop dApp on their network.
Dusuncesiz Dusunceli, a Twitterati said:
“It seems to be a one-time surpass. Ethereum has a long*run while the Tronix just begin a new story. I believe that we should wait a bit more to compare both. And one more thing the success of the Ethereum is obvious. You need more work. Keep going man!”
GoCryptoGo, another Twitterati, said:
“Regardless of people’s views, for me this is great news and shows how far TRON has come in such a short time. More importantly dapps with use are being used… Tron will be big in a few years.”
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