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Tron monthly performance report: TRX during January 2019

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Tron’s growth has been just amazing since it launched its new Main Net last May. Many milestones have been announced by Tron’s leadership, and each one has been delivered in time and working perfectly.

That’s not the rule in blockchain projects in which many milestones are delayed (just think about Ethereum’s Constantinople update which was delayed for weeks, just to give you the latest example, but they’re many more) or deployed without proper testing.

And Tron’s new achievements over the new year’s first month have been every bit as impressive as they were for the previous seven months. Let’s review them.

As we write this, five of the world’s most important decentralized apps are Tron’s (the other five are EOS’s so between those two Ethereum graduates, they’re leaving Vitalik Buterin’s network and technology in the side of the road) according to dappradar.com which you can check for yourself if you’re so inclined.

And that’s just the beginning. TronBet has been the dApp that’s processed the most (crypto) money flow in the world by far, it’s gone north of 24 million USD some days over the month. And that’s one of the many reasons that could see Tron deliver on the promise of being “The Ethereum killer”.

But there’s more.

If you’re updated on cryptocurrency markets, then you’ll know that the market has lost about 80% of its value since December 2017. It’s been a veritable catastrophe and most of the altcoins in the market have lost most of its value. Some blockchain projects have shrunk so much that their very existence is now threatened. Not so with Tron.

Tron has managed to keep growing because the community is bullish about the coin and they’re using it enthusiastically to support the network’s decentralized apps. That’s made Tron’s Tronix (TRX) the eight cryptocurrency by market capitalization as we write this article (but last week it was at seventh). And it could (and probably will) take over Litecoin for the seventh place as the distance between both coins is of about a hundred million dollars and that could be salvaged at any day. The market’s simple natural fluctuations could achieve that on their own.

And on that point, the Tron’s coin market capitalization increased by 500 million USD over the month. The number of accounts went up by 532 Million users and the token’s price also increased by 37%. If you think these numbers are not thoroughly impressive you should take into account that no other blockchain project in the cryptosphere can deliver these kinds of results over the last month.

So what’s next? We’re still expecting for Project Atlas to be completed and for the BitTorrent Token to be launched at Binance. That will see the BitTorrent network (the world’s largest centralized network) transform into Tron’s blockchain technology.

That new development will bring a hundred million new users to Tron’s blockchain, and they will all be using a Tron-based token (BTT) that will incentivize users to seed their content. Once Project Atlas is, at last, online, Tron will become the world’s largest blockchain (yes, it will even beat BitCoin in terms of users) and that will create a new use case for TRX and it will stimulate demand for it.

Tron was amazing in January. And it will only get better.

Image courtesy of Pixabay.

Craig Wright (Faketoshi) goes against Tron (TRX)

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Dr. Craig S. Wright likes to stir the crypto waters. He’s claimed to be none other than Satoshi Nakamoto. He recently attacked Ripple’s technology and token (XRP) (despite the fact that it’s one of the blockchain projects with the best technology, use case, and fundamentals, it’s second by market capitalization as we write this). He also played a crucial role (a bad one in our eyes) in Bitcoin Cash recent fork that saw the project split into two different networks and tokens. This is a man who likes to create controversy for sure, and his latest attack is against Tron.

He used his Twitter account to go against Tron. Here’s his tweet:

https://twitter.com/ProfFaustus/status/1088086434576302081

Not very subtle, indeed. But should we pay attention to this diatribe anymore than we’ve had in the past (just for the record, we don’t take Mr. Wright very seriously, and we doubt very much that he’s Satoshi)?

In this article, we’ll briefly review Tron’s fundamentals so you can decide on your own if it’s indeed such a bad project as Mr. Wright says. So let’s start.

Tron is a very young project. It’s been around for about a year and a half only, and it’s accomplished many notable achievements already. It’s a third generation blockchain which means it’s not all about a currency but also about a programmable platform that supports the development and deployment of decentralized applications and smart contracts.

It was founded by Justin Sun (who is the Tron Foundation’s CEO), who was already quite famous as a technology entrepreneur in China and as a protegé of Jack Ma’s (yup, that Jack Ma, the man behind Alibaba). His credibility in the Asian tech world is beyond any doubts and he’s invested his fame into Tron’s PR and marketing.

The project started running over Ethereum’s network. Then it went its own way on last May by launching its own main net thus becoming independent from Ethereum’s network, the blockchain, and token technology.

As it became autonomous, the new network’s technical specifications were spectacular. Transfer speeds were very high, and the cost of running new apps in the new network was negligible when compared with Ethereum’s high gas cost. It became apparent very quickly that Tron would give Ethereum a run for its money and the phrase “Ethereum killer” became a common reference to Tron in cryptosphere analysis.

Tron has a definite purpose: to use blockchain technology to decentralize the web. This is a very ambitious goal, but we’ve seen harder things happen in digital technology’s history. The aim is nothing short of revolutionary.

Imagine a world wide web in which the information doesn’t flow through the central authorities we’re used to (Google, Yahoo, Facebook, Microsoft, etc.) but in which every content creator can interact directly with his user base without being subject to, say, Youtube’s monetization rules. That’s what Tron is all about, and it’s not as far away from happening as you could think.

Tron bought BitTorrent a few months ago. That is the world’s largest decentralized network in terms of users and traffic. All kinds of content are available in BitTorrent, and it’s about to become a blockchain network. It will run on Tron’s blockchain, to be specific, and that will make Tron the world’s biggest blockchain network. Yes, it will surpass even Bitcoin.

BitTorrent users will be rewarded for seeding their files with a Tron-based token called BTT so sharing your files on BitTorrent will earn you passive income just by allowing your computer to be on.

Tron has a very enthusiastic community that is very bullish on the project’s coin, called Tronix (TRX). The wallet is very easy to use (it’s a chrome extension, in fact), and it has very clear use cases.

Tron is a solid project with very strong fundamentals. Over the last few weeks, it’s gone from 11th place by market capitalization to 8th. And this has happened in a very hostile market that’s seen most other cryptocurrencies shrink in value.

We don’t agree with Mr. Wright. We don’t believe Tron supporters are “dumber than dirt” as he says. We consider Tron to be a project with vision and it holds a lot of promise. But you should make your own mind up. Do you agree with Craig Wright? Do you also think he’s Satoshi?

Image courtesy of Pixabay.

Tron gets added as a pair on BitBNS with Tether

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Today’s market status looks sunny for all the cryptocurrencies as everyone in the crypto-verse (except few) is trending in green, which indeed is a sigh of relief for all the project enthusiasts and authorities.

To talk about Tron, the 8th largest cryptocurrency in the world, if to be named as “warrior”, would not be inappropriate. It is just so, where all the other crypto-currencies were struggling in the bearing trend since the mid of November, Tron not just fought gallantly but also the developments it made and landmarks it achieved during that period to ensure its reliability has started to pay off well.

The past eight weeks have been great for Tron where it has made almost up to 160% gains. Remember, it is that time when bears have had a tighter grip on all the other giants of the crypto-market let alone Bitcoin. This magnificent stride clearly indicates that Tron is experiencing very positive momentum in the crypto-verse.

Just a couple of days ago, Weiss Rating, the independent rating agency which we all know became a substantial name in the crypto-sphere made it public stating, despite the fact that we used to criticize Tron pretty harshly, it has proven its massive popularity in the world.

To talk about the latest achievement for Tron; the day before yesterday BitBns, one of the renowned exchange from India announced that they are going to launch the USDT trading pair for Tron. In its release on Medium, they made it public that the pair will be live from 08:00 PM on 29/01/2019 (that’s already a done-deal, obviously).

BitBns, which didn’t have crypto-to-crypto trading feature until a couple of weeks ago, in response to the ban imposed by RBI (Reserve Bank of India) on Indian crypto companies for using banking services, took the initiative by adding 3 trading pairs with Tether (USDT). The newly announced pairs were USDT-BTC, USDT-XRP, and USDT-ETH. The company had also promised to add more pairs soon. Launching USDT-TRX pair is the fulfillment of that promise.

In its release, BitBns also hinted at its one of the visions for 2019 – to better themselves in making crypto trading effortless and simplistic. They believe that these launching of pairs with Tether is going to bring their vision on the achievable sight.

Tron’s stride at the moment

As we mentioned in the beginning, today’s been slightly good for the digital market so far (hope will continue to be the case). Where every other digital asset is progressing and recovering from the brutal lost, they have had in the recent days.

Tron is down by 1.42% in the past 24 hours, but Justin Sun-led cryptocurrency is not too far from securing the 7th spot from LiteCoin. At the press time, Tron is available for trade at $0.0272 and has a total market capitalization of $1.818 billion.

Image courtesy of PixaBay.

Tron making it to OKCoin kills all the FUD about TRX being security once and for all

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OkCoin is a Chinese cryptocurrency exchange, founded in 2013, that has been expanding very aggressively all over the world. From China, it unfolded into the United States, and it’s currently going for the Latin American markets, a move that surprised many within the cryptosphere as they chose to start with Argentina, offering digital assets for the local Argentinian Peso which is one of the continent’s weakest fiat currencies in the continent. It currently serves 110 countries in the world and is looking to find new markets elsewhere as well.

The move towards Latin America is remarkable because the cryosphere’s more prominent players have mostly neglected this region and the company’s position will be almost unique.

“OKCoin is committed to opening up new markets for digital currency consumers throughout the world, and we are very excited to bring our safe, secure and licensed trading platform to consumers in Argentina,” explained Tim Byun, CEO from OKCoin USA. He added,

“This is just the beginning of our Latin American expansion, as we’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence.”

One of OKCoin’s particularities is that, as it did in Argentina, it offers fiat/crypto trading pairs which are still not that common in crypto exchanges. If you have some experience investing in digital assets you would know that the most common way to enter the market is by buying Bitcoin and then trade it for any other token you fancy if that should be the case. Not with OKCoin.

https://twitter.com/DigitylRise/status/1090382528974733313

The company is not only committed to reaching as much of the planet as it can, but also to offer many trading options. Most of the better-known cryptocurrencies are supported by the platform (0x, Zcash, Stellar Lument’s XLM, Cardano’s ADA, Ripple’s XRP, Litecoin, Ethereum Classic, Ethereum, Bitcoin Cash, and Bitcoin) and, starting today, a new token will be included: Tron’s TRX, and it will be paired against fiat currencies as well.

Established OK clients are now able to use USD or Argentine Pesos to buy TRX directly, or paired against 0x, Zcash, XLM, ADA, XRP, Bitcoin, or Ethereum.

Tron trades at $0.027 as we write this and it’s keeping its 8th place in the rankings by market capitalization, a spot that has achieved over the last couple of months only, as it used to be 11th not too long ago. This is impressive growth in the midst of a bearish market, a feat that only very few blockchain projects have managed over the last 13 months.

And it’s even more remarkable when you remember that this is a third generation blockchain project that’s been around for fewer than 18 months. This is very good news for Tron and for TRX holders as new listings bring about additional trading volume for the asset which, in turn, can create new demand and drive the price up.

Additionally, the pairings offered by OKCoin against Argentine Pesos will offer unique insight into the status of crypto in Latin America, which remains something of a mystery still since many of the world’s larger exchanges are not licensed to do business South of the American border as OKCoin is.

Image courtesy of PixaBay.

Why BitGuildPlat migrated from Ethereum to Tron

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If you like to keep current with news from the cryptosphere, you’ll know a few things already. But if you don’t, there’s nothing to worry about, that’s why we’re here. For instance, you would know that Tron started life as a project running on Ethereum’s network and that it later developed its own main net which came online last May.

You would also know that the technical specifications for Tron’s new main net were so good that Vitalik Buterin (Ethereum’s founder and current leader) mocked them as fake promises. But as the new network went live, every single specification turned out to be true.

As that happened, many observers declared Tron as the new “Ethereum killer.” Let’s remember that blockchain technologies of the second and third generation (Ethereum and Tron, respectively, in this case) are not about a cryptocurrency only, but they are programmable platforms that can support the development and deployment of decentralized applications and smart contracts.

That niche has been dominated by Ethereum since it started, as it was the first project to offer that kind of features. But is Ethereum the prevailing project when it comes to dApps and smart contracts still? Or is Tron (along with EOS, Cardano, Stellar Lumens, and other third generation blockchains) finally killing it? Things seem to lean for the second option, let’s see why.

First of all, Ethereum has been plagued by problems. The transaction speeds are comparatively slow, and the gas price is kind of high. Ethereum users have been complaining about this for months, and Ethereum’s leadership hasn’t done much about it. An update to the blockchain (called the Constantinople hard fork) was supposed to appear last week, but it was defective, so it’s been postponed for next month.

If Ethereum’s problems were not enough, Justin Sun (Tron’s CEO and founder) came forward and invited Ethereum developers and users to move their apps to Tron’s platform. Some people mocked him. And some people took him at face value and are doing exactly that, like BitGuild.

BitGuild’s a decentralized gaming platform that develops several games currently available on Ethereum’s network. It claims to be designed to do away with fees, fraud, and regulations in a tokenized gaming marketplace. The fee-free bit is currently impossible on Ethereum, not to mention the network’s speeds limitations which is why BitGuild moved to Tron, as per Mr. Sun’s invitation, among other factors.

The announcement came this January 18th at Tron’s, niTROn summit at San Francisco and it was made by Jared Psigoda, BitGuild’s CEO. He gave several reasons for the company’s decision:

  • Transaction speeds.
  • Low fees (essentially none).
  • The strong community at Tron.
  • TRX holders are bullish about the token, and they actually use it.
  • The Tron Foundation is supporting the move.

It’s hard to argue with any of those reasons. If only a couple were true, the case for making a move would still be solid.

So, it’s happening. Tron (and other blockchains) are indeed killing Ethereum. It’s not even the second largest cryptocurrency by market capitalization anymore (that’s Ripple’s XRP). EOS is still far from challenging Ethereum for the third place (it would still need 10 Billion USD), but the thing is that EOS is growing as Ethereum is shrinking so it could happen at some point during the year. And Tron has gone from 11th place a couple of months ago to 7th as we write this article.

The important thing is this: if EOS, Tron, and other blockchains can overcome Ethereum as the main network to deploy dApps, then it will be a matter of time to do the same regarding capitalization. We shall see.

Image courtesy of PixaBay.

New York DFS allows buying Bitcoin with debit cards on LibertyX supported ATMs

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Although, this week has started badly (again) for the whole crypto-market where every other currency is in the continuous downward streak, testing the emotions and faith of the crypto enthusiasts towards their beloved digital assets. Nonetheless, even in the worst of times, if there is a smaller positive happening, one must cherish it to keep their hopes in the balance because as they say, all great changes are preceded by chaos.

Some encouraging development for the crypto lovers from New York is coming up as they can now use their debit cards to buy Bitcoin at any selective ATM across the city. Thanks to the city’s Department of the Financial Services (DFS) without whom it may not be possible who, just last week, granted licenses to the Robinhood Crypto and LibertyX.

This service is going to be provided by LibertyX who has been keen to make the process of buying cryptocurrencies easier (like buying it from nearby ATM) all over the country.

In February 2014, LibertyX launched its first Bitcoin ATMs in Boston’s South Station, which is regarded as one of the country’s busiest train stations. It then went on the to expand its network by adding further ATMs at various locations including Harvard Square and MIT.

As though this latest decision by the New York’s Department of Financial Services will provide its inhabitants relatively comforting opportunity to buy Bitcoin, but is going to prove as a significant stride towards becoming the front-runner in the realm of financial technology innovations and banking. Talking about their decision, the officials said:

“To date, DFS has approved sixteen charters or licenses for companies in the virtual currency marketplace. In New York, LibertyX, which will provide consumers the sale of bitcoin through debit terminals, is the first [NY]DFS virtual currency licensee to allow customers to use debit cards to purchase bitcoin from traditional ATMs.”

Last year, LibertyX partnered with a renowned ATM Manufacturer company, Genmega and launched the country’s first ever debit Bitcoin ATM. Through this ATM, the process of buying Bitcoin was made quite easy as it was integrated to match the regular withdrawal process. Including New York now, over 10,000 ATMs are providing the facility all over the country.

To enjoy the service, a user is required to merely download the LibertyX cell phone app on their gadget and register an account. Once the account is approved, then the account holder can purchase Bitcoins by spending almost up to 3ks every other day.

Enthusiasts of the digital assets have welcomed the steps taken by the regulators such as granting licenses to the cash-to-bitcoin onramp network, LibertyX, as it will be immensely helpful to enable the broader crypto adoption in our regular businesses.

The Cobo Wallet joins the BTT Airdrop next month

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The Cobo Wallet will join forces with the Tron Foundation and BitTorrent, its subsidiary, to participate in the BitTorrent Token (BTT) airdrop for TRX holders that will take place next February.

Cobo is a company that aims to produce a cryptocurrency wallet with a competitive advantage. It was founded by Discus Fish and Changhao Jiang. The company’s motto is “we make it easy for everyone to own and use cryptocurrencies.”

It’s the first wallet in the crypto verse to offer Proof-of-Stake protocol and to reward users on holdings so that they find it easier to grow their digital assets. The wallet supports more than thirty different coins and 500 tokens. That includes TRX and several Tron-based currencies.

And you probably already know what BitTorrent is. But just in case, it’s the world’s largest decentralized network, used by more than a hundred million people all over the world every month. The network is a file-sharing service, the only one that survived the eDonkey/eMule wars that happened about a decade ago. BitTorrent was the last man standing.

The Tron Foundation bought BitTorrent a few months ago, then announced that it would merge it into the Tron Main Net as Project Atlas. BitTorrent is about to become a blockchain network, and Tron wants to turn it into a tokenized economy. That’s why the BitTorrent corporation is issuing a Tron-based token, BTT.

The new token will be an incentive for BitTorrent users. Seeding your files in the network will get you tokens. The longer you seed your content, the more coins you get. You’ll essentially be paid for sharing your bandwidth and content with the rest of the world, it will be a very convenient way to earn some passive income by just keeping your computer on while you sleep and keep your BitTorrent client on.

And once you have some BTT, you can take them to an exchange and trade them for TRX, and you can go anywhere from there: Bitcoin, XRP, or any other cryptocurrency you fancy. With a little extra work, you can even turn them into your local fiat money.

As part of Project Atlas, a new BitTorrent client will be released sometime during the next quarter.

That’s not all. As the new token becomes available at cryptocurrency exchanges (Binance will be first) BTT several digital wallets have partnered up with Tron and BitTorrent to airdrop some of the new digital assets into those user accounts that are holding TRX tokens.

A free money sample, if you will, and you don’t even need to be a BitTorrent user to get it. Just to have some TRX stored in your digital wallet, if that wallet is Cobo or one of the other Tron’s partners.

Project Atlas could potentially change the way in which we conceive file-sharing more than Napster did back in the day. It will be controversial, as game changers often are and Tron is making sure that the new network goes live with a bang. Let’s not forget that effective and spectacular marketing is most definitely one of Tron’s and Justin Sun’s strengths.

The BTT airdrop and Project Atlas will soon arrive in Crypto. Be ready to be surprised.

Image courtesy of Pixabay.

Here’s what Coindcx.com issuing TRX trading pairs mean

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Tron Foundation’s Tweeter account hailed Coindcx recently as the platform will support five trading pairs based on Tron. Here’s the tweet:

“Thank @coindcx for listing #TRX. All #tronics can go trading on @coindcx by TRX/INR as well as other 4 trading pairs now. #TRON $TRX #niTROn2019 https://coindcx.com/trade/TRXINR “

Coindcs.com is a cryptocurrency trade and exchange platform based in India. Founded by a team of passionate crypto enthusiasts from that country, the platform aims to bring the Indian people closer to the upcoming economic revolution that blockchain technology and digital assets will bring about by building the subcontinent’s most advanced digital currency trading platform.

The platform’s team is very idealistic and enthusiastic, as is apparent from the way they talk about their project. They praise Bitcoin’s core values (the blockchain, decentralized ledgers, smart contracts) because they believe that this technology has the potential to change the world, making it more efficient and freer.

Make no mistake, the team is probably doing a pretty penny managing and developing their project, but this is a bunch of guys who are not trying to get rich. At least not only that. They want to change the world, and they see the blockchain and the ideal means to achieve that goal. Their motto is “Shaping the future with blockchain.”

They aim for transparency, security, and trust in their operations so that every client can concentrate on the essential things while they do the work that allows for that.

This high degree of optimism, idealism, and ambition is utterly in line with Justin Sun (Tron’s CEO and founder) and Tron as a project.

Tron is a third generation blockchain project which is not merely built around an alternative coin (which in this case is known as Tronix or TRX). Tron aims to use its blockchain to decentralize the whole world wide web. How’s that for ambition?

The idea behind decentralizing the web is to get rid of any central authority. Microsoft, Google, Facebook, Youtube (owned by Google), and a handful of other big corporations are responsible for publishing most of the content available on the web. That means that they write the rules.

It furthermore means that content creators cannot monetize their work directly from fans or consumers, but they need for, say, Youtube, to pay them for the ads which annoyingly interrupt every video you see there. And, of course, if you want YouTube to pay you for the publicity people see while watching your content, then you have to comply with YouTube’s rules.

Tron wants that to stop. In Tron’s decentralized web, content creators would get rewarded for their efforts with cryptocurrency (TRX) directly from their viewers without any corporation (not even the Tron Foundation) imposing any kind of rules, or mediating the payments process.

So it fits for Tron and Coindcx.com to join forces as they share something of a common spirit.

TRX is already available at the platform as we write this. The main trading pair will undoubtedly be the TRX/BTC one. But there’s a TRX/INR available as well as TRX/USDT, TRX/ETH, and TRX/XRP.

Image courtesy of PixaBay.

The BitTorrent Token to go live just in few days now

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The Tron Foundation used its Tweeter account to announce the launch of the BitTorrent Token this January 28th. On that day, at 7 am PST it will be available at Binance Launchpad. In this article, we tell you all you need to know.

What is BTT?

BTT will be the handle for the brand new TRC10 Tron-based token called BitTorrent Token. It’s meant to be a general purpose currency to help transactions in computing resources among BitTorrent clients and/or any other service providers and requesters. It will be the currency of the BitTorrent environment as it becomes a blockchain network.

Current BitTorrent clients will include an optional set of protocol extensions that will allow users to receive and bid for their bandwidth. That will work along with a wallet that supports BTT and a bidding engine.

It won’t be used only to incentivize longer seeding times but also for all kinds of utility cases within the BitTorrent network. General storage, computation power, resources availability such as a distributed VPN or a CDN.

As the project matures and grows, it will be used, in time, for content purchases, for tipping content producers, and for crowdfunding the creation of new projects.

The details

The initial Hard Cap will be of 7,200,000 USD. The total token supply will be of 990,000,000,000 BTT tokens of which 9% will be available for a start. The initial value is set to be 0.00012 USD. Trading pairs in BNB and TRX will also be available, but the price for those will be set only when the token is released.

Of the available BTT on the 28th, 40% will be publicly sold for BNB and the rest in TRX.

The whole supply is scheduled to be released over the next three years.

This seed sale will be of 9% of the total supply, as stated before. The rest of the currency will be allocated in the following way:

  • Private sale, 2%.
  • Partnerships, 4%.
  • Public sale, 6%.
  • BitTorrent Airdrop, 10%
  • Tron Airdrop, 10.1%.
  • Tron Foundation, 20%.
  • The BitTorrent Environment 19.9%
  • The team, 19%.

But there’s a catch. Not everybody is invited to the party.

Users from several countries (most notably from the USA and Mainland China) won’t be allowed to partake from the sale.

Here are the interdicted countries: Afghanistan ,Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote d’Ivoire, Cuba, Democratic Republic of the Congo,  Ethiopia,Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Myanmar (Burma), North Korea,  Republic of Macedonia (FYROM),Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine,  United States of America (USA),Venezuela, Yemen, Zimbabwe.

While all the relevant and available information so far is included in this article, you can find it as well at Binance’s website in this link: https://launchpad.binance.com/details.html?projectId=25

BitTorrent is already decentralized, which is one of the reasons why it’s in line with Tron’s ambitions. And now it will become blockchain-based through the BTT token, and also by a new BitTorrent blockchain client called “BitTorrent Speed” which will be released by next quarter. It will be incredibly interesting to see how Tron’s blockchain changes the lives of a hundred million users scattered all over the world. If you are a BitTorrent user, this is a fascinating time.

Image courtesy of PixaBay.

The dApp wars: Tron is beating Ethereum and EOS (clearly)

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Tron had an amazing year last year. It achieved several milestones during the year (most notably, blockchain independence as well as token independence from Ethereum) and all seems to support the idea that 2019 will be even better for Justin Sun’s project.

In this very young year, Tron already has a lot to boast about. It’s been barely seven months since it launched its new main net, and it already has more than 200 decentralized applications. And that’s not all. Those apps are quickly developing a huge user base and growing at such an amazing rate that they’re leaving Ethereum and EOS (its main competitors when it comes to dApps) far behind.

If you would care to have a look at dappradar.com, which is a web site that monitors activity in decentralized apps you’d notice several interesting things. Let’s talk about them.

Every single dApp in dappradar’s top ten runs either in Tron or EOS. This means that Ethereum, which was the project that arguably invented decentralized apps and smart contracts, is falling behind and losing its capability to compete.

Among those top ten apps, five run on Tron and the rest on EOS. They’re ranked by the number of daily users they serve. Number one is EOS’ PRA CandyBox with 8.8k users daily. So it has a lot more users than any other app on the list, but its transaction volume is exactly zero. No cryptocurrency flows through PRA CandyBox, popular as it is.

Then comes Tron’s Epic Dragons at the second place with 5.5k users daily. While 5.5k is surely not as impressive as 8.8k, there is a huge difference in transaction volume as Epic Dragons transacts almost 10,000 USD daily (or 396.9k TRX). So it has a lot fewer users, but at least it has a bit of money flowing.

Third is EOS’ Knights which has more or less the same number of users and transaction volumes as Epic Dragons.

But let’s skip numbers four and five (you can always check dappradar.com if you’re curious enough) so we can talk about number six which is the real phenomenon.

At number six we find TronBet, which is one of Tron’s gaming and gambling platforms. It has only 3,200 users daily, but that’s not the story. TronBet transacts 24.5 million USD daily. This is a lot of money, and there is no other decentralized application in the cryptoverse that comes even close to that kind of volume. The closest one is FarmEOS (number nine) with 1.3 million.

Tron is quickly dominating the dApp world by being innovative, reliable, and also through good marketing strategies for good products. Tron’s blockchain’s apps may not have the most users (yet), but they do have the most transactions per second and the largest trading volume by a very long shot.

Comparing EOS and Tron apps is quite appropriate too because both projects left Ethereum behind to start their own main nets at roughly the same time, so the odds are even amongst them. And Tron is moving forward more quickly than any other platform in this regard.

We suggest for you to have a look at Tron’s apps. You might just like what you see.

Image courtesy of PixaBay.