Tron News

Justin Sun, the CEO and owner of Tron announced that the Tron ecosystem is getting better day by day. The number of DApps on Tron Blockchain gushes, and reached 500K Mainnet Accounts Reach in just 4 months. The urge for people to create more than 500,000 accounts on Tron’s mainnet shows their sheer interest in the Tron platform. This means that the network is growing by about 100,000 accounts per month.

Tron’s blockchain project, aimed at building the infrastructure for a fully decentralized internet, activated their much-awaited virtual machine on Oct. 12th. Since its launch, the four-month-old Mainnet’s accomplishment is quite noteworthy. The recent hunch among the cryptomarket is that this new activation of the Tron Virtual Machine (TVM) might be a turning point for the blockchain platform. Indicators show that the rise in the number of Tron-based DApps, if retained, could further increase the number of users of the platform. With the TVM in action, developers can easily test their smart contracts now.

Tripling of Tron-Based DApps in More Than a Week

Recently a lot has been happening to the Tron-based DApps. The scenario shows a clear picture of them tripling in more than a week, which is an unseen picture. The “State of Tron DApps” page on the company’s site shows around 49 decentralized apps which are in the way of various stages of development, either as a concept, prototype, progress, or as beta.

Prior to October, Tron has had only 18 DApps live on the network. Whereas now, after the TVM’s launch it is raised to 49 DApps, which shows Tron’s ride to success with 31 additions in just a little over a week. If this massive creation of DApps continues, Tron will see more and more people thronging on its platform, which should increase the value of TRX.

The best part is the boost up in the number of accounts of Mainnet when it breached its 500K mark. In its Oct. 13 – 19 Tron Weekly Report states that as of Oct. 17, the company saw the accounts crossing 500,140, which reveals that its average daily transfer is around 146,000, equalling its single-day volume peaking at 440,135.

The number of accounts on the platform is significant, considering that it was launched just four months ago. Moreover, the platform posted a steady monthly growth rate of more than 100,000 new accounts per month. After Tron’s respective launches, when compared to those that of its rivals, Tron’s total number of accounts is 20% more of EOS and 13 times more than that of Ethereum.

One of Tron’s biggest partnerships was announced on October 18^th  when Tron Foundation revealed that it had teamed up with Baidu, the Chinese technology behemoth. Tron announced that the new partnership will pave the way for better blockchain technology based solutions which will be assisted by cloud computing resources. The official Tweet by the Tron Foundation stated:

“#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX”

Prior to the official reveal of this news, the Tron community was taking turn to guess who the secret partner was. Some users had even speculated that the partner could be Pornhub or Alibaba. The Baidu announcement tweet was also shared on social media platforms by Justin Sun.

All the details of the partnership are not out yet, but initial reports show that with this new deal, Baidu will step into the blockchain world under the Blockchain Centralization Super Partner Program 1.0. This is a stepping stone for Baidu to utilize the advantages provided by the distributed ledger technology.

The debate between Nouriel Roubini, the economist and Vitalik Buterin, the CO-Founder of Ethereum is something that the entire cryptocurrency community is waiting for and Tron Founder Justin Sun is not far behind on the news. Justin recently announced $1 million as a reward for the winner of the debate between the two. Sun stated on Twitter:

“#TRON is happy to sponsor this debate and give 1 million USD to the winner. The result can be decided by the public vote. #TRX $TRX“

Ethereum is somewhat of a rival to Tron. When asked about the prospect of Buterin winning the debate, Justin Sun stated:

“Eh, I probably would have just donated it to @AgainstMalaria or whatever.”

The reward is not the first time that Justin Sun has taken a keen interest in the debate with earlier reports showing that Sun had suggested Nobel Laureate Paul Krugman should moderate the debate.

The entire reason for the debate lies in Nouriel Roubini’s latest attack on Ethereum as well as the applications built on it. The economist who had predicted the 2008 financial crisis had stated during multiple interviews that Ethereum is a scam and that the entire cryptocurrency market will go ust soon as it holds not feasible value. He had elucidated:

“You know, there’s a lot of people [who] talk about their DApps or their distributed apps. 75 percent of those apps are what? CryptoKitties, Ponzi schemes and other pyramid schemes, and other casino games, like Las Vegas. So, after a decade, what does Ethereum have to show us? CryptoKitties and Ponzi schemes? And that’s what they’re doing? They’re not doing anything that is of any use to anybody.”

One of Ethereum’s biggest issue which has also been admitted by italic Buterin has the scalability problem and Roubini had made sure to point out this fact. He stated:

“So, it doesn’t have any functions [it] should have: It’s not scalable, it’s not secure, it’s not decentralized. So, what is it worth for? With Ethereum, you can do twenty five transactions per second; with Visa, you can do 25,000 transactions per second.