Justin Sun, the founder and CEO of TRON network today trolled Ethereum over the ongoing network slow-down issue while quietly promoting his project, TRON network.
Sun Invites USDT Users from ETH to TRON Network
Ethereum has been in the news headlines for some time now due to its network congestion problem. However, the team behind Ethereum is currently working to improve network performance and reduce the transaction fees. CEO of the rival platform TRON didn’t consume a second to make hay while the sun shines.
Accordingly, Sun took to Twitter and invited all USDT users to migrate to TRON to achieve better user experience and faster transaction speed. He tweeted;
Further Sun shared a list of exchanges that are already supporting TRC20 based USDT – and few of these exchanges are – OKEx, bithumb, KuCoin, BITFINEX, POLONIEX and unlike. While CEO Sun is promoting the TRC20 based USDT, the crypto community seems to react negatively.
Few users are bashing Sun for the declining value of TRX, BTT – whereas others calling out Sun to stop the comparison between the two assets. It’s worth reminding that the Sun and Vitalik (the co-founder of Ethereum) has long been the duo in the crypto industry, specifically in terms of a battle between two networks, ETH and TRON. Having said that, Sun’s comment on Ethereum isn’t the new either.
Looking at the value of both the tokens, Ethereum is currently surging by 4.98 percent within the past 24 Hrs whereas TRON is rising with 3.60 percent respectively. Capturing the second-largest spot, ETH is holding the market capitalization of $23,618,988,833; on the other hand, TRON sits at the thirteenth largest spot with a market capitalization of $1,168,767,409.
Moreover, the picture behind the scene is quite different for Ethereum. As ETH fees caught very close to surpass to those paid on the Bitcoin network, the Ethereum co-founder recently confirmed that the testing to reduce the transaction fees and improve the network performance is currently in process.
Considerably, few are skeptical that the issue began with the USDT’s shifts from Bitcoin via the Omni Layer to the Ethereum blockchain – which eventually resulted in significant usage of Ethereum network.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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