The battle of blockchain protocols is heating up, and as a result, investors as well as dApp (decentralized application) users are trying everything to figure out the industry which players are likely to win the battle.
We’re nowhere near mass adoption yet, but decentralized networks are doing much more than expectations. For instance, Tron network is pulling together all aspects to make it thrive, and interestingly, it’s now superior to its all-time rival Buterin’s Ethereum.
Has the Pendulum Shifted?
In the crypto space, for investors, nothing is sweeter than a productive rivalry. The dApp race heats up each day, and Ethereum alongside Tron mainly dominates the stage. The competition between them is no longer a secret, and seeing them go head-to-head is good news for investors and users alike.
However, it may not turn out to be good news for the loser. Ethereum has been entitled of the bragging rights for some time, but now it looks like the pendulum has already taken a shift, and it’s Tron (TRX) which is now smiling.
How is Tron Superior?
Ideally, it’s not a walk in the park to dethrone Ethereum. However, now that it has already happened, the question has to be, how did Tron do it? Or where is Tron doing right?
Tron is a blockchain platform which allows users to develop, deploy, and store their smart contracts as well as decentralized applications. Also, it facilitates publishing content and data. Besides, it ensures plenty of apps and use cases for the blockchain – and the native token, TRX.
So, where is Tron winning?
Mr. Gordon, who happens to be a fintech analyst with over twenty years of experience, shared a video on Twitter recently that pretty much nails it in explaining how the Sun-led blockchain is superior to Ethereum now.
— Mr Gordon (@MrGordon_uk) July 1, 2019
Tron is growing fast enough that it already passed Ethereum transactions. Tron now has about 486,475,619 transactions compared to Ethereum’s 485,993,223. Given the rate of Tron growth, it’s clear that the numbers will only get better.
In mid-March, Tron’s daily transactions volume went past $100 million, which represented twice the sum of its rivals. Moreover, in terms of dApps, Tron is way far ahead of Ethereum and EOS. It’s only the other day that Ethereum recorded 1 million TX daily, whereas Tron boasts almost 2 million daily transactions on average.
The distance between Ethereum and Tron is now getting clear, perhaps because of greater diffusion as well as the low costs that the Sun-led cryptocurrency poses compared to Ethereum. Currently, Tron records 500 dApps in total, and more than 16,000 active users daily.
The mastermind behind the rapid growth of Tron is the developments it has been making such as partnerships and acquisitions like CoinPlay.
Ethereum is an excellent project, and no one should forget that Tron itself started its life via Eth, but with the time, Ethereum needs to move fast to stay in the competition.
Nevertheless, TRX has outnumbered ETH in many areas starting from community, dApp revenue, speed, and the consensus method. Hate it or love it, Tron is surely winning dApps war hands down.
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.