Tron beats Ethereum; surpasses the Vitalik Buterin-led cryptocurrency’s number of daily transactions

  • 01 July 2019, Monday, 08:30

Tron, the 11th largest cryptocurrency in the market, has been in the news multiple times recently because of the sheer number of updates and developments from the company. Justin Sun, Chief Executive Officer [CEO] of the Tron Foundation, has been one of the driving forces behind Tron’s momentous run, with the cryptocurrency beating out its competitors like Ethereum and EOS in several aspects.

The latest report showed that Tron had surpassed Ethereum in terms of the number of transactions. Tron clocked 486.475 million transactions on the TRX blockchain while Ethereum, its closest rival, recorded a close 485.993 million transactions on the ETH blockchain. According to Tronscan, maximum transactions per second was recorded to be 1,125,336, while the transactions on June 30 were clocked at a decent 3.232 million.

The charts from Tronscan also showed steady growth in the number of Tron addresses, going from 3142435 to 3228525. At the same time on Ethereum, the 14-day transaction history showed a sinusoidal movement, fluctuating between 685,958 transactions and 1.004 million. Tron was also in the news recently after Justin Sun shared the future roadmap for the Tron Foundation. He started by saying,

“In just nine months the team completed 22 updates of the Tron protocol. we have 3.1 million main net addresses and the process 1.5 million transactions requests a day.”

He followed it up by saying,

“We will be founders, builders, and evangelists for a decentralized autonomous ecosystem. As a decentralized and autonomous ecosystem, Tron has already incorporated our resolution into the genesis block.”

Ethereum, on the other hand, saw a drop in value after the bear returned to the cryptocurrency market. At press time, the Vitalik Buterin-led cryptocurrency had fallen by a significant 8.5 percent. This fall caused the cryptocurrency to trade at $294, with a market cap of $31 billion and a 24-hour trading volume of $10 billion.