TRX Surpassed ETH in Daily Transaction

By Chetna Phour

Tron (TRX), the 11th largest cryptocurrency in the world surpassed the 2nd largest cryptocurrency Ethereum (ETH) in the daily transaction. Yesterday the transactions on TRX network reached about 600k while ETH transactions were 599,354 to 565,71. 77% of the TRX transactions were from Smart Contracts.

Tron foundation was founded by Justin Sun in September 2017. Torn Foundation is based in Singapore. The cryptocurrency which is associated with the foundation is known as Tronix (TRX). Tron is one of the latest and most popular cryptocurrencies in the market. TRX aims at a picture which is very different from typical cryptocurrencies. Tron focuses on expanding the market decentralization of digital content applications by making it easy to create and deploy them. It works on the concept of decentralization and distributed storage technology. Content sharing will be performed via its peer-to-peer network and blockchain technology. Tron is the 11th largest cryptocurrency in the world by market capitalization.

Ethereum (ETH) is an open source, public; blockchain based distributed computing platform and operating system which is featuring smart contract functionality. Ethereum supports a modified version of Nakamoto consensus via transaction based state transactions. The cryptocurrency whose blockchain is generated by the Ethereum platform is known as Ether. Ethereum was proposed in 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. In 2014 the development of Ethereum was founded by an online crowdsale. In 2015 the system went live with 72 million premined coins. Ethereum is the second largest cryptocurrency in the world by market capitalization after Bitcoin.

Yesterday first-time TRX surpassed ETH in the daily transaction, and the founder and Chief Executive Officer of TRX, Justin Sun choose Twitter to announce the achievement. Justin Sun tweeted that

“It is the first time that #TRON has surpassed #Ethereum in the daily transaction. #TRX 599354 vs. #ETH 565791 in October 18th. It’s just the beginning!”

On the event, Tron enthusiasts said that “TRON is starting to deliver. Next bull run and 30 cents will look like peanuts.”

Ethereum has a long run history while TRX has just begun a new story. Before making any decision, it will be better to wait a bit more. Right now the sentiments for TRX are bullish.

On the event, Justin Sun said that

“Regardless of people’s views, for me, this is great news and shows how far TRON has come in such a short time. More importantly, dapps with use are being used… Tron will be big in a few years.”