Tron (TRX) has been making the headlines more often lately, thanks to Justin Sun. Recently, Justin Sun, the CEO and founder of Tron (TRX) – had a telephone interview with Investopedia. During the interview, Justin Sun said that the developer community of Tron (TRX) is more active and vibrant than the Ethereum (ETH) community.
Justin Sun was later asked to provide 5 notable reasons why he believes Tron (TRX) is better and superior to Ethereum (ETH). Sun said: “The Tron (TRX) Foundation focuses more on the importance of accessibility and they are fully dedicated and committed to the community. That is why he made sure they deliver their goals of being cheaper and faster than Ethereum. Providing an affordable and easy-to-use platform to their active community of talented developers.”
Ethereum Hackathon Proves Otherwise to Sun’s Statement
However, the recently held Ethereum Hackathon has proven otherwise to the statement of Justin Sun. Over 1,000 developers attended the recently concluded Ethereum hackathon that took place in San Francisco. They all gathered to create scaling solutions and application on Ethereum. The event also featured prominent executives in the crypto space such as Brayton Williams and Lindia Xie.
When it comes to network activities, user activities, number of Dapps, and transaction volume, Ethereum outperforms Tron (TRX) statistically. More transactions are even processed on Ethereum than Tron, according to Etherscan.io.
Tron (TRX) Claims Victory over Dash (DASH) and IOTA (MIOTA)
Over the weekend, Tron (TRX) claimed victory over Dash (DASH) and IOTA (MIOTA). Tron (TRX) surpassed the two digital currencies and took over the number 11th spot on the list of digital currencies by market cap. Tron (TRX) was initially at the number 13th spot, however, the recent developments around the coin resulted in a spike in its price. This resulted in an increase its market cap.
During Sun’s interview with Investopedia, he also said that Tron will reclaim its position in the list of top ten digital currencies. Justin Sun so much believes in the blockchain project, and he also has the backing of the Tron community.
Recently, at the launch of Tron (TRX) Odyssey 3.1 upgrade, Justin Sun said that TRX is 200 times faster than Ethereum and 100 times cheaper than EOS. However, there are lots of people that do not agree with the claims of the CEO. Tron (TRX) might be cheaper, but its claims of being more active than Ethereum is not entirely true.
Tron (TRX) Can Use BitTorrent as a Solid Ground to Compete with Ethereum (ETH)
Ethereum (ETH) surpasses Tron (TRX) in several ways. Tron (TRX) is far from catching up with Ethereum’s dominant smart contract protocol. However, there is a way for Tron (TRX) to compete with Ethereum. The recent acquisition of Tron (TRX) – BitTorrent, can help the blockchain project achieve this.
BitTorrent is the world’s biggest torrent client with over 100 million users. This gives Tron (TRX) a large market to target with its decentralized blockchain system. If Tron utilizes this very well, the blockchain project will find a real use case for its blockchain technology.
TRON (TRX) Price Today – TRX / USD
Tron (TRX) is currently worth $0.02559 after a decrease of about four percent over the past twenty-four hours. The current market cap of the digital currency is $1.68 billion and its trading volume over the past twenty-four hours is $214.03 million.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.