The outspoken CEO of Tron, Justin Sun has called on developers on the Ethereum blockchain to trade places for his Tron blockchain which according to him is better.
In a recent tweet, Sun listed a couple of advantages he claimed Tron had over Ethereum platform for developers of decentralized apps (DApps) and smart contracts.
“In bear market, #Ethereum developers should migrate your token to #TRON immediately. 1. 0 transaction fee, no gas in #TRX. 2. Compatible to #ETH, 0 migration cost. 3. 2000 TPS. 4. #TRON dex listing. You can easily increase your token value 100% with High liquidity.”
The remarks comes at a time the ethereum community is suffering from a terrible bear market that has particularly decimated ETH price. ETH, which is currently trading at about $120 has lost about 90 percent of its price from the all-time high in January. This price slump which ultimately saw it lose its position as the second largest cryptocurrency by market capitalization has been attributed to the sell-off of ETH tokens raised on the platform by Initial Coin Offerings (ICOs).
Ethereum established itself as the go-to platform for developers who seek to create decentralized apps and deploy smart contracts. Several projects including Tron [TRX] launched on the network, issued ethereum-based tokens and conducted crowdfunding using ethereum’s native ETH token.
But, things have changed rather quickly as several platforms have come out claiming to be better platforms for DApps and smart contract thereby encroaching into a market that was almost monopolized by Ethereum. These so-called ‘ethereum killer’ seek to solve certain problems that have plagued the ethereum blockchain thereby providing more functionality and efficiency for DApps. Tron, in particular, has constantly weighted itself against Ethereum as Justin Sun have taken any opportunity to highlight areas such as transaction speed, transaction cost and scalability where he believes Tron surpasses Ethereum.
Ethereum, however, has maintained the largest number of dedicated developers creating solutions on its platform. The annual conference of these developers, the DevCon conference has focused on finding solutions to the scalability issues that limit the development of large-scale applications on the network. As Smartereum reported, minutes from the latest DevCon showed deliberations about Ethereum 1x and Ethereum 2.0 upgrades meant to address scalability concerns.
Sun’s appeal to ethereum developers is one in a long series critical remarks against ethereum which has seen him fall foul of Ethereum’s co-creator Vitalik Buterin who once called out Sun for alleged Plagiarism in Tron’s whitepaper.
In a related development, a cryptocurrency and blockchain commentator Kevin Rooke noted that EOS and Tron have overtaken Ethereum as the platforms hosting the most used DApps. In his tweet, he revealed that EOS had 12,382 users, TRON 2,578 and Ethereum 2,133 users citing data from DApp tracking site DApp Radar. The platforms were managed daily transaction volumes of $1.4 million, $5.5 million, and $461,000 respectively.
Further probing shows that Ethereum’s most-used DApp, IDEX had 875 users and managed 2,622 ETH (or $312,018) whereas EOS top DApp had 5,683 users and processed 152,514 EOS ($474,318) and TronBet had 1,488 users with $3,056,002 transaction volume in the last 24 hours.
As Ethereum grapples with the challenges facing it, alternative DApp platforms like Tron and EOS have made significant strides in not only attracting developers but DApp users as well. Recently Tron Foundation launched an accelerator program worth $1 million for DApp developers on the Tron network in a bid to encourage consumer adoption of blockchain technology through its ecosystem.