When Ethereum (ETH) emerged in the digital currency space, the blockchain project changed the attention of developers from digital currencies to the blockchain. Since then, the blockchain space has been highly competitive. A lot of projects have now emerged and they have been competing among themselves. They are all on the battle of getting the attention of decentralized app developers and bringing them under their fold. This is what Tron aims to achieve after the Tron Mainnet launch and Tron BitTorrent acquisition.
Ethereum is the first Dapp-focused blockchain project. While it may be the first, it is not the only project to do so in the crypto space. The blockchain project has seen rivalries such as Tron, EOS, Cardano, and NEO. They all aim to make their platform more attractive to Dapp developers. EOS is also in this line, aiming to get more developers with EOS airdrop.
Gambling Dapps Are More Attractive
After the Tron Mainnet launch and the Tron BitTorrent acquisition, Tron Dapps have been growing at an enormous rate. All these blockchain projects have their visions of what this tech should be like. Digital asset investors and the community have started rating the success of these platforms based on the number of Dapps they have. They also judge base on the popularity of these Dapps.
There are different types of decentralized applications out there. However, the ones attracting the most attention are gambling applications. This is where Tron and EOS tend to dominate. According to data from DappRadar, the majority of gamblers and now leaving the dapps of Ethereum to Tron dapps and EOS dapps. Ethereum Dapp gamblers have noticed that Tron dapps and EOS dapps have more attractive offers.
Tron Dapps Account for the Majority of Its Transactions
DappRadar is a service that keeps track of usage and activity of decentralized applications across the most popular Dapp-focused blockchain platforms. Data released by DappRadar revealed that in late January, only two percent of all the transaction volume of Ethereum came from gambling dapps. Whereas, the transaction volume of EOS that came from its gambling dapps was an enormous 70 percent. Nevertheless, both platforms are not even close to Tron. About 95 percent of the transaction volume on Tron Mainnet came from its gambling dapps.
Out of the twenty-five most popular Ethereum dapps, only two seems to be gambling dapps. Whereas, over 50 percent of them are gaming dapps. The situation is totally different when it comes to Tron dapps and EOS dapps. The majority of dapps on the EOS and Tron platform are tagged either as gambling or high risk. Among the twenty-five most popular Tron dapps, only seven are not tagged high risk or related to gambling.
Ethereum uses a Proof of Work consensus protocol that attracts transaction fees. The transaction fees are later used to reward network participants. Whereas, EOS uses DPoS. This means that the blockchain does not attach fees to transactions. So Ethereum transactions are free. This is the fundamental reason why those that make huge numbers of transactions through gambling apps are migrating to EOS gambling dapps.
TRON (TRX) Price Today – TRX / USD
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At the time of writing, Tron price is $0.0236 after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $1.57 billion. The trading volume of the digital currency over the past twenty-four hours is $182.67 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.
