Tron News Today – Headlines for November 5

  • Tron Foundation releases its weekly report
  • Tron losses its DApp dominance to EOS
  • Tron records considerable growth over the past week

Tron News Today – The Tron Foundation recently partnered with electronics giant – Samsung. This partnership seems to have given the Tron platform a significant boost. The latest weekly report of the Foundation detailed a series of developments in the ecosystem of Tron all through the week. The Foundation shared the weekly report of the ecosystem on Twitter.

Tron (TRX) Weekly Report

According to the report, the block height of Tron (TRX) exceeded 14.06 million. The total number of nodes on the network was at 946. Another significant progress on the network is the addition of new addresses on the network. Over 57,400 new addresses were added to the network, adding up to a total of 3,979,624 real-time accounts. The network recorded about 770 million transactions, with 16.17 million new transactions.

TRON (TRX) Price Today – TRX / USD

NamePrice
bitcoin
Bitcoin
$8,113.97-0.35%
tron
TRON
$0.017-2.95%

Tron Losses Its Dapp Dominance to EOS

In the decentralized application (DApp) ecosystem, Tron has been enjoying a considerable level of dominance. Nevertheless, recent data from DApp Review shows that EOS has surpassed Tron in the DApp space. Over the past seven days, in terms of users, EOS has been above Tron. Whereas, Ethereum is lagging far behind. However, despite the fall, Tron welcomed six new DApps into its network. The addition of these DApps pushed the total number of DApps on the network to 620.

However, many believe that this fall is temporary. Tron is one of the most active crypto projects in the crypto space. Tron is the go-to platform for many developers. The crypto project is more likely to reclaim its position in the short-term. Nevertheless, it would have to do that with a fight, as its rival would not give up its dominance without a fight.

Tron Latest Updates

The technical sector of the network upgraded twenty-seven Super Representatives to version 2.6.5. Furthermore, they also worked on the standards for HD wallets. They also optimized the Tron Virtual Machine (TVM) with regard to smart contracts. In addition, the Tron Foundation updated the community about its developmental plans for the coming weeks also. Some of the developments in the coming week include the testing of the refactored Tron Virtual Machine, work regarding the standards for Keystore, as well as the front-end development of the one-click blockchain deployment tool. The Tron network is making significant progress every week.

Furthermore, the weekly report from the Foundation also revealed that the native currency of the network – TRX – saw an increase of more than 46 percent over the past week.

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.

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