- Tron will outperform Ethereum says a Bitcoin developer
- Ethereum set to step up its game with Ethereum 2.0
- Ethereum has more loyal followers than Tron (TRX)
Tron News Today – Udi Wertheimer – a Bitcoin developer – said that Tron would soon outperform Ethereum as the second-largest digital currency by market cap. Tron (TRX) is currently the 11th largest digital currency by market cap. The Tron network has been doing great over the past years, even though the performance of the crypto project has not been reflecting on the price of its native token.
Will Tron (TRX) Overtake Ethereum (ETH)?
In a recent tweet, Wertheimer said that Tron (TRX) will not necessarily overtake Ethereum in terms of price. However, he said that Tron would soon become a far more popular blockchain for individuals and firms that want to create decentralized apps (DApps). The Bitcoin developer is also confident that all this will happen within a year. In a tweet, he said:
“Watching Justin Sun TRON discussing TRON + Poloniex. Tron is so going to Flippen Ethereum in the next year or so, it’s not even funny. All of the DeFi bois don’t realize it yet, but they’re going to work for Justin when he acquires ConsenSys.”
TRON (TRX) Price Today – TRX / USD
As time goes by, the circumstances of digital currencies, as well as their underlying technology, tend to get old. Hence, the technology of newer or/and competing coins can easily outpace them. A great example is Bitcoin (BTC). As the largest digital currency by market cap, Bitcoin has been around for over 10 years and it is still widely used as a speculative tool. Many have refused to focus on altcoins but are ready to invest in Bitcoin just because of its size and age in the industry.
Nevertheless, as the digital currency has aged, it is sometimes outperformed by the technology of other competing digital currencies. For instance, EOS and Ethereum are generally known for fast transactions.
Ethereum brought a lot to the table in terms of new tokens, quick transactions, and decentralized applications. However, the network is beginning to suffer as of late. The network has been saturated and it is no longer scalable, according to Vitalik Buterin. This has resulted in high gas fees and delayed transaction times.
Ethereum Is Stepping Up Its Network
Ethereum wants to move to Proof of Stake module, known as Ethereum 2.0, which is likely to tackle all the issues on the network. Nevertheless, the fact is that Tron is still young to not need all these boosts to its network to outperform its predecessors, according to Wertheimer. In addition, Ethereum has many loyal followers. Some of them are even saying that Tron has a shady reputation, which gives it a false advantage over Ethereum.