Tron has been redefining the history of blockchain in 2018. The token is yet to recover from the market crash that has been crippling cryptos this year. At the time of writing TRX is trading at $0.014 and is up 2.51% in the last 24 hours. The asset is holding tight to the 11th position with a market capitalization of $936 million. The asset is aiming to become a top digital asset in the market.
Tron (TRX) in 2018
Tron embarked on development this year with the Foundation announcing countless partnership and product releases starting with the testnet that led to the launch of the capable Tron mainnet. Moreover, there was a successful token swap alongside the token burn. The network managed to elect its Super Representatives (SR). The groundbreaking deal where Bittorrent was acquired took the industry by surprise as Tron became the largest decentralized blockchain in the world. If that is not enough, the Tron Foundation announced the Project Atlas (still in development). All these developments are only but a glance of what Tron has been up to in 2018.
In the period following the release of the mainnet, the network has witnessed tremendous growth in its ecosystem. This growth is mainly fueled the constantly growing number of decentralized applications (dApps). The development community has been very receptive to Tron blockchain supported by the Tron Virtual Machine (TVM) and other developer focused products like the TRONBOX. Tron’s mission is to become the largest decentralized network while decentralizing the internet, at the same time, changing the entertainment industry positively.
Tron daily transactions surge
The founder of Tron, Justin Sun took to Twitter yesterday letting the community and the industry at large that the network had achieved yet another milestone. The announced posted on Sun’s Twitter account comes shortly after the announcement of Tron Arcade, a gaming platform that will see Tron enter the rapidly growing gaming industry.
In November, Tron daily transactions crossed the 1 million mark, more than doubling those of Ethereum (ETH). However, Sun told his followers yesterday that the network is “writing blockchain history” after it crossed the 2 million mark in terms of transactions. Besides, there are more than 700,000 accounts that have been registered with the network. The bullish Justin Sun told the community that this was only the beginning as the network expects to release more amazing news starting with the Tron’s initial event, niTron 2019.
Ethereum has been the number one crypto project when it comes to smart contracts and other decentralized applications. However, the entrance of Tron in this category of the blockchain technology, is literally giving Tron a run for its money. Sun has been very bullish that Tron will surpass Ethereum to become the leading platform for dApps and smart contracts. It gets better for Tron as the TVM is seamlessly compatible with Ethereum Virtual Machine. This allows developers to swap their products and continue building them on TVM at a very minimal cost.
Tron future is bright and according to Sun, he expects the protocol to be 200X faster that ETH. He also sees Tron achieving more than 2,000 transactions per second (TPS). In the meantime, the network development team is focused on Project Atlas and growing the base for dApps creation and support. Although, price wise, Tron (TRX) is performing poorly, it is evident that the project has one of the brightest futures in the industry. Indeed, Tron is bigger and better!