Tron has been one of the best coins of the year as far as actual development and adoption is concerned. It’s not just the coin but vision of Justin Sun has also played an important role in the coins progress. While the year is about the end, but Tron’s progress doesn’t seem to be stopping as now Tron has defeated Ethereum for the highest number of transactions in 24 hrs on Nov 9, 2018.
Tron taking Ethereum head on the race to the top
Tron has been scaling great heights this year especially after it moved on to its MainNet. The coin has also been challenging and in fact defeating Ethereum on various grounds. In another latest victory for Tron, Tron has broken Ethereum’s record for the highest number of transactions on Nov. 9, 2018. Till now, the highest number of 24h transactions of ETH recorded was 1,349,890, on Jan 4, 2018, while that of TRX was 1,367,488, on Nov 9, 2018.
The news was noticed when Misha Lederman, co-founder of IAmDecentralized.org, posted on his twitter giving out the statistics. His tweet read
It’s Official ✍🏽#TRON has broken #Ethereum‘s record for highest number of transactions on Nov 9, 2018
#ETH highest transaction volume recorded on Jan 4, 2018: 1,349,890 Txs 👇🏽#TRX highest transaction volume recorded on Nov 9, 2018: 1,367,488 Txs 💥#IAmDecentralized🖖🏽$TRX pic.twitter.com/qQaLwNf4YW
— Misha Lederman (@mishalederman) November 9, 2018
Tron has been scaling new heights as the team along with is a visionary leader, Justin Sun have been tirelessly working to win the spot that Ethereum has been holding for quite some time in the world of cryptocurrencies.
The news was also shared on Twitter by Justin Sun when he replied to Lederman saying that he doesn’t think Ethereum transaction volume will be able to catch up to Tron’s transaction volumes again
— Justin Sun (@justinsuntron) November 10, 2018
Just a few days back Tron has exceeded 1 million daily transactions while growing its total number of accounts and online nodes. The 11th largest cryptocurrency was seen on its way to surpass the combined daily transaction volume of top three cryptos i.e. Bitcoin (BTC), Ethereum (ETH), and XRP. Misha Lederman had, then as well, tweeted saying Tron had set a new record with 996,041 daily transactions on Nov 3
In October, the world’s 11th largest cryptocurrency (Tron TRX) had surpassed 2nd largest cryptocurrency Ethereum (ETH) in daily transactions as transactions on Tron network had reached nearly 600k. This was the first time Tron (TRX) has surpassed Ethereum (ETH) in daily transactions.
Not just daily transactions, Tron has been gaining meteoric heights in terms of a total number of accounts and block heights. In August Justin Sun of Tron informed the community that the total number of accounts on #TRON MainNet have exceeded 100 thousand and the block height has already reached 1100078 with 368 online nodes.
The way Tron is scaling new heights especially in its battle with Ethereum, Ethereum will soon have to find answers. If Ethereum’s problems continue to persist in no time it will have to lose its position to Tron.
Will Tron soon end Ethereum’s dominance? Do let us know your views on the same
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.