While a lot of people are still trying to figure out the best crypto project for the future, Tron has given them a reason why it could be the best in years to come. According to the recent announcement, that featured on Tron Foundation’s twitter handle, stated that Tron MainNet has reached a new block height of 3 million blocks
Tron scales new block height and that too quickly
The tweet put up by Tron foundation also mentioned that the Tron MainNet just took 109 days since its launch to achieve this feat
— TRON Foundation (@Tronfoundation) October 11, 2018
Tron successfully launched its MainNet on May 31 and the process of migrating from the Ethereum network to its own blockchain began on June 21, 2018. The transition culminated on June 25th, 2018 — a date that Justin Sun, the founder of Tron, had dubbed as “Independence Day”. As the MainNet went live and the Genesis block propagated across the network, the crypto investor community started predicting Tron to be an “Ethereum killer”
While Tron has not disappointed the investors, what is astonishing about the project is that it has scaled new heights really quickly. The project currently sits on one of the largest communities in the crypto world and boasts to have over 100 million users.
Its been week after week Tron releases a new achievement, just making it better than its old and new competitors. Last week Tron CEO, Justin Sun had announced that the new update, Odyssey 3.1 will make it faster than Ethereum (ETH) and cheaper than EOS.
The official announcement by Sun on Twitter read:
“Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8 pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you!”
In early September, Tron had indicated its growth as well when Justin Sun in the TVM launch event gave some fantastic stats. He mentioned that the total number of TRON accounts have reached 282,859, a 1431% increase compared to July 28, a 465,00% increase compared to June 25 when the TRON MainNet was launched. TRON’s total account number was also 11 times that of Ethereum (in a 2-month period post the MainNet launch) and has already reached the same level of EOS.
Tron, in August, had also acquired the famed torrent Blockchain.org. Its vision with the domain was to build a one-stop aggregated data, search engine platform. According to Tron, the platform will offer big data analysis, project evaluation, information search, and other services for users in the blockchain field. Justin also invited and encouraged others in the industry to participate and build a platform to help the growth of blockchain industry.
With Tron making progress in every department of its roadmap, there is no doubt that TRX would definitely be an enviable coin soon. With increasing use case we can expect the price also to escalate the way the project, as a whole, is.
Will Tron price shoot up soon? 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.