2018 has the year when most cryptocurrency projects have struggled in terms of price and project roadmap but there is one coin that has been able to defy the trend- Tron (TRX). The project has been delivering stellar results on its roadmap since its MainNet launch and in under 150 days it has been able to scale the block height of 4 million.
Tron just takes a month time to move from the block height of 3 million to 4 million.
Justin Sun took the twitter to announce that his blockchain project, The Tron, has scaled a block height of 4 million.
— Justin Sun (@justinsuntron) November 11, 2018
What astonishing is the project has just taken months since its own MainNet launch to achieve this relatively faster than many others. What even more stunning is the project has taken only a months’ time to scale its block height from 3 million to 4 million.
On 11th October, exactly a month back, Tron foundation had sent out a tweet mentioning that the Tron MainNet just took 109 days since its launch to achieve this feat
— TRON Foundation (@Tronfoundation) October 11, 2018
Tron is riding high on success since it launched it successfully launched its own MainNet
Tron had 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.
A couple of days back broke Ethereum’s record for the highest number of transactions in 24 hrs. On 9th November, Tron recorded 1,367,488 transactions compared to the previous record that Ethereum had held of 1,349,890, on which was on Jan 4, 2018.
Tron is eager to take the spot that Ethereum has held for quite some time in the world of cryptocurrencies and at the speed at which it is scaling new heights and the vision Justin Sun has for the project, it looks like it will just be a matter of days when Tron replaces Ethereum.
On the other hand, Ethereum that is struggling with its own set of problems will soon have to find answers
Will Tron soon displace Ethereum from its position in the crypto industry? Do let us know your views on the same
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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.