Per a recent tweet by TRON Founder, Justin Sun, the total number of accounts on TRON mainnet are now more than 3.5 Million. Also, the block height has reached 11944687 with a total of 1073 nodes.
A part of the crypto community expressed their enthusiasm by congratulating Justin Sun on the development. On the other hand, some were not impressed by the numbers and felt that 1073 nodes is a small number when compared to Ethereum.
In a recent interview, Justin Sun claimed that TRON will soon pave its way back to the top 10 cryptocurrencies. Also, on August 10th, the 1.0 version of the SUN network was launched via his Weibo handle. The network highlights the usage of the dApp chain smart contract as a potent scalability solution. With that being said, this development can bring forth a surge in TRX’s price.
The TRON mainnet inherently can be connected with multiple side chains. Moreover, the TPS of the ecosystem will increase every time a side chain is added. With the implementation of the 1.0 version, scalability of 2000 TPS can be achieved. Most importantly, it will guarantee user asset security.
Advantages Of The SUN Network
The SUN network supports smart contract transactions while scaling the Mainnet’s transactions. Also, its side chain can be customized as per the requirements from the developer community.
If we take a look at the consumers, they are also in for many benefits. The network will provide a higher ceiling of free energy. Thus, users need not worry about the cost of calling smart contracts when playing games.
The previous week DApp Review, a leading on-chain data analytics firm, tweeted its findings. Per the information, TRON(TRX) has secured the top place in regards to 24-hour trade volume in its decentralized applications (DApps).
Undoubtedly, TRON(TRX) continues to enthral developers and users, displaying exponential growth. While the technology and applications still need to match their pace with decentralized technologies, TRON smart contracts are streamlining the transition from centralized platforms to a distributed system.
However, in the ever-evolving crypto market, unpredictability rules the charts. Will TRX secure its place in the top 10 cryptocurrencies? Only time will tell.
At press time, TRON is trading at $0.018117 with a noted increase of 7.03% in the last 24 hours.
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Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.