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Is TRON More Trustworthy Than Ethereum

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James Donald
Is TRON More Trustworthy Than Ethereum

 

TRON was launched around three years ago in the market. It is giving stiff competition to Ethereum in the Dapps segment. It has overtaken Ethereum by having more active users on its blockchain network. TRON mainly caters to the gaming, gambling, and high-risk industries. It has crossed a whopping 10 million users on its blockchain network. 

Analyzing If TRON Will Surpass Ethereum in the Future 

  • It is the driving force behind the ambitious project of a decentralized internet protocol where entertainment content can be stored directly on the blockchain without any centralized servers.  
  • TRON’s cryptocurrency is cheaper and supports a more extensive network than Ethereum. 
  • Just like Ethereum Virtual Machine (EVM), TRON has come out with its own TRON Virtual Machine and built tools such as TRON Scan on it. 
  • TRON trails Ethereum in market capitalization as it is worth $1.82 billion compared to Ethereum’s $44.5 billion. 
  • Currently, TRON is planning to dominate the DeFi market in which Ethereum is supporting a lot of projects such as Uniswap and JustSwap. 
  • It has a higher transaction processing speed and a lower transaction fee than Ethereum.
  • In May 2020, Justin Sun, the founder of TRON announced the creation of TRON 4.0 where an internal economy will be established for users to build their currencies and integrate gaming within the blockchain. 
  • TRON has more blocks and has numerous use-cases than Ethereum with a proven record of being resistant to censorship so far. 
  • TRX (Tronix) the cryptocurrency of TRON has greater scalability as it can handle a larger flow of transactions (at 1500 TPS per chain) than Ethereum. 
  • It has also acquired popular applications such as BitTorrent, a file-sharing service and plans to use it for improving its storage facilities along with distributing and streaming content. 
  • While TRON is making rapid strides with every passing day, Ethereum is suffering from some scalability issues as its latest hard fork update was delayed. 

While Ethereum is countering TRON through its PoS Casper release and Sharding release for reducing energy consumption and processing more transactions, TRON will continue to grow faster and can overtake Ethereum in the future if it keeps up with the scalability demands of a global blockchain network.

Source - Launch Your Tron Token 

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James Donald
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