The often controversial project TRON has set itself the task of offering competition to Ethereum and to develop an ecosystem that wants to overtake the archenemy in all areas. The founder of TRON has announced that TRON recorded more than one million transactions in a single day for the first time. TRON is one of the youngest but most ambitious companies in the crypto market.
TRON CEO Justin Sun told his community on Twitter that TRON has reached another milestone: 1 million transactions in a single day. For the first time, TRON records more transactions than Ethereum. It should be noted, however, that there are many other important parameters to measure the actual success of a cryptographic project.
Industry experts are currently discussing where this rapid increase and increase in volume within the TRON network is coming from. An important factor, however, seems to be the acquisition of BitTorrent, which has contributed significantly to this positive development with an active customer base of more than 100 million users.
TRON bought BitTorrent for whopping $ 140 million in July after rumors had been circulating since the beginning of the year. BitTorrent is one of the largest file-sharing networks in the world and is said to have processed up to 40% of the total internet traffic. Above all, Justin Sun justified the purchase of the platform by saying that the TRON Foundation will use the underlying peer-to-peer protocol to make the Internet more decentralized and exploit the full potential of this technology.
Importantly, the Atlas project will see BitTorrent connect to TRON’s blockchain in a number of protocol extensions. For this, BitTorrent has integrated the TRX token into the network to create an incentive system for the use of the ecosystem. Users receive a reward when they provide greater computing power to the network, providing added value for all actors involved.
TRON is a broad-based project that not only wants to provide an alternative to fiat money, but also provides a platform for developing distributed applications. Whether or not Ethereum can eventually run out of rank must be awaited.