Earlier this week, the Tron Foundation released a video on its official YouTube channel that conveyed all the recent updates and developments in the TRX ecosystem. In a community gathering, the Founder of Tron, Justin Sun spoke about the achievements of Tron in terms of the number of transactions and adoption and drew several comparisons with other big cryptocurrencies.
Sun mentioned that the total number of accounts of Tron is 13 times higher than that of Ethereum [ETH], the 2nd largest cryptocurrency in the world. According to CoinMarketCap, TRX sits at the 13th position in the cryptocurrency rankings currently.
Next, he stated that the peak number of single day transaction volume is 49 times higher than that of Ethereum in the same period. More so, the average daily transaction volume is 29 times higher than that of Ethereum in the same period.
The Founder also compared Tron and EOS, stating that his coin’s total number of accounts is 20% more than that of EOS.
Later in the video, Sun gave the updates in the upcoming days. As per Sun, 8th October will see an update of all the SRs [Super Representatives] to a newer version, i.e., 3.1.1. The proposal is agreed by over 2/3rd of SRs. Furthermore, TVM [Tron Virtual Machine] will be officially activated that day.
Coming to the coin burn, he said that the 5th batch of the coin burn is finished and 98.01% of ERC20 tokens have been burned, including the previous coin-burns.
Earlier this year, it was reported that BitTorrent, a peer-to-peer file sharing protocol over the internet was acquired by Justin Sun. Regarding this, Sun gave updates to the community and stated that the strength of the BitTorrent team has continued to grow with several members joining the show. He believes that this factor will be a massive contributor to both, Tron and BitTorrent in the foreseeable future.
Lastly, Sun talked about the exchanges that have recently listed Tron. Some of them are Bittrex [TRX/USD], BitBay, Binance [TRX/BNB] and Bithumb, who recently completed the TRX migration. Other exchanges that trade TRX are Abra, KuCoin, Exodus, Cobinhood, Bibox and more.