Tron [TRX] and its Chief Executive Officer [CEO] Justin Sun have been key proponents of pushing cryptocurrencies into the realm of mainstream adoption. This claim is supported by multiple updates and developments put out by the Tron roster, most of them leaning towards network upgrades and partnerships with other organizations.
The organization has also ensured that it stakes its place by bringing in Web 4.0, with the added advantage of topping its closest rivals, Ethereum [ETH] and EOS. Tronscan, an analysis tool that keeps tab on the Tron network, gave Tron another reason to rejoice after it stated that the block height on the Tron blockchain had increased again. Tronscan’s tweet read,
According to the latest data from #TRONSCAN, block height of TRON has exceeded 8.6 million on April 23. TRON ecosystem has developed rapidly and continues to make efforts to build the #decentralized internet. #TRON $TRX”
The block height jumped to 8,614,366, an increase of 614,366 in under 20 days. Tron’s block height had breached the 8 million mark on April 3. The new block height record was created when the number of online nodes was 1193 and the total number of accounts was at 2.61 million. Some users however, were not impressed with Tron’s latest announcement, a sentiment captured by Gareth David, a cryptocurrency enthusiast. He tweeted,
“The only problem is that the internet is technically a single network and while using the traditional form of internet, it will never really be decentralised.”
Tron was in the news recently after it was reported that the Tron blockchain occupied 2 percent of all existing Tether [USDT] supply. The news came after the USDT-TRX partnership went live on the Tron blockchain last week. Talking about the achievement, Sun announced that Tron will achieve 50 percent of USDT supply by the end of 2019, something that was not met with positive reactions in light of the falling prices and market cap.