Justin Sun Claims the TRON Blockchain Is 80 Times Faster Than Ethereum
Justin Sun, the CEO of TRON (TRX), shared this week via Twitter that the TRON blockchain is 80 times faster than Ethereum (ETH).
TRON is 80 times faster than Ethereum. With 14 years of experience, @BitTorrent is providing a world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world! #TRONBT $TRX pic.twitter.com/EsQd34Vq4u
— Justin Sun (@justinsuntron) July 27, 2018
TRON claims it has achieved 12,000 transactions per second (TPS), far exceeding Ethereum’s current rate of 15 to 20. TRON’s TPS upside is due to the nature of its consensus model, which leverages a group of elected individuals and companies called “super representatives.” In this TPOS model, these representatives function as the chain’s nodes to create network blocks and validate transactions in exchange for a significant daily reward in TRX.
For further comparison, Stellar (XLM) currently supports 3,000 TPS while NEO (NEO), widely viewed as the Chinese Ethereum, has hit as high as 1,000 TPS. Notably, NEO stated earlier this year that it plans to achieve 100,000 TPS without the use of sharding by 2020.
Ethereum and TRON are currently ranked 2nd and 10th, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. TRON’s mainnet went live in late June, moving away from its previous home on the Ethereum blockchain.
More: Justin Sun Tweet
Interesting: BitTorrent Declares TRON Super Representative Candidacy After Acquisition
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.
