Tron Reaches 12 Million Smart Contracts Two Weeks After Launching The Protocol – The Next Milestone Is 50 Million Before 2018 Ends, Says Justin Sun
Justin Sun is counting Tron’s achievements, and his latest announcement brought a lot of excitement to the Tron enthusiasts.
Just two weeks after launching smart contract, Tron was able to hit and surpass 12 million smart contract triggers. Sun’s plans are quite bold as he hopes that by the end of 2018 to hit the target of 50 million.
Tron enthusiasts retweeted Sun’s latest announcement to show their support for the crypto and the company behind it.
Tron Smart Contract
Tron Smart Contract is a computer protocol via which are made possible the performance and verification of crypto transactions between two users in a particular condition.
The Smart Contract flaunts the scalability and effectiveness features, and these make the protocol one of the largest blockchain based OSs.
The smart contract is vital because it allows for the creation of dApps which are able to operate on the Tron blockchain.
— Justin Sun (@justinsuntron) November 8, 2018
Back in October Tron activated its Virtual Machine and Justin Sun tweeted back then, “Based on community consensus, #TRON will be upgrading to Odyssey 3.1 at 8 pm SGT. The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX.”
Three days later, the activation began after fixing a bunch of network issues.
Smart contracts are tools that are useful for developing a decentralized ecosystem that’s used for peer-to-peer transactions.
Introducing the smart contract protocol was a vital step because it allows Tron to take its place on a higher level, a level from which it can compete with Ethereum (not that it hasn’t competed with it before.)
Tron vs. Ethereum
Justin Sun has been competing Tron and Ethereum and has been proudly boasting the success of Tron.
— Justin Sun (@justinsuntron) November 5, 2018
That latest statistics confirm that Tron is surpassing other projects.
A few days ago, the network surpassed 1 million transactions per day and this means that Ethereum is used half as often as Tron, despite the fact that Sun’s project is younger.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.