The battle for supremacy to be the best smart contract platform in the world, Tron (TRX) and Ethereum (ETH) is making the cryptocurrency world better. This is the stance of one of the Reddit users on the recent jibe taken by Tron Foundation’s CEO and Tron founder, Justin Sun towards Ethereum blockchain on Twitter.
Justin is well known for his marketing abilities especially on social media and passion in his project as he continues to compete with the current largest smart contract platform. One of Ethereum’s avid developers on Twitter, Afri Schoedon wrote,
“Please stop deploying d-apps to Ethereum. We are running at capacity.”– @Schdn on Twitter
In a quoted reply, Justin followed up the tweet urging developers around the world to ditch the Ethereum smart contract platform to join the Tron blockchain. Given Tron’s blockchain transacts at speeds a hundred times faster than its competition, Ethereum, developers should start migration.
“Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX” – Justin Sun on Twitter
However, to defend the Ethereum platform from false calls, Vitalik Buterin, the founder of Ethereum denied Afri’s statements about Ethereum scalability issues saying,
“Disagree. Most dapps have lots of room to gas-optimize, and even if *you* don’t your dapp running raises gas fees and pressures *others* to gas-optimize. There’s *plenty* of low-value spam on chain. And everyone should be looking into layer-2 solutions,” –Vitalik Buterin tweeted.
He further stated,
“And there are layer 2’s without data availability tradeoffs or liveness requirements, eg. tx mass-validation via ZK-SNARKs can reduce costs to < 1000 gas per tx if done well. That’s ~500 tx/sec on-chain with all the security guarantees of on-chain.”
Tron (TRX) vs Ethereum (ETH): Price Analysis
Tron has an upper hand on the development of its platform as well as the transaction speeds and fees involved on the blockchain. However, in the past few days, Ethereum has been one of the top performing tokens across the top 100 crypto coins in terms of returns as the market rebounded to above $220 billion USD mark in total market cap.
Ethereum (ETH) is currently trading at $234 USD across major exchanges as the coin continues its impressive weekly run. ETH has suffered major criticism during the year as most of the blockchain 3.0 platforms including Stellar, Cardano and Tron are in line to take over as the largest smart contract platform. However, the recent spike in price, 20% in a fortnight has put doubters aside as it became the coin with the highest returns in the top 10 during the period. Ethereum currently holds the second position after shortly dropping to third after Ripple’s (XRP) magnificent 80% increase in a day. The market capitalization of ether stands at
Tron (TRX) has also had a productive few days after a bearish momentum on its markets since June after the TRON mainnet launch. The TRX token currently ranks 13th on the Coinmarketcap rank with a total market cap of $1,480,675,740 USD. This follows a 5.72% drop in price in the last 24 hours to trade at $0.022520 USD across major exchanges.