Tron [TRX]’s dApphouse goes live, smart contracts enabled on Tronscan and more!

On 29th October, the Tron Foundation released the weekly report to capture its technical developments. The report included all the technical progress undergone by the coin in the past week from 20th October to 26th October. Here, some of the highlights from the update were dApp developments wherein the Transcan was stated to have launched the smart contracts feature.

Furthermore, the report also mentioned that dApphouse went live during the past week. Regarding the review and scheduling of the Bancor DEX, Tron conveyed that both the steps have been completed to give way to Bancor development. Tron is also working on its Android wallet that is believed to have reached half-way, according to the report.

The report also focused on Tron’s competition with the leading blockchain platform Ethereum, in terms of adoption. It stated that a blockchain media agency called Coincode published an article on Tron’s visible success over Ethereum last week, which was titled ‘TRON Overtook Ethereum’.

Earlier, Justin Sun, the CEO and Founder of the Tron Foundation also made an announcement regarding a future collaboration between Tron and Oracle blockchain. The report acknowledged this announcement and celebrated the fact in one of the points.

Beyond this, the Tron Weekly Report also talked about technical developments in depth and discussed several global and developer communities as well.

Despite the positivity surrounding the TRX ecosystem, the coin is showing a drop of 5.5% in its price. At the time of writing, Tron was trading at $0.0221 with a market cap $1.45 billion. The 24-hour volume of the cryptocurrency was recorded at $74.7 million.

However, Tron is not alone in this, as all the other cryptocurrencies in the market crashed to a massive scale within the span of an hour on 29th October.