Tron [TRX]’s Justin Sun updates the community on Tron’s progress

On 30th August 2018, Justin Sun, the CEO and Founder of Tron Foundation, updated the Tron community on the progress of Tron over the past few months during the Tron Virtual Machine Launch.

The CEO of the Foundation stated that the Tron network has high performance and usability. He said that after the MainNet launch, the Tron Network has proven to be one of the largest decentralized networks in the world as the network accounts and daily transfer has witnessed a significant growth.

Today, the total number of accounts on the Tron network was 383,589. This means that the network has seen a growth of 1431% when compared to 30th July 2018. When compared to the number of accounts which was on the network at the time of the MainNet launch, the network has seen an increase of 46500% account numbers.

Moreover, at present, the network account has witnessed a significant growth over the past 2 months when compared to Ethereum’s accounts. The Tron network accounts are 11 times more than the network accounts of Ethereum.

The CEO of the Foundation further stated that at present, the network accounts is on par with the network account of EOS. Justin further added that they will surpass EOS in terms of account numbers by the end of Q3.

Along with the rise of the network account, there has been a significant rise in daily transactions. On 20th August, the single day transaction on the Tron network reached its highest mark i.e. 416,497. The network has witnessed a growth of 741% since 25th July. In addition, the single day transaction has seen a growth of more than 13,565% since the MainNet Launch. This means that the single day transaction peak is 46 times of Ethereum’s single day transaction in the past 2 months alone.

The Founder of Tron Foundation said:

“Currently, Tron networks single day transaction peak has reached 31% of that of Ethereum.”

Justin spoke about the beta version of the Tron Virtual Machine, which was launched on 30th July 2018. He stated that the first version of the TVM has been developed and at present, it has entered the online deployment phase.