Tron Hikes 6% in Celebration of TVM launch & Surpassing ETH Transaction & Account Numbers

Tron has been an altcoin that has been continuously delivering on its roadmap. Every day there has been a built of some positive news and sentiment around the coin. Last 24 have been no different for TRX as the coin continues to deliver news positive for itself. The impact of this news is that the coin has rallied close to 6% in past 24 hours at the time of reporting.

Much awaited TVM official launched  

TRON held a global launching event for the TRON Virtual Machine (TVM) on August 30, 2018 (SGT), ushering in a new era with all the supporters and believers. Centered around the TRON ecosystem, the event officially launched the TVM, which is fully compatible with Ethereum, with faster speed, lower costs and easier operation on top of it.

The TVM is a lightweight, Turing complete virtual machine devised for the development of TRON’s ecosystem. The TVM aims at providing millions of global developers with a custom-built system for blockchain that is efficient, developer-friendly, stable, secure and easy to optimize.

In the event, Justin Sun said,

“The launch of the official version of the TVM means that TRON will start to transit from basic infrastructure building to the new stage of ecosystem expansion. We firmly believe that TRON’s development will bring a new breeze to the industry. We also believe that we can complete our mission of decentralizing the internet.”

A new era of application for TRON has arrived!

During the live stream, CTO Chen Zhiqiang claimed:

“we are finally embracing the milestone of TVM officially launched on MainNet，this is an exciting moment. Later Chen Zhiqiang depicted the calling procedure of full node and Tron network, providing the developers with a more comprehensive understanding towards the implementing process respectively, in order to develop their own TRON-based DAPP more effectively.”

Also, read: Tron [TRX] Raises 11% as Justin Releases a Series of Positive News

Tron expand network ecosystem, inches closer to Ethereum

In the event, Justin Sun, founder of TRON, shared some key data of the TRON Network over the past month. It’s reported that the total number of TRON accounts have reached 282,859, a 1431% increase compared to July 28, a 465,00% increase compared to June 25 when the TRON MainNet was launched. As of now, TRON account number is 11 times that of Ethereum (in a 2-month period post the MainNet launch), and has reached the same level of EOS. This is indeed a breakthrough for TRON.

In addition, TRON’s single-day transaction number peaked 416,497 in August, a 741% increase compared to that in July, a 13,565% increase in the 2-month period post the MainNet launch; compared with Ethereum in the same 2-month period after it launched its MainNet, the average daily transaction number of TRON is 19 times that of Ethereum. Besides, the peak number of TRON single-day transaction has reached 31% of that of Ethereum. The TRON ecosystem remains active with growing breakthroughs in key indexes.

Tron’s efforts have also been building a global community and extending its reach. And extending its reach are commendable The number of SR Candidates has jumped from 70 to over 100 over the last month. TRON’s community has also been growing. On Facebook, the total number of the followers of Justin Sun’s personal account and the TRON Foundation has reached nearly 1 million; TRX has continuously ranked №1 on Twitter’s discussions.

Tron definitely has given multiple reasons for its holders and community to cheer and its continuing to do so. The TVM that was considered to change the fortune for TRX is now launched and the network looks stronger than ever for more to grow. That’s the market too is rewarding the coin

Will TRX be able to break into top 5 cryptocurrencies soon? Do let us know your views on the same.