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Tron Transcends to New Heights With 800 Million Transactions

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In a very short period, Tron has transcended in the crypto industry, dominating every sphere within its reach including the DApp space.

Misha Lederman, Tron Foundation cheerleader and CCO of BeatzCoin of announced on twitter that Tron has surpassed 800 million transactions the first time since its inception. Further, Misha enthusiastically informed that they have achieved this significant milestone in a very short time without any security breaches, hacks or congestions.

Lederman also remarked that Tron executed 51k transactions every few minutes while Facebook’s Libra processed 51k transactions in two months period during its testnet metrics. He further added that Tron transactions have even overtaken Bitcoin and Ethereum with $475 million and $584 million, respectively.

Tron’s Massive Success:

Tron has many reasons to celebrate. It has reached new highs in several terms.

  • Tron even has managed to exceed the block height of 14.48 million with nodes summing up to 973.
  • 58,989 new addresses have been added over the past week, taking the total account count to 4,114, 560.
  • Tron has also noted 9.63 million transactions in a single last week.
  • The dApp count has increased by 5 in last week and has reached to 628.
  • The number of active users has reached to 351,300 and number of transactions recorded were 6.04 million
  • In terms of volumes, the trade saw new heights of $30.81million.
  • Tron’s latest venture Super Representative program (SR) has been gaining a tremendous response from top exchanges, including Binance, Poloniex, Huobi, and HitBTC.

Tron:

Tron is a blockchain-based platform that was incepted in September 2017 in Singapore by Tron Foundation. It is a token network that is similar to Ethereum in design, but differs in the Consensus mechanism and has a highly active network like EOS. Under the leadership of Justin Sun, Tron aims to develop a global digital content entertainment system with decentralized storage technology to share the content at minimum cost.

Source: cryptonewsz

Tron

Pornhub Adds Tether (USDT) to Its Payment Options via TRON Wallet after PayPal Pull-Out

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Pornhub is expanding the range of payment options for the users of the website. One of the new options is a cryptocurrency – Tether (USDT).

Tether (USDT) now joins Pornhub payment options along with Cosmo Payments which is a global payment processing app. Plus all that, the popular porn site added a direct deposit option for Australia and Puerto Rico. 

Pornhub is known as the company which likes to experiment in terms of payment options for their models. Of course, it’s not something out of thin air, mainly it’s because they have no other options. Pornhub had talked about accepting many cryptocurrencies in the past, with Zcash (ZEC) and Tron (TRX) being a couple of them. While these two never made it to the actual website, Verge (XVG) did. Now, ever since April 2018, it is one of the top payment options on Pornhub.

Additionally, in November 2019, PayPal decided to end all relationships with Pronhub and cut off its payment services. This, of course, fundamentally changed the way and manner in which the performers were able to receive their funds.

“Since PayPal’s decision to stop payouts to thousands of Models two months ago, we’ve been hustling to start the new year on a good note and offer you more options to make things a little easier,” wrote Pornhub in their blogpost.

This significantly affected ei

ther the community and the price of Verge as many models turned to a more decentralized payment option. Also, back then the price of XVG jumped more than 40%.

Now USDT joins Pornhub with the help of Tron Foundation. Why Tron? Well, Tether uses the TRONLink wallet for transacting USDT. Previously we reported that Tron partnered with Tether to launch the stablecoin on the Tron blockchain. It’s an effort to pursue the launch of the dollar-pegged USDT stablecoin as a TRC-20 token. The Tron blockchain uses a technical standard – TRC-20 which is similar to and compatible with Ethereum’s ERC-20 standard.

Pornhub writes that USDT transactions “can be done globally within a few seconds and there are no fees”. Next, they step-by-step explain how to use the TRONLink wallet and how to transact USDT on it. Also, Justin Sun took it to Twitter and urged everyone “to stop what they’re doing” on Pornhub.

Many replies to Justin’s tweet seem rather disappointing. The community feels like it’s a bad idea to be associated with the porn industry and implies that Porn is free. They don’t understand why would somebody use these payment options to pay individual models. 

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TRON Gains And Is Now Second Biggest Dapp Ecosystem

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  • Defi apps have seen growth and usage that is nothing short of impressive. The hype attributed to gambling apps is now threadbare.
  • Ethereum is the #1 choice for anyone interested in financial dapps. Tron now about high-risk dapp and gambling.

In 2019, the number of dapps users experienced a boost of massive proportions. The 2019 Annual Dapp Market Report states that total dapp users doubled in 2019 when compared to 2018. More, new users to the tune of 2.77 million were added, but that has not translated to much increase in the number of active users, with just 11% of users being active on the platform. The report also states that of the nine biggest blockchains with 3.26 billion transactions, over 2.3 billion of that could be traced to EIDOS.

According to the aforementioned report, financial services such as lending apps recorded some impressive growth. Notably, the total number of users climbed by 610%, with the transaction volume recording a growth of 251%. DeFi dapps were the second biggest category, with more than a million active users.

Gambling users saw an increase of 372%, which is identical to the increase in high-risk users. They, however, had weakened investment and presale hype, with their overall volume dropping by a significant 60% when compared to the same period in 2018.

Gamers and Ethereum

Ethereum remained the preferred choice for smart contract platforms. It oversaw the launch of around 600 new dapps and had more than 1.4 million users who were active all year long. This accounted for 10% of all active users. The

year also saw use of the platform drop by 62%.

From the available evidence, it appears that around half of the active Ethereum dapp clients utilized DeFi apps. Ethereum also maintained its popularity among gamers and gaming developers, with more than 200 thousand such fellows utilizing it.

Gambling Ascends The Tron

Tron closely follows the footsteps of Ethereum and has the second biggest dapp ecosystem. Around 411 new apps were constructed last year that made use of this blockchain. TRON’s mainnet accounts have witnessed significant growth and there are almost 3.5 million new accounts that have been created primarily due to its partnerships with significant corporate entities like Opera and Samsung.

The Tron-based USDT has also been issued, quickly ascending past $900 million, thereby consisting of around 20% of all USDT. Most people on the TRON platform are gamblers and users of high-risk apps.

EOS And EIDOS

Only 260 new dapps have been created on EOS, but they are responsible for generating a volume of around $5 billion. This is almost 50% of the whole volume and is more than what was recorded by Tron and Ethereum. The activity percentage on EOS is also more than all platforms, with 97% being recorded at one point.

EOS saw a number of launches, with EIDOS being the most important. This launch triggered a 4X increase in the number of transactions. Before this launch, EOS had the biggest number of users who were active daily. This however decreased by 80% once EIDOS launched and began operations. While constituting a distinct minority, EIDOS users were responsible for generating a greater majority of all transactions.

The EOS ecosystem also experienced a great loss in the fourth quarter of 2019 when dapps like EOSbet, Karma, and Prospectors, which were among the most active migrated to Wax Blockchain.

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Apple Legend Steve Wozniak Meets With Tron (TRX) Founder Justin Sun

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The legendary co-founder of Apple, Steve Wozniak, sat down for lunch with Tron creator Justin Sun.

The two met at Mandarin Gourmet in Cupertino, California on Tuesday. Wozniak posted the news via Twitter, joking that he didn’t charge Sun for the meeting.

“Lunch with Justin Sun for free! (He paid for lunch with Warren Buffett)”

Neither Wozniak nor Sun divulged any specifics on what was discussed. However, Sun is launching one of his trademark pre-announcement announcements, and says a partnership is on the horizon.

“It was an honor meeting the legendary Woz, Apple co-founder! Looking forward to our partnership!”

Wozniak is a high-profile supporter of cryptocurrency and

blockchain technology. He equates Bitcoin to a digital alternative to gold and says he admires the decentralized nature of the leading cryptocurrency.

“Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist…

Man makes up currencies, controls them, issues new US dollars every year. Bitcoin was immune to that.”

As for Ethereum, Wozniak says he thinks the second-largest cryptocurrency could “outlive the hype.”

Wozniak has also backed Efforce, a blockchain-based platform that uses tokens to incentivize companies to reduce carbon emissions.

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