The leading blockchain project TRON launched the V1.0 code release of sidechain solution, Sun Network. But is Tron network a marketing front for Ethereum and EOS? or is it more?
The new network ensures the endless capacity of scaling. The anticipation about the Sun Network is somewhat similar to that of Bitcoin’s Lightning Network. However, data is suggesting otherwise, and it appears that these claims are just a marketing pitch.
The latest version of Sun Network is a scaling solution that will likely enhance the transaction capacity of the network. The new update includes a range of scaling projects, including DAppChain; is a scaling project designed for producing scaling capacity that is endless for TRON’s MainNet.
The CEO of Bit Torrent and TRON Justin Sun stated that the new Sun Network would contribute to the TRON network that is more effective. Moreover, a range of scaling projects like DAppChain and the cross-chain communications are going to further develop the TRON network’s overall capacity, along with enhancing smart contracts execution performance on the TRON.
Is TRON network a marketing front
Other than the claims, CEO Sun promotes various chosen metrics for TRON, the complete account number of TRON reached three hundred thousand (300,000). While around four hundred and ten million (410M) safe transactions have been made possible since MainNet’s launch.
TRON Foundation and CEO Justin Sun have been making comparisons with the Ethereum for marketing goals. So, it is imperative to evaluate the claims that are being made.
24-hour volume chart by Coinmetrics
EOS is leading, with respect to total transactions, recording little over four (4.5) million transactions every day. TRON is in second place with a little over two (2.8) million transactions and Ethereum is at last position with seven hundred and ten thousand (710,000) transactions.
However, EOS and TRON offer subsidized transactions, while Ethereum takes about $0.05 as a transaction fee.
Price comparison chart by CoinMetric
A seemingly effective metric that could estimate the value of the payments network is the dollar value of transactions that are conducted on that network.
By employing this metric, Ethereum seems to be leading with two hundred and twenty-nine million dollars, EOS with forty million dollars and TRON with eight million dollars in dollar value transferred on their networks.