Tron says it’s new proprietary blockchain has reached around 1,200 transactions per second. The new number is 80 times faster than Ethereum, and was revealed by Tron founder and CEO Justin Sun in a tweet touting the potential of Tron’s acquisition of BitTorrent.
Justin Sun tweeted:
“TRON is 80 times faster than Ethereum. With 14 years of experience, @BitTorrent is providing a world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world! #TRONBT $TRX”
By comparison, Ethereum’s speed is currently around 15 to 20 transactions per second.
Tron’s potential to perform a higher volume of transactions than Ethereum is centered on the fact that the platform opted to let its community elect a select number of individuals and companies called “super representatives,” which are essentially the nodes that will create blocks on the network, validate transactions and compete for its rewards.
Ethereum is presently working on scaling solutions such as Plasma and Sharding to enhance the transaction speed of the network. Vitalik Buterin – the creator of Ethereum (ETH), says the network will likely hit millions of transactions per second in the future.
At the time of writing this article, Tron (TRX) is trading at $0.0376 after an increase of more than 2.8 percent over the past twenty-four hours. The market cap of the digital currency is $2.42 billion and its trading volume over the past twenty-four hours is $191.69 million.