Tron says that its new proprietary blockchain managed to reach about 1,200 transactions per second.
It seems that this brand new number is 80times faster compared to Ethereum.
This was unveiled by Tron founder and CEO Justin Sun in a tweet in which he was flaunting Tron’s potential and the fact that the acquisition of BitTorrent will boost Tron’s success even more.
Ethereum’s speed is currently around 15-20 transactions per second.
Tron’s potential to perform a higher volume of transactions compared to Ethereum is mostly because the platform chose to let its community elect a select number of individuals and companies that are called super representatives which are essentially the nodes that will create blocks on the network, validate the transactions and compete for rewards.
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 pic.twitter.com/EsQd34Vq4u
— Justin Sun (@justinsuntron) July 27, 2018
Ethereum’s network works differently
This model of having a small number of high-performance nodes is different from Ethereum which features a network that allows anyone to spin up a node.
There are over 13,000 Ethereum nodes online at the comment that independently record the platform’s decentralized ledger and offer the network high security as well.
On the other hand, since Ethereum’s nodes are required to process a single transaction, the network has a limit on the number of transactions that it is able to process at once.
Ethereum is working on scaling solutions that include sharding and plasma which will basically boost the transaction speeds.
Vitalik Buterin claims that Ethereum will likely reach millions of transactions per second in the future.
Tron made quite a lot of promises regarding how high its transaction speed will reach.
Back in April, Sun said Tron would hit 10,000 transactions per second, and in June, he said that it had achieved 2,000 transactions per second during internal tests of its network.
Tron officially left its roots as an Ethereum-based token and finally launched its very own network at the end of June.