HomeCryptoAltcoinTVM, the Tron virtual machine that challenges Ethereum

TVM, the Tron virtual machine that challenges Ethereum

Tron takes on Ethereum. During the event of a few days ago the decentralized platform for content sharing presented its Tron Virtual Machine (TVM) that promises to be faster and have lower costs than Ethereum.

In this way, Justin Sun, the founder of Tron, wants to become a leader in dApps development and show the greater reliability of his creation compared to Ethereum.

A few months ago, he already said that Tron is 80 times faster than Ethereum.

How canĀ Tron Virtual Machine improve the dApps development sector?

Tron’s team is putting a lot of faith in their virtual machine. During the event, technical figures of the peer-to-peer platform, including the CTO, Chen Zhiqiang, mentioned some of the features of their virtual machine:

  • TVM needs less memory to operate compared to other virtual machines;
  • TVM creates dApps with lower costs for developers and end users (compared to Ethereum and Eos);
  • TVM is compatible with the Ethereum VM environment.

The compatibility, if confirmed, could represent a great boost to the use of virtual machines: Ethereum’s smart contracts can easily be transferred to Tron.

Tron: all the growth numbers

The event was also an opportunity for Justin Sun to update on Tron‘s growth during the last month. According to data released by the founder, the total number of accounts has reached the figure of about 300 thousand, an increase of 1431% compared to 28 July.

To better explain the numbers, Sun has made a comparison with Ethereum: In the last two months, the number of registered Tron users has increased 11-fold compared to Vitalik Buterin’s blockchain.

There are also be good news on the number of daily transactions: 416,497 in August, an increase of 741% compared to July. In the last two months, “the number of daily transactions on Tron is 19 times higher than on Ethereum”.

The other novelties

The event was also an opportunity to talk about one of the other major projects that sees the platform as a protagonist. We are referring to the integration of Tron and BitTorrent: the so-called Atlas project.

Giancarlo Donadio
Giancarlo Donadio
Giancarlo starts writing about business with Millionaire. With the magazine from Milan, he collaborates in the realization of "STARTUP. Sogna, Credici, Realizza. Dall'idea al successo" (Startup. Dream, Believe, Realize. From idea to success) for Hoepli. Since 2016 he's been collaborating with Startupitalia! where he specializes in fintech, blockchain technology, and cryptocurrencies within the SmartMoney column. Today he is a co-founder of Pandant, a web agency focused on content marketing and personal branding.