Tron (TRX) News – Are the fundamentals of Tron (TRX) better than others?

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Tron (TRX) has been trying to gain more and more developers for its blockchain. While the development of the blockchain is going in full swing, it is trying to get developers to build the decentralized applications to increase the use of its blockchain. It is trying to gain these developers from another blockchain. It has mostly been able to do so successfully. That is why the fundamentals of Tron (TRX) are consistently improving. However, recently the Chinese index which ranks blockchains ranked Tron (TRX) at the 2nd position. The question is whether the fundamentals of Tron (TRX) have improved to that level or not.

How the fundamentals of Tron (TRX) better than others?

Interestingly, EOS is at the 1st position, and Tron (TRX) is at the 2nd position. EOS has a score of 150.5 and Tron is (TRX) scores of 145.6 in that index. Ethereum (ETH) is a close 3rd. The score of Ethereum (ETH) is 139.2. It indicates that Tron (TRX) has gained a lot of credibility all over the world.

How did Tron (TRX) reach the 2nd position in China’s blockchain index?

When you look at the users, it is already close to the 1 million user mark after launching the mainnet. It did so within the same year of the launch. It is no small feat. Most of the other cryptocurrencies took at least a couple of years to reach that mark. There are a wide variety of blockchain-based cryptocurrencies which have not entered that market. It clearly indicates that Tron (TRX) can attract users quite easily.

Tron (TRX) has been further helped by the fact that EOS, Ethereum (ETH) are facing their issues. EOS recently faced a hack at $ 7.7 million. It has dented the credibility of the blockchain significantly. Moreover, when you look at the performance of Ethereum (ETH), it is facing scalability issues. Without solving the scalability issues, it will not be able to gain developers. It is the main reason why the developers of decentralized applications are migrating from these to cryptocurrencies to Tron (TRX).

At the same time, the founder of Tron (TRX) Justin Sun is leaving no stone unturned to promote Tron (TRX). He is even willing to set up a migratory fund for the developers who are migrating from other blockchains to Tron (TRX). All of these efforts seem to be finally paying off. Up until now, Tron (TRX) has executed most of the advancements in blockchain successfully. That is why there have been no glitches or any problems which the developers have faced with the blockchain.

All of these reasons combined have propelled Tron (TRX) to the 2nd position on the blockchain index. The future will tell whether EOS can defend its 1st position or not. With the way, things are going Tron (TRX) might very well rank at the 1st position when it comes to the blockchain index.

About Priya 131 Articles
I am an IT engineer by qualification and like to explore the crypto and blockchain space in my free time.

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