China Rates TRON as the 2nd-Best Cryptocurrency: What’s Behind the Optimism?
CN [TL;DR]'s original article for www.ccn.com reduced by 40%
A government agency in China has rated TRON, the third largest decentralized application-focused crypto project, as the second-best crypto asset in the world behind EOS. The Center for Information and Industry Development under China's Ministry of Industry and Information Technology rated TRON highly in several categories including applicability and technology. TRON is ranked as the second-best crypto project by The Center for Information and Industry Development, under China's Ministry of Industry and Information Technology.
While TRON secured 96.8 points in technology and 24.6 points in applicability, Ethereum, the most valuable smart contracts protocol in the global market, fell short at 73.8 points in technology and 29 points in applicability. Since October 2018, within four months, the daily transaction volume of the TRON blockchain network has increased from 130,000 transactions per day to 1.7 million transactions by over ten-fold. The TRON blockchain network is able to maintain a large transaction capacity due to the structure of the network that relies on a group of nodes called Super Representatives that play a vital role in TRON's Delegated Proof of Stake consensus mechanism.
As Dapp.com previously reported, TRON has been aggressively promoting its Dapp ecosystem with a large budget to accommodate developers and projects. In the months to come, TRON CEO Justin Sun said in an interview with Huoxing that he believes the crypto market has achieved a bottom and it could lead to an increase in the adoption of the blockchain by Lightning Network and BitTorrent users.
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CN [too long; didn’t read]
Summarised crypto news.