The last six months has seen more people register on blockchain protocol TRON (TRX) bringing the total number of accounts created to one million for the first time since its creation.
This is despite criticism from executives who compare it to its rival Ethereum (ETH).
Accorsing to statistics from the TRON blockchain which was uploaded to social media by Misha Lederman, cofounder of the cryptocurrency’s spin-off project IAmDecentralized.org, it could be seen that the network now boasts of over one million addresses.
More so, while launching its mainnet earlier this year, TRON said it seeks to become the go-to ecosystem for developers seeking to create decentralized applications (DApps).
Known for publicly speaking down on Ethereum, which is arguably TRON’s main rival, CEO Justin Sun predicted a “slow implosion” for the altcoin within the week. Commenting on the address landmark, Lederman suggested that the speed at which activity increased is also significantly higher than that of ETH.
He said, “In comparison, (Ethereum) reached 1 million accounts on Jan 22, in 542 days or 18 months since (the Ethereum) Mainnet Launch.”
With a lot of people arguing that Ethereum had built its customer base when cryptocurrency interest was marginal compared with current conditions, others however, added that despite the growth, TRX’s $0.02 price tag paled in comparison to ETH/USD, which even after a 90 percent decline the from all-time high, maintained a value of around $73.
TRX had shown strong daily growth this week before a correction across cryptocurrency markets saw the token lose 15 percent in the 24 hours, while ETH dropped 12.6 percent in the same period.