Justin Sun, the CEO of TRON (TRX), shared this week via Twitter that the TRON blockchain is 80 times faster than Ethereum (ETH).
TRON now claims it has achieved 12,000 transactions per second (TPS), far exceeding Ethereum’s current rate of between 15 to 20. TRON’s TPS upside is due to the nature of its consensus model, which leverages a group of elected individuals and companies called “super representatives.” In this TPOS model, these representatives function as the chain’s nodes to create network blocks and validate transactions in exchange for a significant daily reward in TRX.
For further comparison, Stellar (XLM) currently supports 3,000 TPS while NEO (NEO), widely viewed as the Chinese Ethereum, has hit as high as 1,000 TPS. Notably, NEO stated earlier this year that it plans to achieve 100,000 TPS without the use of sharding by 2020.
Ethereum and TRON are currently ranked 2nd and 10th, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens. TRON’s mainnet went live in late June, moving away from its previous home on the Ethereum blockchain.