Altcoins Cryptocurrency

Tron (TRX) Hits Incredible Userbase Hallmark, to Introduce zk-SNARKs

  • Tron (TRX) reaches hallmark in Dapp active users
  • Upcoming privacy feature zk-SNARKs would enhance Tron’s growth

The cryptocurrency industry is growing its tentacles and one of the projects pushing for the global awareness of the industry is Tron (TRX). Tron is already pushing towards the wishes of the crypto sphere by increasing its user-base to a significant level.

Tron (TRX) is well-known for its determination to get the world’s attention in understanding how digital currencies work.

This zealousness has not benefited only Tron and its token, TRX, but the whole of cryptocurrency sphere as the awareness of one could bring good result for another.

However, Justin Sun, the young and vibrant founder of Tron (TRX) has been criticized times but all the criticisms seems to be baseless as he continues to garner the needed attention.

Also Read: Justin Sun Announces Launch Of BTT Wallet As Coin Gains 14% In The Market

Tron (TRX) Clinches Hallmark Dapps User-base

Justin Sun’s recent tweet showcased that his hard work on Tron (TRX) is really paying off as its Dapp active users reached an all-time high.

According to the chart he captioned by the millennial CEO, Dapp active users on Tron grew significantly on 16th May, 2019, reaching a new high level of 102,497.

While this is undoubtedly a great achievement for Tron in the DApp and blockchain industry, it never caught its support as a surprise, since the blockchain network has been threading this path for some time before now.

Zk-SNARKS Sets For Trial Run on TRON testnet

In the quest to complement its network with an immortal privacy, Tron (TRX) is set to make zk-SNARKs trial run with a testnet.

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Zk-SNARKS is planned to be integrated into TRON blockchain purposely to make transaction information untraceable on the public network.

Privacy in transaction process in cryptocurrency is one of the important features to push for global adoption apart from transparency.

Though the implementation of zk- SNARK by other projects in the past has been somewhat filled with flaws, but there are expectations that Tron will perfect the privacy feature on its network against messy scenes.

Tron’s CEO assured that more privacy features will soon be integrated with TRON’s public blockchain once the zk-SNARKs trialing is done successfully.

According to Tron Colony on twitter, the zero-knowledge proof transactions will give users option to opt for either private or public transactions, which is a means to offer Tron (TRX) clients extra privacy.

BitTorrent Speed Test Shows Great Success

Tron Colony also revealed the success of internal testing of BitTorrent’s speed. Thus, it is a great addition for Justin Sun in his approach to make Tron blockchain technology outstanding and user-friendly for its teeming clients all over the world.

Tron (TRX), the 11th largest cryptocurrency by market cap is presently trading at $0.028, with about 4% drop in price in the last 24 hours.

However, the price drop is not limited to only Tron (TRX). Many other top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP and others are also subdued in the plummeting market situation.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Solomon Odunayo

Solomon Odunayo had dispensed his writing ability on growing Eagles News Media, covering News for relatively 2 years as a founder and editor.

He now works with NewsLogical.com as a full time cryptocurrency Journalist and Chief Editor due to the experience he garnered over time in the crypto sphere.

Email: solomon.odunayo@newslogical.com, editor@newslogical.com.

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