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Tron blockchain on the cusp of achieving 1000 smart contracts milestone

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The TRON ecosystem has been seeing major success ever since the launch of its MainNet, nearly a year ago. Meanwhile, the number of TRON smart contracts continues to grow, as developers leave Ethereum in search of better, faster networks.

According to the TRON Foundation’s recent announcement, the number of TRON smart contracts has grown by 100 compared to the previous week. This puts the total number of smart contracts to 877. A similar surge has been noticed when it comes to the growth of TRON-based dApps.

Subsequently, the report states that TRON’s daily trading volume exceeded $505,000, which is also a 33% increase compared to the week before. Evidently, TRON is advancing in all aspects, and if it continues at this pace — it is only a matter of time before the ecosystem sees its 1000th smart contract.

TRON marches along nicely

The 1000th smart contract will be a significant milestone for the less-than-a-year-old network, as it directly implies that developers are coming to test the ecosystem — and are choosing to stay.

As mentioned earlier, TRON has also seen a major increase in the number of dApps, with three new games and 39 gambling decentralized applications within a single week. The growth in the number of dApps is likely one of the major reasons why TRON trading volume surged as well, as using the dApps means making minor transactions with pretty much every move.

The ecosystem has seen additional moves this week, such as the TronLink wallet announcing the launch of TronLending Bank feature, which will allow users and projects to reduce costs by optimizing energy usage.  The rental cost on TronLending Bank will be multiple times lower, which will allow users to save up more than ever before.

Then, there is the fact that TRON made multiple significant efforts in the area of security and safety by partnering up with Beijing’s Chainsguard. The Chainsguard team has a lot of experience with securing networks, as it worked with Ethereum and EOS on finding and fixing vulnerabilities in the past.

Finally, there is TRX itself, which has grown by 4.5% compared to the end of the previous week. The growth is likely a consequence of the increase in the number of dApps and trading volume, and it puts the coin’s price at $0.023639. Meanwhile, the project’s market cap sits at $1.58 billion, and the trading volume in the past 24 hours stands at $717.48 million.

The fact that TRX sits at the 11th spot on the list of largest cryptos by market cap with figures such as those is a clear confirmation that the market is seeing a recovery, and TRX is bound to follow. At the moment, the coin sees a slight price decline, at around 1.98% in the past 24 hours. However, reaching the 1,000th smart contract is bound to bring a lot more attention to the project, and will more likely allow its price to surge. Perhaps the Sun-led crypto might soon be able to test the resistance at $0.031.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron funds PlayGame’s expansion, here’s what it means

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Tron is getting behind PlayGame which is one of the world’s fastest-growing direct-to-play platforms based on blockchain technology. Tron is a third generation blockchain project which aims to use its blockchain technology to decentralize the world wide web and create a new content system powered by cryptocurrencies instead of the current central authorities such as YouTube.

PlayGame

PlayGame was founded in June, last year. It aims to help game developers to surmount the obstacles inherent to piracy issues, opaqueness, inefficient distribution and payment calculations.

The platform includes the ability to develop and deploy smart contracts which allow game developers to monetize their work directly from enthusiasts by using digital currency.

And, as usual, the use of blockchain technology guarantees transparency for all the parties involved so that developers and gamers can trust a system in which every action is clean, quick and reliable.

Third generation blockchains (like Tron) have all kinds of use cases, and the gaming industry is among the most obvious ones. Even as you read this, the world’s most active decentralized applications are gaming apps with several thousand users daily and important cash flow.

And cryptonauts are avid gamers as well, so it’s a match made in heaven for both users and developers. Games are also attractive for cryptoverse newcomers because they’re fun to use and easy to learn, so they provide a good way for people to be introduced into blockchain technology without the need for a lot of technical expertise.

In this context, PlayGame’s entrance into the ecosystem shows how vital the gaming market is for the cryptoverse and leads the way for other new projects that combine both gaming with the blockchain.

The partnership

PlayGame has ambitious plans for growth, and Tron’s investment will facilitate that process. It will help the company to launch its Proof of Play and cryptocurrency payment gateway as well as to expand all over Asia and many other important markets that are crucial when it comes to introducing a new generation of users into blockchain-gaming.

The money will be useful, for sure, but it’s not about financial support only but also about building strategic partnerships with some of the industry’s main players.

TRON Arcade

Tron is going to spend $100 Million over the next three years (as the Tron Foundation announced recently) in support of the integration of gaming and cryptocurrencies. The fund will create the TRON Arcade to incentivize game developers to come up with new ideas and turn them into code.

Tron believes that gaming is a key ingredient for mass adoption. The developing community will have access to better resources. That means more dApps in the network which, in turn, means more new users.

Tron’s leadership keeps investing a lot of money in promoting the use of blockchain technology to decentralize the web, and it also keeps securing meaningful strategic partnerships which is one of the reasons for which the platform’s token (Tronix or TRX) keeps gaining value. It trades at $0.024176 as we write this, and it’s ranked ninth by market capitalization.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.