Tron Achieves 2000 TPS, Surpasses Ethereum

Tron's recent mainnet launch marked its official migration from the Ethereum blockchain.

Tron was able to reach speeds of 2000 TPS following its mainnet launch, according to a company blog post.

Migrating completely off the Ethereum network, Tron is now boasting speeds 80 times that of its greatest competitor.

On July 27, 2018, Tron CEO Justin Sun boasted the potential of Tron's $140 million acquisition of BitTorrent in a tweet and dubbed the company, "The world's largest decentralized ecosystem."

Earlier this month, Sun announced his campaign to run for one of 27 block producer positions on the Tron network and was elected the day following, garnering 120 million votes by TRON token holders in under 24 hours.

Tron is able to exceed Ethereum's maximum 25 TPS by using an adjusted delegated Proof-of-Stake consensus mechanism known as TPOS. 27 TRON "Super representatives" are elected to make structure and governance decisions on behalf of the greater community.

Ethereum's future Proof-of-Stake consensus mechanism requires that more than 13,000 active Ethereum nodes verify each transaction before it's confirmed - causing low TPS and a susceptibility to congestion.

Both competing smart contract platforms have made extravagant claims at the potential speeds of TRON and Ethereum.

In early June, Vitalik Buterin told viewers in an OmiseGO AMA that Ethereum could potentially achieve 1 million TPS once second-layer solutions were fully integrated.

Prior to their mainnet launch, TRON CEO Justin Sun stated in a tweet that the network aims to eventually achieve 10,000 TPS - a major selling point for early dApp developers building large-scale projects.