TRON Overtakes EOS in Active Decentralized Applications, but ETH Holds the Throne

TRON appears to be prevailing in the decentralized application (Dapp) war as the project's leader, Justin Sun, exalts his brainchild platform for outpacing EOS. 

According to statistics from Dapp analytics firm, Dapp Review, Tron has reached a cumulative total of 669 Dapps, edging out its closest competitor, EOS, by just one Dapp for the first time in their competitive history.

While Ethereum still holds the throne with a head and shoulders lead of 2,152 Dapps, Sun remained ecstatic over the relatively small victory:

[The] TRON ecosystem is growing at a steady pace, we welcome more users and developers to join us

Indeed, it seems the entire Dapp industry is undergoing a growth spurt. According to Dappreview's 2019 market report, nearly 2,000 new decentralized applications were created throughout the year, and on-chain transactions surpassed a massive $23 billion.

Claiming over $4.4 billion of that total transaction volume was TRON, most of which came from the platform's plethora of gambling Dapps.

However, one of the chief takeaways was that ETH's overall position as market leader is still firmly cemented. Currently, ETH almost doubles TRON's active user ship 989,000, with 1.82 million of its own.

Moreover, Ethereum provided 688 new Dapps in 2019, a figure higher than both TRON and EOS's total number of Dapps, proving that Ethereum still has what it takes to attract developers.

Featured image via Pixabay.

The Coronavirus Outbreak Is Delaying China’s Digital Currency Research

China’s research into the launch of its own digital currency has reportedly been delayed over the coronavirus outbreak, which according to recent data has infected over 81,000 people worldwide and claimed the lives of 2,765.

According to the Global Times, an anonymous source close to the matter has detailed that the outbreak forced several government institutions to slow down. The source was quoted as saying:

The coronavirus outbreak has led to postponed work resumption in government institutions, including the People's Bank of China (PBC). Policymakers and research staff involved in the DCEP project are no exception, which weighs on the development process.

Commenting on the case the CEO of a Shenzhen-based blockchain firm involved in the launch of the digital currency, Shentu Qingchun, noted the People’s Bank of China, the country’s central bank, was expected to make an important announcement during Q1 of this year.

Qingchun added, however, there’s only a month left and as such “chances that the announcement could be made on time are slim.” The currency, called Digital Currency Electronic Payment (DCEP), is still being developed and officials are discussing scenarios in which it could circulate as cash.

The source noted that the digital currency could still be launched on time as the central bank has “abundant talent” that can help it deal with the delay in research. Per Shentu, since the DCEP is a digital currency it would help reduce hand-to-hand contact among individuals, which has helped the coronavirus outbreak spread. As such, policymakers could give the DCEP more attention.

The Global Times’ source added that research into the DCEP has “achieved fruitful results” and that it’s close to an end. The central bank’s research institute, per the report, has applied for 65 patents involving digital currencies, while its institute of printing science and technology has applied for 22.

Featured image by Floriane Vita on Unsplash.