It’s been a little over a year since TRON’s mainnet went live, but the network recently hit 3.5M accounts.
TRON has been embroiled in some controversy for the past few months, but the network recently hit a supposed milestone. As Dave (@redpillblue1) writes on Twitter, TRON hit its 3,500,000th account in just 417 days.
— Dave [Tron-Society] (@redpillblue1) August 17, 2019
Creating an account on TRON is quite easy, so it’s unclear how much of a milestone having 3.5M accounts is. It costs just 0.1 TRX to generate a key pair and to extract the public key. What this effectively means is that TRON’s network does have some real users, yet it’s unclear how many of these addresses are linked to real individuals.
Despite the network growth, the price of TRX has bled slowly throughout the entire year. For TRON fans, it’s an indicator that the fundamentals are strong but the network has yet to prove itself to the crypto-community at large.
From the much-publicized Warren Buffett lunch to drama at the TRON offices, one can definitely say this year has been a rocky one for the Chinese cryptocurrency. However, none of these concerns have impacted TRON’s price much at all. TRON still boasts a functioning MainNet which is more than most cryptocurrency projects can claim.
Investors might also get some relief from TRON’s plan to buy back some $20M worth of TRX tokens off of exchanges. Announced in June, it is the largest TRX buy-back to date. It’s unclear whether this buyback program has already started, but the process itself will last for a year and will be done throughout several batches.
With the TRON network boasting some 3.5M addresses, it now has to port over new decentralized applications to its network to actually boost adoption. As of now, TRON still lags in this department, and most of the functional applications remain either wholly speculative or gambling-related. Still, the network is quite young, so this could easily change within a year’s time.
Is reaching 3.5M accounts a significant achievement for the TRON network? Let us know your thoughts in the comments below.
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Images are courtesy of Shutterstock, Twitter.