what is ETH

Ethereum is one of literally thousands of cryptocurrencies that have sprung up over the last few years. As the brainchild of 8 co-founders, Ethereum made its debut in 2015.

Ethereum operates on a decentralized computer network, or distributed ledger called a blockchain, which manages and tracks the currency. It can be useful to think of a blockchain like a running receipt of every transaction that’s ever taken place in the cryptocurrency. Computers in the network verify the transactions and ensure the integrity of the data.

This decentralized network is part of the appeal of Ethereum and other cryptocurrencies. Users can exchange money without the need for a central intermediary such as a bank, and the lack of a central bank means the currency is nearly autonomous. Ethereum also allows users to make transactions nearly anonymously, even if the transaction is publicly available on the blockchain.

While the whole field is referred to in terms of currency, it may be more useful to think of crypto as a token that can be spent for a specific purpose enabled by the Ethereum platform. For example, sending money or buying and selling goods are functions enabled by the coin. But Ethereum can do a lot more, and it can also form the basis for smart contracts and other apps.

what is TRON

The TRON Foundation, often known as TRX, has released TRONIX, a mainnet token based on the TRON Protocol. On the TRON blockchain, TRX tokens serve as the fundamental unit of accounts, and the value of all other coins is derived from that of TRON. Other tokens include BitTorrent (BTT), JUSTt (JST), USD Coin (USDC), Tether (USDT), and NFTs. 

All TRC-based tokens naturally use TRX as a medium of exchange. With several application scenarios that drive transactions and applications on the chain, TRX unites the whole TRON ecosystem.

This article will deep dive into how TRON works and how to use and stake TRON as well as explore if the TRON network is secure.

how does TRON work

A compact, Turing-complete virtual machine called the TRON Virtual Machine (TVM) was created for the TRON ecosystem. Its objective is to deliver a tailored blockchain system that is effective, stable, practical, safe and scalable. The TVM-compatible tokens are IVSC using the TRC-20 technical standard and are entirely ERC-20 compliant.

In addition to the above, the storage, core and application layers make up TRON's architecture. Consensus, account management and smart contracts are the various modules in the core layer. A DPOS is the consensus mechanism used by TRON to achieve consensus. 

A blockchain consensus technique called delegated proof-of-stake enables users to use their currencies to cast votes for different delegates. Once elected, these delegates have the power to decide important matters that affect the entire network.

Twenty-seven super representatives (SRs) who are responsible for keeping track of the transaction history in the TRON ecosystem validate transactions. Every six hours, a super representative is picked, and in exchange for their services, they receive a TRX coin produced by the mechanism. Every three seconds, a new block is added to the TRON blockchain, and those who add blocks are given 32 TRX coins.

On TRON, an efficient instruction set and a stack-based virtual machine are used. TRON's smart contracts are written in Solidity and other advanced languages. Furthermore, Block Storage and State Storage make up the distinctive distributed storage protocol created by TRON. To better fulfill the demand for varied data storage in the actual world, the idea of a graph database was incorporated into the architecture of the storage layer.

On TRON, developers can design a wide variety of DApps and unique wallets. Moreover, the possibilities for utility applications are endless since TRON makes it possible to deploy and execute smart contracts. But what makes TRON so unique?

The Witness Node, the Full Node and the Solidity Node are the three different types of nodes on the TRON network. Witness Nodes are created by SRs and are primarily in charge of creating and voting on proposals as well as producing blocks. Application programming interfaces (APIs), transactions, and blocks are broadcast by Full Nodes. Blocks from other Full Nodes are synced via Solidity Nodes, which also offer indexable APIs.

ETH vs BTC

Bitcoin’s primary use is as a virtual currency and store of value. Ether also works as a virtual currency and store of value. But the decentralized Ethereum network also makes it possible to create and run applications, smart contracts and other transactions on the network. Bitcoin doesn’t offer these functions.

Ethereum also processes transactions more quickly.

“New blocks are validated on the Bitcoin network once every 10 minutes while new blocks are validated on the Ethereum network once every 12 seconds,” says Gary DeWaal, chair of Katten’s financial markets and regulation group. And future developments could speed up Ethereum transactions, even more, he notes.

Last, there is no limit on the number of potential Ether tokens, while Bitcoin will release no more than 21 million coins. Currently, Bitcoin has 19 million coins in circulation.

Ethereum Benefits

• Large, existing network. The benefits of Ethereum are a tried-and-true network that has been tested through years of operation and billions of value trading hands. It has a large and committed global community and the largest ecosystem in blockchain and cryptocurrency.
• Wide range of functions. Besides being used as a digital currency, Ethereum can also process other financial transactions, execute smart contracts and store data for third-party applications.
• Constant innovation. A large community of Ethereum developers is constantly looking for new ways to improve the network and develop new applications. “Because of Ethereum’s popularity, it tends to be the preferred blockchain network for new and exciting (and sometimes risky) decentralized applications,” Avital says.
• Avoids intermediaries. Ethereum’s decentralized network promises to let users leave behind third-party intermediaries, like lawyers who write and interpret contracts, banks that are intermediaries in financial transactions or third-party web hosting services.

about this dashboard

in this dashboard I want to analyze the TRON in the ETH network and also find the impact of the ETH on the TRON and opposed of that.

the thing that I want to analyze in this network is:

• top token in the ETH network that had the most transaction number
• compare of the TRON with top stable coin in the transaction number
• performance of the TRX in the ETH network by transaction number
• performance of the TRX in the ETH network by user number
• performance of the TRX in the ETH network in the fee amount
• performance of the TRX in the ETH network in the gas amount

in this part I want to analyze the top transaction number in the ETH network.

as you see the top transaction number related to the USDT and after that ETH and after that USDC,

and we can see the TRX in the top chart as you know transaction number of the TRX is not as more as USDT or ETH but I want to see the performance of the TRX in this platform.

as you see the token that is in the ETH platform had the large transaction number like LINK, polygon and so on

so in this part we analyze the top token in the transaction number,

and after that I want to analyze the action of the TRX in the top stable coin.

lets do it.

as you see in the previous part I talk about the top 40 token that had the most number of the transaction.

in this part I want to compare the TRX transaction in the top stable coin.

as you see most of the transaction in the upper four token is USDT by close to the 70 % of the total,

and after that the most transaction related to the USDC and DAI and as you see the percentage of the TRX in the top 3 stable coin is 1.2 % of the total.

so we expected that the percentage of the TRX was low than other because the platform of the TRX and ETH is different but we want to see the impact of the TRX in ETH.

after this part lets see the transaction number by the time since first of the year.

in the previous part we see that percentage of the TRX was close to the 1.2 % and we see in the first graph that TRX transaction number is in the top 40 in ETH network.

in this part I want to see the transaction number of the ETH and TRX by the time since first of the year.

as you see the top number of the TRX is too low that min transaction number of the ETH and as you know it is normal because of the platform difference.

and the interesting this is that in the date 24 Jun the transaction number of the TRX increase very fast and after that the all transaction, had movement in the same range.

and as you see the top transaction number was 6215, and as you see the transaction number of the ETH is in the 100 K range had movement, and we see that the increase transaction number in the TRX had no any impact on the ETH or opposed.

so in this part I analyze the transaction number and after this part I want to analyze the user number.

in this part I want to analyze the user number again we expected that the user number of the ETH be too more that TRX because of the platform.

so in the previous part we see that in the date 24 Jun the transaction number increase to the top and we see that the same thing happen in the user number and as you see the user number in the TRX is 125 in the same date.

as you see in the transaction number about 100 % but in this part we see that the user number percentage increase in the TRX.

after this part it is time to the analyze the fee amount and after that gas amount.

so lets start.

in this part I want to analyze the TRX and ETH fee amount as you see the most fee amount related to the ETH and as you know we had information about that.

in this part for the better analyze I found the fee amount by use the method:

sum(fee)/count(transaction number),

by use upper method we get the best info and true info and show the total fee with total transaction.

as you see in this year about 86 % of the fee related to the ETH and just 13.9 % of the fee related to the TRX.

and the other important thing is that by the time fee of the ETH decrease, and the top fee for the ETH is about 0.07.

so after this part it is time to the gas

in this part I want to find the gas relation in the ETH and TRX.

in the fee amounts part we see that by the time fee amount decrease but in this part we see that by the time had the same range and in some case we see that the TRX gas amount is more than ETH like date 15 Sep and 22 Oct.

and as you see the percentage of the TRX is about 16.5 and ETH percentage is about 83.5.

the total conclusion in this part is that gas amount of the ETH and TRX had the same movement in the same range but as you see in the fee amount this action was opposed.

conclusion

in this dashboard I found the below points

• top token in the ETH network that had the most transaction number
• compare of the TRON with top stable coin in the transaction number
• performance of the TRX in the ETH network by transaction number
• performance of the TRX in the ETH network by user number
• performance of the TRX in the ETH network in the fee amount
• performance of the TRX in the ETH network in the gas amount

and the result is:

• the TRX transaction number is in the top 40 in the ETH network.
• percentage of the TRX in the top 3 stablecoin is 1.2% .
• the top transaction number in the TRX was 6215 and this number related to the 24 Jun.
• the top user number in the TRX is 125 and the date of that is related to the 24 Jun like previous part(transaction).
• as we know the fee amount of the TRX is too low that ETH and the percentage of them is 86 % for ETH and 14 % for TRX.
• gas amount of the ETH and TRX had the same movement in the same range but as you see in the fee amount this action was opposed.
• as we know the gas amount of the TRX is too low that ETH and the percentage of them is 83.5% for ETH and 16.5% for TRX.
• in the event type most of the transaction of the TRX was transfer(over 99 %) and in the ETH about 57 % related to the same event.

thank you because of your attention.

in this part I want to analyze the event type of the transaction as you see in the TRX most of the transaction related to the transfer and you see that percentage of that is over 99 % and as you see in ETH part again most of the transaction related to the transfer by the 57 % of the total.

so as you see because both of them had the max transaction number I want to see the detail of them by daily graph.

so as you see we see the same graph in the transaction part as you see the max number of the transaction in the TRX is low than ETH and we see the same thing in the transaction part but as you see in some day this number was zero.