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Survey: 60% of Crypto Twitter Thinks Tron 4.0 is Superior to Ethereum 2.0

Altcoins 2020/05/24 16:57 by Brenda Ngari
Survey: 60% Of Crypto Twitter Thinks Tron 4.0 Is Superior To Ethereum 2.0

60% of the crypto community on Twitter think upcoming update, Tron 4.0 is way better than the long-awaited ETH 2.0, according to a Twitter poll conducted by Tron founder himself, Justin Sun.

Tron 4.0 is on the lead with 59 percent (27,398 votes), beating ETH 2.0 which has attracted 41 percent (19,025 votes). While Twitter polls aren’t scientific, they are often a proxy for public opinion. With 46,404 votes, it is clear that an overwhelming majority believe Tron 4.0 is superior to ethereum 2.0.

Survey: 60% Of Crypto Twitter Thinks Tron 4.0 Is Superior To Ethereum 2.0

With one day left before the poll is closed, the results could change as ETH 2.0 garners more votes, but Tron 4.0 is currently the clear leader.

Competing With Ethereum

Ethereum is the second-largest blockchain which is also the most active platform for smart contracts. Moreover, most of the cryptocurrencies in the crypto market are ethereum-based tokens.

Nonetheless, no coin on the crypto space is perfect, and Ethereum has had its fair share of problems over the years. The ICO-laden coin has experienced bottleneck scalability issues which even the co-founder Vitalik Buterin has admitted is a barrier to adoption. However, the token is looking forward to leaving all these troubles behind with the upcoming ETH 2.0 upgrade.

One of the so-called “Ethereum killers”, Tron (TRX), has been striving to take ethereum’s crown especially on the dApps category. Yet Ethereum is still the leading platform, despite the widely-known flaws. In another attempt to seemingly take on Ethereum, Tron’s Justin Sun recently announced the launch of Tron 4.0.

While he did not reveal many details, Sun noted that this new Tron update will entail features that are aimed at improving scalability, privacy, interoperability, and enterprise applications.

Some believe this is an attempt by Justin Sun to take a jab at Ethereum which has been postponing the ETH 2.0 update for the longest time. Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm was postponed once again to sometime in Q3 of this year.

Justin Sun Is Drawn To Controversy Like A Moth To A Flame

Unfortunately, Sun has acquired a bad reputation in the crypto space for hyping announcements and repeatedly putting himself in controversial situations. Last year, the most publicized Sun drama was the $4.5 million charity lunch with Warren Buffett which had so many twists.

Nothing has changed this year. Earlier this month, reports claimed that Justin Sun’s Tron was among the companies that received $2 million (17 mln RMB) coronavirus relief from the US government meant to help small businesses weather the impacts of the pandemic. This did not sit well with many considering Justin Sun splurged millions for a charity lunch with Buffett while some hard-working Americans are being denied the COVID-19 relief loans.

Also, Justin Sun is right at the center of controversy with Steem following a hostile takeover.

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