Scaling our favorite blockchains has been a subject of debate for quite sometime in the crypto-verse. It is even the reason that Bitcoin Cash developers might end up implementing a hard fork in November due to the fact that there are two grand ideas as to how the next software upgrade should be carried out. The same can be said about the idea to create sidechains on the Bitcoin (BTC) network to increase the throughput of the blockchain.
If It’s Not Broken, Don’t Fix It
The Bitcoin community went through a very scary event last week that could have caused a malicious hacker to mint BTC from a bug in the codebase of the digital currency. Luckily, an anonymous user highlighted the bug and reported it to the Bitcoin Core developers who promptly fixed it. This then can be used to defend the idea that any more upgrades on the Bitcoin network, would be detrimental to the digital asset.
In a recent tweet by Weiss Ratings, the firm suggested that Bitcoin could become a multi-network currency using sidechains. The exact tweet stated the following:
#Bitcoin could become a multi-network currency via sidechains. We think that developers are more likely to choose to build on a platform that can scale on chain – like a faster version of #Ethereum – not bitcoin sidechains. At least not yet. #btc #ETH #crypto #xrp
Sidechains on the Bitcoin network had also been tested back in January this year.
Tron Is A Faster Version of Ethereum
Further analyzing the tweet by Weiss Rating, it is tempting to suggest that they were oblivious of the existence of the Tron Network that has a throughput of 2,000 transactions per second. The Tron project has already integrated its Tron Virtual Machine onto the Mainnet and what is left is Project Atlas that integrates BitTorrent into the ecosystem.
Ethereum at Capacity
Afri Schoedon, an Ethereum developer at Parity Technologies, urged DApp creators to stop deploying them on the Ethereum network. He added that the ETH network was running at capacity. His tweet prompted the response of Tron’s CEO, Justin Sun, who welcomed DApp creators onto the Tron Network. His tweet stated the following:
Yes! Please stop deploying d-apps to Ethereum and migrate to
#TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX
The full tweet can be found below.
Yes! Please stop deploying d-apps to Ethereum and migrate to #TRON network immediately! We are 100x faster than #ETH and fully compatible with #ethereum. We 100% guarantee better user experience! #TRX $TRX https://t.co/gRCtOC0rIS
— Justin Sun (@justinsuntron) September 24, 2018
In conclusion, rather than attempting to scale an already great and valuable blockhain network of Bitcoin, DApp creators are encouraged to try out the Tron Network that has a higher throughput and is compatible with the Ethereum network through the Tron Virtual Machine. The TRX network eliminates the need for sidechains.