Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser

Opera Software announced its intention to soon support TRON’s TRX and other TRC-standard tokens within its browser. Currently, it supports on Ethereum and ERC-20 tokens on its Dapps browser.
Krystian Kolondra, EVP at Opera, Head of Browsers noted in the announcement that,
“TRON is a popular, quickly developing blockchain with a swiftly growing dApp ecosystem. We are happy to open our browser to it,” She added  “By opening products to multiple blockchains, we are accelerating the mainstream adoption of Web 3.”
Opera launched the Web3 browser and in-built crypto-wallet in December 2018. Web3 browsers are new age browsers that enable the browser API to interact with the blockchain and smart contracts underneath it. It works like any other web browser on the top, but the data and information are actually being executed on a secure blockchain platform like Ethereum or Tron. Opera Web3 Browser plans to add support for more such blockchain platforms during this year.
This is a significant piece of news which guarantees increased adoption of Tron across all platforms. TRX instantly surged by over 6% in 4-hours. Currently, Tron is testing the resistance near its yearly high around $0.0305.
TRX/USD 1-Day Chart (TradingView)
The price of TRX at 15: 30 hours UTC on 15th May 2019 is $0.0299. It is trading 11.95% higher on a daily scale.
Also read: 888Tron Dapp displays Tron’s supremacy by clocking 25 transactions per second
Tron has more than 400 Decentralized Applications built on its blockchain. Moreover, it processes more than 3 million transactions daily. It is one of the fastest growing blockchain projects with a wide scale adoption in the entertainment and e-gaming industry. Justin Sun was also excited about the announcement. He said,
“We are excited that Opera, a mainstream browser with hundreds of millions of users, will now seamlessly support TRX and other TRON tokens,” He added”Soon, Opera users will be able to use dApps on the TRON blockchain. “
Do you think Tron will lead the blockchain-based internet in the future? Please share your views with us. 
The post Opera Plans To Support Tron DApps and TRC-20 Tokens on its Web3 Browser appeared first on Coingape.
Source: CoinGape

Justin Sun: Tron [TRX] and BitTorrent [BTT] Ranks Will Soar by Q2; Does Sun have New Plans?

The native token of major smart contract and dapp platform Tron has been down for some time now. Tron was among the top ten cryptocurrencies by the start of 2019. The asset even moved from the tenth spot to become the 8th largest cryptocurrency by market cap on Coin Market Cap within 48 hours. Those days may be long gone now, but Tron CEO Justin  Sun says Tron will be back among the top ten assets by June 2019.
BitTorrent will not be left behind
Sun made a statement on Twitter in the early hours of 7 May that sounded like a bet. In addition to bringing Tron back up among the top ten cryptocurrencies, he said BitTorrent will also be among the top 30 assets by the end of Q2. BTT is currently the 49th largest cryptocurrency while TRX recently came up to the 11th position.
BitTorrent has seen some significant price surges earlier in the year especially after its initial offering. Notably, the asset surged by 500% within a week in early February and has been among the top performing assets since then. TRX, however, has not been doing very well but is now on its way up too, thanks to the ongoing green market that is carrying everyone along.
Also Read: USDT-Tron Stablecoin Launched on the Tron Network by Tether
Does Justin Sun have plans we don’t know about?
The Tron CEO said at the beginning of the year that he had programs lined up that will make Tron a top blockchain platform. Some of the programs he has implemented so far are the Tron Accelerator Program which was intended to lure developers to Tron. So far, the platform has recorded significant progress with the number of dapps, smart contracts, and daily active users since the Accelerator program. As at last week, the platform had 400 dapps and nearly 900 smart contracts.
Things have not been very good for TRX all the same, does Sun have other plans we are yet to know about that can push Tron and BTT up the ladder to make such promises of bringing these assets up within about 2 months? Only time will tell.
The post Justin Sun: Tron [TRX] and BitTorrent [BTT] Ranks Will Soar by Q2; Does Sun have New Plans? appeared first on Coingape.
Source: CoinGape

QTUM Partners with Google Cloud To Allow Development of Dapps and Staking

QTUM has established a partnership with Google Cloud to further release its open-source client for staking and developing on the cloud itself. A complete set of the free-to-use tool will provide for the development of smart contracts and Decentralized Application (Dapps). It will also increase the ease of access for non-technical users in issuing and also staking/forging Tokens.
Qtum has launched a full scale of tools which is free of cost. Earlier, the developers and stakeholders had to set up the tools and nodes separately. However, an automatically updated open-source, a free suite of tools are made available on the Google Cloud. Qtum aims to bridge the gap between real-world applications and communities of like Bitcoin and Ethereum alike.
Miguel Palencia, Qtum CIO noted that:
“Qtum’s new developer suite introduces helpful shortcuts and tools to make it faster and easier. With a more accessible technology, we hope to open up and expand the Qtum community to include people with a broader range of experience — from experts to the everyday user.”
The Qtum developer toolkit includes Qtum Core, a Solidity Compiler, Qmix IDE, Solar (smart contracts deployment tool), Qt-dev libraries, and all other necessary libraries and tools to develop dApps.
Price Change
The price of QTUM at 14: 45 Hours UTC on 2nd May 2019 is $2.60. It is trading 8.6% higher on a daily scale. Nevertheless, QTUM has corrected almost 97.5% from its All-Time High of $106.88 reached in the bull run of December 2017.
QTUM/USD 1-Day Chart on Kraken (TradingView)
Google cloud also has extended support for the high-demand public dataset which includes cryptocurrencies: Dash, Bitcoin Cash (BCH), Dogecoin, Zcash (ZEC) and Litecoin (LTC) as well. It provides the statistic and data for analyzing the projects without any hindrance.
Do you think QTUM will reach its past glory days again or it was fueled only by speculation? Please share your views with us.
The post QTUM Partners with Google Cloud To Allow Development of Dapps and Staking appeared first on Coingape.
Source: CoinGape

Has TronBank Dapp Attack Open Doors to Tron Dapps Vulnerabilities?

Tron has been growing its Dapp ecosystem at a really great speed and has been boasting about its agility, non-congested network, and security. But this statement is slowly falling apart as Tron’s Dapp TronBank recently got targeted with fake coins. Now the question lies ahead has this attack open doors to vulnerabilities in Tron’s dapp ecosystem.
TRON DApps May Become A New Target for Hackers feels Beosin security team
On April 10, 2019, TRON DApp TronBank was targeted by fake coins and nearly 170 million BTT tokens were stolen. The attacker created fake coins called BTTx to initiate “Invest” function to the contract, and the contract did not determine whether the sender’s token ID was consistent with real BTT ID 1002000.
While the attack came as a shock to many, security firm SlowMist released a tweet explaining how the vulnerabilities of TRC 10 token standard was exploited.
Slowmist concluded that the TronBank contract was could not judge msg.tokenid , which is the tag value in the message call, in the invest function allowing any token (even fake tokens) to be transferred in and the contract considered it as real BTT. With fake BTT accepted, the attacker now has balance and can call for withdrawal thus extracting the real value of the BTT from the contract.

SlowMist Security Team: TronBank "Fake Token Attack" Analysis pic.twitter.com/xdKC9Dttv8
— SlowMist (@SlowMist_Team) April 11, 2019

While SlowMist took some time to come up with this explanation, On April 11, when checking other open-source codes on Github, China-based security firm Beosin’s risk-control platform, Beosin-Eagle Eye, found that there are other projects with this security issue. The following are the contract addresses with this kind of security issue:
According to the analysis of the Beosin security team, there are two reasons for the above problems:

The developer’s research on the mechanism of the TRON token is insufficient, and the mechanism of the token may just learn from Ethereum’s;
The attacker follows other existing attack methods, like the method of fake EOS.

As a solution to this, Beosin security team suggested that the project parties should simultaneously determine whether “msg.tokenvalue” and “msg.tokenid” meet expectations when receiving the cryptocurrencies. Beosin security team also gives the repaired method of the vulnerable codes. The following Invest functions increase the code: require (msg.tokenid == 1002000); require (msg.tokenvalue >= minimum); minimum is the minimum investment amount.
While there was no direct official communication on this, Justin Sun did tweet of working closely with security firms
Source: Twitter
While a detailed statement could be awaited, Beosin has clearly pointed out how Tron Dapp’s are vulnerable and could be exploited if not repaired soon. Hope this vulnerability doesn’t open flood gates for Tron and ultimately hamper the complete Dapp ecosystem.
Will Tron step up to save its Dapp ecosystem with these vulnerabilities? Do let us know your views on the same.
The post Has TronBank Dapp Attack Open Doors to Tron Dapps Vulnerabilities? appeared first on Coingape.
Source: CoinGape

Opera Launches its Desktop Browser for the Cryptocurrency Enthusiasts

Opera has launched a new version of its web browser, Opera 60, codename Reborn 3 released for Mac, Windows and Linux on Tuesday 9th April 2019.
The new version of the browser includes a cryptocurrency wallet that can be integrated with the existing Opera Wallets on Android.  It will also include Web 3 support which facilitates the Decentralized Applications (Dapps). It will enable the users to access Decentralized Applications on the Ethereum (ETH) blockchain. The inbuilt wallet can also be used to store other Ethereum based tokens as well.
According to the blog post by Opera on Tuesday 9th April 2019:
This makes Opera the first ever Web 3-ready computer browser.
Previously Andriod and other mobile versions of the Web 3 browser have been released. However, this the first for a computer-based browser. A web3 browser interacts directly with the Decentralized Applications on the Blockchain; it replaces the call to the centralized server which was made earlier in the previous web browsers.
According to the blog post by Opera,
Web 3 is an umbrella term for a set of emerging technologies intersecting cryptocurrencies, blockchains and distributed systems that, together, extend the capabilities of the Web we all use today in important and meaningful ways.
It is the decentralized Web, where information is in the hands of the users.
Moreover, the browser has also added a VPN functionality which will strongly favor the crypto-community. VPN or Virtual Private Network replaces the IP address of the user with a virtual address. It will encrypt the location and other information of the user that mustn’t be shared with any other party.
The other popular Decentralized Application browsers include MetaMask, an extension of Mozilla Firefox and the New Brave Browser. These browsers are gaining a lot of popularity recently as the number of decentralized applications and smart contracts are increasing on a daily basis.
Do you think crypto-wallets and Dapps Browser will be included by other popular browsers as well? Please share your views with us. 
The post Opera Launches its Desktop Browser for the Cryptocurrency Enthusiasts appeared first on Coingape.
Source: CoinGape

Ethereum Rallies Ten Percent Today, Will ETH Continue to $200?

Ethereum generally missed out on last week’s big Bitcoin induced crypto rally as gains were way less than other digital assets such as Litecoin or Bitcoin Cash. ETH has woken up today though and is currently over 10% up as it approaches critical resistance levels.
ETH Nears Five Month High
From around $165 this time yesterday, Ethereum has woken up and surged to just below $185 over the past few hours. It is finally back at prices in mid-November before the big capitulation that resulted in markets falling to their lowest levels for 18 months.
Ethereum prices 24 hours. Counmarketcap.com
Daily volume has increased to $8.7 billion which is the highest ETH has seen for over a year. Ethereum market cap is approaching $20 billion which has enabled it to double the gap to third placed XRP which hasn’t done much at all recently.
Ethereum is reaching a critical stage though as it approaches the 200 day moving average which is traditionally a very strong level of resistance.

#ETH just hit 200 Day Moving Average, watch closely for price action
— ScienceGuy9489 (@ScienceGuy9489) April 8, 2019

The next major level of resistance if Ethereum does not pull back at the 200 MA is $200. It is a big ask but if the bulls maintain buying pressure on Ethereum it could surge all the way up to $250 in a short space of time;

[7 Apr] $ETH/USD was under the resistance zone on 5th Apr and we wanted it to retest the target#1 ($183). Today, it has done it.
Now, it'll face some resistance until $200. Once that's crossed, the target#2 of $149 would be highly probable.#ETH #Ethereum #blockchain #Crypto pic.twitter.com/0PTi3mrVNT
— Mihir Naik (@MihirNaik19) April 8, 2019

Fundamentals Still Good
Ethereum has taken a bashing in the media lately as rival platforms EOS and Tron surpass it in terms of active dApps. However, the second largest crypto asset on the globe is not in its death throes, in fact quite the opposite. Industry expert Anthony Sassano has compared Ethereum vital statistics from the last time it broke above $150 back in May 2017.

Ether first hit $150 on May 22nd 2017 – how has the Ethereum network grown since then? pic.twitter.com/woggzoXLkk
— Anthony Sassano (@sassal0x) April 5, 2019

The growth of the network is plain to see here with pretty much every metric substantially higher than it was two years ago. Prices aside, the fundamentals of this network are still very strong but it should be noted that Ethereum did not really have any real competitors back in early 2017. No EOS, Tron or Cardano in May 2017, the top four was exactly the same as today, and Ethereum Classic was seventh.
According to Trustnodes almost half a billion dollars worth of ETH is now locked up in decentralized applications. Maker DAO’s DAI holds the most with around 2.2 million ETH, with Ethereum Name Service (ENS) coming in second.
Ethereum has a long way to go and is still at the very early stages of development. Co-founder Vitalik Buterin has touted the Serenity upgrade as way to move Ethereum forward to become a next generation blockchain platform. The long awaited scaling solutions and the launch of Ethereum 2.0 will no doubt propel the platform back into contention with its rivals.
In the meantime traders are looking at a push towards $200 again but considering Ethereum’s recent performance they may have to wait a little longer.
Image from Shutterstock
The post Ethereum Rallies Ten Percent Today, Will ETH Continue to $200? appeared first on NewsBTC.
Source: New feedNewsBTC.com

EOS Leads In Numbers But Tron Remains Stronger in the Dapp Battle: Q1 2019 Report

Dapps are considered to the future of the decentralized world and the project that stays ahead in this battle would be at the top. Hence nearly all project are trying to enter this race but its EOS that is currently leading the Dapp battle in categories of total users, volume and transactions
Ethereum struggles to keep up the pace with EOS and Tron
Dapps and its underlying smart contracts were introduced by Ethereum and it was the undisputed champion of the Dapp world. But past one year has been really tough for Ethereum as its blockchain has remained congested and has taken away performance from the Dapps. Ethereum has lost a lot of Dapps to its rivals, EOS, and Tron, making it very difficult for Ethereum to make a comeback.
The recent Dapp numbers collated by the website Dapp Review shows a very dismal performance by Ethereum indicating things are still far for being normal for the second largest coin by market cap. The ecosystem data shows EOS at the top while Tron has been making giant strides moving ahead of Ethereum. The total users for EOS have been 1 million while for Tron the number stands 484860 while Ethereum users were just 78740. The same was in terms of volumes where EOS saw a little under USD 100 million in volume, whereas figures for Tron were over 84 million and for Ethereum it was over 28 million.
Source: Dapp Review
The only place where Ethereum stands out is the number of Dapp it holds which as on April 3 stands 1698, compared to 472 of EOS and 372 on Tron. But the way this dynamics is changing and if Ethereum doesn’t find a solution for itself it may soon go down here as well.
The ecosystem also has grown fantastically with total Dapps now standing at 2499 with 24h volume in USD at 35,039,578 and total smart contracts executed at 6550.
source: dapp review
According to categories Casino and Gambling Dapps still, occupy the larger share with over 58%. This is followed by gaming at 15%, Others at 14.14% Market place at 5.7%, High-risk apps at 5.7% and social Dapps at 1.48%
Source: Dapp.review
With Dapp ecosystem growing at this pace, Ethereum and Vitalik will have to really move quickly if they do not want Ethereum to be thrown off this race
Will Ethereum be able to come back in the race? Do let us know your views on the same.
The post EOS Leads In Numbers But Tron Remains Stronger in the Dapp Battle: Q1 2019 Report appeared first on Coingape.
Source: CoinGape

Tron DApps Weekly Report: DApp count reaches 246 as Tron achieves new blockchain height

The past week saw major changes in the standings of major cryptocurrencies. However, Tron [TRX] was unable to make it back to the top 10 cryptocurrencies list on CoinMarketCap. The Tron Foundation had different reasons to celebrate this week after it surpassed a blockchain height of over 8 million. The Tron DApps weekly report highlighted other developments in the DApp community.
The Tron ecosystem exceeded the 2.3 million accounts. The number of DApps rose by 10 and came up to 246, this week. The report states that the ecosystem of the 11 largest cryptocurrencies, at press time, had developed enough to move from ‘inviting developers to develop’ to ‘developers coming to us voluntarily.’
The report shared users’ experiences from Tron Bird, a collectible game. It gives players a bird egg with 300 TRX to hatch and the birds hatching from different eggs have different levels and features. Tron Raider bash is the second game highlighted in the report, released on 1 April. The players can win a maximum of 10,000 TRX from each round in this game.
The final DApp that the report talked about was a Decentralized Exchange [DEX] which was developed on Tron, called FLashDex. According to the report, FLashDex will support the TRC20 token, USDT-Tron released by Tron and Tether. It will also support the airdrop plan for USDT-Tron holders.
Tron games will join LBank in the future, to bring more players and DApps developers to the DApp game ecosystem of Tron. According to the previous report, Tron had more than 320 active DApps, generating one million transactions a day.
Tron has been focused on creating Web 4.0. To keep up with growth and development, Justin Sun, Tron Foundation’s CEO, recently announced ‘Sun Network,’ to provide solutions to achieve 100X scalability. Sun Tweeted,
“#TRON will release the detail of #Sun Network soon! #SUNNetwork is our layer 2 solution to achieve 100X scalability. #TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch. GO #TRX and #BTT! #BitTorrent #BTT #TRX”
Sun had informed the twitterverse that the details related to Sun Network would be announced soon.
The post Tron DApps Weekly Report: DApp count reaches 246 as Tron achieves new blockchain height appeared first on AMBCrypto.
Source: AMB Crypto

Tron [TRX] DApp Weekly Report: DApp users favor gambling, high-risk ROI

Tron [TRX], the tenth largest coin on CoinMarketCap, was on a bull ride after the market turned green. The market performance of the token fell in line with the performance of Tron DApps as users spent $31 million on DApps in a single day. The weekly update on DApps was recently released, informing users about the developments in the Tron ecosystem.
The report suggested that among all the DApps on Tron, gambling DApps and high-risk ROI DApps were the most active. Contrarily, collectible games, PVP battling games, puzzle games, board games, and card games managed to survive for only a short period of time
The Foundation observed that new DApps on Tron were high-risk ROI DApps, and the market favored gambling apps and the ROI Apps, a high-risk application. However, the report noted that gambling applications were failing to excite users because of their redundancy, playing a major role in users choosing high-risk ROI applications.
The DApps market was on a path of recovery and reflected a significant increase in the number of users and trading volume. The daily average trading volume of the coin was noted to be over $17 million in the past seven days, resulting in it becoming the public chain with the largest trading volume in the DApp ecosystem.
Tron DApps overtook EOS and ETH in terms of trading volume. According to reports, Tron’s account numbers crossed 2 million last week and the growth exceeded that of EOS and ETH. This suggested that many DApps were choosing Tron over its other competitors as their first public chain.
Tron [TRX], at press time, was valued at $0.0235 with a market cap of $1.57 billion. The token noted a 24-hour trading volume of $174 million, while noting a growth of 4.01% over the past day. Over the week, the token reported a growth of 4.32%, and it continued to rise by 0.16% within the past hour, at press time.
The post Tron [TRX] DApp Weekly Report: DApp users favor gambling, high-risk ROI appeared first on AMBCrypto.
Source: AMB Crypto

Samsung Unveils Galaxy S10 dApps, Believed to Save the Dwindling Crypto Market

Samsung Unveils Galaxy S10 dApps, Believed to Save the Dwindling Crypto Market
Samsung may have offered the entire crypto market a lifeline through the introduction of new devices with built-in crypto support features enabling users to transact using digital tokens.
Samsung Unveils Galaxy S10 dApps, Believed to Save the Dwindling Crypto Market

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron [TRX] DApp weekly report: DApp roster continues to increase as hype for games decreases

Tron’s [TRX] efforts to push cryptocurrencies into the mainstream realm have been quite evident. The latest updates and developments in the realm were mentioned in the latest Tron DApp Weekly Report, which covered the organization’s progress in the DApp and applications department.
The report stated that over the course of the last week, 10 new DApps were added with a weekly growth rate of 5.9%. The new DApps were mostly game and game DApps. The number of smart contracts reached 448, with a weekly growth rate of 5.9%, maintaining steady growth. Tron further stated,
“According to the data from tron.app, Tron’s DApp daily users fluctuated between 40,000 and 50,000 in recent weeks and were in a relatively stable state. In order to break the deadlock in the DApp ecosystem, some DApp developers are beginning to focus on the gameplay and strategy of DApp, trying to make a breakthrough in gameplay. We believe that in the second quarter, Tron will gradually launch more DApps with a variety and higher maturity.”
Tron also covered the economic aspect of the DApp ecosystem as evidenced by the report. It revealed that an average player on the Tron ecosystem spent $102.4 a day, a number that is much higher than traditional game applications. The Foundation admitted that the hype for DApp games was fading, causing a dip in average spending on games.
The Justin Sun led company made it a point to create partnerships and tie-ups to ensure the propagation of the industry, as shown by the report. Last week, DDEX and the decentralized exchange with whom Tron collaborated, officially released the beta version. This became DDEX’s second decentralized exchange deployed on the public chain after the Ethereum public chain.
Tron’s latest acquisition BitTorrent was not far away from the news either, with Justin Sun talking about a new hybrid method to integrate the BitTorrent token with Tron. Sun said,
“We are currently working on a new live/social media app and looking for ways to integrate BTT on it! By doing that we aim to empower a new generation of content creators to distribute their content without a middleman and offer a very authentic channel for the fans to connect with their idols and the content creators with their audience.”
The post Tron [TRX] DApp weekly report: DApp roster continues to increase as hype for games decreases appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum [ETH] dApp users drop as EOS and Tron dominate the market

EOS tops the dApps chart with its PRA CandyBox listing on blockchain dApps website, Dapp Radar. In the list of the most popular dApps on the website, EOS is in competition with Tron’s dApps. However, this finding is not good news for Ethereum [ETH] as it holds only one dApp in the top 30. On the other hand, EOS has 13 of its dApps listed.
Ethereum’s platform has a total of 1,812 dApps against the 323 dApps that EOS has. On the contrary, a recent report suggests that more than 50% of EOS dApps are used per day, while only a mere 10% of the ETH dApps were used daily.
A huge disparity is noted in terms of the volume of transactions per day on the two blockchains. Transactions on the Ethereum network are around 200,000 per day while EOS executes 450,000 transactions per day.
According to charts published by dApp Radar, daily users of the ETH dApps from December 2017 to February 2018 shaped a large volume, rallying above 17000. The numbers fell for a period of three months but continued to maintain a minimum user base of 8500.
The lowest phase recorded for the dApps on Ethereum was registered in July 2018, when the users per day fell below 8000. Gaming is the most popular space on the ETH platform with 1535 users, while gambling, exchanges and marketplaces have 1535, 800 and 162 users respectively.
Besides, another dApp to join the EOS bandwagon is NEO network’s Effect, the popular AI-powered dApp. It was launched on the NEO blockchain in 2017 and will migrate to the EOS decentralized platform soon.
The reason cited by Jesse Eisses, CTO of Effect.AI stated:
“The current implementation of the blockchain can’t get to the promised transaction throughput and the smart contract compilers besides C# are still immature.”
The post Ethereum [ETH] dApp users drop as EOS and Tron dominate the market appeared first on AMBCrypto.
Source: AMB Crypto

EOS: EOSIO rolls out new update; claims to improve transaction speed by up to 35%

The EOS network officially announced the release of EOSIO version 1.6.0 in a move that is all set to substantially boost performance and efficiency of the application. The move, announced via EOSIO’s official Medium blog post, is not only an upgrade of its previous version 1.5.0, but has promised to speed up transaction speed among other significant improvements.
The new version 1.6.0 is designed to make sure that it remains one of the fastest protocols in the market, one in tune with the needs and requirements of developers on the EOS network.
In fact, EOSIO has already claimed that it has witnessed a 35% increase in transaction speeds, as well as notable improvements in reduced CPU costs and lower latency on EOSIO based blockchains.
Source: Twitter
EOSIO has also sought to improve and streamline the ‘creation, development and testing’ of smart contracts on its network. As the Medium blog suggests:
“EOSIO.CDT is designed to provide added support for Gnu & C++ 11 style and should create a more reliant way of declaring your smart contract structure and associated data structures when building an application.”
Furthermore, a new tool that generates a basic template and structure for smart contract development was also incorporated in the said update.
Finally, EOS has also marked each of these updates as Release Candidates and will be collecting user and developer feedback on each one of them.
Presently, EOS, as a cryptocurrency, has a market cap of over $2.11 billion. However, the nature of EOS makes it more than just a cryptocurrency. EOS is a revolutionary blockchain protocol that works more as a platform for a diverse set of decentralized applications, all of which can have a wider utility. EOS’s efforts at improving the efficiency of the peer-to-peer networking layer as well as raising transaction speeds significantly make it a platform to keep an eye out for.
The post EOS: EOSIO rolls out new update; claims to improve transaction speed by up to 35% appeared first on AMBCrypto.
Source: AMB Crypto

Ontology Confirms Its dApp Incentives Model, Will Offer 60 % ONG Rebate For dApp Developers

While the battle of dApp between Ethereum, Tron, and EOS are at its peak, another prominent entrant has joined the race. According to the latest announcement Ontology has confirmed its dApp incentive model and it will be providing 60% dApp transaction fee rebate to developers.
Ontology releases four new incentive models to lure dApp developers
According to the recent development put forward by Ontology on its official medium channel, the project has decided and confirmed its unique four new incentive models for the developers who use the Ontology dApp ecosystem to launch their dApp. The official states
“We would now like to announce that during the first three months (April 1st to June 30th) we will be giving an early bird offer of 60% dApp transaction fee rebate to developers”
The models that have been confirmed by the project are same as the once that were suggested in last week of December, where the project had stated that the Ontology Foundation will trial the models for one year — from April 1st, 2019 to April 1st, 2020 — during which time the rules will not change. The period before April 2019 will be used for technology development and preparation.
The four models suggested were

Model A: Transaction fee rebate: 50% of all transaction fees (ONG) generated by a dApp will be returned to the dApp developer. By this model, Ontology wants to encourage intuitive and effective dApps developers
Model B: Active dApp incentives: The second suggested model is based on rewarding dApps which rank in the top 50 in activity. Under this model, The Ontology Foundation will award a total of 100,000,000 ONT and 100,000,000 ONG to the developers with the most active dApps in regular quotas. The incentive ranking is determined by the project based on dApp’s active users and transaction volume. This model comes up with a caution note which says After one year of trial operation, the Foundation will determine whether to adjust the model based on community feedback and if dApp activity is found to be manipulated, a penalty will be issued. This model is not applicable for Gambling dApps
Model C: dApp development loan program: This model has been introduced by the foundation to help developers jumpstart building their dApps on Ontology. For developers who start developing without funding, the loan program will provide financial support right from the beginning. Developers can use the loan borrowed from the Ontology Foundation for their initial phase of dApp development, testing, and operation until it is up and running smoothly. The repayment of this loan will be paid in two equal installments- first when 70% of the of the development process is complete. The second installment will be issued when the dApp goes live.
Model D: Technical and marketing support: By this model, the project wants to improve development efficiency and operational effectiveness through technical and marketing support. Under this model, Ontology will assign a project owner to help develop and market the dApp throughout its life cycle. This model is also applicable to developers with financial support for development and operation in Incentive Model A and B. Under the support program, the project would provide the following services

Technical Support

Providing protocols to help dApps achieve the scan-to-play feature (ONTO is the first mobile app that supports such function).
Guidance on the use of the TS-SDK.
Coding instructions and auditing of smart contracts.

Marketing support

Global community sharing: The news shared covered over 200,000 users over 36 channels on 11 social media platforms.
Global marketing operations: event planning, poster design, news releases, local advertising, real-time community maintenance, and feedback.

The model provided by Ontology are definitely enviable and would be really enticing for the developer to miss on them and Ontology may soon be challenging its competitors in the dApp ecosystem race.
Will Ontology come out as a top performing dApp ecosystem provider? DO let us know your views on the same.
The post Ontology Confirms Its dApp Incentives Model, Will Offer 60 % ONG Rebate For dApp Developers appeared first on Coingape.
Source: CoinGape

Tron Breaks $2 Billion, Takes 8th Place Reaching 5 Month High

Cryptocurrency markets have been somewhat sideways for the last three weeks or so. Only a couple of cryptos have seen good enough gains to propel them up the market capitalization chart and Tron is one of them as it breaks the $2 billion barrier.
Tron Forging On, 60% Gains in a Week
At the time of writing Tron’s TRX token is the best performing crypto asset in the top one hundred. With a 23% gain on the day it is surging up the market cap charts and has just taken eighth spot. Yesterday TRX daily volume doubled as it increased the gap away from the flailing Bitcoin SV. Today that volume has doubled again from $200 to $400 million.
A few hours ago Tron has just exceeded $2 billion market cap which makes it the eighth largest cryptocurrency in the world. Tron is currently trading at a five month high of $0.0320, a price not visited since the end of July last year. TRX is at its highest satoshi level since May 2018, currently trading at 790 sats.

This increased market cap has placed TRX above Tether which has a fixed cap of $1.92 billion. Tron is currently on $2.13 billion at the time of writing and chasing down Litecoin just above it on $2.35 billion. The gap between Tron’s current position and one in the top four is just $700 million.
Naturally Justin Sun had to gloat on twitter, but in all fairness his token is outperforming every other crypto in the top one hundred during the day’s Asian trading session;

Who’s next? #TRON $TRX $BTT pic.twitter.com/6cn3lUOnDz
— Justin Sun (@justinsuntron) January 9, 2019

Momentum is coming from a number of positive fundamentals including the progression of Project Atlas, BitTorrent’s BTT token launch, increased gaming dApp usage as TronGoo takes top spot, OKEx launching TRX margin trading, and the hiring of a former United States SEC supervisory attorney as its first chief compliance officer.
This is all good gravy for Tron which has made an impressive 60% since the same time last Thursday, and 135% over the past month.
Elsewhere in the top ten the gap between second and third is diminishing again as Ethereum fails to hold gains allowing XRP to catch up. At the time of writing the two were only $450 million apart in terms of market cap. Cardano has also made good progress over the past week and is rapidly closing on Bitcoin SV which appears to have run out of steam and is about to exit the top ten.
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Source: New feedNewsBTC.com