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TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability
TRON’s founder, Justin Sun, has announced that the first version of Sun Network’s code is released. According to Sun, the side chain is one of TRON’s 100X scalability solutions.
TRON’s Sun Network V1.0 Code Is Released to Allow Unlimited Scalability
Continue reading at Coinspeaker
Reportedly, Justin Sun has been accused of fraud and illegal cybercrimes at the Chinese Courts. According to Chinese media sources, Justin is prohibited from leaving the country until the accusations against him are cleared.
According to the findings of the 21st Century Business Herald reporter, Justin Sun’s endeavors in China with Wave Foundation and Accompanying Me mobile application are, in reality, a ponzi scam and pornographic portal. According to the report, the mobile app also has some direct role in prostitution.
Recently, the Chinese office of Tron was stormed by the public after a woman attempted to commit suicide due to the financial losses faced in the ponzi scam. Tron Foundation and Justin Sun has denied all accusations and projected that Tron’s brand image was being exploited and they were not involved.
The news came at in the wake of the postponement of lunch with Warren Buffet by Justin Sun. Sun, who was very excited about the lunch and has accepted invitations of four other crypto-leaders from the industry.
This morning on 23rd July, he postponed the lunch until further notice due to kidney stones. However, the Chinese media reported that Justin might be detained at the Chinese Mainland until further notice because of the pending cases against him.
Sun is Admitted to the Hospital, Rebukes All Allegations
Justin Sun has replied to the Chinese crypto community on Weibo stating that all claims are false. According to him, Wave Foundation is not a front for money laundering, but an R&D firm based in Singapore. He clarified is a social media post,
There is no legal capital and cryptocurrency withdrawal channel for capital flow, and the nature of the business determines that it is only related to technology development.
On Accompanying me Mobile App, he said that the application is harmless and the users itself have spread the illicit graphic content. Moreover, he said that it is a ‘voice social product.’
Last but not least, he reaffirmed the people that he is willing to hold an open talk with the Chinese media. In another post, he also said that he had been admitted to the hospital. He said,
…The donation to the Glide Foundation has been completed and is still valid.
Furthermore, the after-party organized post-lunch will also go forward as planned without Sun in the US.
Do you think that the allegations against Justin Sun are true? Please share your views with us.
The post Is Justin Sun Prohibited From Leaving China Due to Legal Issues? – Sun Clarifies appeared first on Coingape.
The weekend is getting quite exciting for TRX holders as the value of XRP began surging. TRX, which was ranked as the 11th spot had recently outperformed to capture the 10th largest cryptocurrency rank on the graph of Coinmarketcap (CMC).
TRX Ranks #10
TRON (TRX) is currently standing on the 10th spot on CMC by enjoying the growth of 11.52 percent over the past 24 hours. At the moment, the token is trading at $0.028 against the US Dollar with a current market cap $1,888,792,651.
Data provided by CMC states that TRX is largely traded against USDT (Tether), BTC (Bitcoin), majorly on OKEx, BW.com, HitBTC, DigiFinex, IDCM, Huobi Global, Binance and more.
While the community is still determining the reason behind the spike in the value of TRX, few observers think that it can be an indirect influence of TRX’s recent adoption by a New York-based fintech company, Carbon. Subsequently, reports surfaced on July 18, revealing the partnership between Tron and Carbon, a FinTech company that aims at making blockchain apps more user-friendly.
Partnership Between TRON & Carbon
Per the partnership, Carbon supports TRON blockchain by enabling credit card purchases of cryptocurrencies via Carbon’s fiat gateway product, Fiber. It means that users can purchase any TRC20 tokens and other cryptocurrencies with the credit card. To do this, users will have to use Carbon exchange, Carbon-enabled wallet or through a dApp which will allow users to receive RX, BTT or TRXD stablecoin within minutes. Besides, users can also engage with the credit and debit card purchases even outside of the United States.
Talking about the latest collaboration, Justin Sun, founder of the TRON Foundation and current CEO of BitTorrent states that;
“We’re always looking for simplicity and ease of use for the TRON community, and these types of collaborations are extremely important to bringing buyers and sellers together in our growing dApp ecosystem.”
Carbon is working on making credit & debit card payments streamlined to purchase tokens. The press release further reads that the decentralized financial product like TRXD, Fiber and TRON’s other integration will act as the backbone of a robust ecosystem that enhances its reach across a number of users.
Image Source – Carbon Blog
The post TRON [TRX] is Up with Over 11% Amidst New Partnership with NY Fintech Firm appeared first on Coingape.
Asset Providers Can Now Issue Security Tokens on Tron Blockchain
The partnership between Tron and Swarm will offer asset providers a possibility to issue security tokens on the Tron network.
Asset Providers Can Now Issue Security Tokens on Tron Blockchain
Continue reading at Coinspeaker
Tron [TRX], the tenth largest cryptocurrency on CoinMarketCap, saw only a minimal rise in prices over the past few days. However, Tron Foundation was still working towards making the token more prominent and released its weekly report elucidating the Foundation’s developments.
The Foundation mentioned that on the technical front, the deferred transaction cost model was completed. Along with the cost model, the Foundation organized documents on multi-signature. However, the development of anonymous transactions on wallets is still a work in progress, the report said. The Foundation is also working towards designing sidechain infrastructure.
The report spoke about the recent Tron Odyssey 3.5 update and mentioned that the Foundation named the upgrade Qinghai Consensus. The foundation will keep SR nodes, exchange nodes, and API nodes in close contact for the upgrade. As for Tron DApps, March 4 recorded an average daily transaction volume of 71.68 million RMB, surpassing EOS.
The report also mentioned the recent Tron and Tether collaboration to issue USDT tokens. This partnership between Tron and Tether is an important milestone in the development of Tron as a project. Tether and Tron are aiming to launch USDT on Tron early in the second quarter. Apart from this partnership, Hydro Protocol officially launched DDEX, a decentralized exchange based on Tron’s public chain. This could provide users with safe and transparent liquidity, claimed the report.
The report also highlighted BitTorrent’s [BTT] listing on 35 exchanges, along with the second round of BTT airdrop. The Foundation also informed users about three new incentive programs for BitTorrent and uTorrent users, partners, and Ecosystems.
The report concluded by notifying Tron holders about the tenth largest coin being listed on AnyBit and 898 OTC. Apart from the two, BitMarrt, another prominent trading platform, also listed BTT.
The post Tron [TRX] Weekly Report: Foundation to initiate USDT launch in early second quarter appeared first on AMBCrypto.
Source: AMB Crypto
Tron price fall 5.1 percent but is still bullish
David Labhart joins the Tron Foundation as Head of Compliance
Bear volumes high and above average–61 million versus 23 million
In light of today’s candlestick arrangement and level of participation, TRX is likely to drop to 2.5 cents. However, should it found support; the bounce will see TRX clear 3 cents as bulls march to 4 cents by mid-February.
Tron Price Analysis
At ninth, TRX market cap stands at $1.708 billion and $300 million away from flipping Litecoin as the eighth most valuable coin. Other than that, TRX is down 5.1 percent in the last day but up 32 percent in the previous week meaning the currency is one of the top performers. In line with our TRX/USD price analysis, our bullish stance is still valid, and as long as prices are above 2.5 cents, every low should be a buying opportunity. Targets will remain as before—at 4 cents and later 6 cents.
After spending 15 years dealing with matters law and compliance, the Tron Foundation plans to use David Labhart’s experience. David is a former US SEC supervisory attorney, and by agreeing to join Tron as Head of Compliance and co-General Counsel, it is clear that the foundation’s power wielders are not taking compliance lightly.
By hiring David, it is clear that Justin Sun and company want a clear rapport with financial authorities across the globe. The move is in line with Justin Sun’s ambition of seeing the foundation open up communication channels with regulators ensuring that network development bode well with regulator’s dictates.
Besides, it’s a timely addition coming a week before niTron Summit where regulators, platform users, entrepreneurs, and industry leaders will come together to discuss pertinent issues in the sector aside from establishing useful contacts. On joining Tron, David said:
“Joining TRON is the perfect progression in a career driven by a passion for the frontier of the financial industry; where technology meets regulation. Blockchain and cryptocurrency are the next steps in the evolution of the world’s financial system. I’m excited about Justin’s passion and long-term view of the benefits and potential impact of this new technology.”
With a bear pin bar and high trade volumes, it is hard to recommend buys at spot prices. That’s unless of course a countering high-volume bull bar fading sellers prints in the 4HR chart. That’s unlikely, and chances are we shall have a double bar bear reversal pattern by today’s close. However, that should not be a cause of concern.
To reiterate our stand, we expect bears to drive prices back to 2.5 cents. It is at this level that buyers should be searching for longs in lower time frames in a classic retest phase. Nonetheless, drops below2.5 cents with volumes exceeding averages could spell doom for TRX bulls. In that case, price may sink to 1.1 cents.
Today’s volumes are high—61 million versus 23 million and above Dec 21—45 million against 15 million. Since it is a pin bar, we expect TRX prices to drop back to 2.5 million in a retest phase. If not and bears step in, it is likely that Nov-Dec bear trend will resume.
All charts courtesy of Trading View–BitFinex data streams.
Do your own research. Opinions are those of the author.
The post Tron Price Analysis: TRX Drop to 2.5 Cents Imminent appeared first on NewsBTC.
Source: New feedNewsBTC.com
Justin Sun, the Founder and CEO of Tron Foundation, is well-known for his claims regarding the network’s progress. Importantly, Tron was under the spotlight because of Sun’s claims that it would surpass Ethereum [ETH], the third-largest cryptocurrency by market cap and the leading smart contract platform in the space.
Along with this, Sun has also grasped the attention of the space because of his striking statements against well-known players on the space, including his on-going brawl with Vitalik Buterin. Currently, the Founder is back in the market with another prominent promise to the community.
Sun stated on his official Twitter handle:
“#TRON grows rapidly and has 83 Dapps in @dapp_review now! Mission accomplished! We will surpass EOS on the number of Dapps (now 259) at the end of January, 2019!”
This comes in the limelight after Sun had stated that Tron’s dApps will be surpassing the 80-mark by the end of December 2018, in the month of November 2018. To achieve the same, the Foundation has been focusing on making the network developer friendly. Additionally, the Foundation also introduced Tron Arcade, a game fund of $100 million, which would focus towards the development of the ecosystem for the next three years.
JimmyFranken 1, a Tron enthusiast said:
“The kid bursts of confidence, as he should though… #TRON is changing the game!”
Jules, a Twitterati said:
“Hopefully he’s working just as hard on project atlas as he is on these dapps!”
AR, another Twitterati said:
“Except one or two all of them useless dApps, please make utility dApps that will make #tron to reach higher level!for instance @tronchatdapp.”
Additionally, the Founder recently put forth a proposal for the developers currently based on the Ethereum and EOS platform. Here, Sun has stated that the Foundation would start a fund to “rescue” Ethereum and EOS developer, however, they would be required to meet one condition. The condition is that the developers will be required to shift from their respective platform to Tron.
The post Tron [TRX]’s Justin Sun: Will surpass EOS in terms of dApps by end of January 2019 appeared first on AMBCrypto.
Source: AMB Crypto
The week started with the bull gracing the cryptocurrency market as all the currencies are seen glowing green. Additionally, majority of the currencies are trying to break through their resistance, sprinkling hopes on the investors. The rally started on Monday with all the currencies witnessing a sudden surge as the money started flowing into the market. This includes currencies in the top charts such as Bitcoin [BTC], XRP, Ethereum [ETH], Cardano [ADA], and Tron [TRX].
This week has turned out to be the most spectacle one for Tron [TRX], the tenth largest cryptocurrency by market cap. This is mainly because it marked a new milestone in terms of network transactions, breaching the three million barrier. Moreover, the ecosystem that aims to be a developer friendly one, also saw an overall growth of above 100 million in terms of total network transaction within 173 days.
On this, Tron Foundation said:
“#TRON is growing every day. We welcome more developers to build #DApps on our network with fast transactions per second and low cost.”
Now, it has set another precedent as the total accounts on the mainnet has set a new record, surpassing over 900k accounts. Justin Sun, the CEO and Founder of Tron Foundation said on Twitter:
Justin Sun’s tweet on the mainnet accounts | Source: Twitter
Along with this, the cryptocurrency gained additional support from Binance, the biggest cryptocurrency exchange platform in terms of trade volume. The currency can now be traded on the platform with TrueUSD [TUSD], one of the leading stable coins in the market.
Kno idea Tron, a Twitterati said:
“All..notice everything is increasing simultaneously .. accounts Followers Transactions”
Block Evans, another Twitterati said:
“seriously though, great news, Like Justin Said, just wait 2 more years and see where we are!”
According to CoinMarketCap, at press time, the cryptocurrency was trading at $0.0143 with a market cap of $955.57 million. The coin has a trade volume of $92.52 million and has seen a significant growth of more than 8% in the past seven days.
The post Tron [TRX] sets another precedent in terms of mainnet accounts along with gaining support from Binance appeared first on AMBCrypto.
Source: AMB Crypto
Tron [TRX], the eleventh biggest cryptocurrency, still continues to be the only coin which has been able to successfully dodge most of the bear’s attacks. Along with holding on to a better price position than all the other cryptocurrencies, Tron is also making advancements in terms of developments.
Justin Sun, the CEO and Founder of Tron Foundation said on Twitter:
“#TRON is excited to join the @blockfolio Signal beta, a leader in mobile portfolio tracking and management for the crypto and blockchain industry.”
Blockfolio is a well-known mobile cryptocurrency portfolio tracking and management network. It provides information regarding the price of cryptocurrencies on several exchange platforms. Blockfolio Signal, a communication platform that connects the token teams to the users. This new communication channel will provide users with the latest updates directly from the cryptocurrency team, ensuring a more personal, and transparent relationship.
With Tron being the latest addition, the network provides support to a majority of the top cryptocurrencies in the market. This includes, Bitcoin [BTC], Ethereum [ETH], Monero [XMR], XRP, Bitcoin Cash [BCHABC], Litecoin [LTC], Cardano [ADA], and Stellar Lumens [XLM].
This news comes in the limelight right after Tron marked new milestones in terms of daily transactions and accounts on the network. The network recently recorded over 2 million transactions, and 700k registered accounts, resulting in Sun claiming that Tron is “writing blockchain history.” The Founder also stated that there will be more exciting announcement regarding the project during the niTron Summit 2019.
Moreover, the Foundation announced Tron Arcade, an investment initiative in the gaming industry. Through this, the Foundation will be funding various gaming projects over the next three years, with $100 million reserved for the same. This is with the main agenda of encouraging gaming developers to build on top on Tron, and making it one of the key blockchain ecosystems in the gaming industry. The Foundation has also stated that they will be steeping into various other industries as well including charity, enterprise, entertainment and social media.
The post Tron [TRX] is excited to join Blockfolio Signal beta, says Justin Sun appeared first on AMBCrypto.
Source: AMB Crypto
On 1st October, Tron Foundation released its weekly report outlining all the activities and projects they were involved in over the past week. The report covered aspects of technical development, community activities and more.
According to the report, in terms of structural completion, improvements were made to the Tron Virtual Machine [TVM] test cases [A group of conditions under which a tester will conclude whether the features of the TVM, which is under test, complies with requirements].
Additionally, the Tron technical team was able to successfully complete multi-signature related unit testing [wherein individual units of source code are tested to conclude whether they are capable for use or not] for the Tron wallet.
The report further confirmed that they optimized Tron’s memory database with sufficient headway made in building a database snapshot service.
With regards to Tron’s network, the technical team is in process of testing the UPnP [Universal Plug and Play is a group of networking protocols that allows network devices to discover each other’s network]. The team also worked on their research for a new anonymous transaction scheme for the wallet.
Furthermore, the Tron Foundation is working with Blockchain Charity Foundation [BCF], an organization owned by Binance, to advance sustainable development of nations in Asia and the Pacific with the implementation of blockchain technology.
Justin Sun, the Founder and CEO of Tron Foundation stated:
“Tron is looking forward to partnering with BCF, working side by side with industry leaders to help realize the sustainable development goals of the UN with blockchain technologies.”
As per the report, the Tron’s MainNet Token Migration was successfully completed on the Bithumb exchange platform on the 22nd of September and services to deposit of TRX has resumed on the exchange platform.
The post Tron Foundation releases weekly report; all set to work with Binance’s BCF appeared first on AMBCrypto.
Source: AMB Crypto
Tron [TRX] became the most controversial coin in the market because of the acquisition of BitTorrent, one of the biggest Torrent platform in the world. The rumors of the speculation were going on in the market since September 2017, which was confirmed by both the parties a few months back.
The acquisition led to Tron becoming the largest decentralized ecosystem in the world. Ever since its inception, Tron has been working towards Decentralizing the Internet and BitTorrent has also been working with a similar idea, Democratize the Internet.
Justin Sun, the Founder and CEO of Tron Foundation, during the launch of the beta version of Tron Virtual Machine, announced that BitTorrent would be integrated with Tron and unveiled Project Atlas. New information regarding the project was announced during the TVM launch.
According to the Founder, the integration is going to add on to the global payment and settlement of the online content. For this, an inclined token and a custom token will be introduced, this is also going to eradicate the limitations of BitTorrent.
In addition, users are going to earn token for uploading content on the platform and incentivize them to continue seeding even after the completion of the download. The CEO of the Foundation stated that there would be no mining activities involved in the project and that the users will have to use only the tokens which are provided by the platform.
While a part of the community is rejoicing stating that BitTorrent is going to become the next Netflix, a part of the community is concerned over the execution of the plan.
The main reason for this is the possible lawsuits against the Foundation in the future. This is because most of the available content is pirated on BitTorrent. If there is value added to the pirated content, then it would draw the attention of all the intellectual property owners. This would in a way pave a path for innumerable lawsuits.
1117777111, a Redditor said:
“BitTorrent got away with a lot because there were no financial transactions taking place – made it difficult to really justify court orders and targeted legal action. As soon as you add a value transaction to piracy it would become one of the biggest targets of intellectual property lawsuits the piracy space has ever seen”
The Redditor further adds:
“This acquisition is interesting and all, but it also concerns me that they have no idea what they’ve gotten themselves into. These organizations have more than enough power to shut down Tron Foundation activities in many countries if they don’t do this properly.”
“While torrents are widely used for illegal content, it’s also used by open source companies to distribute large files and reduce their operational expenses. Yes, there may be illegal content on torrent networks, but this has nothing to do with Tron or their plan to integrate.”
The Reddit user further adds:
“It may be possible that it’s used for something illegal, the legal aspect will likely far outweigh the illegal and it will be akin to the internet with good and bad and memes. Except this would be a distributed internet where you cannot block the memes.”
The post Tron [TRX] community concerned over the execution of Project Atlas appeared first on AMBCrypto.
Source: AMB Crypto
On 30th August, Justin Sun, the CEO and Founder of Tron Foundation, spoke about the business collaboration of Tron and the recent reward proposal made by the Foundation.
Justin Sun said that the TRX payment channel has taken another step towards expansion. This is because of the recent partnership with Pornhub, one of the biggest adult entertainment industry. This also includes the collaboration with Bitcoin Superstore, a cryptocurrency only store which enables users to purchase products from over 20000 online retail stores.
Moreover, according to the Founder, several more business have stepped forward and shown their support for TRX payment. This would ensure that TRX payment becomes trendy at home and abroad and in turn, will be widely used by people on a day-to-day basis.
Justin further added that Tron has established a partnership with the social media giant, Line and that the token has been successfully listed in the Bitbox exchange. In addition to this, TRX has been listed on various exchange platforms. This includes Kryptono, CoinSwitch, Coinex, Bitnovo, Kucoin, and Atomic.
Furthermore, the Tron community has witnessed a significant growth. The followers on Justin’s personal account and the Tron Foundation is nearing 1 million on Facebook. Tron has also been continuously topped the rank for Twitter discussions.
The CEO of Tron Foundation confirmed the acquisition of Blokchain.org. Justin said:
“…on August 11th, Tron has completed the acquisition of the top level domain name, blockchain.org”
He further added that the domain will be used as an integrated one-stop and number one searching platform. The platform would incorporate big data analysis, interesting news articles and blockchain search which would provide free services to enterprises and the industry.
“The development of the industry relies on all the participants to play this part. Tron has the capability and the responsibility to contribute to the developments of the industry.”
Justin also spoke about the proposal made by the Tron Foundation on 13th August 2018. The proposal was pertaining the rewards for the Tron Super Representative candidates. The reward is set to increase from 16 TRX for every 3 seconds to 32 TRX for every 3 seconds. The Tron community will be voting to decide whether to pass the proposal.
According to Justin, if the proposal is approved by the community, then it would further help motivate the SR candidates. This will also bring about a great difference in the development of the entire network.
The post Tron’s Justin Sun says collaboration with Pornhub has expanded the TRX payment channel appeared first on AMBCrypto.
Source: AMB Crypto
On 30th August, Justin Sun, the Founder and CEO of Tron Foundation, has announced the official launch of Tron Virtual Machine.
The beta version of the Tron Virtual Machine was launched on 30th July 2018. The CEO of the Foundation stated that the launch of the official version of TVM signifies the transcend of the Tron network from the basic infrastructure to a new stage of ecosystem expansion.
“We firmly believe that the Tron developments will bring a new phase to the industry. We also belive that we can complete the mission of ‘Decentralizing the internet’.”
In addition, the Foundation had provided the global community with a sandbox during the launch of the beta version. This was in order to pass the Tron Virtual Machine and find bugs in the network. This was followed with the Foundation making adjustments to the TVM in accordance with the feedback they received from the community.
Justin Sun also spoke about the 4 key features of the Tron Virtual Machine. They are:
The Tron Virtual Machine is completely compatible with Ethereum
The TVM will have a unique virtual memory
There will be a distinctive resources manager
User-friendly energy consumption model.
This was followed with the updates on Odyssey. The launching process of the Odyssey version 3.0 will be carried out in 3 phases.
The Odyssey 3.0 version will be completely compatible with the Odyssey version 2.0 before the new features are activated. The Foundation has built-in an auto-launch mechanism for older features in the version 3.0. Once an SR node upgrades to the new version, the upgrade signal will be broadcasted to the entire network. The upgrade signal of the other SR nodes will also be received.
After the supernodes of the entire network automatically confirm the upgrade to version 3.0, the committee mechanism will be automatically updated. This will be followed by the launch of the competition for the hackers, encouraging the developers all around the globe to find bugs for the Tron network.
The committee members will be responsible for the activation of features of the Tron Virtual Machine. An SR will have to first propose the activation of the TVM feature and the other SRs will confirm the proposal based on various factors. If the proposal is passed by 2/3rd of the SR signatures within 3 days timeframe, only then the features of the TVM will be activated. This would signify the launch of the official dApp phase.
If the proposal is passed by less than 2/3rd of the SRs, then it will be considered invalid after which the activation of the dApp features will have to wait until the next proposal is made.
Justin Sun further said:
“Apart from this, all 27 SRs have been elected which means the GRs mission is accomplished. After the committee is activated, SRs can propose to terminate the current GRs work which means after the proposal takes effect, GRs who hold a 100 million votes will turn to 0.”
The official activation of the Tron Virtual Machine. This would mark as Tron’s entry into the dApp phase and the Foundation believes that this would enhance the entire Tron ecosystem.
The post Justin Sun launches Tron Virtual Machine: Steps towards expanding the ecosystem appeared first on AMBCrypto.
Source: AMB Crypto