TRON

The TRON founder, Justin Sun, recently unveiled an open letter to the TRON community. The letter details the future of the TRON protocol. Also, the founder revealed more information on the upcoming BitTorrent Chain launch.  TRON Has Had Massive Growth TRON's Super Representative Committee launched the protocol in June 2018. It has since developed into a network that handles transfer volumes of over US$10 billion every day. The TRON Blockchain's total assets are at over $50 billion. TRON decentralized financial programs have…

The first digital currency to be introduced, Bitcoin, introduced a new consensus called proof of work, which aimed to secure the network. A miner does a lot of work(arithmetic calculation) and shows proof in proof of work. However, this system has many problems like high electricity costs. Therefore, it launched a new consensus PoS. Proof of Stake(PoS), introduced in 2012, allows a user to collateralize some assets to validate and release blocks. Since then, several cryptos have their versions of…

Liquid Global has temporarily suspended the withdrawals of ERC-20 tokens and Ether due to rising GAS fees. The Japan-based crypto exchange notified its users of the development via a tweet today. It further explained that the exchange planned to resume withdrawal services once GAS fees returned to normal.  Rising Gas Fees Costs a Major Concern  Ethereum gas fee costs constitute a significant concern for many stakeholders within the ethereum ecosystem. Ethereum has been plagued with rising gas fees on its…

Popular decentralized network, BitTorrent, is at the forefront of massive exposure to more than three billion people worldwide, thanks to a recent partnership between the world’s largest telecommunications equipment manufacturer Huawei and blockchain project TRON.  Huawei Lists BitTorrent According to a Monday announcement, over 3 billion Huawei users across 170 countries can now access BitTorrent, one of TRON’s portfolio projects, directly from their mobile devices.  The partnership saw Huawei adding four applications - BitTorrent, BitTorrent Pro, uTorrent, and uTorrent Pro…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $259 billion. Bitcoin moves sideways for most of the week and remains safe above the $9,000 level. Ethereum lost almost 2% of its value throughout the week. XRP continues to fluctuate slightly around the $0.175 level TRON makes the headlines with new DeFi products and ATM availability in South Korea Crypto Trends 29th of…

Decentralized applications (dApps) have significantly changed the field of blockchain tech. They are a new software application that does not undergo downtime and is not owned by any central authority.  In recent months, Dapps have made inroads in various fields like gambling, technology, education, finance, and others areas.  Ethereum (ETH) was the first blockchain that unlocked Dapp's true potential by allowing developers worldwide to create unique apps on the platform. However, many other blockchain networks joined with time, resulting in…

According to the founder and CEO of Tron, Justin Sun, there are now 6 million addresses on the Tron network. This notable milestone is due to the increasing number of dApps developed on the network which has become 768 as at last week. https://twitter.com/justinsuntron/status/1266293187645071360 In 2020, the decentralized blockchain network recorded a remarkable increase in use, in spite of its falling market capitalization. As revealed by data from blockchain explorer Tronscan, the number of new addresses created on the network has been…

As you probably know, Dapps, or decentralized applications, are a part of the Smart Contracts ecosystem. Dapps aren't much deviant from general applications on the Internet today, differing only in their ability to act autonomously. In late 2017, the Tron Project was built as a protocol for creating and executing real-world smart contracts, rivaling the spearhead of the time - Ethereum. It is commendable to note that to compete with the biggest platform for smart Contracts - Ethereum, Tron initially…

Etherscan noted that trading volumes involving the most utilized stablecoin in the cryptocurrency space started a sharp rise in September 2019, attaining 188,621 daily transactions at the month’s peak, valued at about $620 million in USDT. A new record has been set as the trading that involved Ethereum-based Tether (USDT) was over $1.2 billion on May 25. This means that the aggregated number of daily transactions that involved the stablecoin on the day represents a fresh lifetime high. Etherscan noted that the…