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Beyond the hype: Is Tron’s Blockchain The ‘Microsoft’ Of The Blockchain Industry?

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Tron
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In a matter of days, Tron will be exactly one year old. What started out as an Ethereum based decentralized application has now developed into a fully fledged proprietary Blockchain worth close to $3 billion. Since the beginning, Tron was poised to ‘decentralize the internet’ even though Justin Sun (CEO of Tron) and his team are yet to broadly define what that really means.

Perhaps when Tron has finally completed its ongoing token swap, with all the funds from TRX holders migrated to the new Tron Blockchain, the statement together with Tron’s vision will be made clear. For now, however, anyone with a considerable amount of funds invested in TRX, the token swap event that started last week is nothing short of a make or break moment.

On Justin Sun’s purchasing of BitTorrent

As most Tron followers already know, Justin Sun is by far the most outspoken member of the Tron team. The former Ripple representative last week was the talk of the town after he moved to purchase BitTorrent in a move that was criticized as a legitimacy seeking mission for Tron by the young founder.

Having emerged from the crypto boom of 2017, Tron has not been a favorite for inured crypto enthusiasts. In fact, apart from being regarded to lack legitimacy in the crypto community, Tron has also previously been called out for plagiarism to which Justin Sun promptly responded by saying that,

We do apologize for the quality of different versions of the whitepapers. Also, our current code development is not as same as we planned in the whitepaper so please check our @github and feedback is welcome!

Likewise, onlookers have also accused Tron of not providing attribution to Ethereum’s protocol even after using its code to build the newly launched mainnet.

Comparing Tron to Ethereum

While speaking to CoinDesk, Sun not only remained confident about Tron overcoming past allegations but he also pointed out that the choices and decisions made with the project were in line with his vision. He further mentioned that Tron, unlike the likes of Ethereum, is focused on developing “consumer-facing products.

According to him,

Ethereum is like IBM back in the day, making those big supercomputers…They only focus on tech, they don’t focus on user experience.

Sun believes that Tron is building on top of Ethereum’s inefficiencies to become the “Microsoft of Blockchain

His response to allegations

While being interviewed by CoinDesk, Sun responded to the allegations about plagiarism by saying that Tron takes “Security issues very seriously” and that the company spends millions in bug bounties to prove the fact.

Although he acknowledged the allegations about plagiarism, indicating that it had stemmed from a minor error made by a programmer earlier in the project, he brushed off the issue about Tron’s use of Ethereum J by saying that Tron only used “a small portion of Ethereum J”.

As it seems, even with the new mainnet, CoinDesk’s interview reveals that Tron is still using the EthereumJ protocol on its mainnet. When asked whether the new Tron Blockchain was still using EthereumJ, however, both Mr.Sun and the Tron team were unable to give a concise answer.

Conclusion

Although a number of software experts have shown concerns over the preparedness of Tron’s mainnet, super representative candidates on Tron’s network, as well as some entities, are still optimistic about the successful operation of the Tron mainnet launched last month. At the moment, whether the Tron mainnet fails or succeeds is to be determined in a matter of time.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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