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Odyssey-v.1.0.6, the New Version of TRON Mainnet

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Tron

Tron is taking actions rapidly for the launch of its mainnet. As Justin Sun claimed, the TRX airdrop to the Ethereum (ETH) community had completed successfully a day ago. Even though there was a little slide after the completion of Tron’s Ethereum airdrop the price of TRX is gaining the upper hand at the moment. At the time of writing, according to coinmarketcap.com, the price of TRX shows approximately $0.085 USD (4.87%) and the market cap is nearly $5,595,045,954 USD (As of 8th May 2018). Meanwhile, Tron manages to hold onto the top ten position at coinmarketcap.com.

Talks about Tron launching its own mainnet had been going on for a while. It is expected that the transaction speed will significantly increase while the Ethereum blockchain struggles to confirm more than 25 transactions per second. The developers’ team of Tron did not just stop with the TRON Mainnet launch. They continue to add new features and upgrade the original version. Yesterday, on 7th May 2018, the Mainnet was upgraded to Odyssey-v.1.06 that introduces several features like vote freeze and vote defreeze. The bandwidth-based mode in transfer, a part of the Tron Mainnet continues to be there in the updated version. Reward redemption is another feature that has been added to the Odyssey-v.1.0.6 version also. The modules and mechanisms present in the TRON Mainnet version have been developed at large and the focus was on enhancing the overall performance. The update of Tron Mainnet shows that the developing team is working hard to keep a steady rate of progress.

Features of Odyssey-v.1.0.6

The BTC chain uses proof of work mechanism while ETH will most likely shift from the POW mechanism to POS in the future. Although EOS has not released its own mainnet officially, the platform uses DPOS mechanism and also features smart contract functions. According to the CTO of Tron, Lucien Chen, the design of the TRON Mainnet may be quite similar to that of EOS but the focus of the Tron team is on the core functions mainly. The features of the updated version of TRON Mainnet include improved security features and Function test module (TESTING).

The bandwidth-based mode will help in preventing DDoS attacks that generally occur during account transfer. Thus, the users will feel more secure during a transaction. Vote freeze, vote defreeze, and vote redemption have also been added to offer flexibility. The multi-thread parallel verification/signature module, on one hand, adds to the security and on the other hand, increases the number of transactions confirmed per second. Tron also focuses to optimize the peer to peer module such as to improve the broadcast efficiency. The developers also plan to optimize storage performance by bringing in an indexing mechanism that is memory-efficient. The focus is also on improving the interaction protocol and on fixing several known bugs.

“This update offers much smoother connections, higher TPS thanks to concurrency techniques, and a more wholesome, more decentralized voting system.”

  • Lucien Chen, CTO of Tron

DDoS has always been a threat to the public chains as blockchain is decentralized. The developers of Tron updated the mainnet to Odyssey-v.1.0.6 by introducing bandwidth-based mode to give the users a more secure experience.

BTCC Pool Announcement

BTCC Pool had announced on 2nd May 2018 that it will run for Tron super representative election. The strategic product of BTCC is considered to be stable, safe and transparent. Their servers are found throughout the world and has earned the support and trust of the miners due to low-latency and low-rejection features of the network. The objective of BTCC Pool is to see to the development of the blockchain ecosystem as well as to strengthen the security of the digital assets. At the beginning of this year, it has been seen that BTCC Pool had experienced some developments as it had strategic cooperation with HashCloud, the cloud computing power brand.

Within 3rd May, 30 large organizations including BTCC Pool took part in the super representative election of Tron Foundation. TRONSR RANKING used the public information provided by the election candidates to make a daily ranking of these candidates. This will help the community members to do an analysis before the vote. Tron Foundation had also announced on the same day that the token migration is slated for 21st June and 26th June will see the first election of 27 super representatives.

Recent adventures of Tron also include solving the issue of the bug of OOM of solidity node. Bittrex, Bitfinex, and Gate.io revealed that they support the upgrade to Odyssey-v.1.0.6, mainnet and token migration of Tron while Coin Tiger listed TRX on their platform. Therefore, with so many supporters and the latest ventures of the Tron network, TRX is surely one of the top cryptocurrencies in 2018 and beyond.

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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.

Image courtesy of Jan Havrda via Flickr

Altcoins

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

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Singapore, Singapore, 26th February, 2021, // ChainWire //

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. 

Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!

Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations.  Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!   

Unifi Farms will have several advantages over old-fashioned DeFi farms.  The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.

Why is farming without staking so revolutionary?

Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers.  Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming. 

To participate in most farms, the user pays at least five network fees.…

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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