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Tron (TRX) sees the biggest spike in daily transactions on its network, 600k

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A couple of days ago, Justin Sun, highlighted the strides Tron has achieved so far. Sun said that the accounts on Tron’s network (Mainnet account) has surpassed 500,000 and it is still growing by the day. He also emphasized that Tron’s Mainnet is just 4-months old and it still has achieved much. Sun said:

As of October 17th, 19:00(SGT), #TRON mainnet accounts surpassed 500K, the growth speed remains 100K per month since TRON mainnet was launched less than four months. Go #TRON. #TRX $TRX”

Another latest (and a positive one) news on Tron’s network is that, on its mainnet, it recorded the highest number of transaction in just one day – about 600,000. According to a tweet by TRXPLORER.io,

Yesterday, we had the highest spike of transaction on Tron network with almost 600k transaction in a day! 77% of those transactions were Smart Contracts that were triggered!”

So, Tron’s single-day transaction has surpassed that of Ethereum – more than 50%. It is important to know that Tron, as a digital currency, is doing very well in terms of decentralization – than its counterparts: Bitcoin and Ethereum. Tron has shown that it is much better than Ethereum, being that it has a strong extensibility, is very scalable, and has no transaction fee.

Tron Officially Partners With Baidu

Lately, there has been exciting news around Tron and this is clearly due to its partnerships with giant companies around the world, which include partnerships rumors with Alibaba and Twitter too. Recently, there have been different rumors around the blockchain firm that it has partnered with the largest internet search engine in China. Before now, Baidu itself didn’t confirm the news and as such, that was just speculation.

Yesterday, Tron Foundation officially announced the news that Tron has partnered with Baidu. The Foundation stated that the partnership will foster Tron’s network through cloud computing. Tron Foundation stated through a tweet:

#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX” 

Sun confirmed it by also retweeting the news via his personal official Twitter page. Nonetheless, reports say that both companies have collaborated to garner support from cloud computing facilities to foster blockchain services and apps.

On the other hand, Baidu will also benefit from this collaboration as it is set to venture into blockchain by creating a venture of its own known as Blockchain Commercialization Super Partner Program 1.0. This venture will help Baidu explore the blockchain world and its usefulness. It will also help to create a good blockchain ecosystem with the attraction of many public companies around the world.

In other news, Sun has decided to take some interest in the debate between Vitalik Buterin and Nouriel Roubini, a notable economist. Sun has decided to give a million dollars to the winner of the debate. He tweeted,

#TRON is happy to sponsor this debate and give 1 million USD to the winner. The result can be decided by the public vote. #TRX $TRX.”

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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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Featured news

RoFX Review – Simplified Trading for Beginners

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RoFX Review
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Developed in 2009, RoFX was tested in the world currency market and started offering successful bids with excellent profits from 2010. It is an EA with a proven AI that provides a fully automatic trading solution. The robot is ideal for beginners who do not have much knowledge or experience in forex trading. Here is an honest review of RoFX based on the information gathered from myfxbook and top forex robot review tests.

How to Get Started with RoFX

You need to know that RoFX is not available for download. However, you can open an account for free on the robot’s official website rofx.net.  After logging in, the trader can choose from the packages available. A trader should select the package which seems to be the most convenient. 

The bigger the deposit, the less of a percentage is paid as performance fees. The trader also has the higher share in the daily trading profit. Daily profit is calculated as 0.38%. There is loss coverage guarantee.

The following packages are available:

  • Trial
  • Easy start
  • Moneymaker
  • Gold
  • VIP
  • VIP PAMM

You may view the details of the packages in the…

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Fear & Greed Index Suggests A Bull in the Bitcoin Market?

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cryptocurrency trading
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As indicated by Justin Kwo, an analyst director from Bexplus, Cryptocurrency trading is a game of nerves and it cannot withstand the emotional behavior. Traders keep on changing their minds with the sudden and strong market fluctuations. This behavior reflects their psychological instability and prevailing sentiment in a particular time zone. However, in the Bitcoin market, traders’ emotions will determine their trading behaviors, which, therefore, affects the future trend of Bitcoin. 

So, what is Fear and Greed Index?

Alternative.me has the most well-known and respected Bitcoin fear and greed index.

  • Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
  • When Investors are getting too greedy, that means the market is due for a correction.

To make it precise:

  • When the index drops below 20 it indicates extreme fear.
  • When the index rises above 60, it indicates extreme greed.

The result of Fear and Greed Index is calculated from the following aspects:

Volatility: the program marks wider fluctuations as a sign of fear

Market volume: if buying volumes increase significantly, the greed levels rise, too

Social media: the client monitors, gathers and counts posts on various hashtags, to see how many interactions they receive…

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Origin Protocol Launches Fundraiser to Help Find Vaccine for COVID-19

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Origin Protocol
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Origin Protocol is selling KN95 masks at cost and shipping them to anyone in the US within 3-5 days.  This is just one of the ways Origin is turning its rewards campaign into a fundraiser to support the Coalition for Epidemic Preparedness Innovations (CEPI) — a foundation that is working to accelerate the development of vaccines against COVID-19. CEPI first launched in 2017 with initial funding from the governments of Germany, Japan, Norway and the Bill & Melinda Gates Foundation. To combat the COVID-19 outbreak, CEPI has been moving with great urgency in coordination with the World Health Organization (WHO), who is leading the development of a coordinated international response. 

“At Origin, we admire the critical work that CEPI is doing for people during this outbreak, and are dedicated to support its mission in accelerating the development of vaccines against COVID-19. With successful development and equitable access of these vaccines, we can fight COVID-19 together,” said Max Unger, Head of Community at Origin Protocol.

Shop at ‘Stay at Home’ & Support a Charity

For every purchase made on Origin’s ‘Stay at Home’ shop, the company will donate 100% of the proceeds to CEPI. Powered by Dshop

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