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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Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly
The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.
However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.
He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.
Users should store their private keys
The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.
That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.
Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.
After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…
Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC
The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.
The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.
Musk’s Tweets also impacted Dogecoin’s price
Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.
He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.
ur welcome pic.twitter.com/e2KF57KLxb
— Elon Musk (@elonmusk) February 4, 2021
Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.
But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…
Partnership Between Bridge Mutual & AllianceBlock Announced
Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage.
“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”
In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets.
By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…