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

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Tron

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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Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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How do cross-chain transaction networks work?

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cross-chain transactions

Blockchain technology was initially thought to be an all-in-one solution, where all the transactions would take place on a single chain. However, this idea was deemed impractical with time due to certain limitations and constraints arising within the system scalability area.

If blockchains are to live up to the expectations, then the blockchain technology should allow atomic transactions over various blockchains that are interconnected. A single blockchain may even be split into multiple chains that cooperate.

The concept of cross chains is understood as the ability of two operating blockchains to exchange information with each other in order to form a network to process transactions. Cross-chain transaction networks allow multiple blockchains to pass over information to one another.

The use of blockchain platforms like Bitcoin, Ethereum, and Ripple has highlighted scalability issues over time. These limitations in the present blockchain technology have hindered its full potentials and benefits. Exactly where cross-chain technology comes in to resolve such scalability constraints faced by blockchain technology.

Cross blockchain compatibility

The cross-blockchain compatibility issue arises whenever we talk about multiple blockchains. Incompatibility is because not all of the blockchains use similar protocols. Each blockchain system communicates according to its standards.

The lack of a standardized protocol of intercommunication between the blockchain networks cripples the blockchain technology’s scalability, here comes in cross-blockchain compatibility. The concept allows blockchains to communicate without any…

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