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Is 2020 the Year TRON Smart Contracts Come of Age?

Is 2020 the Year TRON Smart Contracts Come of Age?

Smart Contract Oracle Solutions: the New Herald of Crypto Fundraising

With smart contracts and DeFi gaining traction in droves, and the numbers of new entrants into the ecosystem growing, the smart contract revolution appears to be kicking into gear this year. Recent fundraising successes which bucked the trend of failing token sales in recent years suggest that investors are now looking to projects that seek the remaining piece of the puzzle in functional smart contracts. This week’s 6-hour sellout of the $8,000,000 Bridge Oracle IEO, TRON’s first oracle solution, serves as an example, having tackled directly the problem of injecting reliable, objective and accurate data that most smart contract implementations lack. Not to mention, the project is a TRON first, meaning the network is now empowered to take on the DeFi revolution head-first. TRON is one of the largest blockchain networks that has been specifically coded for speed, reliability, and scalability. The characteristics make it an ideal blockchain for creating and executing smart contracts. With the total value of locked money in DeFi now crossing the USD 8 billion mark, the use of smart contracts is on the rise at unprecedented rates, putting emphasis on how important these digital pacts have become. For TRON, this means a boom. However, like all smart contract platforms, the lack of a public oracle database made it difficult to fulfill the promise of full trustlessness, at least, before Bridge Oracle.

Making Data Reliable

Smart contracts are paperless agreements between different parties that are digitally locked and the coding ensures that the terms are honored. The first party that commissions the work and has to pay out, locks up the agreed amount in the smart contract. The value locked in the contract is then out of the hands of both parties, giving assurance to the receiving one that the first party now cannot back out. As per the agreement, the locked amount can be released in batches upon agreed goals completion to the second party, or completely in one move when the contract agreements have been fulfilled. The first party is also confident that unless the agreed objectives are complete, the receiving party cannot take away the funds. This makes smart contracts trustless and non-custodial in nature, giving both sides a peace of mind. However, there is one shortcoming. For the locked value to be released, the smart contract needs certain inputs. The data can be entered from both parties, with one claiming an objective or target achieved and the other verifying it. What if there is a dispute or the data itself is not accurate? Pandora’s box still wasn’t quite shut.

Bridge: Future Solution, Now

Oracles are now hot in development, especially in 2020, with scripts feeding into transparent yet intact publicly available and reliable data to ensure that information fed into the agreements is accurate and without any tampering, giving smart contracts reliability never before seen. From their recent $8,000,000 IEO, to their incredible development plan, Bridge Oracle looks to revolutionise the execution of smart contracts across the board. Some of the features of the nascent project include:

  • Data Transparency: Oracle data that is public, ensuring that it is accurate and not manipulated.
  • Multi Sourced: Different data sets are available, giving smart contract parties the option to select a source that is most relevant to their agreements.
  • Oracle Marketplace: Organizations and firms can upload their data on the oracle and monetize it. In Bridge’s case, exchanging it for in-house BRG tokens

Bridge Advisor Mate Tokay is one who has publicly acknowledged the efforts to solve this long-standing smart contract problem. The Bitcoin.com co-founder said one issue was to make such a solution accessible to all businesses,

removing the additional hurdle of prohibitive cost:

“Accessing external data for smart contracts will be made easy using the Bridge Oracle. It will help with making smart contracts used by more and more businesses.”

Others like TRON influencer Mike McCarthy and The Currency Analytics CEO Sydney Ifergan have also lent their advisory clout to Bridge, demonstrating that such solutions are attracting interest from a wider segment of industry players. The business coverage in mainstream media like Forbes and Capital Bay News has been equally enthusiastic, with commentators agreeing that the much-needed bridge from the real world to smart contract blockchain platforms may finally be ready. And the players from multiple sectors and industries across finance, banking, insurance, health and logistics will surely be lining up to cross that bridge and use smart contracts for cost efficiency and transparency. Of course, much work needs to be done still to perfect the solution for a fully trustless oracle system for smart contract use, and all eyes will be on the likes of Bridge Oracle, whose mainnet is due in the next quarter of the year. For now, volume on its native BRG token is already picking up on the open market where it is listed on bw.com and Digifinex, suggesting that retail investors as well are betting on the future of oracle-enabled smart contracts.

Article Produced By
Bitcoin Press Release

https://bitcoinprbuzz.com/is-2020-the-year-tron-smart-contracts-come-of-age/

 

Heiko Closhen, Entrepreneur

Tron’s DeFi Ecology is Increasingly Popular What Can it Offer to Cell Protocol?

Tron’s DeFi Ecology is Increasingly Popular, What Can it Offer to Cell Protocol?

If the king of digital currency in 2019 is IEO, then the award shall go to DeFi in 2020. Ever since the Bitcoin block reward halved in May this year, the focus of the entire digital currency market has shifted to DeFi.

According to statistics from DeFi Market Cap, on April 14, the total market value of DeFi reached US$1 billion; on June 9, the market value reached US$2 billion; on June 25, the value exceeded US$6 billion; on July 5th, the number reached $7 billion. In terms of the total market value, the scale of lock-up, and the DeFi related token price, DeFi have shown rapid growth.However, with the rise of DeFi, problems occurred: 1) Incomplete blockchain infrastructure needs to be strengthened. 2) Whether market applications can truly attract users and create value remains to be tested 3) Building a DeFi ecosystem requires a two-way choice between projects and public chains. Faced with these problems, Tron has offered us an effective solution, a Tron DeFi ecosystem. In recent months, Justin Sun has been working hard to promote Tron’s DeFi ecosystem, triggering a big number of projects launch on Tron, despite that they have launched on ETH already. During that period, Justin Sun released the lending platform JUST Lend, TRON wBTC JUST BTC and the decentralized trading platform JUST Swap all in one go, completing the DeFi ecosystem in Tron.

Compared with the high handling fee in ETH, the DeFi projects in Tron is much user-friendly with a little handling fee, attracting many users. In addition, Tron’s two major user traffic portals, BitTorrent and Tron version of USDT, are both large user traffic, and the traffic of Tron APP always ranks top among all public chains, offering a huge user base to the DeFi projects on Tron. More importantly, Tron claims to be one of the few public chains that can deploy smart contracts POS mechanisms while be compatible with the public chain of the Ethereum virtual machine. Therefore, if those DeFi projects on Ethereum wish to transfer to Tron, they only need to pay a little fee. Based on Tron’s official statement, it may take about half a year for a project to move from ETH to another public chain, yet it only takes one or two weeks to move to Tron. The rapid transfer speed, huge user base, and perfect infrastructure have made Tron popular. Many projects are looking forward to seizing the opportunity to become a part of the ecosystem, and Cell is one of them. Recently, the Cell Protocol team released its white paper, indicating that Cell Protocol will launch Tron DeFi ecosystem soon.

Cell is a decentralized oracle network based on blockchain technology. The Cell oracle addresses the problem of price up-chaining through a decentralized incentive scheme, the Price Oracle. At present, the quotation mode of mainstream oracles on the market is basically uploaded by nodes and verified by voting, with the biggest drawback of lacking a guarantee of the correctness of the uploaded price. In a decentralized world, any risk of centralization may cause the entire system to collapse. Unlike the other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives allow prices to be formed directly on the chain. Participants of the Cell protocol need to invest real money to be responsible for their own words, and the agreement will also encourage those who are brave enough to speak. No authorization is required for the quotation system: anyone is free to enter or exit to participate in the quotation without system verification, and the arbitrageur can take the order to verify, and then the agreement generates accurate oracles quotations based on algorithms. To put it simply, after the certifier price of the target asset is quoted, if there is a gap between the price and the quotation of the mainstream exchange, others will have an arbitrage incentive to eat the bill. In this way, it can encourage the miner to provide the most accurate price. At the same time, no eaten order means no-arbitrage space and the quotations will be close to mainstream exchanges. Therefore, these quotations will eventually be adopted by the system based on certain algorithms to form accurate price data. As the core competitiveness of Cell, Cell’s quotation system can solve industry problems such as lack of price facts on-chain. After joining Tron’s DeFi system, Cell can have a greater value and more potential for growth.

  1. Based on Tron, users can enjoy extremely low handling fee.

In a UniSwap transaction on DeFi based on Ethereum, the required fee has risen from a few dollars to ten dollars, twenty dollars, and sometimes even as high as one hundred dollars. As for other DeFi contract calls, the cost is even higher. Such a high transaction fee has become a barrier for beginners and users with small token amounts. However, on Tron, each transaction consumes about 1 TRX only, aka $0.03, which is only around 6/10000 of the gas fee on ETH. In addition, the TPS of Tron is 200 times better than that of Ethereum, and the cost is less than 1%. In other words, the high congestion/high gas rate will never happen on TRON. As Cell is based on Tron and users can enjoy a faster network and lower transaction fees.

  1. The design is more decentralized, and the prices obtained through incentives are more authentic.

Cell oracles adopt market game theory. In the cell protocol ecology, there is a mutual game between quoters and verifiers, and their identities can transform at any time over time. Unlike other oracles that obtain data from trusted third parties outside the chain, Cell’s incentives measure makes prices directly formed on the chain, making the Cell oracles more resistant to attacks, more decentralized, and ensure that the on-chain prices are closer to market fairness price.

  1. No pre-mining, Tron DeFi ecosystem is in need of price oracle 

Cell oracle does not predict the motivation of participants, so the cost of doing evil needs to be considered. This is also the main starting point for designing an incentive mechanism based on the game in the system. Due to the existence of arbitrageurs, after the perpetrators reported false prices in the system, they were quickly traded by the arbitrageurs, and the funds required to quote again were doubled. It can simulate the cost of doing evil increases exponentially. In the token distribution, all coins are released through the Cell price feed, and the distribution ratio is high. As oracle is very important to DeFi and Tron DeFi is in lack of a price oracle to resist market fluctuations, Cell launched the market in the right timing! In addition, Tron attaches great importance to DeFi. As early as 2019, Tron began to deploy DeFi infrastructure and made it fully compatible with Ethereum. Cell’s launch can receive great technology and user base support from Tron. Tron is planning to play big and every upgrade of Tron is an opportunity for the Tron DeFi ecosystem. Therefore, I believe that Cell Protocol will have great performance with the support of Tron. Let’s look forward to the future development of Cell!

Article Produced By
Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of Blockmanity. He trades cryptocurrencies and holds some but he prefers holding USDT.

https://blockmanity.com/news/tron/trons-defi-ecology-is-increasingly-popular-what-can-it-offer-to-cell-protocol/

Heiko Closhen, Entrepreneur

The USDT Supply on TRON Surpasses a Major Milestone

The USDT Supply on TRON Surpasses a Major Milestone


When people think of Tether’s USDT stablecoin, the Ethereum blockchain will be mentioned relatively quickly.

However, it seems as if the USDT issuance on TRON is also on the rise, as its circulation amount surpassed $2.5 billion.It is rather interesting to see how the USDT supply is distributed across different blockchains.

USDT on TRON is on Fire

The original OMNI blockchain has seemingly been surpassed by at least two competitors, at least in USDT issuance volume. Ethereum is clearly the go-to chain for this stablecoin, but competition will arise sooner or later. According to Justin Sun, the issuance of USDT on TRON has surpassed $2.5 billion in terms of circulation amount. A remarkable milestone, although it validates the choice for TRON as an extra liquidity network.

As such, this news will catapult TRON’s blockchain to a whole new level. That said, it is a bit worrisome when stablecoins are the main reason for blockchain use these days.This applies as much to TRON as it does Ethereum. None of the dApps on either blockchain come close in terms of volume or transactions. That is a bit worrisome, albeit the situation will keep evolving at all times. The race between TRON and Ethereum appears to be far from over at this point.

Article Produced By
JP Buntinx

https://nulltx.com/the-usdt-supply-on-tron-surpasses-a-major-milestone/

Heiko Closhen, Entrepreneur

TRON Price Analysis for April 28th TRX Aiming at Growth

TRON Price Analysis for April, 28th – TRX Aiming at Growth

On Tuesday, April 28th, the TRX keeps growing smoothly. It is generally trading at 0.0145 USD; the market is positive.

On H4, TRX/USD demonstrates a stable uptrend. The MACD has moved to the positive zone, i.e. factors are promising further growth. However, note that this growth is a correction of the preceding declining wave. By now, the quotations have reached 38.2% Fibo and may rise to 50.0% (0.0169 USD). Also, there is a divergence forming, warning of an upcoming trend reversal. It will be signaled by a breakaway of the support line near 0.0133 USD. The main goal of the decline in the mid-term perspective will be the last low of 0.0071 USD.

On H1, the TRON is demonstrating just a more detailed picture of the uptrend. Note that the Stochastic has moved to the overbought area, confirming the potential of further growth. However, the Black Cross will reverse the current trend. Among fundamental news, our attention is attracted to the upcoming ICO of the project called JUST belonging to the head of TRON Justin Sun. This project is a decentralized lending platform supporting, among other things, the placement of Sun’s own token TRX. It, in turn, is planned to be used for issuing a stablecoin called USDJ. Placement will take place at the Poloniex exchange.

What also looks interesting is the possible placement of decentralized TRON-based apps in the Samsung Galaxy Store. Users from the US and Europe who own Samsung smartphones will be able to test the new generation of blockchain-based apps on their gadgets. The TRON is known to integrate into the Samsung mobile devices for the first time in autumn 2019, alongside with the BTC and Ethereum. However, now the TRON is the only blockchain-based project that has a separate section in the Samsung Galaxy Store. This is a serious advantage because the Store is the largest application store in the world. More decentralized TRON-based apps are expected, which will be a good foothold for the cryptocurrency.

Article Produced By
Dmitriy Gurkovskiy

https://themerkle.com/tron-price-analysis-trx-aiming-at-growth/

Heiko Closhen, Entrepreneur

Class Action Lawsuits Lodged against Binance BitMex Tron and More UPDATED

Class Action Lawsuits Lodged against Binance, BitMex, Tron and More (UPDATED)

Class Action Lawsuits Lodged against Binance, BitMex, Tron and More (UPDATED) 101

An American law firm has filed a series of ambitious class action lawsuits against some of the biggest crypto exchanges and token issuers in the world, accusing them of selling unlicensed securities without brokerage or dealer licensing certification and market manipulation. (Updated at 17:36 UTC: updates in bold).

In a press release, legal firm Roche Freedman named crypto heavyweights such as BinanceKuCoin and BitMEX, as well as its operator HDR Global Trading. It also named exchange BiBox and the Tron Foundation, in addition to Block.oneQuantstampKayDexCivicBProtocol and Status.

Binance CEO Changpeng Zhao, EOS and Block.one’s Dan Larimer and Brendan Blumer and Civic CEO Vinny Lingham are named in the legal firm’s documentation.

The lawyers singled out BitMEX in particular, claiming that the exchange was guilty of “manipulating prices to force investors to liquidate their portfolios.”

The law firm has plenty of previous experience in the world of cryptocurrency litigation – as it is also currently representing the estate of Dave Kleiman, the now-deceased business partner of the man who claims he founded Bitcoin (BTC), Craig Wright.

The firm also stated that the suits contained evidence of “misconduct by exchanges and issuers” that “yielded billions in profits for wrongdoers through a basic betrayal of public trust.”

One of the partners stated,

“The lawsuits we filed seek to restore integrity and transparency to these new financial markets.”

 

"The class action lawsuits will play out in one of two ways: One way is that since the cases will be determined by US courts, it will force precedence on what constitutes as a securities offering, who is responsible for it, and under what jurisdiction," Alexander S. Blum, COO of Two Prime, a fintech company focused on the financial applications of crypto, said in an emailed statement.

However, some companies may want to settle out of court and there may not be any legal decision, he added, noting that it’ll be interesting to see whether the US courts will be able to enforce their decisions on international groups with no legal entities in the US, such as Tron or KuCoin.

 

Also, it remains to be seen if and when the defendants will appear in court to face the firm’s charges, with travel restrictions and coronavirus pandemic-related lockdowns in place in most parts of the world.

Heiko Closhen, Entrepreneur

TRON Users get TronLink Browser Extension for Bitcasino Deposits and Withdrawals

TRON Users get TronLink Browser Extension for Bitcasino Deposits and Withdrawals

NullTX Bitcasino

Expanding on an already bustling e-gaming ecosystem,

Bitcasino has integrated the TronLink browser extension to its platform, granting greater accessibility and security for TRON (TRX) users.

E-Gaming and Crypto

As Bitcoin and cryptocurrencies overall have risen in value and popularity over the past few years, the new digital economy has attracted swathes of users, spurring on the creation of innovative platforms, services, and solutions to this new exciting space. One of the most popular and earliest ways for people to interact with their cryptos has been e-gaming, with Bitcasino being a leader in this area.

Since 2014, Bitcasino has supplied players with a whopping variety of options boasting more than 2,000 traditional and modern games from slots to live dealer casinos. The latest addition to the already robust platform is a web browser extension designed for the TRON community. Being one of the more popular cryptocurrencies on the market, this extension broadens the potential scope of Bitcasino’s users as well as creating a smooth deposit and withdrawal system for TRON users. Commenting on the development, Tauri Tiitsaar,

Director of Bitcasino said: 

“Crucially TronLink offers our players both security and speed with deposits and withdrawals; it is the next innovative step in ensuring our players have the best possible experience with Bitcasino. Gone is the need to deposit or withdraw TRON to hardware wallets, open an app on your phone or any other website. Players can easily manage their instantaneous deposits and withdrawals without any extra hassle.”

According to a press release, the TronLink extension connects Bitcasino players to TRON blockchain network, enabling simple and secure deposits and withdrawals, with funds and private keys protected. 

The TRON Connection

While considered a novelty by many, cryptocurrencies and blockchain technology bring truly impactful changes to the way in which people interact with technology and their finances overall. Blockchain technology has enabled the creation of digital economies that thrive thanks to the privacy and sovereignty they give to users. Furthermore, there is a lot to be said about the trust it builds between players and the house.

Thanks to the immutable and transparent nature of blockchain technology, e-gaming platforms such as Bitcasino can easily prove that they aren’t scamming users out of their money. Furthermore, blockchain and cryptocurrencies offer players anonymity, financial sovereignty and a novel means to gamble online. With this latest development, following the partnership with the Tron Foundation in 2019 to allow for easy use of TRX on all Coingaming brands of casino and sportsbook, Bitcasino continues to set the standards in the crypto gaming industry for fast, secure and easy transactions.

Article Produced By
James Woods

Cryptophile, Tech Geek, and an avid developer.

https://nulltx.com/tron-users-get-tronlink-browser-extension-for-bitcasino-deposits-and-withdrawals/

Heiko Closhen, Entrepreneur

Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

Tron Approved Proposal Initiated By BlockchainOrg With Several New Functions Of TVM

According to Justin Sun’s tweet, today, on February 24, a request for voting No. 29 (corresponding to proposal No. 32),

initiated by the super representative BlockchainOrg’s, was approved. Note, that super representatives play a key role in managing the TRON community, providing basic functions such as block generation and verification.As proposal No. 32 is approved, the TRON virtual machine (TVM) will get several new features, including:

  • batch signature verification support;
  • multi-signature verification;
  • determination of the address type.

At the same time, it will further enrich the use of smart contracts. For example, in the case of multi-signature verification, the user can add the validate multisign keyword to verify multiple signatures. Regarding the support function, batch signature verification can be used to support multiple users to sign the same data content (hash). As for the latter function, developers may often encounter a situation of invoking another contract, but some contracts may not want to be called by other contracts, and the call may be restricted using isContract.

Why Is It Important

The main feature of the TRON virtual machine is its easy access for blockchain developers. Besides, the platform is fully integrated with Ethereum products. TVM is convenient for developers, as they can use familiar programming languages, including Ethereum’s Solidity and others. The fact that the system is combined with the Ethereum virtual machine makes it easier for those who create apps based on blockchain. In addition, the system conducts transactions faster and cheaper. Tron platform smart contract transactions and operations are free. Developers will enjoy the flexibility provided by TVM.

It is also planned that TVM will be compatible with the EOS virtual machine and other major virtual machines. Unlike the EOS network, where block producers are elected without the possibility of buying votes, this practice exists in the TRON ecosystem. Super representatives can send all profit they receive for new block generation to purchase votes. Once developers realize that TVM is a universal tool for smart contracts and DApp creation, the Tron ecosystem will get a new impetus for development. Therefore, a decentralized Internet is gradually becoming a reality.

Article Produced By
Victortia Tiebienieva

https://newslogical.com/tron-approved-proposal-initiated-by-blockchainorg-with-several-new-functions-of-tvm/

Heiko Closhen, Entrepreneur

TRON Set to Become New Home for Steemit Amid Push for Decentralized Social Media

TRON Set to Become New Home for Steemit Amid Push for Decentralized Social Media

Blockchain blogging platform Steemit is set to migrate to the Tron ecosystem following a strategic partnership between both organizations.

The move marks another development of Steemit as it seeks to recover from the negative impacts of the 2018 crypto bear market shake-up.

TRON Partners with Steemit

The Tron Foundation announced the news via a blog post on its Medium platform on Friday (February 14, 2020). According to the blog post, both Tron and Steemit devs will begin working on modalities to accomplish the transition to the former’s blockchain network. Apart from Steemit, the partnership also sees other Steem-based blockchain decentralized apps (DApps) moving over to Tron. The current Steem DApps stack includes platforms like D-Tube (a YouTube alternative) and APPICS (an Instagram alternative). Tron’s partnership with Steemit could see the former grow from 20 million users to 21 million users with the latter controlling a userbase of over one million users on its platform. Commenting on the partnership,

Tron founder Justin Sun remarked:

“We are very excited to welcome Steemit into the TRON ecosystem. Together we will usher in a new era of decentralized social networking.”

Steemit stakeholders will be hoping the migration to Tron will help the platform complete its recovery from the difficulties faced during the crypto bear market. Platforms like Steemit, ConsenSys, and Sparkchain had to ax staff members following a nosedive in the spot price of cryptocurrency tokens. As previously reported by BTCManager, the company has been forced to downsize its employee count, laying off 70 percent of its staff back in November 2018. At the start of 2019, Steemit appointed Elizabeth Powell as its new CEO.

Decentralized and Censorship-resistant Social Media

Tweeting on Friday, Sun also described the partnership between Tron and Steemit as the start of a new era in decentralized social networking. Mainstream social media platforms like Facebook, Twitter, and YouTube have been accused of censoring content with blockchain proponents calling for greater focus in building decentralized alternatives.

Article Produced By
Osato Avan-Nomayo

Osato is a Bitcoin enthusiast with a flair for writing. When he isn't providing unique perspectives on the current happenings in the industry, he can be found pouring over old books on history and philosophy or trying to beat his Scrabble high score.

https://btcmanager.com/tron-steemit-ecentralized-social-media/?q=/tron-steemit-ecentralized-social-media/&

Heiko Closhen, Entrepreneur

Tron vs Cardano: Cryptocurrency Comparison in 2020

Tron vs Cardano: Cryptocurrency Comparison in 2020

Tron and Cardano are two well-known crypto projects, and today, we will be comparing the two coins in our Tron vs Cardano comparison.

What Is Cardano?

Cardano (ADA) is a third-generation blockchain (with Bitcoin being the first-gen blockchain and Ethereum the second-gen blockchain). It is unique in the crypto space, as it was developed using scientific philosophy and peer-reviewed academic research. Cardano was created by Charles Hoskinson, an Ethereum co-founder, and it was developed by Japanese company – EMURGO in partnership with IOHK in 2015. The native crypto of the platform, ADA, was released in 2017 with the first layer having a set cap of 45 million coins.

Jeremy Wood and Hoskinson founded IOHK (Input Output Hong Kong), a research and development company “committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.”  EMURGO is a company that “develops, supports, and incubates commercial ventures who want to revolutionize their industries using blockchain technology.” The company supplies most of the funding for IOHK’s research. The ADA cryptocurrency was developed to support fast and secure transactions, as well as the deployment of smart contracts.

What Is Tron?

Tron is a blockchain-based decentralized protocol which intends to provide a platform for free content publishing ,as well as a distributed storage technology. The project was established by Justin Sun, the founder of Peiwo, a popular Chinese social app with millions of users. The protocol enables users to freely publish, store, and own data, and they are paid for their content in TRX, the native crypto of this platform. TRX launched in 2017 as an ERC-20 token, but in June 2018, the blockchain launched its own mainnet and migrated all the tokens on its proprietary chain.

Sun is well connected to Alibaba and Ripple, and he has been featured in Forbes’ “30 Under 30” for Asia. The Tron founder is famous for his persistent online activity on Twitter and social media, where he posts about everything relating to Tron religiously. Even if his hype tactics are not approved by many from the crypto industry and community, he manages to create hype for upcoming projects and announcements.

Tron vs Cardano: Stats

Tron is currently ranked 12th according to a market cap of $951,226,769 , with a 24-trading volume of $1,151,241,784. The current price of TRX is $0.014265. The circulating supply for TRX is of 66.682.072.191 TRX out of a total of 99.281.283.754 TRX. Cardano is currently ranked 13th according to a market cap of $935,401,060, with a 24 trading volume of $30,994,032. The current price of ADA is $0.036078. The circulating supply for ADA is of 25.927.070.538 ADA out of a total of 31.112.483.745 ADA. In terms of ranking, ADA and TRX are very close, although we can notice that in terms of daily trading volume, TRX is more traded.

Tron vs Cardano: Technology and Consensus

Tron’s blockchain runs TVM (Tron Virtual Machine), which is basically Tron’s version of Ethereum Virtual Machine (EVM). TVM is a lightweight machine based on Turing complete, which also implements the concept of Bandwidth to prevent network overload.TRON uses the Delegated Proof of Stake consensus mechanism or DPoS. DPoS is a decentralized consensus mechanism that requires no mining, in which holders of TRX owners to stake and vote for a “Super Representative” that are block producers on the TRON blockchain, and representatives that do not do their job lose their position.

Cardano is based on a variation of the Delegated Proof of Stake protocol called Ouroboros, that is touted as the only PoS protocol with mathematically proven security. Ouroboros was developed by scholars from the University of Edinburgh, University of Connecticut, IOHK, and the Tokyo Institute of Technology. ADA stakeholders are also able to “vote and elect” representatives that are tasked with executing the block confirmations for them. While from the outside, Cardano and Tron seem to work both on a DPoS consensus, Cardano has put in more effort into developing its own unique consensus. This makes ADA the winner in the Cardano vs Tron protocol comparison.

Cardano vs Tron: Predictions for 2020

Ever since Cardano hit the market, its development team has made significant progress. With many plans for its roadmap, investors believe Cardano will be able to reach the $1 mark in 2020. ADA is a unique cryptocurrency, as its code was written from scratch using the Haskell programming language, and it also has its own Proof of Stake algorithm, Ouroboros. These features make it more secure than other PoS and DPoS cryptos. 2020 expects ADA to release its Goguen update, which will enable smart contract functionality. Carando also intends on designing a virtual machine called IELE that will change the structure of future blockchain projects.

TRON has generated controversy and scandal in the crypto world for various reasons. The project was accused of plagiarizing both their white paper and code (allegedly from Ethereum), and recently, TRON’s co-founder former reprimanded the project for being too centralized. It was also found out that the top 27 representative nodes have more than 170 million TRX votes, with most of them being controlled by TRON. TRON developers have scheduled their roadmap 10 years in advance, which raises some worries about how the team will be able to achieve its goals. The Tron has shifted its focus towards becoming a dapp platform, with the number of developers and apps in the ecosystem continuing to see growth. Analysts have made bearish predictions for Tron in 2020, not expecting it to go past the $0.02 mark.

Tron vs Cardano: Verdict

From a technical perspective, Cardano has a more put-together team which comprises of experts in development and coding, that ensure slow but steady progress in their project. Tron is more active in terms of presence online, being more involved with its community.

Article Produced By
Anca F.

Hi, I’m Anca. You might’ve stumbled upon my literary creations while searching for stuff on the internet. I write mostly on topics related to tech, crypto and such (although there was a period in my life when I wrote sarcastic descriptions for bizarre Amazon products). When my ADD kicks in I turn sticky notes into Pikachus or pop bubble wrap.

https://coindoo.com/tron-vs-cardano-the-battle-for-becoming-the-next-big-cryptocurrency/

Heiko Closhen, Entrepreneur

Report: Over 50 of Daily Dapp Users Adopt Tron BitTorrent Networks

Report: Over 50% of Daily Dapp Users Adopt Tron, BitTorrent Networks

A fresh report has just exposed the vastness of Tron blockchain family in the Dapp sector.

It has been proven that Tron alongside its subsidiary project BitTorrent, dominate the industry. Per a report shared by a Tronix and BitTorrent community member, Mike McCarthy, more than half of the daily active users in the Dapp sector makes use of Tron network and BitTorrent, a peer-to-peer file-sharing protocol under the umbrella of Tron ecosystem. The report indicated that 51.5% of daily Dapp users adopt Tron and

BitTorrent projects.

“Over half of All Daily Total DApp Users use the TRON Ecosystem – 51.5%”

While evangelizing for more adoption, McCarthy urged developers to call their team into action against the deceit of Ethereum network. McCarthy further described Tron as the place to be for all developers and Dapp users. “Please tell your CEOs, CTOs and Devs to not fall for the Ethereum myth, because TRON is where all the action is happening.” While speculations have been rife that Tron is about to acquire Steemit blockchain platform, the Tronix community member, in his statement, also gave a hint on the possibility of the acquisition. McCarthy, referencing a chart he captioned, said if we presume Steemit as part of Tron ecosystem, then 55% of the users made use of Tron blockchain network. “55% if we can presume Steemit also.”

Tron More Useable than Ethereum in Real World

Responding to a statement issued by a crypto community member on Twitter, McCarthy explained that Tron is “more usable in the real world” when compared to Ethereum. Mike furthered that not all projects that can run on Tron are capable of working on Ethereum, but Tron network is compatible with all projects that can run on Ethereum blockchain. “Different use cases: maybe, nobody is telling people what to build. Everything that runs on ETH can run on TRON, but not necessarily the other way around,” McCarthy said. “TRON is just more useable [SIC] in the real world. Different governance models: yes TRON is modern and DPoS. ETH in 2 years”

Article Produced By
Khalid Lawal

Lawal Khalid is an avid entrepreneur and a peace advocator. He takes time developing expertise in journalism, and he has significant contributions at Arianna Huffington's Thrive Global, Oracle Times, Coin Gape and a host of other notable news publications. Owing to his long time interest in innovative technology, Lawal cut into the blockchain world, and he has been unearthing meaningful investigation as well as noteworthy blockchain researches. Khalid sits at the helm of NewsLogical.com as a full time journalist and a senior market analyst.

https://newslogical.com/report-over-50-of-daily-dapp-users-adopt-tron-bittorrent-networks/

 

Heiko Closhen, Entrepreneur