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Tron tops Q1 Dapp market report with more than 300k active users

By | Edited By Ali Qamar,,

Dapp.com is a website which tracks the decentralized applications available in the web today. It aims to demystify decentralized technology so that users, developers, and people, in general, feel more comfortable using this new technology and joining the decentralized environments.

It’s something of a directory or a who’s who for the decentralized applications world and it publishes a quarterly report which is radiography for the cryptosphere’s programmable platforms. And in this article, we’ll give you the highlights.

Tron, Steem, EOS, and Ethereum are the four blockchains that are moving the dApp world forward. They have most of the active users in the market.

Q1 saw 504 new dApps come online (in terms of addition to Dapp.com). More than half of those appeared in Ethereum’s network. That happens to show that Ethereum is still the platform of choice for developers to build and deploy new projects. This wasn’t obvious because EOS and Tron have had great success with their dApps. But there’s also a trend for multi-platform development. Many of those Ethereum apps were deployed in parallel in other blockchains like EOS or Tron.

Persistence is high in all the relevant networks. 326 out of the 342 apps active in EOS transacted in some way during Q1, and 95% of the blockchain’s applications remain active. Tron’s and Steem’s apps have active users at the tune of 80%. Ethereum has the highest number of apps, but almost 600 of those are dead as they have not transacted even a single time over the last 90 days.

The four main blockchains kept their strength during the quarter. They transacted USD 3.2 billion in total volume. Tron and EOS lead the way as both processed more than a billion. Ethereum is stuck in the PoS vs. PoW discussion. The main issue will remain the network’s efficiency as well as suspicions about bot trading issues as a consequence of zero transaction fees.

Tron’s applications boast more than 300k active users. EOS is not too far behind at 260k. The number of wallets created in the Tron main net went beyond USD 2.3 million of which almost 16% were decentralized app users. That’s about one and a half growth rate since the year began. And, moreover, Tron users are economically very active as 80% of them transacted at least once in one of Tron’s applications during the quarter.

Gambling apps are what make the environment tick. They’re driving the ecosystem’s growth by attracting about 350k new users into the atmosphere. Increase in games and exchanges were similar as both types of apps attracted almost 100k users during the quarter.

At Ethereum, growth in wallet addresses and increase in dApp users are very different things. The platform lost about 4% of its users, compared yearly. Ethereum users are leaving the network looking for greener pastures. Only 72,422 of the network’s old users are still around as dApp users this year. That’s not even 7%.

Volume usage in Ethereum remains the same as last year’s. Exchanges generate about half of the volume. Next, come gambling apps. The exciting thing is that Ethereum’s gamers are the most active in the whole dApp environment. Players comprise more than 40% of the daily application users, but they make up only 30% of total active users for the quarter. So Ethereum’s games have a stable and loyal user base that’s becoming a healthy community.

EOS: Diversity in a blockchain

Traffic configuration has changed quite a bit in the EOS network from last year. EOS gambling dApps account for an astounding 99% of traffic volume in total. But the system is becoming more diverse as more games and financial service apps are joining the network.

Steem is losing some steam

Steem’s applications have diversified beyond social networks. Tools websites, gambling, and gaming sites appeared over the last quarter. The fraction of transaction volume carried out by gambling dApps went up by 104% to become 94% of the network’s size.

Steemit remains the largest app in Steem, according to SimilarWeb data. That’s not surprising as it continues to be the project’s flagship website. Traffic in the site is of 10 million visits, but barely 100k of those were Steem’s on-chain users for the last 90 days.

“On chain” means those users who use the network to transfer funds, vote in the project’s polls, and post content. All of those activities are recorded in the blockchain’s ledger, which makes Steem one of the more decentralized networks because more than just currency data is stored directly in the blockchain.

Tron: Growing fast, keeping transaction volumes high

Tron grew more quickly than any other app environment so far in the year. That is true for both main net wallets and new app users. About 85% of Tron’s dApp users kept using the apps during Q1, which is the highest retention rate for any of the relevant blockchains.

Tron’s transaction rate is also considerable. Last month, on March 15th alone, it transacted more than USD 91 million, which is beyond any record previously set by Ethereum or EOS.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

A new law in France allows insurers to go crypto

By | Edited By Ali Qamar,,

The Forex news outlet FXStreet reported on last Thursday that French lawmakers just passed a new law that enables the French insurance markets to invest in cryptocurrencies.

This is a very progressive position from the National Assembly of France. The law was adopted in that very same day, and its purpose is to stimulate development in local businesses by several financial mechanisms. Redirecting personal savings into firms is one among them. According to Reuters, the bill passed quickly as it had 147 favorable votes with only 50 against it.

The new law is called “Plan d’action pour la croissance et la transformation des enterprises,” (Active plan for the growth and transformation of businesses). It allows insurance providers within France to put money in cryptocurrencies (like Bitcoin) in the amount they chose (that is, without any limits). The investments in question are to be done through specialized professional funds. And it opened the door for insurers to offer life insurance products denominated in cryptocurrencies.

The deputy and budget manager of La République (Emmanuel Macron’s party, which is currently in power), Joel Giraud, authenticated the news. He acknowledged the bits and pieces in the new law related to crypto, but he was quite clear in that including crypto as an option for insurance companies was not the main point in the “Pacte.”

The driving idea in the new law is to affect the privatization process within the country. It includes the sale of equity in the airports’ group ADP and to transfer that money into a new fund devoted to pushing innovation forward.

But France is not all that progressive about everything in the cryptoverse. Last month, for instance, Eric Woerth, who heads the Finance Committee in the National Assembly tried to have Monero and ZCash banned because both blockchains prioritize anonymity in transfers and ownership above all else.

The news is relevant to the cryptoverse as a whole because the new law will facilitate the arrival of French institutional money into the cryptocurrency market. If French insurers take the opportunity seriously, they could bring a lot of money and trading volume into the market. If they come in strong, they could trigger the cryptoverse’s next big bull run. Of course, it’s too early to think that it will actually happen, as the news is still too fresh to affect significant changes in French capital flows.

Another thing to take into account is France’s new relevance as Europe’s financial hub. For centuries, the leading European center for money and Economics was London. That seemed to be written in stone until the last few months. Brexit has caused so much uncertainty about England’s future that a lot of the UK’s financial activity has migrated to Paris because investors want to be sure that their money will remain in the European Union regardless of British political developments.

Last but not least. France’s position is very influential in Europe because it’s the continent’s largest economy (along with Germany). So if France takes a more welcoming stance towards cryptocurrencies, the rest of the old continent could at least consider following suit, especially if Germany jumps in the crypto wagon as well.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin could encounter a 15% to 20% decline in upcoming days, proclaims crypto analyst

By | Edited By Ali Qamar,,

Since the beginning of April, Bitcoin, which is considered as the trendsetter of the digital market, has been in somewhat of a roller coaster ride. Throughout the month, Bitcoin price rallied around the resistance level of $4,200 and surged close to $1000 in just one hour toward over $5000.

The price, although, is since fluctuating around $4,800 and $5,200 mark leaving every enthusiast in the market wondering about what the future holds for the most significant cryptocurrency of the world.

According to the most recent analysis of crypto trader and analyst who goes by the name ‘MagicPoopCannon’ on Twitter, crypto investors should look out for a large decline of Bitcoin in upcoming weeks. In his words:

“Bitcoin is Setting Up For A Potentially Nasty Pullback”

If we look at the analysis he has shared on TradingView, which is a social network for investors and traders on Stocks and Forex markets, the analyst went on proclaiming that the crypto giant’s most recent surge from 3400 to 5450 USD last week “painted half of an enormous evening star Doji pattern.”

For those who are new in the crypto market, Dojis are candlestick patterns that hint towards uncertainty in the market. Whenever they appear at the top of an uptrend, it usually indicates that a reversal is about to happen. The same is the case with the Doji that appear at the bottom of a downtrend. Whereas ‘Evening Doji’ pattern is a retroversion pattern, which comprises of a massive uptrend (experienced last week), deadlock (this week) and retroversion.

If this ‘Doji’ pattern turned out to be correct as Majic predicts, then Bitcoin could face 15% to 20% decline in its price in the coming ten days – and would possibly fall further down to mid $3000, to complete this formation.

Magic, who was tagged as the ‘Bitcoin Permabear’ last year when he predicted that the giant crypto would fall to $3000 from $10000 that later-on turned out to be accurate, is somehow optimistic that this bearish trend would be for short-term and Bitcoin would see a considerable rise in the years to come.

Speaking more about his optimistic views about the tremendous rise in the price of the Bitcoin (in long-term), the cryptoanalyst anticipates 2023 to be the year when the crypto will reach to the mighty $150,000 mark. In his own words:

“Now, I understand where the price is going again, and I am more bullish than I have ever been on any other market in my eleven years as an analyst. In my view, this next bull market is likely to rally to around $150,000, by approximately August of 2023”

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Binance delists Bitcoin SV (BSV) because of founder’s behavior

By | Edited By ,,

Changpeng Zhao is Binance’s CEO and founder. And Binance is the world’s largest and most influential cryptocurrency exchange in the world, so when Mr. Zhao speaks, the cryptosphere listens. It’s much like how the world pays attention to every word that comes out of the Fed’s president when it comes to Forex and fiat currencies, primarily the USD.

Craig Wright

Another character in this article is none other than Craig Wright. This is a complex and cantankerous character which has some degree of charisma. He’s a very divisive figure in the cryptocurrency environment. He’s claimed to be Satoshi Nakamoto himself, he’s the man who got the whole “Ripple as a security” controversy started, and he likes to speak loudly against any cryptocurrency he disapproves of (and the list is long). Not too long ago, Craig attacked Tron, too.

His latest exploit was to create enough tension within the Bitcoin Cash project so that the project had to split (fork) into Bitcoin Cash ABC and Bitcoin Cash SV. The SV (BSV) version has not performed very well since the original (BTC ABC recovered quickly from a drop in price). That puts a dent on Mr. Wright credibility since that’s the blockchain project he currently leads for all practical purposes.

How the latest clash between CZ and Craig started

Keeping up with his established character, Mr. Wright went after the Twitter user that came up with the Lighting Torch initiative, who goes by Hodlnaut. Mr. Hodlnaut called Mr. Wright a fraud in a Tweet because he insists on being the real Satoshi Nakamoto.

The controversial crypto personality must have taken this comment in a very personal way (which is rather strange as lots of cryptonauts have expressed similar or worse opinions about the man) and declared open season on the Twitter user. He’s offering USD 5.000,00 in BSV for any information regarding Hodlnaut’s true identity.

The community hasn’t reacted very favorably to Mr. Wright’s initiative, and the hashtag #WeAreAllHodlonaut has popped out in Twitter to express support for the Twitter user (whose account is now deleted).

Hodlonaut was indeed very vocal about his opinions about the BSV founder. He called him “a very sad and pathetic scammer. Clearly mentally ill” and he also played a role in creating the #CraigWrightIsAFraud hashtag.

Things are getting so hot that even Wright’s lawyer had to come forward and speak on behalf of his client. He defended him by saying that “has not fraudulently claimed to be Satoshi Nakamoto” because he is Satoshi Nakamoto.

His statement also says that he wrote the now legendary Bitcoin white paper, completed the first Bitcoin transaction, and was pivotal for the network’s growth and development. And he now wants Hodlnaut to offer him an apology and to acknowledge his allegations as false.

Hodlnaut is not alone at all in his views about Mr. Wright. This person is widely known as “faketoshi” in the crypto verse. As shown in the above tweet, according to WikiLeaks, he’s “a proven serial forger of documents claiming that he is the inventor of Bitcoin.” Motherboard news published an article almost four years ago in which he denounced the “proof” Wright provided for Bitcoin’s authorship. It said that they were “probably backdated and point to a hoax.”

But for some reason, Craig Wright has chosen to pick on an anonymous (and influential) former Twitter user to vent his anger about the community’s doubts. And that’s not all.

Mr. Wright’s problems do not start and finish in the virtual world. He faces a USD 4 billion lawsuit against him for stealing (allegedly) about 1.1 million BTC from the late David Kleinman’s estate. Mr. Klainman was a crypto developer when it was just getting started.

And last December a researcher reported that the Bitcoin SV allows for tokens to be spent twice which is equivalent to say that it’s utterly useless as a genuinely useful cryptocurrency.

So when you put all of the information in the previous paragraphs together, it’s no wonder that lots of people in the cryptosphere are sick and tired of Craig Wright’s antics. Which brings us back to Binance and its CEO.

Binance’s warning

Mr. Zhao announced last Thursday that he’s ready to delist BSV from Binance if the controversial founder doesn’t change his ways. The community reacted by supporting Mr. Zhao’s position and encouraging other cryptocurrency exchange platforms to do the same and stop supporting the BSV coin.

That could be a possibly fatal blow for a blockchain project that’s already facing bad times and that. And guess what, Binance CEO did not take long take an action after the warning.

The ball is in Craig Wright’s court, of course. It will be fascinating to see how he decides to manage this situation.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Bitcoin stays over 5k after a crazy week

By | Edited By Ali Qamar,,

Bitcoin’s price has been above the psychological 5k level for the best part of 12 days already. The trading week was thunderous, but the world’s premier cryptocurrency managed to keep itself about that key magical number.

The price kept increasing for almost all week. It went as high as USD 5450 on Wednesday before it went back to USD 5.000,00 according to CoinDesk data, but most exchanges saw the same market behavior Then, on the next day, it dropped to USD 4.894,00 in a somehow dramatic swing.

However, Thursday’s bear attack wasn’t enough to break the bull’s backs, and the price recovered going above 5k again, and it’s remained there ever since.

Analysts are invoking market dynamics, as illustrated by technical analysis to explain those price fluctuations.

Rising Trend

The research team members at SFOX highlighted the upwards trend in Bitcoin prices we’ve seen for most of the current month. They identify the prevailing market sentiment’s origin in a 20k BTC order placed last April 2nd. This order was distributed over three different exchanges, and it supposedly came out of an Asian investor because of timing.

While nobody knows yet who placed the buying order, the posture itself has gained legendary status in less than a fortnight. It threw “supply and demand out of equilibrium” and triggered big wins.

“This rally was highly publicized in the media, which could have theoretically caused people to experience some ‘FOMO,'” according to the same team.

Technical Analysis

CryptoPatterns’ publisher, Jon Pearlstone, had something to say on the coins dramatic change in trends. In his view, it was all about technical analysis.

He explained,

“Bitcoin broke out of a bullish pattern above $5000, did not see any meaningful buying follow through around $5400, and has now pulled back to test the current key support level of $5000.”

“This is very typical price action during a bullish cycle,” he stressed, then continued by saying that “price action continues to favor the bullish path even though we’ve pulled back,” with the next “likely target” being $6,000.

But he also clarified that in case the digital asset goes underneath a particular level with high levels of trading volume, then it could report losses. Jon stated,

“A drop under $4750 with increasing volume would be the indicator to watch for that ‘something else may be going on’ versus typical bull cycle moves.”

So where do we stand? Is the 16 month-old bearish run finally behind us? Is the long and disastrous crypto winter over at last? It’s too soon to tell for sure. A good thumb-rule when construing events in any financial market is not to see things in a way that would be more convenient for you. That’s how you allow cognitive biases to cloud your judgment and that’s one of the most reliable ways to lose your money.

It seems that the current Bitcoin environment is reacting to that substantial buying order that changed everything (at least for the last 12 days). But the increments in price are not as ample as we’ve seen in previous genuine bull-runs so the chances are that the current bullish run is transient, and the market will correct itself over the next few days or weeks until the following (the real) bullish run comes around.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Customer journey in financial institutions getting smooth, Ripple’s xRapid at the Core

By | Edited By Ali Qamar,,

We can all agree that the world is steadily changing with technology taking center-stage chronologically. As such, everyone expects their respective industry to move along at a similar pace, and the ones that have their hands on the handbrake are slowly losing it.

One industry which is on the spotlight is the banking industry. Reason being, the blockchain technology is promising significant achievements in the sector which, not too long ago, most financial institutions were reluctant to buy the idea.

Customers Want a Frictionless Future

There’re no denying that the banking system has got its faults which need to be looked into such as the speed of the transactions, the nature of costs charged and the security risks involved when it comes to cross-border payments.

With the technology offered by the blockchain, customers now expect to do their processes anywhere of their choosing with zero friction. Whenever, the customers encounter some friction or pain point which inhibit their ease of achieving the goal, the view of the institution change which comes back to hit the banking brand hard.

Therefore, the traditional financial institutions have to take imminent action to ensure that they don’t lose firm ground. Perhaps, the only solution is to kill the pain points in their consumer experience by integrating the promising crypto technology.

Fintech Startups Carrying it Out

One thing that the fintech startups have done is finding the opportunities to eliminate the friction across the touchpoints in the consumer journey. By so doing, they are attracting more customers than the traditional financial institutions as they provide faster transactions which are very secure at the same time. And guess what? It’s coming as banking system the following suit.

Ripple’s xRapid Gets World Bank Approval

Ripple’s payment tool xRapid platform provides near-instant payments, and for that reason, the World Bank approved it to be used for quick bank transfer. xRapid will be used for the cross-border payments. Besides, Distributed Ledger Technology (DLT) will aid in remittance.

So, the primary reason is to eliminate the pain points since as noted already, Ripple provides quality services such as sending funds at almost zero cost and the funds get sent instantly.

https://twitter.com/Lionel46294550/status/1117702411743891456

It’s worth noting that, although initially, most financial institutions were reluctant in integrating this kind of technology, the time is almost here that they change their stands. The World Bank adopting Ripple‘s xRapid for its fund transfer may just be the beginning of a series that will follow, and slowly but steadily, all pain points might go away.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Tron network now hosts almost 300 dApps as 38 new apps join the family

By | Edited By Ali Qamar,,

The Tron network keeps attracting new decentralized applications establishing itself as the world’s most rapidly growing dApp platform. It also has the highest trade volumes in the crypto verse, beyond Ethereum’s and EOS’. A fresh report published recently by the Tron Foundation states that 38 new decentralized applications are online in the Tron environment.

The Tron Foundation dApp report

Among the many exciting bits and pieces of data included in the Tron Foundation’s decentralized applications report, there’s the number of daily active users. It’s stable at about 30k steady users over the last few weeks. The development trend for new apps leans towards gameplay and strategy. The point is to create novel user experiences in those areas.

On further news, the Foundation informed that many more decentralized app in the games category are in the development agenda with a higher degree of complexity. At this point, it bears mentioning that betting apps boomed a few weeks ago, but user interest in gambling has waned off a bit recently so, there is something of a dip in the dApps’ DAU.

Blocklords

“Blocklords” is among the new apps deployed this week. This game is blockchain-based, and it’s a strategy adventure that brings users to middle-ages war scenarios. While the game is newly deployed, its reputation precedes it as it won a grand prize in the Tron Accelerator competition.

The gaming experience includes the storage of the users’ objects and items to enhance the player’s experience as they join in the way Europe develops while the medieval era comes to life through Tron’s blockchain. Users can put fortresses under siege and recuperate any items they’ve lost.

And there’s airdrop on every 800 new blocks completed by the network that’s allocated to the users with newly conquered fortresses. So the game even provides a source of passive income.

And since we’re on the passive income subject, if you control a city, you collect a 10% tax on every transaction carried out there.

MyWish

Another app mentioned in the Foundation’s report is “MyWish” which was released about two years ago on the Ethereum network. This app allows to build and implement custom smart contracts in the Tron Main Net.

Justin Sun (Tron’s CEO and founder) celebrated the Tron’s network further progress as dApp platform in his typical way, which is tweeting it. Tron Foundation tweeted:

Last but not least, the Foundation informed that IPFS is currently undergoing tests for integration into Tron’s dApps.

Tron keeps reporting great news that strengthens the project’s fundamentals which, in turn, will end up driving the project’s currency (Tronix or TRX) price up. As we write this, the token remains 11th by market capitalization, and it trades at $0.0262 in slightly red numbers for the last 24 hours.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Collaboration between Tron and Blockchain Security Enterprises on the table, Justin Sun

By | Edited By Ali Qamar,,

The cryptocurrency market as anyone can safely say is on the roller coaster ride at the moment as every minute that passes leaves enthusiasts and the authorities in the industry wondering what is coming up next. All the crypto giants (including Bitcoin) where at one moment cruise to the old safe mark, the next moment comes up with a sudden fall to that hike.

This is in general not the case with Tron; that trend has never been with the Sun-led crypto for the past 6 months. Where every other cryptocurrency in the realm struggled to hold onto their standings and supposed worth, Tron founded and run by the famous face of the industry Justin Sun, not only survived that barbaric period of bear’s attack but also emerged out as one of the growing blockchain projects in the crypto planet.

According to the reports, Sun-led blockchain project, Tron recorded a 567% growth in the daily transaction area and 25.17% rise in the market capitalization during the past six months. Where in October 2018, the daily transaction of the altcoin was recorded to be 244,237 on average, the recent calculation made in April indicated the number to be increased to 1,630,237.

The team working behind the scene also commented about the high performance of the cryptographic project as it is the result of the contribution of the community as well as the global team working on it 24/7. As things stand, it seems that the project will continue to do so steadily and rapidly.

Tron and Blockchain Security Enterprises Come Together for Better Decentralized Ecosystem

Justin Sun, the CEO of the 11th largest crypto asset in the world, proclaimed last week that to create a better ecosystem for decentralized applications Tron will be working together with the blockchain security enterprises in the future.

The CEO further went on discussing the vision behind the partnership as it will be a fruitful convenience for the developers to create more smart contract applications without worrying about their safety. In his own words:

Although the exact timing of the said the promising partnership had not been shared in public yet, it surely provides the real sense of dedication the Tron’s administration aims to remain as the leading decentralized network for hosting DApps in years to come.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Swarm joins the Tron blockchain to offer new financial services

By | Edited By Ali Qamar,,

Swarm to bring security tokens into Tron’s network

Swarm will use the Tron blockchain to allow asset providers to issue security tokens. Swarm is a blockchain company specialized in providing asset tokenization in such a way that the tokens pay dividends for very competitive fees.

The Tron Foundation announced this new development three days ago. The Foundation added that proper licensing and KYC (know your customer) measures implemented will be required of those who want to use the new service.

Swarm is in the business of developing tools that make it easier for customers to get to value in a wide range of assets. Justin Sun (Tron’s founder and CEO for the Tron Foundation and BitTorrent) used his Tweeter account to explain that tokenization through Tron’s technology will enable customers to transact more rapidly and with fewer fees.

Tron’s leader welcomes Swarm

Mr. Sun had good things to say about Swarm. He praised the firm as a leading force in the developing of the world’s digital investment infrastructure. Choosing Tron will give the investment world an option to adopt decentralized technology.

Here are Mr. Sun’s words:

Swarm’s executives also have something to say about the new strategic partnership. The company’s co-founder and CEO, Philipp Pieper, manifested excitement about this new development, singing Tron’s praises because of its commitment to deliver fast, free solutions for all kinds of problems by taking advantage of decentralized technology. Mr. Pieper also said that Tron’s technical specifications make it the perfect network to host its open tokenization technology.

Smart contracts for security tokens will be denominated in USDT-Tron tokens to take advantage of that token’s price stability. The USDT-Tron is also a new development for Tron, the fruit of yet another meaningful strategic partnership with Tether which is moving its stable coin to Tron’s token technology (TRC20) to take advantage of the network’s fast transaction speeds and reliability. But TRX, Tron’s native currency, will not remain out of the arrangement and it will also be available as means to offer security tokens.

Swarm trusts that by joining Tron, it will be able to tap in the Tron’s community interest in security tokens (or create it). Which could be a great success as Tron’s community is among the most active, committed and bullish in the cryptoverse. It’s also a very open community to new developments in the project. Members in the Tron community have expressed excitement about this new venture as well as confidence in its long-term growth and benefits.

Swarm is confident that its partnership with Tron will pave the way for the massive and engaged Tron community to venture into the world of security tokens. The Tron community was excited about this latest development, with most of them very confident about the long-term benefits of the project.

Tron keeps growing and securing significant partnerships that bring all kinds of external interest in the Tron project as well as to the cryptosphere as a whole. Thus the project is building up its fundamentals very solidly, and that will be translated into token value and market capitalization sooner or later.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Cashshuffle’s new technology enables Bitcoin Cash users to mix up millions

By | Edited By Ali Qamar,,

Cashshuffle is a service for Bitcoin Cash (BCH) users that enhances privacy for them and their digital assets. It’s a decentralized protocol that gets a bunch of coins from Bitcoin Cash users and mixes them up. The point in the mixing is to obfuscate the blockchain’s transaction history in such a way that even a serious analysis of the chain it’s thoroughly challenging to do.

So forensic analysis on a user’s transaction history becomes a nightmare, almost impossible. The service appeared about two weeks ago, and it’s already supported by several popular cryptocurrency wallets.

This kind of development speaks volumes about the type of loyalty and bullish sentiment that Bitcoin Cash has been able to instill in its users. Blockchain projects such as Monero (XMR) have privacy features hardwired into the blockchain, the network, and the token.

One would think that the easy way to go about keeping nosy individuals (or institutions) confused about the way you use your digital capital would simply be to adopt that kind of digital asset, at least in a transient exchange, and then go back to the cryptocurrency of your choice. But Bitcoin Cash holders seem to prefer to keep operating in BCH even if taking care of their privacy needs a third-party service.

During the two weeks in which Cashshauffle has been online, it’s gained a lot of attention and users. It’s shuffled 8,825 BCH tokens as per the data from last week, and it’s settled about 2.000 transactions. It’s proving popular.

“I shuffle all the time.”

Traction is on the new platform’s side. Those nearly nine thousand BCH tokens are worth USD 2,6 million in the market. It’s an impressive trading volume for such a short history. A BCH developer tweeted information about the total amount of Cashshuffle transactions since it went online and the number is 1,917. Early support from Electron Cash wallet hasn’t hurt either.

The new protocol is not your ordinary cryptocurrency shuffling service. The usual story for those is that you, as a user, need to trust the service not to lose your coins in the mixing process, and pay a fee, which is usually rather steep. Cashshuffle is way cheaper than any of its competitors. It’s open source, and the fact that none of the individual parties involved can know how inputs and outputs are related makes it safer than other similar products.

An alpha version was released on Electron Cash (EC) as a plugin extension. Now it’s a standard feature.

The security and code analysis consultants Kudelski reviewed the source code and the compiled software thoroughly as well. Their report was very encouraging. The firm tried to find any common vulnerabilities, bugs and to assess the code’s overall security.

“We did not find any critical shortcoming in these components,” Kudelski Security informed in the published audit. The firm added that,

“It seems that the Coinshuffle protocol and the Cashshuffle implementation provide a practical solution to the problem of mixing transactions without the risk of funds being stolen in the process.”

The BCH community helped Cashshuffle come true

Donations have been a big part in the funding, maintaining and improvement of the protocol. They’ve been critical in keeping the developers going and doing the excellent and innovative job they’ve done. Just in the last day or so, the Cashshuffle team has raised about USD 14.000,00 in donations from the community. Some of that came from the Bitcoin Unlimited development team in the form of 15 BCH units. That was yesterday.

And there’s even further progress. Jonald Fyookball, who serves as Electron Cash’s lead developer, announced that EC v 4.0.0 will include Cashshuffle and will be available for Windows, Mac OSX and Linux.

Mr. Fyookball was also vocal in thanking the community for their help in supporting the protocol. He also praised the developing team and all those who helped pay for the critical security audit. The EC’s 4.0.0 version includes new features such as coin control as well as additional logic that turn the wallet into a better tool for ensuring privacy.

Nilic the Grim (an EC developer) thanked some of the developers by name (Acidsploit, Emergent Reasons, Imaginary Username, Mark Lundeberg, Josh Ellithorpe, Clifford, and Calin Culianu) for their essential help with the freshest version. But he didn’t hesitate to say that most of the support came from the BCH community.

“This community is the MVP — Really I swear, so many people helped out from suggestions to testing to finding esoteric bugs, to organizing stuff like the audit and finding funds for it — It was a community effort beyond the devs 100%.”

The BCH community loves the new Cashshuffle protocol because of the new and unprecedented level of privacy it guarantees for the BCH environment. Amaury Sechet, one of Bitcoin’s ABC leading developers, thanked the EC developers as well for the great work they did and assured them and the community that the voyage is only beginning “There is more to do before that thing is as secure as it could be given the auditability of the chain.”

Other BCH fans have hailed the new protocol as a real pioneering effort that puts the BCH network right on the limit of the Cryptosphere’s most advanced technology. The amount of support, the rapid expansion of the user base, and the money the project has collected in donations seem to support the good vibes about the project.

Image courtesy of Pixabay.

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