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Akash Anand

Justin Sun Talks About Project Atlas, BitTorrent and Future Prospects

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In a recent interview, Justin Sun, the Founder and CEO of Tron foundation spoke about the future prospects of the Tron Foundation, he recently acquired BitTorrent and the upcoming Project Atlas.

Speaking to Coincentral, Justin was candid in stating that the cryptocurrency world is evolving as a whole, and he is excited to be a part of it. He stated:

“For me, perfecting current technology and our community is the foundation of a project. No matter how the price changes, we are not going to stop improving user experience and TRON ecosystem.”

Justin Sun also stated that Tron has reached this far without any significant mistakes or failures, unlike some other networks. He revealed that the Foundation was investing a lot in the Research and Development initiatives of the cryptocurrency spectrum with the main aim of propagating mainstream adoption.

The discussion with Justin also covered the company’s unorthodox approach of focusing on the marketing aspect of the company rather than a smart contract approach. In Sun’s words:

“To be valuable, a network needs great technology, use cases, and users. By partnering with established companies such as LINE, Binance etc. our company gets more use cases for its holders, co-develops new technologies, and reach more people.”

According to Justin Sun, the BitTorrent acquisition is a step to bring in more blockchain based incentives to the masses:

“Since its creation, the BitTorrent protocol had a system of incentives built into its core processes. BitTorrent users can choose to upload data to users that upload faster to them. Prior to the acquisition in July 2018, BitTorrent’s R&D team was already researching ways to add blockchain-based incentives to the BitTorrent protocol.”

Project Atlas was also hailed as a way to empower creators and to make sure that credit is given where it is due. The company has also assembled a dedicated work force which develops Project Atlas.

 

 

TRX Price Analysis

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The cryptocurrency market has been undergoing an attack. Several of the major cryptocurrencies like Tron [TRX], Bitcoin [BTC] and Ethereum [ETH] are all buckling under the bear market’s weight.

Currently, TRX is sliding at a rate of 0.39% with a total market cap of $1.447 billion. TRX is trading for $0.022 with a 24 hour market volume of $56.8 million.

The majority of the trade volume is held by Rfinex, which has a grasp on 7.8 million of the total trade volume. Rfinex is closely followed by OKEx which conducted TRX transactions worth $6.85 million on the platform.

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The Tron [TRX] Foundation also recently released news of a new suite for developers to use on the Tron blockchain. This comes after news of the launch of the Tron Virtual Machine [TVM], a Turing-complete Virtual Machine for the development of dApps on the Tron blockchain.

Tron has been fighting to stay among the top cryptocurrencies. The previous spikes caused Tron to jump from the 13th position to the 11th position on Coinmarketcap. TRX also has a ‘hi-bye’ relationship with the top 10 cryptocurrencies, sporadically climbing to the 10’th spot, just to go back down to the 11’th or 13’th position in the next few days. Cryptocurrency enthusiasts are also speculating that Tron may overtake Monero, it’s closest competitor in terms of market cap, soon.

Trx Now Accepted As Payment By Pornhub,Brazzers And Other Adult Entertainment Website

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Pornhub, one of the leaders in the adult entertainment market, had announced that they will start accepting TRX as a payment for the subscription to their paid channel, Pornhub Premium.

Pornhub Aria, the official Twitter handler of Pornhub had stated:

“We’re excited to announce that were now accepting @zencashofficial and @Tronfoundation as crypto currency payment for Pornhub Premium!!”

They confirmed the deal further by creating an advertisement video on their portal that featured Tron saying:

“Pornhub and TRON (TRX): The Future Has Come…Again. @tronfoundation accepted soon on Premium”

The partnership beween  the two parties has been anticipated by the Tron community as the company had teased it for quite some time. The tie up had clearly stoked the curiosity of several TRONics, with NiteShowdow, a Twitter user saying:

“TRX is a token designed to recreate the internet in 10+ years, if ever — not a currency – either way, grats to you 2! Nothing wrong w/ sloppy seconds 😉 Let’s also keep in mind that this is PH, not Mindgeek”

After the Pornhub announcement, Tron went one step further by announcing that TRX will be accepted as a form of payment by other adult websites such as Brazzers, Traffic Junky and Nutakugames. The sheer enthusiasm shown by the Tron community even forced Justin Sun to ask:

“Where would you want to see Tron next?”

Brazzers is a pornographic generation company headquartered in Montreal, Canada. The company’s slogan is “The World’s Best HD Porn Site!” and has a monthly traffic of 37.83 million. TrafficJunky Inc. is a web advertising and digital marketing company founded in 2008 and headquartered in Montreal, Canada.  Nutaku is an adult gaming platform with primarily hentai games. Having headquarters in Montreal, Quebec, and Canada, Nutaku offers games with mature content.

 

 

Tron Praises Binance Charity Initiative; Tronics Still Enthused After Ethereum (ETH) Daily Transaction Take over

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Tron’s Justin Sun was present at the recently concluded World Investment Forum where the CEO of Binance, Changpeng Zhao spoke about the Binance Charity Foundation and Tron’s contribution of $3 million to the cause.

The Tron Foundation has been on a roll with a slew of development announcements and updates. The latest involvement with Binance’s charity initiative is seen as Sun’s instrumental move to increase Tron’s mainstream adoption rate.

CZ, as Zhao is more popularly known, was candid enough to admit during the conference that Tron’s support has been influential and that the use of blockchain technology can solve a lot of issues pertaining to financial transactions. CZ had stated:

“The world of blockchain technology has a lot of use cases and has to be remembered by everyone. Personally, I believe that with better transparency we can have 100 times better results. Moving money to deal with social problems is also another way to increase adoption. The sheer number of people who have donated to the BCF is also amazing, and I would like to thank Justin Sun who donated $3 million to this cause.”

Tron, which is currently ranked 11th on CoinMarketCap, has made investors and the TRONics community happy by revealing that it had surpassed Ethereum [ETH] by four times in terms of daily transaction rate. On 23rd October, reports showed that the total number of accounts had reached 500,000 while the number of transactions per day had peaked to a whopping 630,018.

The Ethereum takeover has created a profound impact in the cryptosphere because of Justin Sun’s previous remarks of Tron taking over Ethereum in terms of transaction speed as well as adoption rate. He had previously stated that the cryptocurrency community should prefer TRX over ETH because of its vastly superior transaction speed and applications built on the blockchain.

TRX Listed On BitBay And Other Cryptocurrency Exchanges

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TRX’s march to become the strongest cryptocurrency on the market seems to be going well. TRX was recently listed on BitBay, a popular cryptocurrency exchange which has coins like Bitcoin [BTC], Litecoin [LC] and Ethereum [ETH] on its platform.

TRX’s listing brings mutual benefits for both parties. BitBay profits from the customer demand of TRX while Tron increases its digital asset’s liquidity. BitBay is a Poland based cryptocurrency exchange and is hugely popular in Europe, ranked on the third place in terms of volume. The cryptocurrency exchange also has over a million users worldwide with a lion’s share of 70% of the total cryptocurrency market in Poland.

Justin Sun, the Founder and CEO of Tron tweeted:

“Tron will be listed on @BitBay, Tronics can deposit, withdraw and trade with TRX/BTC, TRX/EUR, TRX/USD.”

BitBay is not the only exchange that wants a bit of the Tron pie. The world’s largest cryptocurrency exchange by volume, Binance, is also announcing its listing of the TRX/BNB trading pair on its platform. Binance Coin [BNB] was launched to create trading incentives and further monetize the exchange’s services. BNB allows the traders to get a considerable  discount on trading fees when using BNB.

Another cryptocurrecy exchange that jumped on the Tron bandwagon was Satowallet, which already has over 60 cryptocurrrencies in its fold. SatoWallet’s claim to fame lies in the fact they aim to provide offline transactions for all users, old and new.

 

 

 

Tron TRX official talks about how the network is more competent than Bitcoin (BTC) and Ethereum (ETH)

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The cryptocurrency industry looks to be booming with cryptocurrencies like TRX at the forefront of innovation. Recently a video released by the Tron Foundation saw Marcus Zhao, the Technical Manager for the Tron project, speaking on the advantages of Tron over its counterparts such as Bitcoin [BTC] and Ethereum [ETH].

The official also spoke about plagiarism allegations against Tron. He said:

“As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.”

Zhao further added that the Tron blockchain will have a stronger hold on the cryptocurrency market as it has not faced any problems so far. He stated that in a bid to attract users from other networks, Tron had gone ahead and made the Tron Virtual Machine [TVM] compatible with the Ethereum Virtual Machine [EVM]. Furthermore, he said:

“However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.”

Users and holders were also informed about the future developments of the Tron Foundation. According to him, the features such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more will soon be implemented on the Tron blockchain. He also stated that Tron will continue to improve the current features and usability of the public chain.

The Tron official also touched upon the all-important Super Representative program, calling it a foundation for greatness. In his words:

“Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.”

 

Tron To Be Faster Than Ether And Cheaper Than Ethereum And EOS

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Recently, Justin S, the Founder and CEO of the Tron Foundation talked about the upcoming Odyssey 3.1 upgrade and its repercussions. The main point of Justin Sun’s discussion was the fact that the upgrade will result in Tron overtaking Ethereum and EOS when it comes to speed as well as cost effectiveness. He stated on Twitter:

“The TRON Committee function & TVM will go live, marking the start of the Smart Contract Era. TRON will be 200x faster vs. ETH, 100x cheaper vs. EOS. dApp developers & users, this one is for you! $TRX”

The talk about the upgrade comes in the wake of TRX being supported by multiple exchanges with the latest example being that of Bitfinex who has agreed to support TRX trading pairs with three popular fiat currency namely, the Pound, the Euro and the Japanese Yen.

Tron was languishing in the 13th position in the cryptocurrency charts but multiple developments and market disrupting ideas boosted TRX on the 11th place.

Tron Partners With Baidu

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One of Tron’s biggest partnerships was announced on October 18th  when Tron Foundation revealed that it had teamed up with Baidu, the Chinese technology behemoth. Tron announced that the new partnership will pave the way for better blockchain technology based solutions which will be assisted by cloud computing resources. The official Tweet by the Tron Foundation stated:

“#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”

Prior to the official reveal of this news, the Tron community was taking turn to guess who the secret partner was. Some users had even speculated that the partner could be Pornhub or Alibaba. The Baidu announcement tweet was also shared on social media platforms by Justin Sun.

All the details of the partnership are not out yet, but initial reports show that with this new deal, Baidu will step into the blockchain world under the Blockchain Centralization Super Partner Program 1.0. This is a stepping stone for Baidu to utilize the advantages provided by the distributed ledger technology.

Bitfinex Adds Three New Tron Pairings

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Tron was given a boost in popular cryptocurrency adoption when Justin Sun, the Founder and creator of the number 11 ranked cryptocurrency announced that Bitfinex, the popular cryptocurrency exchange, will start support three TRX pairings with the Pound Sterling [GBP] Japanese Yen [JPY] and the Euro [EUR]. The Tron official wrote on Twitter:

“Crypto exchange @bitfinex adds #JPY, #GBP and #EUR trading pairs to #TRON. #TRX $TRX.”

Bitfinex has created quite a lot of news in the cryptosphere with several traders appreciating the platform for its features and ingenuity. At the recently held Ethfinex Government Summit, Parolo Ardoino, the Chief Technology Officer of Bitfinex delivered a talk about his exchange discussing the recent products, Ethfinex and EOSFinex with the community. Here, he conveyed that Bitfinex created these products to follow an unbiased approach to avoid disputes within the developers’ community.

The updates come in the wake of a bear market that has shocked many investors. Tron supporters have openly stated that the announcements from the house of Tron have come as a sort of reprieve when a lot of the other cryptocurrencies have gone silent on the developmental front. With price movement fluctuating tumultuously, the Justin Sun led cryptocurrency has been trying hard to overtake its rival, Monero, on the cryptocurrency charts.

The community reeling after the announcement, Coin Lis, a cryptocurrency trader and blockchain enthusiast commented on Justin Sun’s Twitter announcement. She wrote:

“I knew some friends who were waiting for the EUR trading pair. They’ll be super excited! #trx #tron #crypto”

Another Twitterati, LockCrypto also put forth an opinion regarding TRX and the Bitcoin correlation movement. The comment read:

“More currency pairs / stable coin pairs means we don’t need to buy ETH/BTC anymore. go #tron level out the play field less correlation to bitcoin movement”

Justin Sun Announced $1 million reward for Roubini-Buterin Debate

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The debate between Nouriel Roubini, the economist and Vitalik Buterin, the CO-Founder of Ethereum is something that the entire cryptocurrency community is waiting for and Tron Founder Justin Sun is not far behind on the news. Justin recently announced $1 million as a reward for the winner of the debate between the two. Sun stated on Twitter:

“#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“

Ethereum is somewhat of a rival to Tron. When asked about the prospect of Buterin winning the debate, Justin Sun stated:

“Eh, I probably would have just donated it to @AgainstMalaria or whatever.”

The reward is not the first time that Justin Sun has taken a keen interest in the debate with earlier reports showing that Sun had suggested Nobel Laureate Paul Krugman should moderate the debate.

The entire reason for the debate lies in Nouriel Roubini’s latest attack on Ethereum as well as the applications built on it. The economist who had predicted the 2008 financial crisis had stated during multiple interviews that Ethereum is a scam and that the entire cryptocurrency market will go ust soon as it holds not feasible value. He had elucidated:

“You know, there’s a lot of people [who] talk about their DApps or their distributed apps. 75 percent of those apps are what? CryptoKitties, Ponzi schemes and other pyramid schemes, and other casino games, like Las Vegas. So, after a decade, what does Ethereum have to show us? CryptoKitties and Ponzi schemes? And that’s what they’re doing? They’re not doing anything that is of any use to anybody.”

One of Ethereum’s biggest issue which has also been admitted by italic Buterin has the scalability problem and Roubini had made sure to point out this fact. He stated:

“So, it doesn’t have any functions [it] should have: It’s not scalable, it’s not secure, it’s not decentralized. So, what is it worth for? With Ethereum, you can do twenty five transactions per second; with Visa, you can do 25,000 transactions per second.