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Monero [XMR]’s fluffypony retaliates to Faketoshi’s statement on coin privacy

Priya

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Monero [XMR]'s fluffypony retaliates to Faketoshi's statement on coin privacy
Source: Unsplash

Craig S Wright, the Chief Scientist at nChain and a Bitcoin SV proponent, recently made some claims pertaining to Monero [XMR] and ZCash, on his official Twitter handle and Riccardo Spagni aka fluffypony, the lead maintainer of Monero, retaliated to his statement.

Monero [XMR], the thirteenth largest cryptocurrency by market cap is known for its privacy features. Based on a blog report, Monero enhances privacy with the use of ring signatures, confidential transactions and stealth addresses. This ensures that apart from the information required to approve transactions, no other information is open to the public.

Additionally, the coin’s cryptographic privacy ensures that its transactions are untraceable and has unconnected characteristics. On the other hand, ZCash preserves privacy with the help of Zero-Knowledge proofs, which mainly hides transaction details.

The self-proclaimed Satoshi Nakamoto aka Faketoshi said on Twitter:



“Yes, I can make ZCash and Monero completely traceable… A means to start monitoring it all and attributing. And, responsible disclosure is not those teams. Have a nice life.”

Source: Twitter

Source: Twitter

Source: Twitter

Source: Twitter

This was soon met with Riccardo Spagni’s retaliation. He said:

“All talk, no action. This moron is just a snake-oil salesman in a cheap, ill-fitting suit, wearing a gaudy watch that he thinks looks expensive because a store clerk told him as much, bragging about money he doesn’t have & skills he can’t demonstrate. It’s just sad & pathetic.”

Source: Twitter

Source: Twitter

Udi Wertheimer, a Bitcoiner and coder, said on Twitter:

“Keep trolling, horseman. I deanonymized all your txs and have the location of your sunk boat and whatever else. My team is underwater fishing for your keys, and once we find them we will dump them all for Bitcoin (BSV) and then release 78 papers describing how. Risk. Finance.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Altcoins

Tron [TRX] DApps surpass Ethereum, EOS in terms of weekly active and new users

Namrata Shukla

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Tron [TRX] DApps surpass Ethereum and EOS in terms of Weekly active and new users
Source: Pixabay

Tron [TRX], the eleventh largest coin on CoinMarketCap, has been crossing new milestones recently, with its block height and partnerships. Despite the coin performing rather poorly in a relatively bullish market, its adoption and the popularity of its DApps have made Tron lead the DApps market.

Tron’s popular proponent, Misha Lederman, shared with the community Tron’s recent achievement. Compared to Ethereum [ETH] and EOS, Tron registered a higher number of new users and active users. It noted 60k new users, while Ethereum reported 25K and EOS reported 9k. The active users on Tron’s DApps platform were 172k, followed by EOS with 170k and ETH with 54k.

Lederman in his tweet commented,

“#TRON growing fastest in terms of new users among Top 3 platforms:
New Users:
TRON 60K; #ETH 25K; #EOS 9K
Active Users:
TRON 172K; EOS 170K; ETH 54K”

Source: Twitter

Source: Twitter

He added that BitTorrent Speed’s launch in Q2 would provide Tron and BitTorrent users with BTT as an incentive for seeding, which might lead to a growth in the user base of TRX and BTT.



Source: Twitter

Source: Twitter

According to Tron foundation and BitTorrent CEO Justin Sun, TRX will make its way into the top 10 by the end of June, whereas BTT will be a part of top 30 by Q2. However, Tron’s current market cap is $1.87 billion, whereas Cardano [ADA] on the tenth position reported a market cap of $2.12 billion.

At press time, Tron was valued at $0.0279, with a market cap of $1.87 billion. The 24-hour trading volume of the coin was noted to be $664 million, as it fell by 2.80% in a day. TRX managed to register 12.60% growth over the past seven days. However, it fell by 0.53% in an hour.





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