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NEO block production gets delayed by approximately 127 minutes

Priya

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Source: Unsplash

Zzzoen, a Redditor, recently pointed out that NEO’s block #3467252 took over 152 minutes to be produced, leading to the cryptocurrency community speculating the reason and some even calling the project a scam. However, the Neo community soon dismissed the allegations by providing a suitable explanation.

NEO is currently the seventeenth largest cryptocurrency by market cap and a leading smart contract platform. The project stood out in the space because of the implementation of the Byzantine Fault-tolerant consensus mechanism, which was later upgraded to Delegated Byzantine Fault-tolerant [dBFT] consensus mechanism. Additionally, NEO was one of the first projects to adopt a dual-token economy, NEO and GAS.

The Redditor stated that this post was deleted from the Neo sub-reddit, raising concerns over centralization from other communities. The Redditor said:

NEO block production delayed by over an hour | Source: Reddit

NEO block production delayed by over an hour | Source: Reddit

However, another Redditor, Dreit, soon cleared the air regarding the delay of the block production.  The Redditor stated that the reason why the block production was pushed to over an hour was because of NEO’s consensus mechanism, adding that NEO follows an exponential block protocol.



NEO consensus basics | Source: Reddit

NEO consensus basics | Source: Reddit

Edgegasm said:

“NEO’s consensus mechanism requires nodes to come to an agreement before a block can be added. If for some reason they cannot come to an agreement, it will delay the next block until they can. It’s a trade off you make to avoid forks and provide transaction finality.”

Source: Reddit

Source: Reddit

Xenzor, a Redditor said:

“My guess is neo 2.10 is getting pushed to consensus nodes. We knew this was coming for about 3 weeks but no exact time frames […] Still rather a minor block issue for an hour or so than some other chains had recently with major exploits and stolen funds lol. Anyway. This stability issue is resolved in the next version 2.10.0. So essentially a non issue after the rollup.”





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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 DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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