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Tether [USDT] launched on the Tron [TRX] blockchain as Tronics predict massive bull run

Akash Anand

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Tether [USDT] launched on the Tron [TRX] blockchain as Tronics predict massive bull run
Source: Pixabay

Tron’s [TRX] march towards mainstream adoption has been peppered with multiple updates and developments that include upgrades within the blockchain as well as partnerships with major organizations. One of the biggest Tron revelations of 2019 has been its tie-up with USD-pegged stablecoin USDT and on April 18, USDT was officially launched on the Tron blockchain.

Following the news, Justin Sun, the Chief Executive Officer [CEO] and founder of the Tron Foundation tweeted:

“Today #USDT is launched on TRON’s blockchain. $USDT is issued by @Tether_to on the #TRON network based on #TRC20 protocol. There will also be a total reward of 20 million $USDT for 100 days. $USDT will be fast, free and smart! #TRX #BTT”

Tron’s USP about the launch of the latest stablecoin is its advantage over the OMNI-USDT pairing. The official release from the Justin Sun-led company stated that the token is an upgrade from the OMNI protocol based USDT, which will allow users to hold and transfer assets via smart contracts on the Tron blockchain. Another advantage was the “completely free and transparent process” promised by the Tron Foundation.



Sun has been pushing for the adoption of the USDT-Tron partnership ever since its reveal, which was shown by him stating that the team-up will make USDT more reliable, faster and cheaper in the future. He had claimed:

“The current solution is very obsolete which is extremely expensive, slow and unreliable for other stable coins. So once we gain the USDT-Tron infrastructure, I think the whole Tron community and the whole blockchain community will benefit from the move away from Bitcoin.”

The Tron community or the ‘Tronics’ have been invested in every single update of the partnership as the last announcement about the USDT-Tron launch date caused the price of TRX to shoot up by a massive 8 percent. The pairing stressed on the importance of enabling interoperability with Tron-based protocols and DApps, what many consider as Tron’s forte.





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EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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