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

Akash Anand



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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Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app




Binance Chain's "decentralization" questioned by Bitcoin enthusiast; calls Binance DEX as just an "app"
Source: Unsplash

Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.

According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.

He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:

“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”

He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.

Wertheimer further added:

“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”

A Twitter user, @bag_holder commented:

“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”

Another Twitter user, @thecryptostefan commented:

“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”

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