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Tron BitTorrent [BTT] airdrop supported by another cryptocurrency exchange

Priya

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Source: Unsplash

Tron [TRX], the ninth largest cryptocurrency in the market, has been the highlight of the cryptocurrency market because of all the announcements pertaining to its development and projects. The coin took the center stage earlier this week when Binance announced that they would be launching BitTorrent token [BTT] crowdsale on their new platform, Binance Launchpad.

Following this, much to investors delight, Justin Sun, the Founder and CEO of Tron Foundation, announced that the TRC10 token would be airdropped to all the members of Tron community. During a livestream on Youtube, the Founder also stated the Tron community has a special tie with the BitTorrent community [BTT].

BitTorrent still stands as one of the biggest acquisitions in the cryptocurrency space, as the benefits of the platform are noted by well-known influencers of the space including Charles Hoskinson, the CEO of IOHK and Satoshi Nakamoto, the creator of Bitcoin.

Soon after the acquisition, the Founder announced that BitTorrent is going to be a part of Project Atlas, an integration of Tron and BitTorrent. The project aims to improve the network’s protocol, increase its speed and lengthen the lifespan of the swarms. Sun stated that more information regarding the project and the airdrop is going to be announced in the upcoming summit, niTron 2019.

Additionally, cryptocurrency exchanges have already started to come forth and announced their support to the Tron BitTorrent [BTT] airdrop. Earlier today, Koinex, India’s largest cryptocurrency exchange, announced that they would be supporting the upcoming airdrop, on their official Twitter handle.

Sir Bitlord, a Twitterati said:



“Today I moved a bigger amount of $TRX in escrow. This is for my son. The TRX will be released to him in 13 years I believe this way he will basically be economically independent when he starts his adult life Really, everybody should be securing their children’s future this way.”

To this, Justin Sun said:

“Your son will not only receive #TRX but also #BTT with numerous amazing projects happened in 13 years. #TRON $TRX”

Yesterday, OKEx, one of the leading cryptocurrency exchanges in the world, announced the launch of Tron margin trading for the coin. The coin has been paired with Tether [USDT] and Bitcoin [BTC], and users can avail leverage of up to 2x of their available balance or the maximum limit, whichever is lesser. Along with this, WazirX, another cryptocurrency exchange, also announced that they would be supporting the BitTorrent airdrop.





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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.

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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