Tron [TRX], the eleventh largest coin on CoinMarketCap, has been undergoing a rough patch in the market. However, that has not stopped the coin from getting adopted by exchanges. Like Bitpanda, Celsius Network carried out a poll asking crypto enthusiasts which coin they wanted to be listed. Tron led the poll by 54%, closely followed by Tezos with 23% of the vote.
Misha Lederman, Tron proponent, shared this news via his Twitter handle,
“#TRON overwhelmingly won the poll and garnered 54% of the final vote cast by more than 2,200 people as @CelsiusNetwork asked which new coin to support 🙏🏽”
The performance of Tron has been boosted as it expands its ecosystem with different partnerships. Apart from making its way to Celsius Network, Tron also announced a collaboration with Bitpie Wallet to help startups bridge the financial gap in the blockchain sphere. The announcement was made by Bitpie,
“Welcome @Tronfoundation on joining #BitHDMultisigPartnershipPlan! By collaborating with #TRON and other partners, we are expecting to help more startups and investors learn and gradually secure “Cold wallet+Multisig” approach on managing their and users/investors assets.”
The collaboration aims to help startups by managing their users and investors’ assets through the “Cold wallet + Multisig” approach. The wallet informed through a blog post that it had “initiated the 322 Multisig Day” on March 22, 2019, noting that the wallet launched its BITHD Multisig Partnership Plan.
According to the publication, 11 enterprises have joined BITHD Multisig Partnership Plan. These include Poolin Pool, Tron Foundation, 8BTC, ChainNode, WhaleEx, Random Capital, Newdex, Coinbull, Chaince, Dex.top, and IMEOS.
Tron recently surpassed Bitcoin transactions and going by the data available on Tronscan and Etherscan, the coin is 20 million transactions away from surpassing Ethereum’s [ETH] transaction volume. Ethereum has recorded total transactions of 454 million since 2015, while Tron [TRX] has registered 437 million transactions since 2018.
At press time, Tron was valued at $0.0281 with a market cap of $1.88 billion. The 24-hour trading volume was $666 million, as it noted 6.24% growth over the past day. Over the past seven days, the coin noted 7.93% growth, but was slipping by 0.03% within the hour.
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XRP TipBot comes back online after a tiny downtime; Nothing to be worried about, says Wietse Wind
XRP TipBot’s website and the corresponding application suffered a downtime on June 23, 2019 for a few hours, during which the application wasn’t showing the balance of users. The website and the API for TipBot instead, displayed a “500 Internal Error.”
A Twitter user, @BlueNETGaming, tweeted Wietse Wind, inquiring the same. Wind confirmed that it was just an “infrastructure blip,” and that there was nothing to be worried about.
Oops! Sorry! Infrastructure blip. Really easy fix but I enjoyed an offline afternoon with my girls 😇 So I only found out after some time, when I checked my phone. Monitoring, messages, calls 😇 Social media tips went through during the downtime. Sorry! 😆
— Wietse Wind (@WietseWind) June 23, 2019
XRP TipBot is probably the first and most widely accepted use-case of XRP. It leverages the transaction settling time of XRP Ledger to make tipping easy among peers on Twitter, Reddit, and other platforms, and this was the brainchild of developer Wietse Wind.
After TipBot, a lot of other cryptocurrencies have tried to mimic this idea of facilitating tipping; an example being Bitcoin’s, Tippin.Me which leveraged Lightning Network for tipping users. Although successful, it isn’t as popular as Wind’s TipBot.
The reason behind the same is that XRP Ledger allows transaction settlement in under 5 seconds, which makes tipping fast and efficient, unlike Bitcoin’s transactions which take a few minutes for transactions to be confirmed.
This is same reason why XRP is being used as a liquidity provider for cross-border payments in Ripple’s proprietary product, xRapid.
XRP community is a tightly-knit community with people who are very bullish about XRP’s success. There are equally talented developers in the community who are developing apps that help create more use-cases for XRP.
SchlaubiDev is one such developer known for developing plugins for Gmail and Microsoft Office, plugins that allow a user to send XRP over e-mails.
Ripple has identified Wind and his team’s talent and inducted them into Xpring, which finances them to help develop more community-based apps for increasing XRP use-cases.
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