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Tron [TRX] leaps forward with the launch of its wallet

Akash Anand

Published

9 months ago

on

Tron [TRX] leaps forward with the launch of its wallet
Source: Unsplash

On 31st July, the Tron Foundation announced the launch of the TronWallet on the Google Play Store, making the application available for Android users before Apple users.

The company has stated that the wallet will make it easier for users to handle transactions faster and better with the goal to fully unleash the potential of the Tron network. With this release, users will be able to vote during the time of Super Representative elections, be a part of the Tron token sales and make all transactions more seamless.

The Tron Foundation has also released a list of features that would make it appealing to the users:

  • The platform has assured that users will not be levied any transaction charges while sending or receiving TRX.
  • The Tron foundation has released a statement saying that the user experience will be dramatically different from other wallets and that the wallet keys will be stringently private.
  • The company has said that the wallet will be a fully decentralized peer to peer application which will not require any login or signup. The encryption will be based on an AES-256+ SHA2 by supplying a 64-byte encryption key.
  • The Tronwallet Application Programming Interface [API] is aimed to make the integration of Tron easier for game and application developers.

The wallet was developed by the Tron Foundation in association with Getty/IO, a software company. The organization is South America’s largest nearshore front-end development firm that specializes in modern JavaScript, AWS and Blockchain technology.

Dio Lanakiara, the Founder, and CEO of Getty/IO said:

“With today’s release, TronWallet makes it easier for you and your friends to unleash the power of the TRON Network and its applications with a fully decentralized p2p wallet for iOS and Android. TronWallet is a beautiful, simple yet powerful p2p crypto wallet dedicated to TRON users.”

Lanakiara has also gone ahead and said that the TronWallet prototype was originally built to participate in the TRON Developer Programming Competition.

Crypto Brady, a Twitter user commented:



“Awesome job! Lets get IOS up soon so that I can go mobile.”

Aidas Palubinskas, A Reddit user commented:

“Too bad those who deposited their #TRX $TRX in @bitpie can’t trade anything, because it hasn’t converted anything and keeps everything frozen. Bad look for @Tronfoundation  #omnishambles”

The TronWallet release was also followed by the news that TRX will be traded on Digifinex soon. Digifinex has also announced that the TRX bounty program also starts the same time as TRX transaction on the trading platform. Digifinex is a trading platform that is based in Singapore with a lot of developments in the pipeline.




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Akash Anand

Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

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Altcoins

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

Akash Anand

Published

2 hours ago

on

April 19, 2019

By

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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