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Tron [TRX]: Partnership between Tron Foundation and CoinTiger creates world’s first TRX marketplace

Akash Anand



Tron [TRX]: Partnership between Tron Foundation and CoinTiger creates world's first TRX marketplace
Source: Pixabay

The Tron Foundation and its Founder and CEO, Justin Sun, have given paramount importance to the integration of the world of digital assets with mainstream financial and economic markets, as evidenced by the sheer number of updates and developments rolling out of their roster.

The latest news from the Tron stable is the company’s partnership with CoinTiger, a digital asset exchange platform. During the reveal, Justin Sun tweeted,

“The world’s first #TRX trading market will be launched on @CoinTigerEx, The initial trading pairs under the market will be ETH/TRX, XRP/TRX, EOS/TRX, LTC. /TRX, XLM/TRX, BTT/TRX, the $TRX market will be available at 16:00, Apr 9, 2019 (SGT). Happy trading.😀 #TRON #BTT $BTT”

The partnership also entailed a TRX and BTT giveaway, with CoinTiger stating that the total amount coming to 1 million TRX tokens and 3 million BTT tokens. Tron’s goal to bring in more people into the TRX ecosystem was shown again when it stated that the top 50 traders, based on withdrawals and deposits, would share a pool of 800,000 TRX in addition to 1 million BTT.

Tron was also in the news recently when Justin Sun announced that the testnet was scheduled to release on May 30 with “unlimited 100x scalability and low energy cost”. The organization had also released a circular to inform users about the expansion plan of the Sun Network.

The plan included DApp sidechains, cross chain infrastructure, and other expansion projects. The project is also aimed at expanding the overall capacity of the Tron network, while at the same time improving the transaction per second rate and the smart contract efficiency of the Tron blockchain.

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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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