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Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official

Priyamvada Singh



Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official
Source: Pixabay

In a recent video carrying the interview of Marcus Zhao, the Technical Manager for the Tron project, made several claims involving Tron’s competency over Ethereum [ETH], Bitcoin [BTC] and EOS. He also spoke about the allegations shot at Tron by several parties earlier this year, where the project was reported to practice plagiarism. Regarding this, Zhao made a statement that said:

“As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.”

Furthermore, he continued to tout the cryptocurrency project by stating that Tron’s codes are reliable, precisely because it has not faced any problems on the chain. According to Zhao, Tron never used the Ethereum protocol. More so, he said that in order to attract the Ethereum developers, the Tron team made the Tron Virtual Machine [TVM] compatible with the Etheruem Virtual Machine [EVM]. Additionally, he stated:

“However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.”

Under the umbrella of future developments in Tron, Zhao revealed that the team will develop more advanced features, such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more. Until then, the techie stated that Tron will continue to improve the current features and usability of the public chain.

Next, the topic of Tron Super Representatives and the election day came up wherein Zhao was asked about Justin Sun’s quick win via votes. Here, he mentioned that Sun received a large number of votes in a short while as he has many followers and community supporters. Furthermore, he stated that the community trusts Justin Sun and his ability to run the node well. In his words:

“Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.”

He then made a huge claim stating that the SR group is far more decentralized than the nodes on Bitcoin and the 21 supernodes on EOS.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%




Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.

Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”

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