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TRON [TRX] starts its countdown for the main net launch

Sthuthie Murthy

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TRON [TRX] starts its countdown for the main net launch
Source: Pixnio

There is probably no way anybody in the crypto-world will miss the Main net launch scheduled on May 31st with all the hype and publicity being created by Justin Sun and his team. The Countdown has yet again begun and Justin Sun, the Founder tweeted earlier today:

“Countdown to May 31st. Tron main net will be launched in 50 days, 1,200 hours, 72,000, 4,328,800 seconds.”

John Smith, a blogger, and trader commented:

“Stop with your Stupid Countdowns. Every Time you make something like that we all disappointed and the Price is drop down.

Smith Blake tweeted:

“Stop with your stupid FUD. That’s what hurts TRX on twitter and Telegram! Why can’t people that invest in a coin/token grasp that concept! Like others are saying, blame the (bearish)market and weak hands until it’s fully recovered!”

As the earlier news stated, the main net launch will eliminate the ERC20 network reliability. This had raised serious questions about why Justin tried to drag Ethereum down stating “serious challenge” in his earlier tweet, resulting in the Twitter Brawl between Sun and Vitalik Buterin, Ethereum’s Co-Founder.

TRON's test net launch announcement

TRON’s test net launch announcement

Tron [TRX] is currently trading at $0.03 without any major fall or gain, but the overall volume within the last 7 days has increased by 12% roughly. TRX is still placed at the 12th position with a market cap of $2.4 billion.

Brandon Cooper suggested in his tweet:

“You beat Facebook, u must bring profile over to Tron or market to a new generation. People have for 10 years invested in Facebook… and now, Instagram will be the real challenge to beat.”

Here are some things to look up for in the Main Net Launch:



  1. Tron Gaming Integration: With the reliability of TRX in place, the TRON’s network is capable of scaling to meet the requirements of something like a gaming platform. Justin Sun and the TRON Foundation have successfully established a strong partnership with game.com’s Xu Le, a CEO committed to growing cryptocurrency and blockchain implementation in the gaming industry.
  2. An outlet for Crypto Social Media: Tron plans to take over Facebook, Instagram, and other social media platforms.

Ginger Thomson, a market enthusiast commented:

“Let’s see some of that Rockefeller and Soros action in TRX. Post-tax returns fingers crossed the market cap pick up.”

Sinchan, a Tron enthusiast stated:

“On May 31st Tron price will be $1, Lol. I really Like what Tron is all about. I am really excited about their future. The one thing I am not too sure about is all those coins. Honesty. Who else has an opinion on this.”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Altcoins

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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