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Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March

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Tron [TRX], the new quote currency on ABCC exchange; trading pairs to be live on 18th March
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ABCC Exchange announced the addition of TRX as a new quote currency on the platform. The latest development unfolded two months after Tron’s collaboration with ABCC. The digital asset exchange platform also revealed the listing of the TRX token pairs on its platform. The blog stated:

“The latest Tron [TRX] brings about the listing of BTT/TRX, IGG/TRX, SEED/TRX, TERC/TRX, and VENA/TRX.”

Following the addition of Tron’s native token, TRX on ABCC, Tron’s Founder and CEO, Justin Sun tweeted,

“We are excited to see @abcc_exchange adding #TRX as basic trading pair on Monday! Write them what you want to list on #ABCC.”

The ABCC team further announced the launch of an unspecified campaign to celebrate the TRX trading pair on the exchange’s platform. ABCC, whose native token is AT and has Basic and ABCC Pro incorporated to its trading platform.

The exchange platform has a user base of over 120 countries and communities and had partnered with Tron in January 2019. This marked ABCC as the first crypto trading exchange to list tokens based on Tron’s TRC10 technical standards.

According to the Tron developer’s network, the technical token standard, TRC-20 is supported by Tron’s blockchain natively and is used for implementing tokens with the Tron Virtual Machine [TVM]. TRC-20 is fully compatible with ERC-20.

Additionally, the Tron community also gained traction after recording $31 million in user spending on its DApps. The Tron network surpassed 2 million mainnet user accounts.



In the first week of March, Tron registered a transaction amount greater than that spent on EOS and Ethereum DApps combined, accounting for a staggering $46 million. The amount spent on EOS and Ethereum DApps stood at $11 million and $2 million, respectively. Last week, two new DApp games on the Tron blockchain BlockchainCutie and Chibi Fighters were leading in a report by Crypto Gamers-egamers.io.

At press time, Tron’s native token TRX, the tenth-largest crypto asset by market cap was priced at $0.023 and recorded a trading volume of $178.9 million in the past 24-hours. TRX held a market cap of $1.57 billion and exhibited a major bull run.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

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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