Connect with us

Altcoins

Tron [TRX] Weekly report: BitTorrent and DApps rule Justin Sun’s cryptocurrency

Akash Anand

Published

on

Tron [TRX] Weekly report: BitTorrent and DApps rule Justin Sun's cryptocurrency
Source: Pixabay

Tron [TRX] and its slew of developments have made a mark on the cryptocurrency market with the ninth-placed cryptocurrency bracing itself against the rampant bear attacks. The Justin Sun led cryptocurrency company recently released the weekly report that encompassed the updates it had made over the past week.

In terms of work completed, Tron stated that the wallet has been optimized for the multi-signature scheme, while the deferred transaction mode was designed for the structure. The Foundation added that there are a couple of projects in the pipeline such as developing anonymous transaction for the wallet as well as designing sidechain infrastructure for the smart contract.

Tron’s latest acquisition BitTorrent also had several updates with the main one being the listing of BTT on 23 separate exchanges. The exchanges included Binance, OKEx, Bittrex International and TRX Market. Tron also holds a total of 198,000,000,000 BTT which accounts for 20 percent of the total. Tron has also stated that they will disclose the lockup address now and disclose the addresses to the unlocked tokens on a monthly basis for community supervision.

The latest ERC20 token burn was also a key point of discussion, with the previous burns accounting for the burn of almost 100 billion tokens. The Tron developer community has also been active in the market with TronGrid being further optimized, while the wallet passed multiple hurdles on application stores.

Tron’s DApp prowess was also made evident when reports showed that Tron and EOS dominate the DApp market more than Ethereum [ETH]. The lowest phase recorded for the dApps on Ethereum was registered in July 2018, when the users per day fell below 8000.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



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

News

Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more

Jibin M George

Published

on

Crypto News – 24 June

Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it

Read more at https://bit.ly/2WVviJW

Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets

Read more at https://bit.ly/2Xve2zp

Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano

Read more at https://bit.ly/31TXekX

Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation

Read more at https://bit.ly/2Fsoptu

Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders

Read more at https://bit.ly/31Om4CQ

LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement

Read more at https://bit.ly/2JgRWYz

Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero

Read more at https://bit.ly/2Y8IsEQ





Subscribe to AMBCrypto’s Newsletter


Continue Reading