Connect with us

Altcoins

TRON [TRX]’s awaited test net finally launched today

Sthuthie Murthy

Published

on

TRON [TRX]'s awaited test net finally launched today
Source: Wikipedia

TRON has finally launched the most anticipated Test Net today. The team was live during the entire testing and launch session with their Twitter account flooded with updates and posts.

No errors or glitches were noticed during the TestNet release and Justin Sun covered all the topics according to the schedule set on the e-flyer a few days prior to the live streaming.

Anjaney Goswamy, a TRON enthusiast said:

“Great, I am excited for future. King!! TRX will dominate the world.”

The schedule included:

  1. An Intro of their products, team members, and technologies
  2. TestNet’s technology progress and outlook of MainNet which is expected by May 31st
  3. P2P technology Introduction
  4. Reward for developer contributions – ongoing and future plans
  5. Display of Blockchain explores, wallet and other products

Justin Sun also mentioned during the streaming about how strong their team is with the new members.

loading…


He said:

“Our team is 100% strong with people from big companies like Amazon, Alibaba and Tencent having joined us. This evidently shows that they believe in the vision of our project having quit such heavy organizations.”

After the successful test, the MainNet launch will have the ability to migrate all TRON projects to its blockchain including the original ERC20 tokens in a ratio of 1:1.

Just a few days ago, TRX flying high with greens while the others were sliding low in red. TRX is now in the red category with a 12% fall in just 24 hours, trading at $0.036. TRX has also been moving up and down the list from 13 to 12 to 10 and back to the 13th position now.

Roddrick, a Redditor said:

“If they did coin burn, will we lose our coins? Why did the price go down like that? Nice to see it brought down the price to 16%, most of us did not expect it to drop so far so quick (definite sarcasm intended TROn). Very disappointed.”

Also, to bring to notice, TRON has a set of DApps on its platform as seen on its website with the most notable being Peiwo, an audio-based post-95s social software with a stress-free anonymous chat mode and a single click speed matching helping users to realize real and effective communication.

Another DApp is Game.com: it creates and integrates game content through blockchain to support coins in providing service applications and promote rapid development. Kitty Live is also one such DApp similar to Periscope which is specifically famous in Asia and the Middle East. The other apps in this category which are under development are GIFTO, ODYSSEY, OBIKE, MICO, and GSC.

Steve James, a market enthusiast says:

“Welcome to Crypto world my friend. It’s not just with Tron. Buy hype and sell news applies everywhere here. Learn this and prep urself up for the main net launch.”

Austin Steven, a blogger commented:

“Why is TRON selling off on all exchanges?!? I’m not understanding this at all. Testnet officially releases and everyone is selling????? what does that even mean?!? If TRON is a competitor to Ethereum and EOS, it should be comparable in price. Sell the News?!? what news?!? oh it just released a testnet and it’s time to dump?!? WTF kind of strategy is that?!?”

The MainNet promises to cater more DApps and hopes to be a choice of many developers as the network is based on JAVA programming language, which is considered easy to use and is popular rather.



Follow us on Telegram | Twitter | Facebook



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

Bitfinex partners with EOSIO as a Blockchain Producer

Sthuthie Murthy

Published

on

Bitfinex partners with EOSIO as a Blockchain Producer
Source: Pixabay

Bitfinex, headquartered in Hong Kong is the largest Bitcoin trading platform with over 10% of the exchanges’ trading. They offer state-of-the-art services for digital assets and liquidity providers. While their search for advanced technologies with the capacity to meet high-demands of a high-volume blockchain both legally and technically was in process, they came across EOSIO community to which they believe they can contribute significantly.

Latest tweet by Bitfinex:

“Bitfinex is pleased to present itself as an EOS Block Producer candidate.”

Bitfinex will act as an incubator to fund, nurture and advise teams that are serious about the future of EOS. Their team is an assortment of more than 100 experts from the industry including a highly versatile development team, legal experts, technical support agents, and industry advocates.

They claimed:

“Our team has gained invaluable industry experience along the way, and we aim to make use of this to enrich the teams around us — sharing information and providing guidance whenever possible.”

Being a block producer candidate, they pledge to grow the open-source nature of the decentralized digital asset space. This is done through intense research, collaborations, and community development. They aim to combine the potential of EOSIO with their own terms of research, development, and adoption at a much higher level.

loading…


A high-performance decentralized exchange platform, EOSfinex also aims to combine the scalability and potential of EOSIO. It is built on EOSIO technology, along with the financial/development expertise of the Bitfinex development team. EOSfinex looks forward to delivering a highly-scalable, on-chain trading platform.

They added:

“EOSfinex has been developed by considering speed, transparency and scalability and will be the first trust less exchange to be implemented on EOSIO-based networks.”

Apart from the development of a trustless exchange, EOSfinex will be leading the development of a secure and intuitive EOS wallet as well. The partnership is meant to leverage EOSIO’s platform for horizontal scaling of DApps. As their continuous search led them to the EOSIO platform, they aim to process tens of thousands of transactions per second with the lowest fees.

Judy Steven, a Bitfinex user says:

“This is exciting. I’m interested in learning more about this “intuitive wallet” you are developing.”

Ariana Paul, a speculator says:

“Congrats Bitfinex! Looking forward to seeing what great accomplishments Bitfinex will bring to the EOS ecosystem. I can see a three-digit price for EOS soon.”

Lessie Grundon, a market observer said:

“Honestly, I don’t think this is good. To me decentralisation is all about random people having a right to produce blocks and vote the way ahead.”

EOS has been one of the top gainers in the market that has turned bearish recently displaying significant volume gains up to 52% and currently trading at $13.19. The market cap has also noticeably gained and is worth $10 billion roughly as seen at press time.

Continue Reading

Altcoins

Jed McCaleb talks about the foundation of Stellar Lumens [XLM]

Ketaki Dixit

Published

on

Jed McCaleb talks about the foundation of Stellar
Source: PxHere

The BayPay Thought Leadership event was held on 19th April, where Jed McCaleb, the Co-Founder, and CTO of Stellar Development Foundation spoke about the past, present, and future of Stellar.

He started by explaining how the transactions on Stellar work and about how they get banks on board. He says that banks are not the first ones to take up this system of transaction. However, smaller financial institutions like money transfer operators that focus on payments will be more open to adopting this method of sending money.

He said:

“We are working with a few banks and none of them are in production. I don’t think of the banks using cryptocurrency are in production… I don’t think they’re going to do anything until they see a lot of money flowing somewhere else in the ecosystem first because they are the most risk-averse, they have the most to lose essentially.. we spend most of our time outside the US – mainly focus in South Asia, Africa.”

He further explains that there is a lot of friction in places where people do not have bank accounts, wherein the adoption of the Stellar network makes it easier for them to adopt the system.

When asked about how much responsibility they have as a network to allow ICOs to function, Jed talks about the company being unable to stop anyone from issuing a token on the network but they wouldn’t be involved in the same. However, he says “Our responsibility falls on the ones that we do work with.. we want to make sure there is reputable and valuable projects”.

loading…


He also says that people need to be careful while investing in ICOs as these are the early days in the space, due to which there are a lot of scams and fraudulent activities.

A crypto enthusiast commented:

“This was a great discussion. I loved how Jed did a great job answering the questions even though they were irrelevant. I think it could have been more detailed about the backstory of Stellar and the challenges the faced instead of talking about Jed’s life history. Im sure the audience wanted to know more than just unnecessary things.”

Continue Reading

Trending