Connect with us

Altcoins

News Flash: Tron [TRX]’s Justin Sun confirms its secret partnership with Chinese Google, Baidu

Priyamvada Singh

Published

on

Tron [TRX]'s Justin Sun confirms its secret partnership with Chinese Google, Baidu
Source: Pixabay

On 18th October, the Tron Foundation, which is the native organization of the 11th largest cryptocurrency in the world, confirmed its partnership with China’s biggest internet service-provider, Baidu Browser. The Foundation stated that this partnership will result in enhanced blockchain solutions through cloud computing resources, which will further make the blockchain technology more accessible to the users. The official Tweet by the Tron Foundation conveyed:

“#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX”

The Founder and CEO of the Tron Foundation, Justin Sun also retweeted the post, strengthening the authenticity of the establishment of this partnership.

However, reports have stated that the two parties have not partnered to work directly on the blockchain technology but to gain support from cloud computing resources to build and debug products and applications on the blockchain.

On the side of Baidu developments from this collaboration, the platform will set foot into the blockchain world with the Blockchain Commercialization Super Partner Program 1.0. This will propel the exploration process in the field of blockchain for the internet service-provider and will assist in building a better blockchain ecosystem for the world with the cooperation of many commercial parties.



Timothy Lee, a cryptocurrency investor from Dublin spoke to AMBCrypto,

“This is what we have been waiting for and it is finally confirmed. Wohoo! I don’t think people realize how important and big this is. It will pump the prices like how XRP pumped with the news of xRapid launch. Just wait and watch people. Wait and watch. A big Boom is coming!”

Timothy’s friend, Brian had another opinion,

“This is all just stupid. Tron is known for it’s announcements and nothing happens with its price. Moreover, crypto is banned in China and nothing will change. It’s all just marketing. People like Timothy are just day-dreaming”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



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

Bitcoin’s [BTC] security is 100 times more than that of Bitcoin Cash’s [BCH], says Litecoin creator

Priya

Published

on

By

Bitcoin's [BTC] security is more than a 100 times than that of Bitcoin Cash [BCH], says Litecoin creator
Source: Unsplash

Charlie Lee, Creator of Litecoin [LTC] and Managing Director of Litecoin Foundation, spoke about projects that allocate mining rewards to developers, in an interview with Laura Shin for Unchained Podcast. He also opined about whether Litecoin’s vision still remained the same or not.

On projects that allocate a percentage of the block reward to developers, Lee stated that it was “okay” as long as the project developers were transparent on this subject, adding that in some cases, this was “needed”. He further stated that it was hard to find developers for Litecoin since, there were not enough funds to pay these developers.

[…] we work on raising money and using money to pay for developers but unlike ICOs or other projects we just don’t have millions sitting from selling our ICO tokens to fund these developers. So, yeah I think projects that do that it’s kind of needed […]”

However, Lee stated that for cryptocurrencies such as Bitcoin and Litecoin that really want to become decentralized money, there cannot be any centralized actions like using mining rewards to pay developers.

This was followed by Lee speaking about Litecoin’s vision and the coin’s use case. On this, Lee stated that the current vision was still “very similar” to the old one, seeing Litecoin as a complement to Bitcoin. He added that Litecoin’s raison d’être was not to replace Bitcoin, unlike some other coins that claim to be the better version of Bitcoin.

“[…] I think it’s trade-off. So, a lot of people don’t talk about the trade-offs people talk about how they have fees are cheaper […] people in support of Bitcoin Cash constantly talk about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin but, you get what you pay for right […]”

He further added that Bitcoin’s “security was more than hundred times” that of Bitcoin Cash, irrespective of the hash rate being more or not. Lee remarked that one cannot “attack Bitcoin,” whereas Bitcoin Cash could be “eas[ily] be attacked,” adding that this factor was very important and also the reason for cheaper fees.



“[…] same for Litecoin alright. Litecoin is cheaper and the security is less than Bitcoin […] so people who actually move lots of money they would want to use Bitcoin and I think that’s fine like Litecoin can compliment Bitcoin perfectly fine […]”

Lee stated that this was the reason he agreed with Lightning Network, arguing that it was good for both Bitcoin and Litecoin. He stated that Lightning not only helps them scale, but also enables cross-chain atomic swaps, allowing people to swap two different coins instantly and easily in a decentralized manner.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending