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Tron [TRX]’s weekly report: BitTorrent token, Tron Accelerator and more

Akash Anand

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Tron [TRX]'s weekly report: BitTorrent token, Tron Accelerator and more
Source: Unsplash

The cryptocurrency market’s recent behavior has been synonymous with that of a rollercoaster. Popular cryptocurrencies like Bitcoin [BTC], XRP and Tron have played all the sentiment fields, sometimes making investors happy while at other times behaving in the complete opposite manner.

Tron’s tussle with the bear has been something to watch as the Justin Sun led Tron has been a consistent gainer among the top ten cryptocurrencies, thanks to several updates and developmental announcements.

In the recently released Tron Weekly Report, the Tron Foundation elucidated on the workings occurring on the Tron network. The Technical Development portion of the report stated that the organization was successful in implementing the enhanced safe use of the TRC10 smart contract transfer function. Another update that the Foundation pointed out was the achievement of dynamic changes of resource ceiling on the Tron network.



The Justin Sun led cryptocurrency organization also assured holders of the token that the multi-signature process was being tested on the wallet along with the event subscription function. One of the key points stated in the report was the initiation of the Committee Proposal No.15 on the Tron network by Justin Sun. The report said:

“When the proposal is activated, users can send TRC10 tokens to smart contract accounts, look up TRC10 token balance through smart contract codes and send TRC10 tokens to general accounts.”

The bull surge was also credited in the report where it talked about TRX reaching the number 8 position by market cap. Justin Sun once said that his target for TRX in 2019 is to rise to Number 4 on the cryptocurrency charts. The Tron developer community was also discussed in the report with the addition of a Change Log and the updated API’s pertaining to TRC10 name duplication being a prime example. The report further added:

“For TRON Accelerator, we have received 260+ project submission and 360+ project registrations. There are more than 2000 developers on Discord, and more channels will open in the future to display high-quality projects developed by the community.”

 





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

Altcoins

EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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