Connect with us

News

Tron’s Justin Sun looks to collaborate with Ethereum; Buterin-Sun feud looks to subside

Avatar

Published

on

Litecoin [LTC] halving would be more bullish for Bitcoin rather than Litecoin, stated Tone Vays
Source: Pixabay

The tale between two of the most important stalwarts in the cryptocurrency industry has veered from foes to friends. Justin Sun, the CEO of the Tron Foundation, and Vitalik Buterin, the co-founder of Ethereum have, seem to have buried the hatchet for now and are on course to construct a mutually beneficial partnership.

In a recent podcast with The Crypto Chick, Sun spoke about a range of topics from the USDT integration to the competitors Tron faces in the industry. Sun acknowledged the DApps competition with Ethereum and added that “competition produces better products”.

The Ethereum and Tron collaboration should be seen as something that is beneficial for the larger DAapp developer community rather than a to-and-fro rat-race between the networks. In the spirit of “true love” and “brotherhood”, he stated:

“I think in the future we will even collaborate with lots of Ethereum developers and also the enterprises built on Ethereum before to make the industry better.”

Sun spoke about the recent collaboration with Loom Network, a layer 2 scaling solution for Ethereum. In light of April Fools Day, the Loom Network joked about the launch of Loom Records debuting their maiden Justin Sun album titled “Enter the Sun”.

The Loom collaboration now seems to be a precursor as Sun dropped a major hint of an ‘official collaboration’ with Ethereum in 2019 itself. He added that this would “do something good for the industry.” Given the slew of developments coming out of the cryptocurrency industry, Sun remained “optimistic” for the year.

Justin Sun further shed light on the layer 2 scaling solution, titled the Sun Network, which would be released in the second quarter of 2019. He stated that the solution would increase transaction speeds by 100 times and the fees would also see a further decline.

Rivalries are a rampant occurrence in  the cryptocurrency space, but the Buterin-Sun clash has attracted a lot of eyes because of the severity of their respective networks. The intricacies of their cross-jibes revolve less around name calling and more on network performances, a rarity in the cryptocurrency industry.



In April 2018, Sun published an infographic via Twitter, comparing the Tron and Ethereum networks. The graphic delved into TPS, Transaction Fees, Coin Burn, Language Support and Extensibility, lauding the Tron network. Buterin replied, in a concise manner, adding a point to the comparison stating that Tron’s network is a copy of the Ethereum whitepaper which Buterin penned himself.

However, at times, their insults veered away from TPS and more towards the number of followers. Earlier this year, Sun stated that he boasts Twitter followers on par with his Ethereum peer, despite commencing operations six years before the top altcoin.





Subscribe to AMBCrypto’s Newsletter


News

Basic Attention Token surges by over 6% as Ad Launch nears

Namrata Shukla

Published

on

Baisc Attention Token surged by over 6% over ads launch hype
Source: Pixabay

The cryptocurrency market appears to be bleeding, however, few altcoins have reported small surges over the past few days, like Basic Attention Token [BAT].

The coin, on April 18 when the entire market was mostly red, surged by over 10% and was trading at $0.3618, its all-time high since July 2018. On April 20, BAT reported a growth of over 6% and was valued at $0.3947, breaking its immediate resistance.

Source: CoinMarketCap

Source: CoinMarketCap

BAT reported a market cap of $493 million and a 24-hour trading volume of $57 million. The coin noted a 6.47% rise in its price over the past day and reported a seven-day surge of 31.20%. BAT continued to register a growth of 1.18% over the past hour.



Crypto-enthusiasts speculate the reason for the surge in prices to be the launch of advertisements on the Brave Browser this month. The BAT token is essentially based on entertainment and can be obtained through a variety of advertising and attention-based services on its platform. According to Twitter user @CryptoNilla,

“They are about to launch ads this month hence the pump.”

BAT was highly traded on ZB.COM exchange as it noted a volume of $8 million via the BAT/USDT pair. The second place was taken by Binance, the largest cryptocurrency exchange as it reported a trading volume of $7 million via the BAT/BTC pair. IDCM was on the third place with $6 million in volume via the BTA/BTC pair.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending