ABOUT THIS EVENT
Join TRON and BitTorrent for a meetup in San Francisco!
We’ll breakdown the basics of blockchain and cryptocurrency in this interactive intro session.
Learn about the history of blockchain technology, examples of best use cases, and insight into what makes TRON one of the world’s largest blockchain based operating systems in the world.
Come enjoy food and drinks, all while learning about the industry and networking in the space.
All levels are welcomed and no previous blockchain experience is necessary.
Founded in September 2017 by Justin Sun, TRON is dedicated to creating a boundary-free internet that inspires innovation across industries. TRON and its subsidiary BitTorrent give users direct access to applications, content, and media by combining best-in-class blockchain approaches with innovations in peer-to-peer sharing and other technologies.
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ABOUT THIS EVENT
The impending roll out of the Sun Network promises to see a number of vast improvements take hold within the TRON ecosystem, including TRX the token native to the TRON project. Named after Justin Sun, the founder of TRON, the Sun Network is set to be launched at the end of this week and promises to offer TRON a totally unlimited capacity.
One major issue with cryptocurrency is scalability in that all networks have clear limits. In many instances these limits have hampered the growth of cryptocurrencies, so, in order to prepare for a bigger future, Sun has created the Sun Network, a network that is promising 100x scalability for TRON - something that until now would have been unheard of.
“The new sidechain system will feature free transactions, 100 times lower fees, decentralized application (DApp) support and faster transaction confirmation. Furthermore, the Sun Network will also allegedly allow for longer smart contract execution times, and interchain withdrawals and deposits. The first version of the Tron (TRX) scalability solution called Sun Network will be released on Aug.”
What all of this means is that TRON is fast becoming a very powerful competitor to Ethereum. We must not forget that a year ago, TRON was simply just a part of the Ethereum blockchain when the TRX token was built upon the Ethereum ERC-20 protocol. Now though, TRX exists on it’s own native blockchain, one that continues to creep up on Ethereum by the day. The roll out of DApp support is huge here as is the potential improvements in transaction speed and confirmation, in fact, it looks like Sun has taken the Ethereum platform and split it wide open.
The Sun Network marks the next exciting chapter in the growth of TRON. This is a project that has come from very humble beginnings and, despite some difficulties, is a project that has continued to impress and surpass all expectations. Justin Sun is a true pioneer in this industry, one that is taking things further than any of us could have imagined, therefore this is a project we are very excited about. Watch this space as TRON and TRX enter a new and very exciting chapter.
Tron (TRX) has always managed to gain back its position in the market. A few weeks back, the coin was among the top rankers of the crypto market, and now it is at the 12th position. The position isn’t bad, but the market cap of the TRX coin is disturbing.
Well, the Tron price started rising in the weekly chart. The same could a good indication of the upcoming rally. We are quite apprehensive about the coin. We are anticipating that TRX coin wouldn’t close the year at a sore note.
TRX to USD Price Comparison:
The chart is taken from TradingView on 6th August 2019 at 10:17:33 UTC.
Yesterday, the coin opened at $0.022355. The currency slipped from $0.022355 to $0.022106 by 1.11%. The day experienced two escalation one took the price from $0.02222 to $0.023129 by 4.08%, and the other took the price from $0.022706 to $0.023416 by 3.12%. The progression marked was noted as 2.02%. Today, the con opened at $0.022800. The coin immediately slipped to $0.022306 from $0.02280 by 2.12%. The coin again recovered and shifted to $0.022893 from $0.022306 by 2.63%.
Current Statistics of Tron:
Tron price is trading at 0.02270 USD.
ROI of Tron is 1006.78%.
The Market Cap stands at 1,513,857,916 USD.
24-hour volume is marked as 469,652,692 USD.
Circulating Supply has 66,682,072,191 TRX.
Tron Price Prediction and Conclusion:
Tron coin would soon start the price rally. The recovery in the coin is steady. If the momentum remains the same, then we can expect that Tron would soon take its position in the crypto market back from Stellar. The traders are returning to Tron. We have noticed a big difference in market cap.
We are speculating that the coin would reach $0.070 by the end of the year. Altogether, the future of Tron is good. The traders are recommended to go for a long term investment plan for better results.
Blockchain platform Tron’s founder, Justin Sun, announced that the first version of the Tron (TRX) scalability solution called “Sun Network” will be released on Aug. 10, in a tweet published on Aug. 4.
100x scalability for the Tron blockchain
In his tweet, Sun claimed that the first version of the network will allow for 100x scalability and the building of decentralized applications on sidechains.
According to the Sun Network’s official website — to which Sun’s tweet linked — the new sidechain system will feature free transactions, 100 times lower fees, decentralized application (DApp) support and faster transaction confirmation.
Furthermore, the Sun Network will also allegedly allow for longer smart contract execution times, and interchain withdrawals and deposits. According to another section of the aforementioned website:
“Sun Network is also designed to provide unlimited capacity for TRON main network to support the growing number of transactions.”
Sun adds that the new version 1.0 of the new network will allow Tron developers TRON to build a “DApp chain.”
As Cointelegraph reported at the end of July, in its latest rankings, the Chinese CCID Research Institute put Bitcoin (BTC) in eleventh place on a list of 37 digital currencies in terms of technology, while placing Tron third.
In April, blockchain development company Lightning Labs announced that it released the first alpha version of its version of the Lightning Network scalability solution for the main Bitcoin (BTC) network.
Let's take a look at the updated and best Tron wallets in 2019 | Compare and Choose the best Tron wallet (Android, iOS, Online, Hardware, Mobile, Desktop, and Paper) with this latest review on Tron Wallets:
• TRON Android Wallet (TRON Mobile Wallet)
TRON Foundation officially promotes this wallet and advises people to use it because of its multifunctional feature. It has a viable user interface along with a Tron cold wallet set up, which makes it easy to store and secure TRX coins, which is the main reason why it is a part of the Tron wallets list.
It is a mobile wallet, as the name suggests, which is encrypted by a password and you can recover the password with a 24-word recovery seed, which makes it even more secure.
This wallet gains popularity as it is the most recommended wallet for the android users and it has decent security features. You can also download TRON paper wallet from GitHub.
Visit here to get download the TRON Android wallet.
• TRON Web Wallet
Tronscan (TRON web wallet) is an online wallet which is one of the quick and easy access for your TRX coins, which provides easy-to-sign-up process, which automatically saves a copy of your private key. While the user interface is not easy to look at, it is fairly easy to navigate and access.
Whatever information you need regarding your transactions, accounts balance, etc. will be there right in front of you. If you want to freeze some coins, you can do that right away hassle free.
As you know, there are few security risks which come with web wallet ownership, but that is not difficult. Just that you should be very secretive about your private key.
Visit here to create TRON web wallet.
• TRON Chrome Extension Wallet
It is one of the best TRON wallets in 2019 as per Tron wallets review. It is very convenient and easy to use and the best TRON(TRX) wallet for chrome browser, as the name suggests. It is comparatively quick to download and install, easy to send and receive TRX coins.
It secures the funds as the transactions happen offline, minimizing the risk of hacks or thefts, thus tagged as the most recommended TRX wallet. For newcomers, it is a little confusing, but you can grasp it well as soon as you understand its uniqueness.
Visit here to install TRON Chrome extension wallet.
• TRON iOS Wallet (TRON Mobile Wallet)
This is relatively a new TRX coin wallet and falls in the list of the updated TRON wallets. This is exclusively for the iPhone users as the name suggests, and is supported by the TRON Foundation through TRON Loan. This is an open-source TRON Crypto wallet which is capable of securing private key locally. It provides with one of the simplest user interface, which is quick and easy to navigate.
These wallets secure the top position in the “Top TRON Wallets” based on user compatibility, security, TRON news, ease of use and ongoing development and support.
Visit here to install TRON iOS Wallet.
CoinSwitch enables businesses to convert 300+ currencies with over 80k+ exchange pairs with our powerful Fixed and Dynamic rate APIs. We have partnered with major wallets like Trezor, Exodus, imToken, Guarda etc to provide exchange feature within their wallet.
In the book ‘The Left Hand of Darkness’, Ursula K. Le Guin used the character Istravan to say something that I will never forget, he said, and I quote “there is only one genius of me. That is, to know when to move that great wheel of destiny, and to achieve the unity of unity and action.” Two years ago, when I chose to be the CTO to create TRON with Justin Sun, I firmly believed these words. Today I choose to leave, hoping to rebuild a new TRON, and I still believe that. The reason why I decided to name the project the project “Volume Network” is to pay tribute to these words.
During my two years at TRON, I felt the wheel of destiny spinning rapidly and I went forward to drive the wheel. At the beginning, Justin was in the USA when ICOs were banned as an unauthorized and illegal financing option in China on September 4th, 2017. Through my effort, the formation of a local team was possible, and the coding of Tron took off effectively from scratch. Our audience and ICO success helped TRX to soar immediately after the ICO sale. Up till now, when I look back to what we built at Tron, it usually seems like a dream to me. Thanks to me, today, there are hundreds of employees working at Tron. Tron Network has gone through the stages of open source, testnet launching, mainnet launching, the acquisition of BTT, ecological expansion of the TRON dApp, etc. While at Tron, we witnessed the brand-new project whose market capitalization had surged into the top 10 in just a few months. I am thankful to Justin for providing me with this platform to grow with TRON. But because of the irreconcilable contradiction between us, I believe TRON is no longer the original TRON. I chose to leave, hoping to regain my original vision and rebuild my new TRON.
The reasons for leaving the Tron Network are simple. As a technical expert, I feel very sad that the TRON Network has departed from the faith of the slogan “decentralize the web”.
· Tron Is No Longer Decentralized
In the DPOS and Super Representative node, there is a problem of centralized voting. Some nodes have more than 90% of the votes with only a few voters. Therefore, the vote of ordinary retail investors has completely fallen apart. The total number of TRX in TRON is 100 billion, while the total number of votes for the super representatives is just less than 8 billion.
· Tron Is Not Associated with The Internet
The technology platform of TRON was built by me. I certainly know that the real Internet applications cannot function in TRON network currently. The TRON ecosystem is still far from commercial applications that users can really apply to. Bad money drives out good. Thus, DAPP in TRON is basically the gambling and funding project.
· TRON has deviated from the spirit and original intention of the blockchain
The spirit of the blockchain is decentralized, while TRON project is centralized. Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization. Secondly, there are no diverse voices in TRON ecosystem. The whole project has developed into a monetary tool without any “decentralize web” spirit.
It is a pity and I am deeply sorry to see the project that was developed by me and has become like this. The dreams and visions that Justin told me have been ruined. After several months of thinking, I decided to start the Volume Network (VOL) Project. Why did you start the VOL project? What is the VOL project?
Volume Network is a truly decentralized blockchain project. This is the project I dreamt of when I first joined TRON Network in 2017. Based on my experience thus far in the industry, I’ve found the following to be true about blockchain:
- I Realized that true decentralization is based on mining.
In fact, the DPOS mechanism of TRON is pseudo-decentralized. The top 27 SR nodes (block nodes) have more than 170 million TRX votes, and most of them are controlled by TRON. It’s hard for other latecomers to become the block nodes, so they cannot participate in the process of block production. I always believe that mining blockchain projects are the true blockchain. Contribution to the project should be determined based on proof of workload rather than the size of the holding position. The data also illustrate this viewpoint. By the end of the Q1 of 2019, mining- based cryptocurrencies accounted for more than 70% of the total digital money market.
With Volume Network, what I hope to do is to introduce more people into the digital world through a mining method with the lowest investment threshold in order to achieve true decentralization. Volume Network will be mined through a computer hard disk. At present, the high threshold of ASIC and the high price of GPU make many people hesitant to join mining sector. These kinds of projects, which eliminates subsequent players from entering the market, is unsustainable. I want miners and newcomers to participate in the use of a new generation hard drive mining method, and still get a safe and reliable digital currency while storing ‘useful’ files. This is a real sense of energy conservation and environmental protection. Hence, while significantly reducing the participation threshold, most families and ordinary individuals can participate in mining VOL with computer hard disk.
- An Innovative proof of space and time (PoST) consensus mechanism
At present, the mainstream of digital currency based on POW consensus mechanism in the blockchain is facing many difficulties because of its high energy consumption, centralized calculation and expansion problem. In addition, many digital currencies such as ETH and GRIN based on GPU and FPGA mining, are difficult to become the mainstream choice due to the high cost of GPU.
With my experience from TRON, I think that the PoST based on hard disk capacity is more suitable for the consensus algorithm, which is the proof of space-time mechanism of Volume Network.
What is PoST — Proof of Space and Time?
Based on the original proof of space consensus mechanism, PoST introduces the concept of time dimension. By utilizing the characteristics of verifiable delay functions (VDF), miners are required to perform some intensive mathematical operations after obtaining candidate block data, and then to select blocks by combining the two elements of fast verification results and candidate block data. Thus,
A blockchain network which can save energy, protect the environment, and reduce user’s threshold, as well as protection against attacks, has been created. I believe that this will promote the greater progress and development of the blockchain consensus mechanism.
- Zero private placement and undervalued pure community driven project
Volume Network does not have any private placement and is a pure community driven project from scratch. Only 3% of tokens will be issued for initial exchange offering on BISS.com, and the remaining 97% will be generated through mining. Volume Network is currently valued at $1 million for the first round and only $30,000 IEO hardcap for initial circulation. The reason I did this was to create a pure community project like Satoshi Nakamoto did with Bitcoin.
Leaving TRON to rebuild a new TRON is not for money as Justin did, but to bring back the origin of the blockchain so that the decentralized community can participate in it deeply. Volume Network will reject all investment institutions and adopt a very low valuation. I hope this would become a real community project. I have valued Volume Network to a total of $1 million, with an initial circulation market value of $30,000 to pilot the community, to attract new users, so that more users and developers can come to a consensus and participate in the project’s development.
This is also a strong vision for me. I and the team hope to rebuild a new TRON that will take us back to the fundamentals of blockchain technology.
In conclusion, I hope that as a new TRON, Volume Network would be a truly decentralized, community-based, innovative consensus mechanism, storing useful files, and ultra-low threshold blockchain project that everyone can participate in. I believe that this is the project that truly conforms to the spirit of the blockchain. This is the significance of our adherence to the industry of the blockchain up until this time.
Former CTO, Co-founder of TRON
Founder, CEO of Volume Network
BTFS and GitHub
Justin Sun, founder of Tron and current CEO of BitTorrent in his response to Muneeb, CEO & Co-founder of Blockstack PBC, expresses his interest to introduce BTFS as a decentralized storage plan.
This comes with Muneeb’s random tweet that states “Git is restricted few regions” and what if we have a decentralized login, storage and social graph on top of Git protocol which is already decentralized.
By quoting Muneeb’s view, Sun says that he’s “super interested in supporting this idea by featuring BTFS.”
As per the reports, Github users from Crimea, Cuba, Iran, North Korea, and Syria cannot access private GitHub repositories. Besides users raising their concerns, GitHub’s prominent client Blockstack CEO Muneeb Ali quietly suggested a way to get rid of this restriction.
“After GitHub’s ban on developers in certain countries, a decentralized alternative is inevitable. Git protocol is already decentralized. All we need is decentralized login, storage, and social graph on top.”
Owned by Microsoft, GitHub is a software development platform, and the closed-door for few regions from accessing the private repository of GitHub is a result of political interference by the United States.
While US authorities are striving hard with their sanctions against Iran, the crypto community is striving their best to find an alternative. Meantime, Sun’s attempt to helping leaders behind these plans is just a new hope.
Moreover, on July 29, 2019, Justin Sun shares the success of Tron daily transaction for the last week. According to the data from Tronscan.org, Tron transactions saw a peak high of million on July 22, reaching 5,280789 for the past year. In his tweet, he says;
BTFS v/s GitHub
As per the sources, the huge user-base of for BitTorrent emerges from crypto-friendly countries which assume that it will influence the price of BTT. While BTT is quietly posing a threat to Github, few users can now access to Github again.
Meaning that Github might feel the pressure of BTT coming in and as such a developer from Russia reported that he can now work again on Github. He said Github showed him the message that “it had silently reverted some of the restrictions after some time.” In his words;
“It seems GitHub has silently reverted some of the restrictions after some time. GitHub Pages didn’t work initially, but then it seems GitHub reverted this restriction. Later someone from GitHub staff asked to trigger a rebuild and it started to work after that. So right now it seems everything except private repos works.”
Concerning the prices of cryptocurrencies, Tron counts as the 12th largest cryptocurrency in terms of market cap whereas his other project, BitTorrent (BTT) sits on 44th spot.
Following BitTorrent (BTT) airdrop announcement, we would like to confirm that the exchanges and wallets below will support our airdrop program starting on February 11th, 2019, when TRON’s block height reaches 6.6 million*.
According to the latest data, the capitalization of the global online-entertainment industry, from casinos to gambling applications, has reached a fantastic amount of $1 trillion. This as a direct impact on the digital currency - Throne. The thing is that the Throne Ecosystem (TRX), which is focused on this market, covers only 7% of its volume so far. This means that this money unit has great potential to grow and become even more stable in the near future.
Let's find out through the following article.
Tron (TRX) gets bitten by the bears in the intraday market.
Year to Date chart reflects a 32% profit in TRX price.
Tron (TRX) price is currently hitting deep waters. The month has remained quite disappointing for the traders and investors. The entire market crashed and made the investors suffer terribly. Well, the time seems bad for the crypto investors, but the year to date chart is telling a totally different story.
In the last seven months, Tron has shown a subsequent recovery. The current drop is handled well by the coin. To understand it in a better way, let’s have a look at the year to date chart.
Tron Price Prediction and Conclusion:
TRX is a high profit yielding coin. The currency is at the 10th position in the crypto market. Tron is strongly holding its position and planning to move up in the coming years. We are assuming that the coin might cross $0.060 by the end of 2019. The coin is best suited for a long-term investment plan. The short-term can also bring profit, but the same would not be as flourishing as the long term.