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Decentralization: Justin Sun Thinks TRX Network Beats Ethereum And Bitcoin

Justin Sun has been known to make great efforts in drumming up support for TRX. Justin is the founder and current CEO of the Tron Foundation. The foundation is the creator of the fast-expanding Tron (TRX) network.  TRX is the crypto token of the network. In his latest effort during the launch of the Tron Virtual Machine, Justin claimed that when it comes to matters decentralization, Tron wins hands-down against both Bitcoin and Ethereum.

Explaining further, Justin went on to inform that the main reason for his claim lies in the fact that the mining power of Bitcoin and Ethereum is under the control of a large mining pool, saying that the Tron network is doing way better than the two great cryptos in that aspect. He pointed out that with Tron, the Super Representatives call the shots.

Tron Has Super Representatives

The Tron network has 27 elected SRs from all around the world, and they all hold equal voting rights. The Tron Foundation doesn’t interfere with the elections and doesn’t even take part in it. That goes to suggest that the foundation doesn’t hold any hard grips on its network. Basically, this is what decentralization is all about.

To better bring his point home, Justin said that Super Representatives would be demoted and terminated as Tron’s network representatives if they fail to deliver in producing blocks. He also pointed out that this kind of scenario has happened before.  Currently, there are 14 SRs in the US, 7 in China, and 1 each for Vietnam, Romania, South Africa, Brazil, South Korea, and Germany. There are now about 100 candidates contesting for SR positions. Sesameseed is leading the pack.

The Role Of Super Representatives

The 27 elected SRs represent the whole Tron community and take on a huge role in the general governance structure within the Tron network. They perform calculations and validation tasks as well as act as the guardians of the network.

To keep its SRs well motivated, the Tron Foundation will be awarding the well-performing SRs. The winners will be given trophies, and announcements will be made about them to ensure they keep the good memory of the winning moment. In an earlier announcement, Justin Sun said that the awards will be given to the first-time elected SRs and those who get elected constantly for more than 30 days.

Girl in a jacket

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Justin Sun Officially Adds 100 Million BitTorrent Users To Tron (TRX) Ecosystem

No doubt, Tron (TRX) is one big coin that cannot be rubbished in the cryptocurrency space. After Justin Sun announced that Tron would be moved out of Ethereum Network, the cryptocurrency war lord, declared on the go that there is going to be a huge competition between the two altcoins, like that which existed between Moses and Pharaoh.

Today, in a letter sent to the community, it was officially announced that the Tron has acquired BitTorrent in a bid to make its ecosystem stand out.

Justin Sun said BitTorrent and BitTorrent products are solely Tron’s property, creating euphoria in the community.

“From this day on, BitTorrent, whose software has been installed on billions of user devices, will become part of the TRON ecosystem, making TRON the largest decentralized Internet ecosystem in the world,” he said.

He declared that every BitTorrent user and supporter are now part of the TRON family, and so, 100 Million BitTorrent Users are now added to Tron (TRX) Ecosystem.

He maintained that anybody who have used the BitTorrent protocol, built their business on the protocol, or otherwise benefited from the protocol are now part of the TRON family.

BitTorrenct protocol, a file sharing communications protocol based on a p2p network was founded in 2001.

Before blockchain technology became prominent, BitTorrent has been regarded as the first decentralized Internet protocol with large-scale global application.

Talking about the decentralized personality of BitTorrent, Justin Sun said:

“Even today, the BitTorrent protocol retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic. BitTorrent created and shaped the protocol, with 70% of BitTorrent users using the product. The company aims to decentralize the Web by promoting and further developing the BitTorrent protocol.”

The letter reads that BitTorrent gave birth to the decentralization movement, saying “Developers, entrepreneurs, and the decentralized Web community regard BitTorrent as the original pioneers of decentralization technology. It is the foundation of an open, transparent, shared Internet protocol.”

The latest acquisition signals that TRON’s “All-In Decentralization” agenda is heading towards fruition since the two platform which has now become one share the same vision for a decentralized Web.

Sun said he understands that BitTorrent will become more decentralized and gain a new life after integrating into the TRON ecosystem.

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Tron (TRX): 11 Day To TVM Launch, 22 Exchanges Resume TRX Trading

The road to success is never easy or linear. It sometimes requires different phases. Tron has for long been a stages of different developmental moves. Ever since the completion of Tron’s MainNet and transfer of TRX token to its ecosystem, several exchanges which pledged support for the altcoin have embarked on processes which will aid the seamless withdrawal and deposition if TRX token on their platform for trade.

Today, in tweet issued by Justin Sun, it was aired that the 22 exchanges have resumed the trading of TRX coin as of July 18.

“22 exchanges already resumed #TRX deposit and withdrawal as of July 18 (UTC+8). #TRON $TRX,” Sun noted.

While the MainNet launch and the Independence Day of the Cryptocurrency was successfully, Tron is making progress in its activities by having close cooperation with exchanges and wallet so that those which tendered their support could earnestly initiate trading.

As of today, according to a release, number of exchanges and wallets have begun withdrawal and deposit operation for the coin. Stated in the release are the following exchanges; Binance, Bitfinex, Bitforex, Bitpie, Bittrex, Bit-Z, Bjex, Cobo, CoinEgg, Coinfalcon, Coinnest, Cryptopia, Gate.io, Hitbtc, Huobi, Koinex, Liqui, Max Exchange, OKEx, Quoine, Tokenomy, and Upbit.

Tron Virtual Machine (TVM)

Six day before the launch of Tron’s MainNet, the Alpha version of Tron Virtual Machine (TVM) was launched into space (May 25). But as of today, the official launch of the Virtual Machine, according to Justin is left with only 11 days.

According to the Cryptocurrency, the TRON Virtual Machine (TVM) developed by Tron’s ecosystem which is a turing complete virtual machine is designed with the intent of making dozens of developers across the world build custom blockchain system with ease.

The lightweight Virtual Machine fabricated with high level of scalability is said to be compatible with Ethereum Virtual Machine [EVM], developer friendly, and will have more mainstream VMs in the future.

According to the opinion of many observers, it has been said that the development, when finally launched could help Tron achieve greater heights especially the long yearned 6th position.

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Tron (TRX) Video Contest: 5 Participants Receive 10,000 TRX

In what could be seen as another method of compensating members of its community, Tron has given 5 participants who participated in the Tron (TRX) SR voting guidance a sum of 10,000 TRX.

The participants partook in a video collection purposely for Tron SR voting guidance which started on June 30 and ended on July 8.

The videos are meant to engage active participation in the SR voting from around the globe.

During the contest, over 100 videos in diverse languages were submitted, however, among them, 6 outstanding videos by 5 participants will share 10,000 TRX.

The earmarked fund is serving as an appreciation for the service rendered to Tron ecosystem.

Tron wrote in a press release:

“Congratulations to Meduza Joy, 조현정, Blockchain Tao Currency BTC, Charlie Sheng and Crypto Guy In South Africa! We would like to show our especial appreciation for Meduza Joy, whose videos are in both English and Russian. We are very grateful for all your support, with which we can continue to build a better Tron.”

Below are the links to the award-winning videos:

https://www.youtube.com/watch?v=UYTBL82b4Rg&feature=youtu.be

https://youtu.be/LnynQDed82k

https://www.youtube.com/watch?v=i9D6EkaZtHE&feature=youtu.be

https://www.youtube.com/watch?v=V39K0aFWRYI&feature=youtu.be

https://www.youtube.com/watch?v=devVdNw3QZg&feature=youtu.be

https://www.youtube.com/watch?v=yqC1gFUuQfE&feature=youtu.be

Tron Token Migration

After the official migration of Tron from ERC20 to its MainNet, exchanges are busy with the token migration as well. Binance, Bitfinex, Bitforex, Bitpie, among close to 20 Exchanges have announced they have completed Tron token migration, and are now opened for TRX transaction.

Tron On The Table

As of today, Tron stands on the 11th position. The altcoin is well known for its upward and downward trend in the market table. Even though the Cryptocurrency is very prominent in the crypto space, sometimes, it faces challenges from its counterpart resulting in it been overthrown.

Sometimes ago, Tron attained the 6th position and was later dethroned. Last month, Tron climbed the 9th position after amassing more to its market capital.

Tron moved from the 9th position gradually down to the 12th position this month after NEO overtook it in the market.

Albeit Tron is witnessing instability in the market table, many have opined that the first ten position is Tron’s place. Similarly, Justin Sun, in a statement aired that the altcoin is aiming for the 6th position and this time, it will maintain the position if attained.

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Tron (TRX) Dishes $20,000 To 10 Outstanding Projects

Tron (TRX) has set aside nothing less than $200,000 to improve its newly launched MainNet. In this regard, Tron Incentive Plan, which was launched on June 19, 2018, is offering rewards of $20,000 each to 10 topnotch DApps designed for Tron’s MainNet.

The plan, according to Tron team, was designed purposely to show that the blockchain platform appreciates its dedicated developers whose contribution are centred on developing Tron ecosystem.

After the Tron Programming Competition has ended, most developer teams still communicate with Tron Foundation to show how they have improved their DApp. This triggered Tron community to award teams who are seriously improving Tron ecosystem with an incentive of USD$20,000.

The ten teams

According to Tron Foundation, “the above teams didn’t win rewards in the Programming Competition, they have demonstrated to us their creativity and technical strengths. We also appreciate that they are highly engaged in Tron’s development and injected positive energy into Tron’s community.”

With this Incentive Plan, it is clear that Tron is ready to support outstanding community developers to increase user’s experience in Tron ecosystem.

“Now that the mainnet has been launched officially, Tron encourages the development of more high-quality DApps and the participation of more teams in Tron’s development towards a thriving Tron ecosystem,” a statement by Tron has reflected.

“Tron has always been running its community guided by the principle of openness and stays committed to the establishment of a strong decentralized network in a global ecosystem. We will be delighted to have more developers joining in the construction of Tron ecosystem.”

About Tron $20K Incentive Plan

The Tron $20K Incentive Plan is dedicated to strengthen and promote the rapid development of TRON’s community. The plan gives a $20,000 reward to projects that are similar to TRON’s current outstanding wallets and blockchain browsers.

While it is aimed to reward those who contributed to TRON’s global ecosystem, projects that are reviewed to be excellent are granted the reward on the spot.

Tron In the Market

Tron has recently nosedived to the 12th Position in the cryptocurrency market. However, there is hope Tron will return to its previous space or even move to the 6th position as envisaged by Tron Founder, Justin Sun.

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Binance 10M Tron (TRX) Giveaway Still Hot, As 49B TRX Token Officially Burnt

Tron spares no opportunity for growth and awareness to become the leading Cryptocurrency platform among its contemporaries. After a successful MainNet launch, the digital currency is making moves to put all in place.

While the support which Binance exchange gave the cryptocurrnency’s migration by giving out a whopping sum of 10 million TRX to users is still going on, the owner of Tron, Justin Sun, through its twitter page announced that over 49 billion TRX token on ERC20 ecosystem has been successfully burnt in the ongoing migration developmental move.

According to a statement on the medium page of the altcoin, it was stated that while the MainNet which took place on the 25th of June led to token upgrade and migration, a total amount of 49,490,749,752.120578 TRX ERC20 token has been officially burnt.

For a clear prove, a link to a site that shows the total amount of burnt token was added to the statement.

Meanwhile it was stated that the burnt tokens are the first batch, so more is expected in some days to come. The statement added that as the migration process is still on, “TRON MainNet runs smoothly, there are 493 nodes around the world.”

Binance 10 Million TRX Give Away Still On.

On June 28, Binance announced that it will be giving out 10,000,000 $TRX to the users of Tron in a trading competition.

#Binance #TRON Trading Competition: 10,000,000 $TRX to Give Away!” Binance twitted.

Immediately the tweet came to live, Tron community went into euphoria but much reactions evolved as Justin Sun retweeted the message.

Attached to the tweet is a link to a statement discussing the details of the competition.

The statement noted that the competition will begin by 00:00 AM on 2018/06/29 and it will be ending 00:00 AM (UTC) on 2018/07/06.

“Users will be ranked in terms of the total TRX volume traded on their Binance account (including both buys and sells, excluding wash trades) across all TRX trading pairs during the competition period,” the statement reads.

With all the developments attached to Tron in its migration move, many observers have opined that the Cryptocurrency is making all effort to make it MainNet a worthwhile one that will not make it to only retain its existing users but bring in multitude of new users.

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TRON (TRX) Announces Blockchain University, Enrollment Opens Fall 2018

TRON (TRX)–Just hours ahead of TRON’s self-proclaimed Independence Day, and the official launch of the genesis block on Main Net, the TRON Foundation has posted a video to their Twitter account detailing a “blockchain university.”

Dubbed Tronics University, the brief, thirty-second video is surrounded with platitudes regarding the future of technology in conjunction with blockchain, in addition to espousing the benefits of decentralized educational sources.

Going under the tagline of Decentralised education for the new decentralised world, the video poses common questions for both newcomers to the industry and those outside of cryptocurrency, such as “What is blockchain,” to the more specific “What are DAPPS?.”

While details surrounding the project are scare as or writing, the video gives the impression that TRON is attempting to create a go-to portal for both understanding cryptocurrency in addition to offering a deep-dive into the technology behind crypto and blockchain. TRON’s Independence Day marks the usable starting point for Main Net, a crypto-based digital platform that is attempting to reshape the world of online media. Most had assumed TRON would target popular entertainment outlets such as gaming and social media, but it appears the TRON Foundation is also heading in the direction of education, with Tronics University almost certainly being a service offered through the aforementioned Main Net.

“A university should be a place of Light, of Liberty, and of Learning.”–TRON quoting Benjamin Disraeli in their release video for Tronics University

In addition, the video ends with the phrase “Earn to Learn,” giving the impression that TRON might flip the script of traditional education by imposing a reward system for users to participate in the university. As opposed to the common education model, with costs becoming more bloated with the passing years, TRON could look to set the standard for teaching on Main Net by enticing students through small, TRX-based payments. Given the utility of TRX transactions on Main Net (0.00001 TRX consumed per transfer), TRON has the ability to institute “micropayments,” thereby paying students in real-time for their efforts related to studying and completing assignments. The company could also impose TRX rewards based upon completions, such as payouts for achieving a certain level of proficiency with blockchain and cryptocurrency.

We already know that Justin Sun and the TRON Foundation have set aside 2 billion USD worth of TRX as apart of Project Genesis, a reward fund that seeks to incentivize and catalyze development of TRX on Main Net in addition to the creation of new currencies through TRON’s coin burn system. Tronics University could be an extension of that fund, paying out rewards in an effort to draw interest to the platform of Main Net as an educational portal and provide stimulus to the broader industry of cryptocurrency and blockchain.

Given the decentralized nature of cryptocurrency, the TRON Foundation could be laying the groundwork for future migration on to Main Net with Tronics University. The model they establish for learning and enticing student participation will be looked at by outside developers, or those who see the innovation in creating decentralized learning portals. While blockchain is the most logical subject for the TRON team to focus on in their premier attempt at education, it opens the door for further dissemination of knowledge.

With the global appeal of the internet, digital-based education that is low cost or free has long been touted as an untapped resource. While the TRON Foundation is just getting their foot in the door with education and the Main Net platform, it could establish a precedent for further development.

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