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ABOUT THIS EVENTJoin 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. About TRON 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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We have completed the twenty-fifth day of the TRC20-based USDT 30 million incentive plan to early TRC20-based USDT users. Please check your account for the rewards accordingly. All addresses in the TRON MainNet with TRC20-based USDT are eligible to receive proportional reward, no additional procedures needed.
According to the plan, the snapshot took place on 9:00am of August 8th, 2019(PDT), and rewarded the users with (Amount of tokens held by users * 3% annualized rate). The block height marked 11681765 with a timestamp of 1565280063000.
At the time of the snapshot, the total amount of TRC20-based USDT was 112,402,010.008742. The total amount of TRC20-based USDT rewarded was 8,106.277988 and a total of 1741 accounts received the reward. According to the USDT price on Bitfinex on August 8(PDT), the total value of the reward was equivalent to $ 8,103.278665.
As of August 8, the total amount of TRC20-based USDT rewarded in 25 days was 728,279.626926 USDT and a total of 40655 accounts received the reward. According to the USDT price on Bitfinex, the total value of the reward in 25 days was equivalent to $730,810.75550.
The next snapshot for the APR of 3% reward will take place on the 9th of August at 9:00am(PDT) and it will be sent within the next 24 hours. The following incentive plan is as follows:
This TRC20-based USDT reward campaign features:
Longer duration: the entire incentive plan will last for 31 days;
Higher reward: APR 100% as maximum reward;
Free of charge: zero cost for users to receive rewards;
Larger Reward Pool: calculating based on the current circulation of TRC20-based USDT, the overall reward spending could be as high as 200 million RMB, without hardcap.
We will decide if there will be an extension of the plan or a new plan instead based on community feedback.
NOTE: The actual incentive plan strategy and time may be different depending on the situation.
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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.
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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.
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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.
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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.
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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:
1. 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.
2. 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.
3. 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
Lucien Chen.
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Contents 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. https://www.lh-crypto.com/articles/tron-price-prediction-2019.html?source=post_page--------------------------- |
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After testing a support level of 0.0314 the previous week, Tron [TRX] values have picked up and are on an uptrend. Tron is currently ranked number eleven on coin market cap and is trading with a market cap of $ 2.6 billion. The cryptocurrency launched in 2017 has had marvelous progress in the crypto verse. Let us have a look at what is in store for Justin Sun’s Tron.
Tron[TRX] Price Analysis
After testing a support level of $0.037 the prices exhibited an immediate spike in prices. The prices are currently testing a resistance level of $0.040. The seller pressure is hindering its progress above $0.040. The 100 EMA line exhibits an uptrend and the MACD is traced in the bullish zone. The crypto coin is in a buy region and is expected to continue the uptrend. TRX is currently trading at $0.040 and is gaining against USD by 10.72%.
Can TRX Price hit the $1 mark?
A set action plan is being followed successfully by the company. After a successful mainnet launch, TRX saw its prices climb higher in the past few days, ahead of the official launch of the Tron Virtual Machine (TVM) scheduled for July 30. The Tron community is waiting for a ‘secret project’ due to be revealed on the same day.
The Tron Foundation recently acquired Bit Torrent, the file-sharing platform. This acquisition is touted to grant full decentralization to Tron network and also enable easy access of the digital content on the network. Also, the cryptocurrency is on a spree to find bugs in their system with their bug bounty hunts to make the network more secure.
Tron also completed the third batch of their coin burn yesterday. When a digital coin is burned, the remaining coins will increase in value significantly. Even when a particular amount of token is burned, the demand for the cryptocurrency may stay the same. The decrease in supply will cause the remaining tokens of prices to increase. This factor will prod the price values even higher.
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7 reasons should not ignore Tron Profit & GTP Token
Besides, there are the typical reasons make users should not ignore Tron Profit & GTP Token as follows:
1: Tron Profit project is keeping top 1 on the platform Blockchain Tron
2: This is the service projects for the industry Blockchain Gaming
3: Flexible investment
4: Reasonable profit
5: Token GTP have stable growth
6: Attractive marketing policy
7: Rewards to promote worthy projects
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