TRON Foundation

tronfoundation

Crypto Market Recap: 04/02 Buckle up because the crypto market this week was a wild ride, even for seasoned investors. Bitcoin (BTC), fresh off its best monthly close ever, took a surprising 4% tumble, failing to recapture the glory of that milestone. This price swing highlights the ever-present tension in the crypto sphere: fear of missing out (FOMO) battling with the fear of losing money. So, what spooked Bitcoin this time? Imagine a tug-of-war between scaredy-cat sellers and optimistic buyers. This week, the sellers gained some ground, pulling the price down towards the $60,000 mark. That once-tempting $70,000 target suddenly seemed out of reach for BTC. But here's the twist: despite the early weakness, some investors saw an opportunity. These shrewd players, often referred to as "smart money,"  placed large bids (over $150 million!) at the $62,000 mark. Are they onto a bargain? Perhaps. Or maybe they're just overconfident, a bias we humans are all susceptible to. Overconfidence can cloud judgment, leading us to believe we've outsmarted the market – a dangerous trap in the ever-volatile world of crypto. Beyond Bitcoin: XRP Feels the Heat While Bitcoin grabbed the spotlight, other cryptocurrencies felt the heat this week. XRP, for example, took a 5.5% dive to $0.59. Here, it seems external factors might be playing a role.  Factors contributing to the drop included strong U.S. manufacturing data impacting the trajectory of the Federal Reserve's interest rate reductions. This is a classic case of how external noise can disrupt our investment decisions. We get bombarded with information, and sometimes, it's easy to get caught up in the frenzy and forget about the bigger picture. Did the fundamentals of XRP change? Not necessarily. But the market reacted to the broader economic climate, reminding us that cryptocurrencies aren't isolated ecosystems. The Crypto Market Petri Dish The crypto market is a fascinating blend of innovation and human behavior. Regulatory battles, whale movements (those holding massive amounts of crypto), and even celebrity drama all add to the mix. It's a world where fortunes can be made and lost in a blink and where understanding our own biases is just as important as understanding the tech. This week, for instance, we saw the Tron Foundation push back against a lawsuit by the U.S. SEC, highlighting the ongoing regulatory uncertainty surrounding the crypto space. This is a crucial reminder that the rules of the game can change quickly, and investors need to stay informed about these developments. Further complicating the picture, Tether, a controversial stablecoin issuer, made a significant Bitcoin purchase, adding fuel to the speculation about its reserves. And as if on cue, former FTX CEO Sam Bankman-Fried chimed in, defending his actions after a prison sentence. Market Snapshot (April 2, 2024): $2,677,124,123,446.54 (reflecting the overall value of the cryptocurrency market) Total Market Cap: $98,682,935,541.67 (indicating the amount of crypto traded in the last 24 hours) Total Trading Volume: Looking at Major Cryptocurrencies: Downward trend with a 24-hour price change of -2.05%. Market cap of $1,365,266,570,137.60 and a trading volume of $35,060,909,934.35 suggest high liquidity and active trading, possibly indicating cautious or negative investor sentiment. Bitcoin (BTC): Downward trend with a 24-hour price change of -3.25%. High liquidity and active trading are suggested by its market cap of $419,551,638,720.56 and trading volume of $16,106,676,738.21, which may indicate cautious or negative investor sentiment. Ethereum (ETH): : This is on a downward trend, with a 24-hour price change of -4.57%. With a market cap of $86,279,700,831.28, it signifies its standing in the market. The trading volume of $2,143,468,824.95 indicates high liquidity and active trading. This may indicate cautious or negative investor sentiment. BNB (BNB) : Is on a downward trend with a 24-hour price change of -6.25%. With a market cap of $84,561,539,794.19, it signifies its standing in the market. The trading volume of $3,828,077,113.58 indicates high liquidity and active trading. This may indicate cautious or negative investor sentiment. SOL (Solana) : Is on a downward trend with a 24-hour price change of -2.38%. With a market cap of $33,820,280,805.71, it signifies its standing in the market. The trading volume of $1,784,375,678.55 indicating high liquidity and active trading. This may indicate cautious or negative investor sentiment. XRP (XRP) Other major cryptocurrencies like USDC, DOGE, ADA, and AVAX all followed the downward trend this week, with price drops ranging from 4% to 6%. While trading volume suggests some continued activity, the overall sentiment seems cautious. Here's the takeaway: the crypto market is complex, but we humans are even more so.  The next time you're thinking about entering the crypto arena, take a deep breath, do your research, and remember:  beware of emotional impulses and focus on the fundamentals. The crypto world is a thrilling but  unforgiving frontier, and a little healthy skepticism can go a long way.

Crypto Market Recap: XRP Feels the Heat

*Note, SWOT is an analysis of operational/fundamental elements. This is not a model to be used for technical or trading purposes. (NFA, DYOR) Composed of four elements, and , a SWOT analysis framework provides excellent insight for evaluating the state of a project’s well-being through the lens of a birds-eye view. Strengths, Weaknesses, Opportunities, Threats It can help formulate decisions on what areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, a layer one, EVM-compatible, 2017-era blockchain will get a SWOT. Tron , (TRX) 💪Strengths (Internal) (Helpful) High Preference by USDT USDT is the most popular dollar-based stablecoin in terms of user adoption, historic presence, and market capitalization. In fact, over 51% of all USDT in circulation is deployed to the Tron network. Considering that stablecoins are considered to be among the most desirable and adopted crypto applications with real-world utility and value, this brings a tremendous amount of flywheel value reflexivity to the Tron network. Resource Model Network fees are a part of every layer one blockchain’s architecture. Tron utilizes a novel approach to the costs of utilizing its network through a fee model which it calls “energy and bandwidth”. At a very high level, energy gas costs are attributed to the execution of smart contracts, while bandwidth is the base measurement of network utilization that facilities activity. Recently, as part of DAO proposal TIP-474, Tron revamped its Energy model with a dynamic parameter that essentially reduces low-value “spam” network transaction activity and increases revenue fees for node operators. By introducing a strong, dynamic dependence between the nature of a transaction and the amount of fees required in order to execute it the network itself has begun to burn more TRX on a rolling basis, in turn exerting deflationary pressure on the token. Dynamic Energy Model Justin Sun’s Affiliations While Justin is considered to be a controversial character within the industry, his reputation and deep connections throughout political, commercial, and technological sectors precedes him. Landing on China’s Forbes 30 under 30 list, receiving recognition from AliBaBa’s Jack Ma, and working with notable crypto companies such as Ripple (XRP) in the earliest days, Justin Sun seems to be positioned perfectly to spearhead such a product to its fullest potential. Interoperability has been a hot topic since before blockchain technology. Being EVM compatible means that both, developers and applications are able to be leveraged equally in both environments without excessive waste of effort. This opens up the door for cross-chain compatible infrastructure and potentially shared liquidity. EVM Compatible The vast majority of modern blockchains, especially EVM-compatible ones, are all based on an Account model. Account models are what Banks use due to their simplicity. Tron actually utilizes a UTXO model (similar to Bitcoin) for tracking its transaction activity. Both models have merits, however, UTXO models are superior to account models for two reasons; scalability and privacy. UTXO is more scalable because network operators/nodes only need to track transaction activity, not monitor the state of every single account. They are also more privacy-preserving because there is no implicit/explicit on-chain identity, UTXO models require the creation of new addresses after every single transaction. UTXO Transaction Model Considering that Tron was released in late 2017, it can be classified as somewhat of an OG blockchain that delivers high throughput than nearly all other networks from that generation. With the potential to handle 2,000 tps, negligible costs of a few pennies, and 3-second block time, Tron’s network can easily qualify as a more user-friendly alternative to Ethereum. Great Performance 😞 Weaknesses (Internal) (Harmful) Out of a total 17 protocols, 10 have more than $250,000 USD in value locked and the top 3 (Justlend, Juststables, and Sunswap) have 99.9% of all value. The Tron Foundation is well aware of this and is actively working on developing new protocols, such as liquid staking, to improve this. Lack of DEFI infrastructure A 90% Concentration of TVL within just two applications Justlend, a lending platform, and JustStables, a CDP stablecoin issuing protocol, collectively have 90% of all the Tron networks TVL. This introduces an extremely high-risk factor in the event any one of the two has any unforeseen technical issues (bugs/hacks). Low Developer Count Considering the amount of value at stake and the amount of high-profile activity taking place, it is counter-intuitive to see that there are only 16 full-time developers working on the project. While there are spikes in dev activity, there has never been a month that has even reached the 100 mark; to put things in perspective, Solana has >340 devs and Ethereum has ~2,000 devs full-time with monthly spikes bringing those numbers up 2–3x easily. 🧐 Opportunities (External) (Helpful) “ Owns” BitTorrent. BitTorrent, one of the oldest, most reputable, peer-to-peer, decentralized file-sharing protocols on the internet. Back in July of 2018, the Tron Foundation acquired BitTorrent for ~$140,000,000 USD. Shortly after doing so, BitTorrent launched its own BTTC (BitTorrent Chain) and began utilizing the Tron Network to facilitate its native token’s (BTT) activity. Why this is of extreme value to Tron is due to the fact that when acquired, BitTorrent had over 100 million users. Assuming those users were retained, their network contributions/activity with the protocol in some way is reflected on Tron. The commonwealth of Dominicana has recognized Tron as its official government network of choice. As part of the nation’s financial and technological initiatives called the “Virtual Asset Business Act” (drafted with the help of {ECCB} Eastern Caribbean Central Bank) the OCES (Organization of Eastern Caribbean States) has allowed for the Dominican Republic to launch a digital asset DMC to conduct economic activity that will promote the Caribbean nation’s culture and heritage. Adoption by the Caribbean Islands The Tron Foundation is actively pursuing development across a wide range of sectors including Gamefi, NFTs, and AI. Partnering with OraiChain, Tron looks to integrate AI into the functionality of the network to improve its operations and enhance security. Additionally, the Tron Foundation is constantly hosting Hackathons and promoting its DAO Grants program to help foster communities. Strong Cross-Sector Initiatives While the DPoS (Delegated Proof-of-Stake) consensus mechanism used by Tron is arguably “more centralized” than other alternatives due to the presence of only 27 SR (Super Representative) nodes that handle all key functions, there are now over 390 backup SR candidates (nodes that can replace current leaders) and a total of >7,600 nodes distributed across 76 countries. This provides regulatory cushion and resilience against any single government crackdown. Good Geographic Node Distribution 😳 Threats (External) (Harmful) Justin Sun (Owner) is currently in the middle of getting sued by the SEC for securities violations relating to the sale of unregistered securities in the form of TRX (Tron network’s native token) and BTT (BitTorrent Token). Additionally, the SEC has targeted 8 celebrities that have been involved with marketing/promotional activities relating to the tokens while not disclosing that they were compensated to do so. SEC Lawsuit Given the enormous amount of competition constantly popping up in the EVM-compatible segment of blockchain, all touting higher transaction capabilities, privacy preservation, and other technological breakthroughs, Tron might be losing out on potential developers that could have just allocated their efforts towards it. EVM Competition Takeaway: On an individual basis, nothing about Tron really presents itself as world-changing or existentially important for humanity. However, in aggregate, all of the initiatives, novel technological designs, and social nuances do give Tron more value than the echo chambers of maximalist crypto Twitter would like to admit. Conclusion: I must say that for a long time, I was skeptical, even cynical about Tron. However, after diving into this SWOT, my cynism has been totally removed, while some skepticism still remains. I will admit that I have definitely reconsidered my position on it to a more bullish one than ever before. Even though I admire the technology and have tremendous respect for Justin, I still don't know why, but I just can’t find a concrete source of confidence to commit any sizable portion of my portfolio to Tron. P.s. I will allocate 0.5% to TRX just to play around with some of the protocols. If you know something that I don’t or feel as though I might have missed something, please do share, I would tremendously appreciate some feedback. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂 Also published . here

The Tron (TRX) SWOT Analysis: A Look at the 2017-era Blockchain 

Hey Peeps! On March 22nd , the U.S. Securities and Exchange Commission (SEC) announced charges, via , against the founder of Tron, Justin Sun, and his three companies: Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. press release The official charges against Justin Sun and his three companies are: The “unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT)” For “fraudulently manipulating the secondary market for TRX through extensive wash trading” And for “orchestrating a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation” Wash trading is a process where a trader buys and sells a security with the purpose of misleading the market into thinking that it is being actively traded, even though there is no actual change in genuine ownership. The SEC alleges that Justin Sun directed his employees to engage in 600,000 wash trades of TRX between two crypto asset trading platform accounts he controlled. “This case demonstrates again the high risk investors face when crypto asset securities are offered and sold without proper disclosure. As alleged, Sun and his companies not only targeted U.S. investors in their unregistered offers and sales, generating millions in illegal proceeds at the expense of investors, but they also coordinated wash trading on an unregistered trading platform to create the misleading appearance of active trading in TRX. Sun further induced investors to purchase TRX and BTT by orchestrating a promotional campaign in which he and his celebrity promoters hid the fact that the celebrities were paid for their tweets.” - , Chair of the SEC Gary Gensler The SEC’s press release also announced additional charges against eight celebrities for “illegally touting TRX and/or BTT without disclosing that they were compensated for doing so and the amount of their compensation”. The eight celebrities being charged are: Lindsay Lohan Jake Paul DeAndre Cortez Way (Soulja Boy) Austin Mahone Michele Mason (Kendra Lust) Miles Parks McCollum (Lil Yachty) Shaffer Smith (Ne-Yo) Aliaune Thiam (Akon) All of the named celebrities, except for Soulja Boy and Austin Mahone, have agreed to pay a $400,000 penalty to settle the charges “without admitting or denying the SEC’s findings.” I found this part a little humorous as it clearly shows different levels of justice for the rich and famous, where they can easily pay a simple fee and make the charges disappear without even having to admit guilt. Now, these celebrities can go on to influence more people and potentially do the same thing over again with barely any repercussions or accountability. “While we’re neutral about the technologies at issue, we’re anything but neutral when it comes to investor protection. As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.” - , Director of the SEC’s Division of Enforcement Gurbir S. Grewal Not sure what to make of this situation yet, but if what the SEC alleges about the market manipulation is true, then I would have to say I am okay with Justin Sun being charged for his role. I still need more consistency and information from the SEC before I agree with their allegation that crypto is a security. That being said, I am always open to having my mind changed if better and more convincing information is presented to me. What are your thoughts on this news? Are you a supporter of Tron (TRX)? If so, will you stick with it during this tough time? What are the chances Justin Sun will come out of this victorious? Do you think the celebrities should have been able to pay a fine and get off scot-free? See ya! :)

SEC Charges Tron Founder Justin Sun and Celebrities Jake Paul, Lindsay Lohan, Soulja Boy for Fraud and Securities Violations

Justin Sun believes users of the internet should own it together, rather than it being used by the few who own its data. That’s one of the primary reasons he founded Tron — to decentralize the internet via blockchain technology and decentralized apps. Think about it. You wake up and check the weather, either on your phone or by asking your smart device. During breakfast, you scroll through the morning articles on some of your favorite news publications’ apps. At work, you send countless emails, research a new project, and maybe take a break by checking your social media pages. At home, you unwind by streaming your favorite television show. Justin Sun, a crypto diplomat and entrepreneur, continues to spearhead evolution in the realm of blockchain and the decentralized internet. Undoubtedly, the internet is seamlessly interwoven throughout our lives. More than just a resource for daily tasks and entertainment, the internet is a powerful tool that has become a basic necessity for economic and human development. The proliferation of uses for the internet has brought with it questions about who should be in control of it, and a growing number of people believe that it should be out of the hands of the government regulators and massive technology companies that currently hold much of the power. In recent years, this conversation has only gotten louder, as questions about who is tracking and selling our private data have emerged as well. , along with millions of others, wants a decentralized web. Crypto diplomat Justin Sun Sun is the founder of Tron DAO, a decentralized blockchain ecosystem seeking to create an efficient, scalable, and cost-effective solution through an open-source blockchain-based operating system. In just five years, Tron has become one of the most active open blockchain and smart contract platforms in the world, with over 122 million active user accounts and more than 4.2 billion transactions logged. During the past development of Tron, Sun worked hard to propel forward the concept of a blockchain-based, decentralized internet. He famously made a record-breaking $4.6 million bid in a charity auction to dine with Warren Buffett, and reportedly used the subsequent meal to educate the renowned investor on the value of cryptocurrency and the blockchain, gifting him one bitcoin and several Tron TRX tokens that corresponded with his 89th birthday. In December 2021, Sun stepped down as CEO of the Tron Foundation (which has also dissolved since his departure) in order to focus on his new role as the ambassador for Grenada to the World Trade Organization. Expressing his belief that the Caribbean is uniquely positioned to be particularly receptive to decentralized concepts, his acceptance of the position is the latest in a long line of efforts on his part to raise the worldwide profile of cryptocurrency and blockchain. (known as Web3 or Web 3.0) and believes it is a “revolutionary technology that will democratize the world of finance, art, and many others.” Justin Sun has said that blockchain is an essential aspect of the decentralized internet Defining Blockchain Technology While blockchain has certainly become a buzzword in recent years, for many, the concept itself is still shrouded in mystery. It is strongly associated with its applications in cryptocurrency, but in its simplest definition, blockchain technology is a system for recording information. A blockchain is often compared to a ledger, but unlike those used in the past — both analog and digital — blockchain technology stores its information in a way that makes it almost 100% impregnable. Traditionally, a database will hold its data in tables, but blockchain gets its name from its unique way of structuring data. Information is collected together in groups known as “blocks,” and once the storage capacity for each block has been reached, it is linked to the block previously filled before it, creating a “chain” of data. The analogy to a chain is a fitting one because just as chain links in the physical world are extremely strong and resilient, so too are blockchains in their ability to prevent changes, hacks, or cheating on the system. History of Blockchain Technology As with most technologies that have exploded onto the scene, iterations of have in fact been in the works for a number of decades. blockchain technology One of the first instances includes the Merkle tree, an approach to public key distribution and digital signatures that was put forward by computer scientist Ralph Merkle’s thesis in 1979. The rest of the century was filled with other small, yet significant, technological advancements that helped set the stage for blockchain technology, including the invention of digital cash and timestamping digital documents. As proof of how one business’s failure can still make way for the success of many others, it was the now-defunct Napster that originally popularized the peer-to-peer network, a system that sees one network benefit from the computing power and storage capacity of thousands of computers. It was in 2008 that blockchain got its true start when Satoshi Nakamoto — thought to be a pseudonym for either a single person or a group of individuals — first published a white paper on the ideas behind bitcoin and blockchain technology. A year later, Nakamoto mined the first bitcoin block, and throughout 2009, the concept was further refined with an exchange being established, as well as a forum for discussions. At the time, a bitcoin was worth less than one penny, but today, each bitcoin is worth over $16,000. According to Sun, his first encounter with bitcoin was in early 2010, and soon after, he began “heavily investing” in crypto. Rather than a way to make money, to bring positive change to the world because of its ability to create and even automate trust. Justin Sun said he saw the investments as a once-in-a-lifetime opportunity In 2014, Ethereum was launched, carving a path for blockchain to be utilized for purposes other than cryptocurrency by introducing smart contracts and giving developers a platform for creating other decentralized applications. From that point on, financial institutions and other industries began to recognize the value of the technology and tentatively explored its potential. NFTs and Other Blockchain Applications Although finance was one of the first sectors to see blockchain technology applied to it through cryptocurrency, its broader applications have seen it applied to practically every other industry today. NFTs are one of the most recent applications to make headlines, and although much of the media attention has focused on the perceived absurdity of purchases (such as Jack Dorsey’s first tweet for $2.9 million), . Justin Sun has said that he believes NFTs are the most important component of the decentralized internet He has collected millions of dollars worth of NFTs over the past few years, and said that they have the ability to bring “a new mode of transaction and transparency to the art world.” The decentralized internet is a highly complex concept, but one that people like Justin Sun view as necessary to bring to the forefront of the conversation for a future that is innovative and egalitarian. Sun is quoted as saying, “I believe in the metaverse, which is an inclusive and empowering version of not only the next internet but also the future of how people will live their day-to-day lives. I hope I can be part of building a truly decentralized metaverse and make it accessible and available to everyone.” Published on by in , , , December 8, 2022, at 12:49 pm Insider Monkey Staff Bitcoin Ethereum and Other Cryptocurrencies News Tech

Justin Sun Discusses Blockchain Technology and How it Can Impact the World

This is the official HackerNoon wiki for Tron. As part of our , this living wiki displays on . If you’d like to suggest edits to our official Tron wiki, please submit them in the comment field below, a real human editor will read and review your suggestions for accuracy and publication. coin price pages Tron crypto price page Tron is basically a digital platform, like a social media platform, that is based on a and has its own crypto token . Tron was founded in 2017, with the aim of enabling developers and content creators to sell and have value for their products without the use of middlemen. It uses a peer-to-peer (P2P) system to allow creators and developers to sell their work directly to their consumers. blockchain TRX History TRON was founded in 2017 by , which was followed by the launch of the TRON Foundation in the same year. This was in Singapore, the headquarters, and it was primarily marketed for the Asian market upon launch. Through its foundation, TRON was able to raise upwards of $70 million in the first round of initial currency funding done in 2017. Justin Sun In March 2018, TRON launched its that allowed testing of features and experimenting on capacity. Along with the testnet, TRON also released their Blockchain explorer and web wallet – this would set the pace for the TRON ecosystem. testnet After rounds of testing and improvements, the TRON Mainnet was officially launched in May of 2018 dubbed the Odyssey 2.0 which was a huge achievement for TRON. This release was based on the ERC-20 token. Later on, in June of 2018, TRON switched its protocol from the ERC-20 token to its independent peer-to-peer network which they use to date. Ethereum The TRON Foundation finished its first acquisition in July 2018, where it acquired the organization that focused on peer-to-peer file sharing. TRON would then go ahead to enable BitTorrent to establish its own token sale platform, which would be based on TRON. BitTorrent Despite being affected by the ban on digital tokens by the Chinese Authorities, TRON has been resilient and grew to become a global brand with a current capitalization of around $1 billion. Currently, TRON has offices in Singapore and San Francisco. Biggest Claim to Fame The promise of TRON, to empower content creators and connect their craft directly to consumers could be their greatest selling point yet. TRON is challenging and taking on established content distributors including Netflix, Hulu and the likes. It’s doing this with the full backing of the crypto industry. Upon launch in 2017, TRON was trading at USD 0.0021 per coin, after a few months of trading, the price jumped to USD 0.021 per coin, an almost 1000% price change. This set the potential of TRON and with its expected product improvements and partnerships, it is likely to soar even higher. The acquisition of BitTorrent was also a major boost for TRON in the creation of brand appeal for those who are into peer-to-peer content sharing. Biggest Criticism The biggest criticism of TRON has been in terms of the security of the system. In 2019, HackerOne released a report stating that the entire TRON blockchain could be rendered useless by a single CPU attack. According to Hacker one, sending a large number of requests to the blockchain could squeeze the power of the blockchain's CPU, overload the memory, and perform a . This security bug was labeled as critical and has since been dealt with by TRON. distributed denial-of-service (DDoS) attack Several other security bugs have been identified through TRON’s Bug Bounty program, whereby they pay and testers for identifying issues and threats to the blockchain. hackers Team Tron was founded by Justin Sun, the former Greater China chief representative of Ripple. Justin was featured in 2015/17 Forbes China 30 under 30, 2017 Forbes Asia 30 under 30 and was a member of the first cohort of entrepreneurs at Hupan University, an elite business school established by Jack Ma, the founder of Alibaba Group. Justin has been a great player in shaping the crypto industry, especially in the Asian region. When TRON was launched, Lucine Chen was the CTO for two years before leaving to establish his own crypto platform. Lucien was involved in several critical aspects of TRON including the onboarding of developers of the platform. Marcus Zhao is TRON’s Head of Protocol and is involved in the platform in a lot of ways including development on BitTorrent. He keeps track of product development, and team management and gives insight into necessary changes. Conclusion TRON is a promising product in the crypto industry. Even though it doesn't pose features like low gas fees, and higher transactions like most other and tokens, its niche is interesting and quite promising. crypto coins TRON’s slogan is "Decentralise the Web" with the aim to eject the corporate middleman from the process of consuming media. The future and growth of TRON are reliant on its ability to provide and produce worthy products and services. Read more TRON stories This is the official HackerNoon wiki for Tron. As part of our , this living wiki displays on . If you’d like to suggest edits to our official Tron wiki, please submit them in the comment field below, a real human editor will read and review your suggestions for accuracy and publication. coin price pages Tron crypto price page

Tron $TRX Wiki: Coin History, Techstack, and Crypto News

Maverick Protocol raises $8 million in funding has raised $8 million in a strategic round of funding. It will use the money to launch its mainnet later this year, bringing its Automated Liquidity Placement mechanism and open asset listing model to market in the process. Maverick Protocol Maverick is being funded by a veritable who’s who of the crypto industry’s biggest VC names, including Pantera Capital, which established the first-ever crypto fund in the U.S. back in 2013, which led the round. Other participants include Altonomy, Circle Ventures, CMT Digital, Coral Ventures, Gemini Frontier Fund, GoldenTree Asset Management, Jump Crypto, LedgerPrime, Spartan Group, Taureon, and Tron Foundation. Maverick is a permissionless derivatives protocol previously operating in stealth mode, which says it’s aiming to revolutionize derivatives trading in DeFi. No serious derivatives trader can do so outside of centralized exchanges such as Binance because the options don’t exist. Whereas most centralized exchanges can offer over 100 derivative trading pairs, most DEXs provide less than 20, focusing exclusively on top tier coins. So it’s impossible to trade mid-cap tokens on perpetual markets. It means DeFi is missing a big opportunity, Maverick says, as more than 50% of the daily trading volume in crypto comes from the derivatives markets. Joey Krug, Co-CIO of Pantera Capital, said: DeFi needs someone to answer the demand for derivatives built on the mid-cap and long-tail assets that are underserved by existing exchanges. Pantera believes Maverick is the protocol to accomplish this. Its innovative market structure is poised to capture a significant chunk of the market by offering low slippage to traders and low-maintenance, capital-efficient staking to LPs. Maverick  will expand derivatives trading to DEXs with the aid of its Gaussian Automated Liquidity Placement vAMM, which is an entirely new mechanism that automates liquidity placement in markets more effectively than other methods. Not only does this mean more capital efficiency for liquidity providers, removing the need to manage their collateral, it also translates to less slippage for traders. ** ** The ALP protocol is based around the idea of capital-efficient, passive staking with high yield for LPs, Maverick says. It will enable open-asset listing, with traders able to stake any ERC20 token as collateral. ** ** Alxin Xu, the co-founder and CEO of Maverick, in an interview with Hackernoon, said: ALP makes it possible for new derivatives markets to be created entirely by the trading community. Up until now, he said perpetual markets have been unable to list most crypto assets due to the intense work need to create sustainable markets. Being a veteran in the crypto industry, you get to see many trends come and go. One thing that still holds true is a trading platform’s value comes from giving people access to the latest and greatest crypto assets. Maverick said the funding comes ahead of the planned launch of its mainnet later this year and that it will now build out its core business and machine learning teams to scale its protocol. It believes there’s a much bigger opportunity than just decentralized derivatives trading, saying its passive staking mechanism could potentially serve as the ideal composable model for dozens of other DeFi use cases. Crypto record-breaking month with nearly $5 billion in investments In January, venture capital funds continued to pour into the crypto business. The roughly $5 billion in additional funds set a new monthly high. Almost 200 crypto businesses received funding in January despite the overall crypto market slump. Bitcoin’s price has fallen from approximately $60,000 in early December to roughly $40,000 now. Despite this, fundraising rounds have continued to grow in size, particularly for later-stage startups. There were 15 mega-rounds of at least $100 million, with Fireblocks raising the most money at $550 million. Pantera Capital’s latest fund has garnered over $1 billion in total commitments. The fund’s initial target of $600 million has almost doubled to over $1 billion. The crypto trading, custody, and financial services sectors garnered the highest money overall. The NFT and gaming verticals also received a lot of money, although they have slowed down recently. VCs were also interested in the crypto infrastructure area. ** ** . Catch all the breaking news, and Don’t forget to like the story! Image credits: and Dylan Tan Hans Eiskonen

Maverick Protocol raises $8 Million from Pantera Capital, Circle Ventures and Altonomy 

9 Best Crypto Hardware Wallets - Top Wallets to Store Bitcoin in 2021

Hi Johnny, welcome to our series “Behind the Startup.” Please tell us about yourself and the story behind KuCoin Exchange? Ishan Pandey: KuCoin was founded in 2017 and I joined KuCoin as a co-founder. Before joining KuCoin, I used to work in the auto and luxury industries for many years. Johnny Lyu: Though officially launched in 2017, actually the infrastructure of KuCoin was first developed in 2013, while back then most of us had a full-time job and didn’t have enough courage to resign and jump into crypto. In 2017, impressed by the industry’s fast-growing, we finally decided to go all-in on crypto. In the summer of 2017, I still remember Michael and I sat in a Starbucks talking about the potential of emerging public chains like NEO. As the key person driving the establishment of KuCoin, Michael is an early Bitcoin miner and believer who started mining in 2011. He told me that he used to have over 1000 Bitcoins at Mt.Gox, which was the biggest crypto exchange at the time and executed over 70% of the global transactions. But the user experience was a disaster, low speed, poor support, and lots of overloads. That is when Michael had the idea that we can definitely make an exchange that is much more user friendly than this, which leads to KuCoin today. With the federal reserve printing massive amounts of US dollars and Bitcoin breaching $40,000 this year. According to you, what trends are we going to witness this year? Ishan Pandey: Bitcoin will not stop at $40,000 for the continuous global inflation will further push up the price of Bitcoin to break a new record. But personally, I think ETH will perform better in 2021 thanks to the booming of DeFi. The total value locked of DeFi is over 30 billion and many top DeFi projects like UNI, AAVE has entered the CMC top 20. Johnny Lyu: Driven by the rise of DeFi, some believe that the total market cap of ETH may overtake Bitcoin. I think that’s very unlikely to happen, but it may be very close to that of Bitcoin in this bull run. Besides, another rising star in 2021 can be Polkadot and its ecosystem. After the Polkadot para chain slots auction, more promising DeFi projects may emerge on Polkadot. The KuCoin cyber breach shocked many in the industry as most investors have used KuCoin. How has the KuCoin exchange recovered from the cyber breach and what has the team learned? Ishan Pandey: Many security experts have identified the KuCoin security incident as one of the toughest cases in the industry, whether it’s regarding the total amount of affected funds, or the number of affected projects, it’s rare in the industry. The good thing is that we have received tremendous support from the whole industry - from exchanges projects to security agents. Johnny Lyu: With the efforts of all parties in the industry, we cooperated with exchange and project partners to recover $222 million (78%) and collaborated with law enforcement and security institutions to recover $17.45 million (6%). At the same time, KuCoin and our insurance fund covered the remaining part, about $45.55 million (16%). In the end, we ensured that no users sustained any loss in this incident. A few vulnerabilities of our system have been exposed in this incident, all of which have been fixed soon after the incident. Also, the incident reminds us again that security should also be our main priority. So a number of security measures have been implemented by our wallet team and security team to prevent a recurrence, including but not limited to all hot wallets being redeployed, a full security system upgrade, network security and architecture system upgrade. We have also reached close cooperation with top security and anti-APT agencies to improve the overall security level, and the results will be reviewed by one of the Big Four accounting firms later this year with a security standard certification. It is fortunate that as the incident broke out, we could respond before it developed to be too difficult to solve. The saying, “what does not kill you makes you stronger” resonates with us. I believe that KuCoin today is more robust than we have ever been. Please explain Pool-X and how the protocol provides liquidity? Ishan Pandey: Supported by KuCoin and the TRON Foundation, Pool-X is both a staking platform and an exchange that provides liquidity with staked crypto assets. Johnny Lyu: The staking service is relatively straightforward. Pool-X currently supports over 50 tokens such as DOT, ZIL, ETH and it has distributed over $7 million passive income to users. What makes Pool-X unique is the world’s first liquidity trading market, where liquidity can be traded. Previously, once you stake a token on-chain, you have to wait a few days to unstake it. While with the Pool-X liquidity market, you can sell your staked tokens and get their unstaked counterparts anytime. The amount of tokens you get will be the same, but you have to pay POL tokens (the native token of the Pool-X platform) to the other party since you get immediate liquidity. The service significantly reduces users’ liquidity concern for staking and contributes to the rise of assets staked on-chain. What are your views on Security tokens? According to you, how can the STO industry attract investors and increase trading volume? Ishan Pandey: The emergence of the Security token is quite natural in the progress of crypto regulation. KuCoin has supported two STO projects - STX and PROPS - These projects are highly attractive to institutional investors and conservative retail investors as they are fully regulated. In general, most STO projects also have an excellent background with plenty of use scenarios, allowing traditional investors to have a more positive attitude towards the crypto and blockchain industry, benefiting the mass adoption of crypto in the long run. Johnny Lyu: What are your views on Decentralised Exchange (DEXs)? Do you think that DEXs are susceptible to illicit activities? Ishan Pandey: As a believer in blockchain, I favour decentralisation and our team members in KuCoin share the same values. KuCoin is also working on our decentralised trading solutions. Johnny Lyu: Though DEXs can’t completely replace CEXs, they satisfy users’ needs who are highly concerned about security. However, it is doubtless that DEXs are more vulnerable to illicit activities. Many people have noticed that more and more hackers are prone to trading the stolen funds through DEXs and it’s harder to trace such behaviours due to the lack of KYC. No regulator worldwide has introduced any clear guidelines on the compliance of DEXs, which from my point of view will be one of the biggest challenges DEXs will face. What are your views on the FATF travel rule? Are cryptocurrency exchanges implementing VASPs solutions to comply with the regulation? Ishan Pandey: The combination of KYC and the Travel Rule is a major tool to help financial institutions comply with regulations worldwide. An example is a progress that the Japanese exchange platform SBI VC has made in 2019 to ensure that its KYC and Travel Rule measures meet regulators approval. Johnny Lyu: The Travel Rule will not be the final difficult hoop that regulators will force the crypto industry to jump through. It will be one of the most important and set the stage for a more mature regulation of crypto assets. Depending on how you look at it, each new AML/CFT measure such as KYC, the Travel Rule and other measures like Know-Your-Transaction (KYT) plays a vital part in helping to illuminate the blockchain gradually. While they are different in many ways, the Travel Rule and AML/KYC have a united goal: they aim to clean up and fortify cryptocurrency transacting to ensure their survival for the long haul. According to you, which public blockchain can compete with Ethereum in the coming years? Ishan Pandey: Many projects once claimed to be terminators of Ethereum, but so far, there has not been a successful case. EOS used to be considered as a strong competitor of ETH because of its ability to provide millions of TPS, but it turns out that a high TPS is not enough to prosper an ecosystem. Johnny Lyu: I believe the most strong challenger in 2021 will be Polkadot. On the one hand, the founder of Polkadot, Gavin Wood, was the former CTO of Ethereum. As one of the people who knows Ethereum best, Gavin knows very well where the weaknesses of Ethereum are. On the other hand, the current ecosystem of Ethereum is very mature. It is obviously not wise to compete with Ethereum head-on. So Polkadot chose a cross-chain bridge, preferring to coexist rather than replacing it. Ishan Pandey: With the GameStop mania and Robinhood limiting investors ability to buy shares on the market due to the SEC’s fear. How can DeFi position itself and cater to retail investors who are fed up with Wall Street? Johnny Lyu: Robinhood’s suspension of users trading in GME stocks exposed the problem of traditional financial institutions. Alternatively, many decentralised counterparts are emerging, building a more fair and transparent financial service ecosystem. Take Mirror Protocol, a DeFi protocol that is newly listed on KuCoin, for instance. The protocol allows users to issue and trade US stock assets, and many people see Mirror as the decentralised counterpart of Robinhood. As Robinhood stopped users from buying GME and AMC stocks, Mirror decided to launch GME and AMC. If it is approved, GME and AMC stocks can be issued and traded on this platform. These initiatives help Mirror attract lots of attention and users. According to the , 30K of transactions were completed on the platform in 24 hours with a fee of 100,000 UST (a stablecoin that pegged to US dollar), the locked value over $322 million and the price of MIR tokens reached an all-time high on KuCoin. latest data The purpose of this article is to remove informational asymmetry existing today in our digital markets by performing due diligence by asking the right questions and equipping readers with better opinions to make informed decisions. The material does not constitute any investment, financial, or legal advice. Please do your research before investing in any digital assets or tokens, etc. The writer does not have any vested interest in the company. Interviewer - Ishan Pandey.

"It is Doubtless That DEXs Are More Vulnerable to Illicit Activities" - Johnny Lyu, CEO at KuCoin

Crypto visionary and founder of TRON, Justin Sun, says "the crypto market is still moving toward its equilibrium". There are few people with such an impressive background as Justin Sun. He is the protege to Jack Ma, founder of Alibaba, listed by Forbes among the "30 under 30 in Asia", and founder of the TRON Foundation (TRX). I had the opportunity to ask Justin a few questions concerning Bitcoin's meteoric rise, breaking the $40,000 barrier with projections that it could reach $300,000 or more in 2021, and increasing %400 in Q4 of 2020. As one of the leading minds in the crypto space, it's perhaps not surprising that Justin is feeling bullish on BTC -- and on altcoins and the role of crypto overall in the global economy. Justin's responses are presented here with some editing for length. Justin Sun, Founder of and CEO of and CEO of BitTorrent and Peiwo TRON Where do you see BTC going in 2021? Bitcoin has been one of the top stories of 2021 everyone and their grandma is talking about BTC this year. Doomers, nocoiners, and bears like to use every opportunity to point to the death of bitcoin or to equate crypto to the dotcom bubble. In my opinion, the recent correction of BTC is a reflection of a healthy market with active traders and investors. BTC still has a ways to go in terms of price growth, In December 2020, a leaked Citi report revealed one of the bank's senior analysts thinks bitcoin could potentially hit a high of $318,000 by December 2021. Although it’s anyone’s guess what the price of BTC will be at the end of 2021, we know for certain that the bull market is here and it looks like it’s here to stay. "Altcoin Season" -- has this happened but not as dramatically? Do you expect it to happen for ETH or anyone else? Historically we have seen the altcoin season take off as Bitcoin achieves record-high prices. Notably, when BTC breached its all-time high in the past two bull cycles, altcoins have typically rallied in its wake. With BTC price skyrocketing alternative cryptocurrencies are now looking mighty cheap in comparison, this time around investors have a plethora of choices and the market is extremely bullish. Altcoins like ETH and LTC don’t need me to cheerlead on their behalf and have already seen significant gains during this bull run. However. with negligible transaction fees and a rapidly expanding DeFi ecosystem, TRON is quickly heating up as a hotbed for DeFi innovation. What are people NOT paying enough attention to -- there are so many factors, it seems you have to account for the global economy, buyer sentiment, regulation which is hard to predict, etc.? The average individual buying crypto during a bull run has minimal to no real grasp of cryptonomics, the impact of regulation, institutional investment, buyer sentiment, and the global economy impact the price movements of BTC. This is enough to scare most novice investors... ...one thing to keep in mind is that the crypto market is still moving towards its equilibrium and we are bound to see pumps and retracements. Another thing that most people don’t generally consider is the key differences between the different chains. Bitcoin and Ethereum are very slow and ETH especially has exorbitant gas fees which act as a barrier to entry. TRON, on the other hand, is extremely fast, cheap, and highly scalable which is a huge plus for mass adoption. These comments appeared in part in my recent Benzinga article and will also appear in a collected report by Bitbuy along with responses from other top crypto influencers. *Cover image by Pete Linforth from Pixabay

2021 Bitcoin Predictions: A Brief Interview with Justin Sun

Cross-chain solutions are increasingly catching the attention of speculators within the decentralized finance ecosystem. As products and platforms grow in popularity, interoperability between separate chains is becoming increasingly important. With protocol layers often solving a range of legacy economy issues, connecting disparate solutions into one complete, homogeneous ecosystem could be the difference between cryptocurrency mass adoption and failure. We’ll start by examining the cross-chain marketplace as a whole, before taking a look at some of the exciting projects making blockchain interoperability a reality. Atomic Power Interoperability isn’t a new concept within the crypto-sphere. Atomic swaps across separate chains have been , with entire built to facilitate this functionality. Despite the buzz around the potential of the underlying technology, atomic swaps failed to capture the imagination of the wider market. As a result, crypto-asset swaps and its advantages were largely forgotten, with the lion's share of alternative development efforts captured by Ethereum. promised since 2013 layer 1 protocols However, history has a funny way of repeating itself. A new wave of cross-chain solutions are taking the market by storm, and have their sights set on unleashing the full potential of decentralized finance. Interoperability and Me , and kick off our cross-chain swap renaissance, having in order to launch the - a ‘heterogeneous interoperability protocol alliance.’ Designed to seamlessly integrate the , and Neo platforms into the larger cross-chain ecosystem, the Poly Network enables enterprises leveraging the Ontology blockchain to move seamlessly between multiple chains. NEO Ontology Switcheo recently combined forces Poly Network Ethereum Cosmos It doesn’t stop there. The is leveraging its novel blockchain agnostic oracle architecture in order to facilitate trustless cross-chain data communication, partnering with the as a result. is in the final stages of launching its unique Multi-Bonded Proof of Stake (MBPoS) technology and ecosystem  - giving near-unlimited access to liquid staking opportunities for crypto assets, digital fiat and commodities across multiple chains Band protocol Tron foundation KIRA Tier 1 scaling solutions are vying for the spotlight too. The helps developers and users avoid the sky-high gas fees associated with Ethereum network congestion by transferring ‘performance or gas-fee critical parts to NEAR while keeping their Ethereum-native user base’. NEAR protocol There’s more to cross-chain DeFi solutions than just facilitating blockchain transaction compatibility however, as we’re about to see. Scaling for the Future Decentralized applications often present clunky user experiences. On and off-chain technology stacks make complex processes difficult to streamline. Scaling for genuine mass adoption will only bring further teething problems with apps already stretched to accommodate moderate usage. To meet this demand, a growing number of communication solutions between different chains and Dapps are competing to alleviate computational bottlenecks. , a a cross-chain scalabilty network featuring decentralized computing, database storage and a DID framework, aims to do just that. Operating within what is often referred to as the ‘last mile of DeFi’, aleph.im is building a complete cross-chain scalability network in order to address and enhance the current drawbacks of distributed ledger technology. Aleph.im The network provides access to instant, low-latency global status updates, IPFS data pinning and replication, API service decentralization, virtual machine code execution and verification, as well as bulk content writing to facilitate fee-less commits. By creating a trustless messaging and application layer, aleph.im is aiming to unlock the true potential of interchain liquidity and cross-chain composability. This has caught the attention of companies like , and who have joined forces with the company, proving the growing demand for genuine solutions to off-chain over-dependencies. Currently, NULS, Ethereum, Binance Chain and Neo are all supported, with further cross-chain compatibility in the pipeline. Jarvis Orion Protocol Serum Conclusion As Michael Egorov from said: “DeFi will grow really big and will replace banks and power a whole new world of financial systems, but there’s a long way to go." While there is a lot of work remaining, cross-chain composability is a real and will help power DeFi into new levels of adoption and functionality. Curve It is safe to assume the industry will see challenges around legal and jurisdictional requirements, especially as regulators start to consider what the future of blockchain, decentralized finance, and stablecoins play in the global financial system. Until then, expect to see more innovative solutions around cross-chain compatibility hitting the market.

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