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CEX.io lists Tron’s Tronix (TRX) and BTT

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Since yesterday, Tron’s Tronix and BitTorrent Token are available at CEX.IO for users to trade and exchange.

Cex.io is announcing the listing of two Tron-based cryptocurrencies. One is, of course, Tron’s Tronix (TRX) and also BitTorrent Token (BTT). Both coins have the common objective of achieving web decentralization. The announcement means that the following trading pairs will be available for trade at Cex.io: TRX/USD, TRX/EUR, TRX/BTC, BTT/USD, BTT/EUR, BTT/BTC

Tron: The project, protocol, technology, and primary features

Tron is very well known in the blockchain world. It’s an open-source protocol that went online during 2017. It’s a third-generation blockchain network. That means the blockchain is not all about a cryptocurrency (as it is with Bitcoin, for instance) but about a programmable platform that can support the development and deployment of decentralized applications and smart contracts.

Tron aims to decentralize the world wide web using its own blockchain network backed by its native digital asset, Tronix (TRX). It’s already the most effective dApp platform in the world as it hosts an increasing quantity of scalable dApps.

Tron’s transaction speed is remarkable. It can deal with 2.000 transactions every second, which makes it one of the quickest blockchains in the industry.

Tron’s scalability allows for the support of a massive number of users. It also enables developers to bring their projects into the network and take advantage of the large (and bullish) user base the network enjoys.

The network works at meager costs for both users and developers. That feature allows for new users to join more efficiently, which is one of the reasons why Tron’s user base has increased rather quickly.

The Tron network creates new blocks using an improved consensus protocol based on Delegated Proof of Stake (DPoS). Tronix holders can accumulate their coins, and that gives them the right to vote for the nodes in the network that produce new blocks (they are known as Super Representatives). The votes are counted every six hours, and the new Super Representatives are elected consequently.

Tronix (TRX): Tron’s native currency

Tron started as a project running on the Ethereum network. As such, the project’s currency (TRX) came to life as an ERC20 token. Then Tron became independent one year ago. The blockchain and the token are now fully autonomous and independent from Ethereum and Tron has achieved the tenth spot by market capitalization.

Several cryptocurrencies are in use in the Tron network, but the main one is Tronix (TRX). It’s the fuel that powers the whole environment, and it’s the coin that supports all the other tokens in the network (Tether, BitTorrentToken, TWJ, and many others). It also empowers holders to vote for Super Representatives (new block producers) and profiting in some way from their votes.

BitTorrent and the BitTorrent Token

BitTorrent is the largest decentralized network in the world. It’s a P2P file sharing system used by more than 100 million users scattered all over the planet. Tron now owns the BitTorrent network, and it created the BTT currency so that it can fuel the BitTorrent system as it joins the Tron blockchain.

The BTT token has already grown significantly. Despite being a derivative cryptocurrency it’s ranked 37th by market capitalization, and it’s been around for only a few months. BTT is meant to be a lubricant to exchange computing and bandwidth resources shared by users in the BitTorrent network. It’s an incentive for users to keep their content online and available for other users to share and download.

Since yesterday, Tron’s Tronix and BitTorrent Token are available at CEX.IO for users to trade and exchange.

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Crypto Firm Chief Accepts Invitation to Warren Buffett Lunch With Tron’s Justin Sun

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Jeremy Allaire, chief executive officer of crypto-powered finance firm Circle, has just accepted an invitation to join Tron and BitTorrent CEO Justin Sun for a lunch date with legendary investor Warren Buffett. Allaire, who founded the Goldman Sachs-backed Circle in  2013, will attend the event along with Charlie Lee, the creator of Litecoin, the world’s fourth-largest cryptocurrency, who has also confirmed his attendance as one of Sun’s guests.

The high-profile lunch comes on the heels of a series of intense debates about the caliber and integrity of the cryptocurrency industry with critics calling it everything from a scam to a cesspool, and supporters calling it revolutionary.

The topic was a key focus among G7 finance ministers who gathered in Chantilly, France on Wednesday. While regulators have reached no clear consensus on a regulatory framework, Facebook’s entry into the space – and the reality of its 2.5 billion users – have driven tremendous attention and a sense of urgency for lawmakers to act swiftly.

In the US, the ongoing controversy over crypto sparked two consecutive congressional hearings this week with politicians debating Libra while grilling Facebook’s David Marcus. The tech giant’s plans to launch a digital coin on a new global payments platform sparked even deeper discussions about Bitcoin and cryptocurrencies in general, evoking a critical tweet from President Donald Trump and warnings from Treasury Secretary Steven Mnuchin.

As progress heats up and blockchain developers continue to build new products and services, Sun says that both Trump and Buffett, who have made strident remarks condemning cryptocurrencies, are ill-informed about the tech, its benefits and its important use cases around the world. He hopes the face-to-face meeting will allow him and his colleagues to give Buffett a broad overview and a better understanding of the digital economy, shattering the old tropes and stereotypes about Bitcoin as a vehicle for crooks.

Sun also made one of his customary announcements via Twitter about an upcoming announcement, indicating that something significant is in store for his two platforms, Tron and BitTorrent

Sun won the upcoming lunch date on July 25th with the Berkshire Hathaway CEO by placing the winning bid of $4.56 million last month at Buffett’s annual charity auction for the GLIDE Foundation, a non-profit organization that provides services for the homeless in San Francisco.

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Tron back in the limelight after Ledger integrated with TronLink to boost mainstream adoption

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Tron, the Justin Sun-led cryptocurrency, has been in the news multiple times this year, on the back of several updates and developments. The cryptocurrency is in the limelight again after its latest partnership with Ledger, the popular hardware wallet. On July 18, it was revealed that Ledger will be integrated with TronLink, Tron’s very own Google Chrome extension.

TronLink announced the same on Twitter and tweeted,

“We are pleased to announce that @Ledger, the global leading hardware wallets, has been functionally integrated to #TronLink. Ledger users can manage and transfer their #TRON-based assets through TronLink now.”

The official press release from TronLink informed users that they can install the Tron application on the Ledger Nano S or the Ledger Blue, in order to manage their respective TRX tokens on the TronLink plug-in. The movement into the hardware market was seen by the community as a step by Tron to boost mainstream adoption, not just in the software sector, but also in an area where rival cryptocurrencies have gained a foothold.

The partnership with TronLink is one of several that Ledger has participated in and aligns with the words reiterated by Ledger CEO Pascal Gauthier a few weeks ago. He had said,

“It’s time that the market stop making promises and starts delivering first.” Following the remarks “we not here to promote currencies. Crypto winters bring innovation; it forces you to ask the right question. But like all weathers, this winter must also come to an end.”

Tron was also in the news recently after the Foundation revealed plans for its previously postponed TRC20-USDT incentive plan. The updated TRC20-USDT Incentive Plan 2.0 will allow users to tap into a reward pool of 200 million Yuan. Tron had said,

“We hope to encourage users to exchange the USDT in their balance with TRC20 USDT. The campaign is set to run till mid-August. Holders of TRC20 USDT can get token airdrop as returns on a daily basis, and the annualized return date can be as high as 100 percent.”

Source:ambcrypto

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Tron CEO Justin Sun Teases ‘Huge’ Announcement While Preparing for Lunch with Warren Buffett

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Justin Sun keeps the Tron community in suspense, but its members are seemingly not impressed

Tron CEO Justin Sun has just spilled the beans about some sort of ‘huge’ announcement that is coming next week.

Currently, the twitterati is preparing for his highly anticipated lunch with Warren Buffett, asking his armada of followers to suggest some good questions.

An announcement of an announcement  

Sun is known for acting coy with Tron’s huge user base, thus amplifying the hype around his project. However, the impact of this marketing trick on the price of TRX is rather dubious. For example, he made a similarly obscure tweet on Jun 1 that generated thousands of likes, but the coin remained in the red.

Judging by the reception of his most recent tweet, it seems clear that this tactic has become tired, and many of Sun’s followers are simply ridiculing him. In fact, it was hard to find at least one user who would be genuinely excited about this.

Ask Warren Buffett 

Whatever the announcement is, it will be most definitely overshadowed by Sun’s lunch with billionaire Warren Buffett that will also take place next week. As reported by U.Today, the Tron CEO forked out a whopping $4.5 mln to win this year’s charity lunch with the Oracle of Omaha.

Despite skepticism, Sun is certain that he could win over the stubborn crypto hater. In the interim, he asked his followers to come up with some questions for Buffett.

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