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PR: Tron Mainnet Launched – Young Team Dispelled Rumors with Sweat, Perseverance and Success

June 6, 2018 |

Tron Mainnet Launched - Young Team Dispelled Rumors with Sweat, Perseverance and Success

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

TRX made a hit as the first cryptocurrency whose value exceeded a hundred times of its issuance price in 2018 when the New Year had been only a few days away. In a flash, it squeezed itself into the Top 20 list of cryptos with highest market capitalization. Since then, TRON has recruited a mighty tech team and released a series of iterations. Albeit good news now and then, TRON is never short of controversaries and even rumors.

Yesterday, TRON launched its Mainnet. All rumors were dispelled, and TRON came again under the spotlights.

First, I’ll talk about highlights of the launch, in case you don’t know yet.

TRON Mainnet Launch began as scheduled at GMT+8 of May 31, 2018. Justin Sun, the founder of TRON, announced that TRON Mainnet was officially launched in a TRON T-shirt. Rephrasing the famous line of Neil Armstrong, the first human stepping on the moon, Sun proudly claimed that “Odyssey 2.0 launch is one small step for TRON, one giant leap for blockchain.”

Sun explained in English what TRON had done and would do as such:
1. TRON takes the crown for commits in Q2, totaling more than any other blockchain project in the world;
2. TRON has completed mainnet token migration and shed its identity as an ERC token;
3. With 1.08M tokenholders, TRON is now the #1 token on Ethereum, far ahead of any other cryptocurrency, including Bitcoin and EOS;
4. TRON attracts much more attention than other blockchains on Youtube, Twitter, Weibo, WeChat, Reddit and other online platforms, promising to be the hottest cryptocurrency globally;
5. With a consistent trade volume of between USD 500M – USD 1B, TRON has stabilized in the top 5 of most traded cryptos;
6. More than 100 trading pairs have been activated for international transactions;
7. As the TVM version is scheduled to be launched on July 31, TRON is expected to complete basic infrastructure for a decentralized ecosystem in Q3.

In the end of his speech, Sun urged all TRON users to participate in the June 26 Super Representative Election.

After Sun, Lucien Chen (CTO), Marcus Zhao (director of blockchain R&D), Haoqi Zhao (director of technical operation) and Wendy Yi (product director) gave their speeches about TRON and its plans. TRON’s commitment to community is apparent in its various programs for developers that include TRON Accelerator, hackathons and programming competitions, totaling up to USD 2B in rewards.

As token conversion is the most widely concerned issue among users, TRON has given its official manifesto. As the mainnet is launched, TRX will gain independence, no longer an ERC20 token as it was. There are a number of exchanges where holders can transfer conveniently their TRX into the mainnet at the fixed ratio of 1:1. Users can transact as usual while conversion is being processed.

Available exchanges include Bit-Z, Bittrex, Bitfinex, Bibox, gate.io, Binance, Coinrail, Coinnest, Bitpie, Bixin, RightBTC, DragonEx, Upbit, Bithumb, Liqui, BitKop, OKEX, CoinTiger, Huobi pro and OEX. Watch out for the continually updating list before June 25.

When the migration is completed, all TRX holders are entitled to vote in an election that yields 27 super representatives, or SR, who are somewhat like senior managers in a company. SRs have the access to book-keeping, and their duties include daily maintenance, performance optimization and boosting the ecosystem. By the time that this piece was written, more than 60 individuals or organizations from all over the world had submitted SR applications, among whom were 20+ big names like Node Capital, LinkVC, GENESIS, Next Genius, Antpool, BTCC and Top.one.

As a Java-based DApp platform, TRON is developer-friendly and promises high network performance. Over 20 star-ups have joined for various DApps including cold setup wallets and blockchain explorers for PC, web and mobile devices.

The price of TRX rose by 6%, though only for a short time, during the half hour after the launch began on May 31 (GMT+8) while it had been fluctuating around USD 0.06 on the same day.

As a matter of fact, now that Odyssey 2.0 is technologically available, its full-fledged functioning involves reaching consensus, which in turn requires coordinating the efforts of more than its 1M+ users. From the 1st to the 24th of June, the community developers will be carrying out additional tests on the Mainnet and generating consensus before the first block, also known as the Genesis Block, happens at midnight, June 25 (GMT+8).

As the momentum goes, TRON will have surprises for the blockchain community every month ahead just like the amazing six months before now.

Contact Email Address
trx@tron.network
Supporting Link
https://tron.network/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Tron Mainnet Launched – Young Team Dispelled Rumors with Sweat, Perseverance and Success appeared first on Bitcoin News.

Bitcoin News

CNN

Up from poverty to culinary success

May 27, 2018 |

In Vietnam, Neal Bermas’ nonprofit training program helps at-risk youth ages 16 to 22 transition from poverty to successful culinary and hospitality careers.
CNN.com – RSS Channel – World

Michael Cohen’s D.C. Consulting Career: Scattershot, With Mixed Success

May 14, 2018 |

Pitching himself as the president’s lawyer to companies desperate to understand the new landscape, Mr. Cohen won AT&T and Novartis but was spurned by Ford and Uber. A review of his efforts shows he succeeded in landing his short-lived clients in a publicity mess.
WSJ.com: US Business

Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success

May 9, 2018 |

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success

Just recently the Bitcoin Gold (BTG) developers announced the project’s consensus algorithm Equihash was “threatened” in a blog post called “A Response to the ASIC Threat.” In the post, the BTG project’s team members explain that they might change the cryptocurrency’s current Equihash algorithm due to the recent launch of the Antminer Z9 mining rig. The firm Bitmain Technologies has once again produced a device that breaks the mold of digital currency networks that claim to be ‘ASIC resistant.’

Also read: Researchers Find Bitcoin Network 3X More ‘Evil’ Than the Public Internet

The Bitcoin Gold Project Aimed to be a ‘Better Bitcoin’ by Trying to Remain ‘ASIC Resistant,’ but the Idea Failed Miserably With the Launch of the Z9 Mini

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little SuccessLast year a project called Bitcoin Gold (BTG) forked the Bitcoin Core (BTC) protocol in hopes of creating a more fair and decentralized mining environment that would remain ‘ASIC resistant.’ The BTG project basically cloned the BTC codebase (Segwit included), and changed the consensus algorithm from SHA-256 to the Equihash algorithm, a popular mechanism used by the digital asset zcash and others. This week the Bitcoin Gold development team wrote a blog post that detailed a new Equihash mining rig that’s been released to the public “threatens” their dream of a “one CPU one vote” network. The mining rig manufacturer Bitmain has caused a stir throughout multiple cryptocurrency communities, by launching various miners this year that process algorithms most thought were ‘ASIC resistant.’ The latest Antminer Z9 mini was announced on May 3 and costs $ 1,999 USD per unit and the machine processes an Equihash hashrate of about 10k Sol/s ± 5%.

“We are pleased to announce the Antminer Z9 mini, an ASIC miner to mine Equihash-based cryptocurrencies — To prevent hoarding and to let more individuals worldwide get one, we’ve set a limit of one miner per user,” explains Bitmain the day they launched the Z9 mini.

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success
The Antminer Z9 mini mines the Equihash algorithm and has caused trouble for the Bitcoin Gold (BTG) team. 

After Feeling ‘Threatened’ by the Z9 the BTG Development Team Plans to Modify or Change the Current BTG Equihash Algorithm

The announcement has shaken development teams who believed their blockchain consensus models would be free from these high-efficiency semiconductors. But now that Bitmain has released the Equihash mining Antminer Z9, the BTG project may attempt to modify or change its consensus algorithm.

“This week, we learned that the dominant specialty crypto mining hardware maker (Bitmain) has released an “ASIC” miner for Equihash, which means it would be able to mine BTG if we were to allow that to happen,” explains the BTG organization.

The Bitcoin Gold dev team is now working to fix this. We’ve been planning to do this for some time – either by modifying how the Equihash algorithm is implemented, or by changing to an entirely different algorithm. Perhaps we’ll do each, over time.

Cryptocurrency Projects Aiming to be 'ASIC Resistant' Have Little Success
Due to the launch of the Antminer Z9 mini the BTG team plans to change or modify its consensus algorithm.

Is ‘ASIC Resistance’ a Pipe Dream?

Bitcoin Gold isn’t the only project that attempted to create an ‘ASIC resistant’ cryptocurrency that failed to meet that goal. The Litecoin (LTC) network utilizes a different hashing algorithm called scrypt, and when the project first launched everyone thought it would never see ASIC miners processing the LTC’s blocks. However, the once claimed ‘ASIC resistant’ Litecoin scrypt algorithm turned out to be minable by application-specific semiconductors and at the time when this was discovered in 2013 it was quite controversial.

Last month Bitmain released its Antminer E3 that processes the Ethhash (an ethereum, ETH) hashing algorithm. The launch of this device sparked a discussion between Ethereum users who wanted to become ASIC resistant quickly. One Ethereum proponent writes “a regularly scheduled PoW change, like Monero” is needed. The Monero (XMR) development team ran into the same situation as a Bitmain produced mining rig was launched before the E3, that mined cryptocurrencies that utilized the cryptonight algorithm.

As far as different types of Proof-of-Work algorithms there hasn’t really been a cryptocurrency yet that has maintained full ASIC resistance. Most people believe the goal to produce an ASIC resistant PoW is a mythical pipe dream as there are warehouses full of ASIC machines that mine these digital currencies that once claimed to be immune from ASICs.

What do you think about the goal to create an ASIC resistant PoW cryptocurrency? Is this goal attainable without going full PoS? Let us know what you think about this project in the comments below.


Images via Pixabay, Shutterstock, Bitcoin Gold blog, and Bitmain Technologies. 


Have you seen our new cryptocurrency market caps page Satoshi Pulse? It shows live updated price feeds and market caps for the top 500 coins and there’s no need to refresh for prices. Check out Satoshi Pulse today! 

The post Cryptocurrency Projects Aiming to be ‘ASIC Resistant’ Have Little Success appeared first on Bitcoin News.

Bitcoin News

NEO Is Either a Raging Success or a Total Disaster

March 3, 2018 |

NEO Is Either a Raging Success or a Total Disaster

What to make of NEO? The Chinese blockchain is, on paper, the most successful Asian cryptocurrency project to date. It’s listed on most major exchanges, boasts high trading volume, hosts numerous ICOs and has smart contract functionality. Not everyone is impressed though. Critics have called NEO a centralized, expensive, and unusable disaster. So which interpretation is true?

Also read: JP Morgan Chase Fears Crypto Is Disruptive Competition

Success Lies in the Eye of the Beholder

NEO Is Either a Raging Success or a Total Disaster
Da Hongfei

NEO founder Da Hongfei is a man of few words. Despite having a Twitter following of 40,000, he’s tweeted just 71 times, averaging one message a month. On February 28, the CEO broke his silence to declare his satisfaction at having the first blockchain to be given an A-class rating by Weiss. The ratings agency has previously come in for criticism for awarding no cryptocurrencies an A and bitcoin a C. In a blog post, Mr Weiss himself – Martin D. Weiss PhD – hit back at the haters, writing:

I kind of expect it when we give a disappointing grade to a coin they love. Like Bitcoin’s C+, for example. But it seems the fury can be equally intense when we give a good grade to a coin they hate. In fact, that’s what we just saw happen this weekend with another explosion of buzz on the Internet about the Weiss Cryptocurrency Ratings. This time all about NEO.

Mr. Weiss naturally revels in the controversy – any publicity is good publicity for his company after all. Had Weiss Ratings previously awarded bitcoin and other blockchains an A, its decision to follow suit with NEO would have provoked little attention. But it didn’t. And so it has. Granting NEO an A confirms, in the eyes of critics, that Weiss – a company with no background in cryptocurrency – doesn’t understand the industry it is judging. What sort of skewed ratings system places one of the world’s most centralized cryptocurrencies leagues ahead of one of the most decentralized (bitcoin)?

“A Billion-Dollar Disaster”

Weiss Ratings make for an interesting talking point but they have little basis in reality. For those in the know – analysts with a proper grounding in cryptocurrency – NEO is a project that raises major red flags which no decorative award can mitigate. In general, Chinese cryptocurrency projects are more heavily centralized than those from the west, and NEO appears to be particularly guilty of this. This may change as more nodes are rolled out, but for now at least, NEO holds the keys to the castle.

NEO Is Either a Raging Success or a Total Disaster

One of the project’s more vocal critics is Store of Value blog, whose author has described NEO as “A Multi-Billion Dollar Disaster”. In a damning post, they outline their reasons for this pejorative, including the following:

  • Blockchain slowdown during popular ICOs, questioning NEO’s claim to be able to support 1,000 tps. A post named The Story Behind the Worst ICO of 2018 outlines the problems that beset The Key’s crowdsale.
  • Developer issues with getting smart contracts to work coupled with high deployment costs running into tens of thousands of dollars. Based on the current price of GAS, it would cost $ 15,000 to create a smart contract.

The other major issue affecting NEO is that its main use, at present, is as a springboard for ICOs. These projects need to prove themselves by adding real value and usability to the NEO ecosystem. If they can achieve that, and foster an interconnected framework of dapps, DEXes, protocols and off-chain solutions, NEO will prosper. If these projects fail to make an impact, however, or are constrained by issues affecting the blockchain, the entire ecosystem is at risk of failure.

Every blockchain has its technical problems to solve, and there is no reason why NEO can’t overcome its teething troubles and alleviate over-centralization concerns given time. Communication is not one of the team’s strong points, however, and while NEO muddles on in silence, the dissenting voices are getting louder.

Do you think criticism of NEO is unwarranted, or does the platform have major issues to address? Let us know in the comments section below.


Images courtesy of Shutterstock, and NEO.


Need to calculate your bitcoin holdings? Check our tools section.

The post NEO Is Either a Raging Success or a Total Disaster appeared first on Bitcoin News.

Bitcoin News

With sale to Amazon, doorbell start-up Ring goes from ‘Shark Tank’ reject to L.A. tech scene’s latest success

February 28, 2018 |

If Amazon succeeds in turning Alexa into the brains of the modern smart home, then Ring will provide the eyes.

In a deal that expands Amazon’s network of internet-connected household gadgets — and with it, the e-commerce giant’s reach into customers’ homes — the Seattle company has agreed to buy…


L.A. Times – Business

How Jeffrey Immelt’s ‘Success Theater’ Masked the Rot at GE

February 22, 2018 |

A culture that disdained bad news contributed to overoptimistic forecasts and botched strategies. GE stock has almost halved since Mr. Immelt resigned as CEO and the company is considering whether to break itself up.
WSJ.com: US Business

Applebee’s and IHOP’s new recipe for success: technology, takeout and takeovers

February 21, 2018 |

With free birthday breakfast meals and all-you-can-eat riblets, t​​​​he IHOP and Applebee’s restaurant chains became a traditional stop for millions of American families seeking a feast.

But casual dining restaurants began to lose their appeal for millennial-generation foodies, and in 2016, Applebee’s…


L.A. Times – Business

TMZ

French Montana Smells Success in the Fragrance Biz

February 12, 2018 |

French Montana smells a chance to cash in on his name with all kinds of products … particularly perfume. French filed docs, obtained by TMZ, seeking to trademark his name for commerce in the health and beauty market. French says he wants to…

TMZ.com

PR: Gaming Ecosystem IQeon Anticipates ICO Success as Pre ICO Raised Significant Sum

February 1, 2018 |

Gaming Ecosystem IQeon ICO

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

After two preICOs that were a huge success for IQeon, the team is getting closer to the main token crowdsale. IQeon managed to raise the target sum during their first preICO ($ 1,165,000.00) and even closed it a couple of days before the official closing day. Many inquiries for investment brought to life the additional preICO, which was very flourishing as well.

That’s not a secret why the project is getting so much attention and is capable of getting the profound investment from institutions and individuals. IQeon is a revolutionary platform where players could earn on their gaming achievements and organize PvP bets on literally everything, starting from challenges on “I dare to..” and ending with bets on the results of any game existing on the Internet. This particular option is provided by the open API of IQeon gaming ecosystem.

The Blockchain technology backing up IQeon guarantees the protection and safety of the cryptowallet integrated into the personal account of each player. The IQN stored there could be used in any game hosted by the platform and exchanged into any other cryptocurrency via the inbuilt exchanger.

The Main Round of IQeon ICO starts on January 30 and lasts until March 13, 2018. The number of tokens issued for sale is 6.5M and the token exchange rate is 325 IQN for 1 ETH. IQN could be bought with ETH and BTC.

IQeon management team provides the flexible system of discount during the Main Round of ICO.

January 30, bonus is 30%
January 31-February 7, bonus is 25%
February 8-15, bonus is 20%
February 16-23, bonus is 15%
February 24-March 3, bonus is 10%
March 4-13, bonus is 5%

IQeon team is doing all that is humanly possible to make the functionality claimed in the roadmap be introduced as soon as possible. At the same time, IQeon project is actively promoted at conferences worldwide (Moscow, Great Britain, Thailand, etc.).

Everyone is welcomed to participate in the main token crowdsale! For more details, visit IQeon official website or stay connected through social network channels.

Tartu mnt 83-205, Tallinn,
Estonia, Harju maakond,
10115
support@iqeon.io

Supporting Link
https://iqeon.io/?utm_source=newsbitcoincom&utm_medium=3

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Gaming Ecosystem IQeon Anticipates ICO Success as Pre ICO Raised Significant Sum appeared first on Bitcoin News.

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