Recently, BitTorrent (BTT) landed on BikiCoin trading platform and opened BTT/USDT trading pairs.
BikiCoin, founded in June 2018 and registered in Singapore, is a global digital currency trading service provider. BikiCoin has a strong technical team and operation team, dedicated to creating the safest, stable and efficient digital currency trading platform for global users. At present, BikiCoin has supported Chinese, British and other multi-national languages, serving nearly 100 countries and regions of global users.
Golden Finance: Generally speaking, what is the difference between this upgrade and the previous upgrade?
Sun Yuchen: This upgrade of the main network is a major upgrade of the Tron since December last year. The main purpose of the previous upgrades is to establish a network. This upgrade is the first major improvement of the network performance. I think the greatest benefit for the future is mainly two points: first, the network performance has been greatly improved, and second, paving the way for the institutes to enter the Tron.
Golden Finance: We see that there are six major improvements in this upgrade. You specifically emphasize multiple signatures. Can you focus on our interpretation and the changes it brings?
Sun Yuchen: Multi-signature is very important for institutional investors and high net value investors, because institutional investors tend to keep encrypted currency assets institutionalized, and need multiple people and multiple processes to manage them. Because multi-signature makes it possible to manage encrypted currency multi-signatures. It can be said that without multi-signature, there will be no institutional investors.
Golden Finance: Does the progress of cooperation with BitGo benefit from the improvement of multiple signatures? Can you talk about cooperation with BitGo?
Sun Yuchen: Indeed, BitGo is the world’s largest provider of encrypted money custody services. At present, they have added TRON to their support sequence, paving the way for TRON to gain global institutional investors and high net worth investors. For BitGo’s support of TRON, adding multiple signatures is one of the preconditions, otherwise institutional investors can not be trusted.
Similarly upgrade the TRON and upgrade the super-etheric square
Golden Finance: Is this the biggest news in the past six months? Look at the interaction on Twitter. So what are the visual effects of Dapp that we are concerned about? Can you give us an example of Dapp’s image?
Sun Yuchen: The promotion of Dapp is also tremendous. Network performance, block broadcasting and resource utilization efficiency will be significantly improved, with a range of 50%. At that time, we foresee the outbreak of Dapp ecology. At the same time, the dynamic adjustment mechanism of energy ceiling can also make the energy use in TRON network more efficient.
Golden Finance and Economics: Etaifang is also a hard bifurcation at almost the same time. How to comment on the upgrade of the main network?
Sun Yuchen: This upgrade of ETF paves the way for the transformation of POS in the future. Of course, it is very critical for ETF itself. But for performance, it is still a minor patch. The performance level improvement is far worse than TRON. At the same time, ETF still can not support multiple signatures. It can only be achieved through intelligent contracts, but it is full of risks.
The latest news, TRON (TRX) launched the Delta Direct platform today.
Delta Direct provides users with trusted, transparent and leading digital currency information. Delta is a digital currency portfolio application that tracks all cryptocurrencies, including Bitcoin, Ethereum, Litecoin and over 2,000 currencies. Delta can get the latest token prices and market charts for local currencies.
This event was originally famous abroad, that is, 100,000 Satoshi were transmitted through the lightning network. But with the torch of trust passed to the Binance founder Zhao Changpeng and the founder of Tron Justin Sun. The lightning network trust torch relay activities in China got popular.
13rd Feb., Justin Sun received the torch of trust to Erik, CEO of shapeshift. Also Sun started another torch activity that he donoated 250,000 USD to ALS, Renée Zellweger, Courteney Cox also attended the event.
So, what is lightning torch activity and why is it popular?
Let’s first understand what a lightning network is. According to Wikipedia, Lightning Network is a second-tier payment protocol that works on the blockchain (mainly for Bitcoin). It is designed to enable instant transactions between both parties, while trading frequency is limited by its capacity on blockchain.
To put it simply, the Lightning Network is a solution that the Bitcoin development team felt when Bitcoin’s transaction fees were too expensive. It would enable Bitcoin’s instant transactions without having to wait too long on the congested main network. The team waited for the miners to pack, and the Lightning Network will provide a smoother channel for these transactions, allowing these transactions to be paid for zero transaction fees. And the transaction speed is no less than the fast payment of WeChat and Alipay.
Hodlonaut” on Twitter
The lightning network is so powerful that it draws the attention of a full-time Bitcoin enthusiast named “Hodlonaut” on Twitter. Hodlonaut has been thinking about the philosophy of Bitcoin, and the lightning network has made Hodlonaut impressed.
On January 19, 2019, Hodlonaut launched the “Lightning Torch” relay on Twitter. He sent 100,000 Satoshi Bitcoin to a random responder in his post through the Lightning Network, and hoped that this person would continue to pass on” The Lightning Torch.
The rule of delivery is that each new torchbearer will receive the sum of the Satoshi (the sum of the Satoshi sent by all the torchbearers who passed the torch) received by the last torchbearer. The new torchbearer needs to add 10,000 new Satoshi (equivalent to RMB 2) can be passed to the next torchbearer.
As of now, according to incomplete statistics, “Lightning Torch” has been delivered to more than 39 countries, 188 times. Participants include Twitter CEO Jack Dorsey, the world’s first Bitcoin project investor Roger Ver.”Master Bits” Andreas Antonopoulos, author of Lightning Labs, Joost Jager, and so on. Someone in the middle kept the bitcoin because of greed, but fortunately someone took out the equivalent amount of bitcoin and continued the activity.
In just one month, the “Lightning Torch” has been successfully transmitted to China, and the influence of Lightning Network Trust Torch Relay is self-evident.
Bitcoin was born in 2009. Now ten years later, the underlying technology blockchain of Bitcoin has been paid more and more attention. The decentralized payment characteristics of Bitcoin have also begun to be concerned by various countries. This lightning network trust torch The transfer event has once again made the world’s people see the hope of decentralized technology. More importantly, if there is no support between people, this activity will not be carried out today.
The development of technology can reflect the progress of mankind. When people can respect and face new technologies on their own, there will be more possibilities in this world. The lightning network trusts the torch relay activity, and it is wonderful to discover another world inadvertently.
Justin Sun said that 100,000 yuan is the compensation for Zhao Yu’s detention and the living allowance for his family. He also hopes to encourage and increase social confidence. Justin Sun has repeatedly voiced: If Zhao Yu is to bear criminal responsibility, he is willing to provide 10 million support.
Justin Sun said on Weibo:
Mr. Zhao Yu, who is brave in his righteousness, also needs our courage.
This funding is not only for the sake of justice, but also saves hero from bleeding and crying. The results of society and life are often not satisfactory, but we can always achieve our innocence through our own efforts.
Life is still long, and Zhao Yu and his family will always be good and good in the future!
Zhao Yu expressed his gratitude:
I received a selfless donation from Justin Sun, a caring person. Mr. Sun came forward at a crucial moment and I was very touched.
On behalf of me and my family, I sincerely thank Mr. Sun for his righteous deeds. At the same time, I would also like to thank the people from all walks of life who have been greeting and caring for me during this time. I feel the full positive energy.
Thanks to Mr. Sun and other caring people!
Netizens praised that it was so great to praise the good deed.
Netizen A ： Let’s encourage people to do good deeds.
Netizen B： Good people attracts each other.
Netizen C：I support Justin Sun！
Netizen D：It warms me up.
Netizen E：You deserve wealth.
The case report was released
A few days ago, Fuzhou boy Zhao Yu issued a request for help on Weibo, saying that he was prevented his neighbor from being raped and had physical conflict with the perpetrator. However, he was detained for 13 days on suspicion of “intentional injury.” (Event review:) On February 20, the Jinan Branch of the Fuzhou Municipal Public Security Bureau handed Zhao Yu to the People’s Procuratorate of Jin’an District for the crime of causing serious injury.
@Fuzhou Police The case report was released in the early morning of February 21, and the case was announced. The Fuzhou police reported that the prosecution believed that Zhao Yu had acted to stop the unlawful infringement, and to encourage Zhao Yu to make a decision not to prosecute.
On February 22, at 1 o’clock in the morning, at Zhao Yu’s home, two attorneys, Fan Chen, Bai Feiyun and Zhao Yu, jointly received the “Decision for Release from Detaining” and the “Decision for Returning Guarantee Deposit” served by the Jinan Branch. This means that Zhao Yu obtained complete freedom in the legal sense.
Tron and Ethereum have been competing in the Dapps and user for a long time.But just a few days ago, Tron officially defeated Ethereum and became the world’s leading platform for Dapps’ total users and active users. On February 18th, Tron founder Justin Sun posted the news on his Twitter page.
According to statistics from DappReview (blockchain ranking platform).Tron’s total number of users of Dapps was 267,000 in the past two months. The highest in the same period; followed by EOS (197,000) and Ethereum (151,000). In addition, Tron has the largest number of active users, reaching 16,236. While the number of active users in EOS and Ethereum is 13,845 and 2,133 respectively.
Justin Sun is excited about his achievements in his career. Last year, it has been said that Tron’s main goal is to surpass Ethereum in Dapps and smart contracts. To achieve this goal, Tron has undertaken a number of initiatives, such as the acquisition of BitTorrent (bitstream). Launching multiple projects and working with several major companies in the industry.
A large number of followers
With great publicity on Twitter and other channels, Justin Sun has won a large number of followers. Recently, its Twitter fans have clearly surpassed the Ethereum founder Vitalik Buterin. It is reported that the next major move Tron will implement will be to surpass Ethereum’s smart contract deployment.
Even if Ethereum wants to beat Tron again, it’s not easy, because Tron has developed several plans this year. Ethereum will have to work hard because it lags behind Tron in propaganda and other aspects, and that’s what Tron is doing.
Another advantage that Ethereum will receive is the upcoming Constantinople upgrade plan at the end of February this year, and the current price hike of ETH is likely to be based on this. This year has just begun, so Ethereum has the opportunity to regain its leading position in Dapps and smart contracts from Tron. let us wait and see!
Tron (TRX)’s DApp TRONbet is leading other DApps in the cryptocurrency space after seeing the highest volume last week. TRONbet saw over $36M (1.5B TRX) last week, scaling ahead of all Ethereum and EOS DApps.
As we write, accoding to DApp Review TRONbet is leading other DApps in terms of daily transaction. TRONbet has seen around 2,881 users, 382,713 transactions, and 289million TRX (over $6 million) transaction volume in the last 24 hours.
Beyond that, TRONbet has seen over 2 million transactions and more than 1 billion TRX volume in the last 7 days.
In the past, Tron DApps have been widely celebrated for their unmatched performances. As soon as the blockchain technology launched its mainnet, Justin Sun, the CEO of Tron Foundation and Founder of Tron, had a prediction. He predicted that Tron DApps will outperform Ethereum and that developers will depart Ethereum network for Tron’s.
The predictions begin to manifest the moment Tron put incentives forward to Ethereum developers. After the network boast of fast speed among other important functions available to developers on the network.
A government agency in China has rated TRON as the second-best crypto asset in the world behind EOS. TRON is the third largest decentralized application (Dapp)-focused crypto project.
The agency is the Center for Information and Industry Development (CCID) under China’s Ministry of Industry and Information Technology. It rated TRON highly in several categories including applicability and technology.
While TRON secured 96.8 points in technology and 24.6 points in applicability. Ethereum, the most valuable smart contracts protocol in the global market, fell short at 73.8 points in technology and 29 points in applicability.
WHY IS TRON SO HIGHLY RATED?
Since October 2018, within four months, the daily transaction volume of the TRON blockchain network has increased. The increasing is from 130,000 transactions per day to 1.7 million transactions by over ten-fold.
The TRON blockchain network is able to maintain a large transaction capacity. That is due to the structure of the network that relies on a group of nodes called Super Representatives that play a vital role in TRON’s Delegated Proof of Stake (DPOS) consensus mechanism.
Ethereum or Bitcoin rely on the Proof of Work (PoW) consensus algorithm which requires miners to verify transactions by using electricity and ASIC miners. However, blockchain networks like TRON and EOS are more dependent on a certain group of nodes or network representatives voted by other nodes.
There exists a tradeoff between decentralization and scalability in blockchain development. For a blockchain network to achieve high transaction capacity in a short period of time without second-layer scaling solutions, it has to compromise on the level of decentralization on its network.
The common criticism against EOS and TRON is the relatively low level of decentralization in contrast to Ethereum or Bitcoin.
Previously, Ethereum co-creator Vitalik Buterin said about transactions per second (TPS)-focused blockchain projects:
“When a blockchain project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.’”
With that said, the upside of operating a scalability-focused blockchain network is the ability to attract DApps and developers with favorable data-processing environments.
TRON campared to ETH and EOS
According to Justin Sun, the founder and CEO of TRON, the blockchain network recently surpassed both Ethereum and EOS in the total number of new users at over 164,000.
As Dapp.com previously reported. TRON has been aggressively promoting its Dapp ecosystem with a large budget to accommodate developers and projects.
In a 2018 report, Dapp.com researchers revealed that the project has spent $100 million on TronArcade. And has launched a $2 billion initiative called Project Genesis to grow its Dapp market.
“TRON is the most ambitious in the dapp field, with a $2 billion Project Genesis launched in the second half of the year. In addition, it spends $100 million on TronArcade to promote its dapp ecosystem,” the report read.
China’s Ministry of Industry and the CCID have shown their preference of scalability-focused blockchain projects in the past several months. It is likely that TRON’s active user base, large transaction capacity. And the rapidly growing number of Dapps appealed to the government.
TRON EXPECTS ACCELERATED GROWTH
TRON CEO Justin Sun had an interview with Huoxing. He believes that in the months to come, the crypto market has achieved a bottom and it could lead to an increase in the adoption of the blockchain by Lightning Network and BitTorrent users.
I think it has already hit the bottom, and the bear market is over…
For this year, I think Bitcoin will fluctuate between $3,000 and $5,000. The opportunities for market breakthroughs this year include the explosion of the DApp ecosystem, the large-scale application of the Lightning Network, and the three major opportunities for BitTorrent’s 100 million users to enter the cryptocurrency market.
In 2018, Vena Network and the entire blockchain industry experienced ups and downs, from bull market to bear market. The prosperous grand scene is already the pas. The entire industry is undergoing a transition from a rich fantasy to a touchstone.
Some people turned and left to find the next way to circle money; some people exhausted their wings and suddenly retired. Of course, some people are facing the cold winter, concentrating on research, and working hard . They determined to wait for the dawn of the future in the night.
Vena Network is such a night watchman. In the fierce changes, Vena Network has moved forward. When looking back, the past are both milestones in the past and the inspiration for the future.
The Team：step by step, working on TRON
When the Vena Network was first built, it was a matter of doing things and landing the scene as its goal and principle. Not rushing to issue tokens, repeatedly polishing white papers. First landing application scenarios, such attitudes have also been highly recognized by blockchain investment institutions. The 2 exchanges (KuCoin and Digifinex), LD Capital, and Consensus Labs, etc. became the 13 cornerstone investors of the Vena Network. They gave the Vena Network a solid step.
With the development of TRON, Vena Network discovered the potential of the TRON in time and actively participated in the construction of the TRON ecology. There is no doubt that 2018 is the “first year of the public chain.” TRON, as the top 10 public market capitalization, is attracting more and more developers. In the course of the cooperation between Vena Network and TRON, two products were online, including VenaBao, a wealth management product based on TRON, and VenaPi, the first entry of the TRON ecology.
VenaBao is a wealth management product developed by VENA team based on energy loan leasing for C-end users. Currently, it supports USDT and TRX financial solutions. At present, more than 5,000,000 TRX has been pledged through the VenaBao. VenaBao provides users with 7-day to 365-day loan products, and selects the well-known “Knownsec” to cooperate in the industry for digital asset security. 5% to 24% of annualized earnings are a solid asset value-adding solution for users.
As one of the biggest ecological entrances of TRON, VenaPi has achieved even more outstanding results. The actual transaction volume in three weeks has exceeded 40,000,000 TRX. More than ten DApp applications have been selected VenaPi for their first launch. In the various DApps that have been launched, there are wave field TRON head applications such as HashDice, which first supports VENA Token mining. The product has a flow of over 30,000,000 TRX for half a month. There are also several applications that are deeply bound to VenaPi, which has gradually been recognized by more developers.
The Token：from ICO to Exchanges
From November 5th to 15th, 2018, VENA Token’s ICO was opened as scheduled, and eventually reached the soft cap. After VenaPi was online, the TRON head application HashDice announced support for VENA Token for betting.
In order to meet the user’s demand for VENA Token’s liquidity, VENA Token landed on the Lbank exchange on January 14 . It landed on the ABCC exchange on January 25. Users are free to trade VENA Token on the two exchanges. After VENA Token landed on the ABCC exchange, it reached a 68% increase in a short period of time, demonstrating the advantages of VENA Token in all aspects.
2018 has passed, and it can be foreseen that 2019 will not be a calm year. The challenges and opportunities are at the same time, it will not become easier, but the Vena Network is ready to chase the blockchain world further away on the basis of the 2018.
In 2019, let us continue to work together and start the journey!
If you are satisfied with VenaPi, why not invite your friend to try? By inviting your friend, you can also earn VENA, the official token of VenaPi, which can be used to play HashDice in VenaPi, and VENA can be transacted on two exchanges, LBank & ABCC.
To invite, you all need to register first. Turn to the “Me” page. Sign up with your email or mobile phone number.
After that, turn back to “Me” page and click “Invite Friends”，then you will see your exclusive download QR code.
You can share the QR code, let your friends download VenaPi through the code, and you can get candy. If your friend is not used to QR code, you can scan the code and get the url, and your friend can download through the url.
After a successful invitation, you will get the bonus of VENA. You can withdraw your VENA to your VenaPi wallet, with the following steps: