TRON Main Net Release Scheduled for March 2018

Justin Sun announced that the first beta version of  Exodus will be launched on March 31 of 2018
24 January 2018   4986

As it was announced on January 24 in the official account of Justin Sun, the founder of TRON, its first beta version   Exodus will be released on March 31 of 2018 with UTXO-based trading models as one of the core functions.

  • UTXO-based trading models: history of transactions can be tracked through the public ledger, and UTXO boots concurrent processing capability and enhances network performance
  • PoS-based TBFT consensus mechanism: it adjusts the account takers of a transaction according to the speed and delay of the block allowing to reach over 1 thousand transactions per second 
  • Ultra-low fee transfer
  • TRON virtual machine (TVM): it should provide secure execution environment for smart contract byte-code
  • Smart contracts written in programming languages: they should be compiled into TVM byte-code with TRON compiler for high execution performance
  • Application BlockChain Interface: consensus engine and Blockchain state machine loosely-coupled architecture
  • Distributed network management and monitoring utilities: ability to visualize TRON operations and performance to easily track the status and potential risks

The launch of main net this time will be a vital node in TRON’s development history. But this won’t be an end. We believe in the three major values, which are also the foundation for Internet 4.0: trustworthy decentralized applications, block chain enabled smart contracts and digital values that everyone can access and distribute.

Justin Sun

Founder, TRON

At the moment of press, these are main market parameters of TRON:

  • Average price: $0,071419
  • Marketcap: $4 695 650 434
  • 24h volume: $434 049 000

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   115

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.