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   3173

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

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   29

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.