TRON’s First Beta Version — Exodus to be Launched

TRON’s First Beta Version — Exodus will be launched on March 31
19 February 2018   330

TRON, a decentralized content protocol on the basis of blockchain, officially announced on January 23 the latest progress of the project development, showing that the main network functions were all set and it will be launched on March 31.


During the R&D of main net, the company integrated the advantages of multiple blockchain systems and proposed and realized the following core functions:

  • With UTXO-based trading models, history transactions can be transparently tracked through the public ledger. UTXO boots concurrent processing capability and enhances network performance. Create the concept of transaction account that is in consistent with real-world application through abstraction based on UTXO technology.
  • Achieve over 1 thousand transactions per second with PoS-based TBFT consensus mechanism which adjusts the account takers of a transaction according to the speed and delay of the block.
  • Support ultra-low fee transfer (10e-6 TRX per transfer).
  • Provide a secure execution environment for smart contract byte-code with TRON virtual machine (TVM). TVM has following advantages: lightweight, fast loading, resource isolation, high scalability etc.
  • Support smart contracts written in programming languages such as Java. Compile them into TVM byte-code with TRON compiler for high execution performance.
  • Provide common ABCI (Application BlockChain Interface) with consensus engine and Blockchain state machine loosely-coupled architecture.
  • Provide distributed network management and monitoring utilities. Visualize TRON operations and performance to easily track the status and potential risks.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   117

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.