Have you heard anything about Alibaba, Jack Ma, Tim Draper, Ripple, JP Morgan? ..
Why am I asking this? Recently I discovered an interesting blockchain project from China. Since I have just returned from China, where I promoted innovative technologies, I was amazed by the scale of the changes taking place in the country and now my focus is primarily on this market.
So, the project is called Tron (www.tronlab.com
) and it has an ambitious goal that can not be described in two words. I'll try to list:
1) to replace game currencies with the project's crypto currency - Tronix (TRX). Unlike gaming currencies, this currency will be "real", it has real market value. What is the advantage? According to the idea, all projects connected to the Tron ecosystem will use the common currency Tronix or tokens based on the Tron protocol, which can be freely exchanged for Tronix (TRX). This will allow you to freely move assets between different games and applications.
Imagine, you played in Call of Duty, bought there weapons, then some amount left. Later you decide to play Fifa 201x. Move the existing TRX from Call of Duty to Fifa and buy Messi ;) Then go to the social network and buy a virtual gift to someone for the same TRX, open the online cinema and pay for the movie... And all this quickly, safely, conveniently.
2) integrate the TRX crypto currency into the online entertainment industry, which includes not only games, but also social networks, dating sites, etc. This will allow you to enter the premium group, vote for your favorite entries, present virtual gifts. And these are not just plans, but a working model. The first application, which integrates the TRX crypto currency, is Peiwo with an audience of 10 million users. For comparison, according to the evaluation of experts there are about 20 million Bitcoin owners in the world.
3) use its own mainnet blockchain and protocol for the online entertainment industry. At the moment, the TRX crypto currency is a token on the ERC20 protocol. What will it give? Companies will be able to conduct ICO on the basis of the Tron platform and protocol, which will lead to an increase in the value of TRX's internal crypto currency. One of the main disadvantages of Ethereum is the lack of a hard cap, that is why the system requires constant external funding to maintain the value of the ETH crypto currency. At the same time, the TRX has the same advantages as the ETH but has a hard cap of 100 000 000 000 TRX, with a circulation supply of 65 000 000 000. Many investors in crypto-currencies are concerned about such high circulation supply, but this has its advantages. First, the online games market alone exceeds 100 billion dollars. And this is only a small part of the online entertainment market. For example, in China I was surprised to see how pretty Chinese woman earned more than $ 50 in the form of tips just for eating her dinner on the air in the video-streaming app... And gamers who demonstrate in real time how to play DOTa earn several thousand dollars per month.
Thus, such a circulation supply even with the current development of online entertainment will quickly disperse and there will soon be an increased demand for TRX, which will lead to a steady increase in the price of TRX. For example, at the time of writing, TRX costs about $ 0.0024 (0.0000082ETH). If each user of the Peiwo application purchases 6500 TRX (which is only $ 15.6), then there will already be a deficit of tokens. But most importantly, among investors there are such people as Binshen Tang, the owner of the game Clash of Kings with an audience of 40 000 000 people.
Secondly, there are rumors that the Chinese authorities are considering the prohibition of buying and selling the fractions of cryptocurrencies, so you can not buy 0.5 BTC, but only 1, 2 ... BTC to limit the circulation of crypto-currencies. Such circulation supply of TRX will allow free trade on exchanges with these restrictions. In addition, it will allow you to carry out micropayments, such as watching a few minutes of a movie and pay some cents in TRX.
4) create a decentralized data warehouse based on p2p technologies. This means that the content will be the property of authors, not for example of such services as Facebook, Youtube or Google. In other words, users will pay to the authors directly. To date, the authors receive small earnings from the sale of advertising by these services. In addition, it will ensure the constant availability, permanence and reliability of the information, as it will be stored in the blockchain.
My experience of work with innovative technologies showed that the most important thing in the success of the project is his team. And with this, Tron is all right.
CEO of Tron Foundation is Justin Sun, the former representative of Bitcoin settlement platform Ripple in China. Ripple is now the third cryptocurrency by market cap after Bitcoin and Ethereum. It is used for transactions between banks, like SWIFT.
He was awarded by the next titles:
2015 Forbes China, 30 under 30
2017 Forbes Asia, 30 under 30
Davos Global Shaper in 2014
He founded Peiwo, an app aspiring to become China's Snapchat.
Justin Sun was the student of Jack Ma (Alibaba) at Hupan University. Now he is in the Tim Draper’s University.
Recently to a team of more than 60 people, including experts in p2p and blockchain technologies, joined the senior expert Lucien Chen from Alibaba and Tencent (Wechat app).
So, what about investors? Among them are:
- Binshen Tang, the owner of the game Clash of Kings with an audience of 40 million people
- Jihan Wu, CEO of Bitmain. Everyone who is familiar with Bitcoin mining knows well this name. Bitmain is the manufacturer of ASICs Antminers and one of the most powerful Bitcoin miner company in the world.
- Weixing Chen, the founder of Kuaidi (Chinese Uber)
- Linke Yang, founder of BTC China
Separately, it should be noted that Justin Sun is a protégé of Jack Ma and teaches a course about blockchain technology at his university. In addition, Jack Ma in his recent interview noted that in the future the society should be healthy and happy. Entertainment brings happiness, so it will be part of Alibaba's business.
There are also rumors that Tim Draper invested in Tron. Tim Draper was one of the first to invest in Tesla, Skype, Baidu (Chinese Google).
Lately Justin Sun tweeted that Fund that supported Ripple and some Hedge Funds invested in Tron Foundation.
And some background information.
ICO from Tron passed in several stages from the second half of August to the beginning of September. The price of 1 TRX during the ICO period was 0.00000488 ETH.
A few interesting facts about the ICO Tron. The stage that was held at the Binance exchange was successfully completed in 39 seconds!!! This heated the interest of investors and at the next stage, which was conducted on another site, the desire of investors to get tokens as quickly as possible led to a system’s crash, such a powerful was "ddos attack". In total, according to preliminary estimates, during the ICO about $ 60 million was raised.
Total supply of TRX is 100 000 000 000, circulation supply is 65 000 000 000. The number of decimals is 6. By coin market cap at present TRX is between the 30th and 40th place among all cryptocurrencies.
At the time of writing, TRX traded on the exchanges HitBTC, Liqui, Qryptos, EtherDelta. Some more exchanges on the way, one of which is Korean and another is Australian coolcoin.com. To see TRX in Etherdelta you have to choose to Add custom token and fill the next data:
Token Symbol: TRX
And the most pleasant thing is, until October 30, 2017, you can still buy TRX to get a free 10% airdrop after this date.
ASIC-powered mining occurred at block heights 819660, 820461, and 820801, Yu added. In the post, the former core developer revealed that the Grin ASIC miner weighs about 20 kg. Yu also noted that the miner’s efficiency may be further expanded by adjusting the cooling system. He wrote: Bitcoin Cash Kurs; Binance Kurs; Stellar Kurs; Cardano Kurs; TRON Kurs; Start Bitcoin Code: Test, Erfahrungen und Usermeinungen. Bitcoin Code: Test, Erfahrungen und Usermeinungen. Wer Finanznachrichten verfolgt, sieht es immer mal wieder: Interessante Ideen, die Anleger über Nacht reichmachen. Bestes Beispiel der letzten Zeit: Bitcoin. Hätte man vor 10 Jahren 20 Euro in Bitcoin investiert ... Bitcoin mining is an intriguing subject that can sometimes be overwhelming to understand at first without some research. One particular subject concerning the topic of mining is empty blocks, and ... Pandaminer, the Shenzhen-based Company, has been focusing on GPU mining since February 2016, the bitcoin asic is the latest attempt on expanding the company’s business boundaries. Initiated in last August, the P1 and P1+ miner was planned to be set at 14T and 18T, performance of which is equivalent to S9 of Bitmain. The ASIC chips is designed ... Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. <br>Aus finanzieller Sicht muss daher mittlerweile vom Bitcoin Mining abgeraten werden. Theoretisch ja, es lohnt sich in den meisten Fällen aber nicht. Die App ist sehr einfach gestaltet und somit super für Neueinsteiger geeignet. in Wirtschaftsinformatik mit Schwerpunkt auf asymetrische Kryptographie und M2M-Kommunikation. Mit unserem Testsieger wurden bereits gute Erfahrungen gemacht. Wir ... Following the recent market appreciation of Bitcoin, Ethereum has experienced a rebound in value surpassing USD 500. There is one word that describes the movements of cryptocurrency right now: bullish. Ethereum has experienced a 22.24% gain in just the past 24 hours, moving from USD 450 to USD 500 in quick succession.This means that Ethereum has currently gained 3.42% over Bitcoin. Hier stellt sich die Frage, ob man aufgrund einer dünnen Datenlage (seit 2015 fiel das Hash Rate Ribbon, das aktuelle Ergebnis eingeschlossen, lediglich sieben Mal unter Null) wirklich von einer Miner-Kapitulation sprechen kann. Von sechs bisherigen Ereignissen wirkten sich nur drei negative auf den Bitcoin-Kurs aus. Cooling will come in the form of fans or air conditioning, which again requires more power. With general power needs growing for an expanding population, there is a need to continue to develop more efficient production and distribution methods. Bitcoin mining is an expanding area as well. As per Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin’s current estimated energy consumption ... Retro Miner created a bitcoin miner with a 1985 NES and a Raspberry Pi. Lastly, another neat project is another incredibly slow miner built in 2013 out of a 1985 Nintendo Entertainment System (NES).
Lajkujte, komentujte, zdieľajte :) Binance: us.binance.com/?ref=18370308 Coinbase: https://www.coinbase.com/join/597338464d3af202b24f0281 (10$ zadarmo pri ná... https://www.binance.com/?ref=11330706 www.hashslingers.com Links to the components for my builds: 80/20 Inc 10 series T-slot aluminum http://amzn.to/2CVANyg ... 👇 Die wichtigsten Kryptoseiten in der Beschreibung 👇 Heute zeige ich euch meine Solarstrom Mining Farm. Solarpanel (300W): https://rover.ebay.com/rover/1/707... Chinese Fulijuntuan Miners launches new upgraded 7nm bitcoin mining machine the "Unicorn Titan". Support "SHA256 cryptocurrency mining, can be used for the mining of bitcoin and bitcoin cash. We are the largest Bitcoin investment group on the internet with over 90.000 members! Big Pump Signal-EVEN A SMALL FISH CAN BEAT A WHALE WHILE IN A STRONG GROUP. ASIC Antminer Bitcoin Bitcoin ... #bitcoin asic miner 2020 #bitcoin miner software 2020 #bitcoin miner android 2020 #bitcoin miner app 2020 #new bitcoin miner 2020 #most efficient bitcoin miner 2020 #most profitable bitcoin miner ... #bitcoin asic miner 2019 #bitcoin miner software 2019 #bitcoin miner android 2019 #bitcoin miner app 2019 #new bitcoin miner 2019 #most efficient bitcoin miner 2019 #most profitable bitcoin miner ... If you have an Asic miners here is Nicehash alternative pool with muli-coin auto-switching so you can pick the coin you would like to get paid out in! You can support my channel by using the links ... Join Coinbase. Buy $100 of Bitcoin, Ethereum, or Litecoin with US Dollars and we'll both get $10 FREE BITCOIN!https://www.coinbase.com/join/599ef536e5702300b...