Showing posts with label tron. Show all posts
Showing posts with label tron. Show all posts

Smart contracts account for more than 60% of all Tron (TRX) transactions.

Tron (TRX) has seen a continuous increase in transaction volume and smart contract activity, with the latter accounting for more than 60% of all transactions on the Proof-of-Stake (PoS) blockchain.

At the time of publication, the total number of cumulative transactions was 2,940,311,757. 1,793,930,515 smart contracts were triggered out of this total. In other words, according to TRONSCAN's data analysis, smart contracts accounted for 61.01 percent of Tron transactions.


Notably, the number of smart contract transactions has gradually increased over time, paralleling the rising trend in the overall number of transactions. Smart contract transactions make up a considerable fraction of the overall number of cumulative transactions, despite the fact that it hasn't been followed as attentively as it was two years ago.

The price of Tron decreases, but not the level of optimism.

Tron's price was $0.06 at press time, down 1.5 percent from seven days ago and 5.59 percent from a month ago, according to CoinMarketCap statistics. On November 15, the TRX token was trading at $0.12 (97.99 percent higher than it is currently), while its all-time high was $0.22 on May 1, 2018.




TRON DAO revealed in a recent weekly report for the period of February 28 to March 6 that the total number of accounts on its blockchain had approached 80 million, and that the total value locked (TVL) on TRON had surpassed $8.3 billion.

At the same time, according to the blockchain, TRX became the world's fastest-growing public chain on March 4, with over 80 million total accounts and 2.9 billion total transactions. Tron was the third most purchased token on the Binance Smart Chain (BSC) as of December 11, according to Finbold, with an average 24-hour buy sum of $9.392 and an average token quantity of 103,648.

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Cardano and Tron are two of Vitalik Buterin's Twitter followers' favorite cryptos to overtake Ethereum.

Ethereum co-founder Vitalik Buterin has set up a pair of polls on Twitter, asking his followers which currency they would prefer if 80 percent of all transactions and savings in the year 2035 are in and it isn't ether. He gave them a list of cryptocurrencies to pick from, including bitcoin, cardano, solana, tron, and Binance coin.


Cryptocurrency Twitter Polls by Vitalik Buterin

Vitalik Buterin, co-founder of Ethereum, set up a pair of polls for the Ethereum community on Twitter on Thursday. "When you wake up in 2035, 80% of all global transactions and savings are in one currency that isn't ETH." "Would you want it to be one of the two?" He penned something.

The third-largest cryptocurrency, Binance coin, has a market worth of $83 billion, and is included in Buterin's second vote. Tron has a market worth of $7 billion, whereas Neo has a market cap of less than $2 billion.

People questioned Buterin's motives for posting such polls, the cryptocurrencies he included, whether votes were made by bots, and the likelihood that 80 percent of transactions will be in one currency, despite the fact that the Ethereum co-polls founder's appear to be fun and have received many comments and likes on social media.

Meanwhile, numerous others have pointed out that the results of Buterin's polls simply represent the popularity of specific cryptocurrencies among his followers and Twitter users, and that they have no influence on a cryptocurrency's popularity in the real world. Bank of America, however, believes that Solana could take market share away from Ethereum.

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Due to regulatory concerns, Etoro will limit Cardano and Tron services in the United States

Etoro, an Israeli-based trading website, has banned the trading of cardano and tron on its platform. Beginning in December, consumers in the United States will have limited access to these cryptocurrencies on the Etoro platform. These new restrictions, Etoro noted in a blog post, are the result of "business-related concerns in the shifting regulatory environment."



Cardano and Tron trading is restricted for Etoro customers in the United States.

For consumers situated in the United States, Etoro, one of the most major Israel-based trading companies, has restricted tron and cardano trading. The statement was issued on November 23 in a blog post informing clients of the platform constraints that will be imposed on certain assets. Beginning December 26, users will no longer be able to initiate positions in these cryptocurrencies, and they will no longer be able to stake these assets beginning December 21.

This, however, only applies to newly created roles. Existing positions must be maintained by users, however after the operation is closed, the payout (if any) will be executed in dollars. Positions in smart portfolios will also be transformed to personal positions so that the user can keep track of them. Etoro explained that it is taking these steps because of "business-related factors in the shifting regulatory environment." The company is most likely attempting to shield itself from the regulatory uncertainties that the bitcoin industry is currently experiencing in the United States.

Hoskinson responds

Etoro's surprising actions spurred Charles Hoskinson, the founder of Cardano, to retaliate. Hoskinson discussed the global regulatory uncertainty that cryptocurrency faces, particularly in the United States. Hoskinson had this to say about it:

It appears to be a risk control and policy modification for a specific European business, and liquidity for US participants was restricted.

At the same time, another European cryptocurrency exchange, Bitstamp, has announced that cardano would be supported on its platform. This would confirm Hoskinson's conclusion that Etoro's restriction is merely a one-off measure by a single platform, rather than a symptom of a broader trend of exclusion. Hoskinson further stressed that Etoro's decision would have no impact on the currency's liquidity in the market because it was a minor platform for the token.

Hoskinson also advocated for regulatory clarity, claiming that it would be the only way to resolve all of these issues. Justin Sun, the founder of Tron, on the other hand, has remained silent on the subject.

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