Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.
Tron News
Launched in June 2018, Tron is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, Tezos, Cardano and EOS. The blockchain is secured through a delegated proof-of-stake system that sacrifices some degree of decentralization for speed and efficiency. The network is powered by its native protocol token, TRX, which is used for payments, miner rewards and voting.
The project’s reveal proved controversial when it was discovered that the white paper had been largely plagiarized, directly copying material from high-profile works such as Ethereum, the InterPlanetary File System, distributed hash tables, etc. Founder Justin Sun has claimed this was the fault of volunteer translators.
The Tron long-term roadmap consists of six phases that consecutively roll out new initiatives to provide P2P file sharing (now supported by Tron’s acquisition of BitTorrent), content creation, crowdfunding and gaming.
While most of Tron’s network activity is currently driven by gaming and gambling DApps, Sun’s strategic acquisitions clearly slot themselves within the roadmap, perhaps with the intention of accelerating development and adoption without building from nothing.
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Tether did not specify whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns.
8112The U.S.-based stablecoin issuer said it would discontinue minting USDC on the Tron network “to ensure that USDC remains trusted.”
9415Cointelegraph Research dives into TRON’s emerging use cases and ecosystem in new research report.
7829Solana took over XRP’s position in HKVAC’s top five cryptocurrencies global index, with AVAX replacing Tron amid market fluctuations in the past 30 days.
11984Solana is one of the biggest gainers over the past year after losing over 90% during the cryptocurrency bear market.
13444The Campaign for Accountability released a new open letter criticizing Circle’s Cross Chain Transfer Protocol.
3027According to an open letter published on Circle’s blog, the company has not provided services to Justin Sun since February.
6266Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
7747The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.
11164Google’s BigQuery added 11 new public data sets for blockchain networks, allowing users to obtain a variety of data from these networks.
5030The name HTX represents the exchange, the blockchain project Tron and the company’s 10th anniversary.
9862Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia.
20115Over 60% of USDT's supply is currently issued on the Tron blockchain, according to Tether data.
3848Bitcoin is about to close its worst-performing month since FTX collapsed, but a handful of altcoins posted noteworthy gains in May.
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