The decentralized application (dApp) platform Tron, officially announced the expansion plan for the second layer scalability solution. The Sun Network is set to launch in late May according to the latest cryptocurrency news from the foundation.
According to the press release published on Monday, the network’s testnet will launch somewhere at the end of May. The Sun Network expansion includes developing multiple dapp sidechains and cross-chains as well. The second layer protocol should increase the capacity of Tron’s network. It should also allow decentralized applications to run with very little energy consumption and high security.
During the first level of expansion, starting from May 30, Tron will mostly focus on launching a sidechain for its smart contracts. The initial launch of the Sun Network mainnet is set for August 10. The official launch should increase the characteristics of decentralization and security much further.
At the end of September, Tron has some more plans. The foundation plans to launch an improving optimization process for making it more simple to use the network. This phase should also facilitate eased deployment of the sidechains.
Just a few days ago, the founder and CEO of Tron-Justin Sun, attended the crypto Chick podcast. While he was talking, he pointed out that the ecosystem of Tron will collaborate with the Ethereum (ETH) network later this year. However, he was very shy about the details. While speaking on the podcast, Sun also noted that Tether (USDT), which is a Tron-based stablecoin will launch on April 9. The Tron-based stablecoin will allow for cheaper and quicker transactions that Bitcoin (BTC)-based Omni protocol ever did.
At the start of the month, the Tron Foundation urged developers to remove all of the gambling dApps from the Japanese market in order to be compliant with local regulations. Gambling is prohibited in Japan, according to the Japanese criminal code. The foundation thus urged the developers not to launch any new dapps on the Tron network related to gambling.
Ripple Is Selling XRP At Discount To Institutional Buyers
“We would hypothetically have restrictions about what they can sell and how often, and usually those are based upon volume in the market,” Garlinghouse noted.He also talked about the price at which XRP is sold, being featured in the coming altcoin news for his unique response to the interviewer's question:
CNN asked "So you might give them it slightly cheaper but you say to them, ‘hey, you’re not allowed to sell it for six months, let’s say, or a year’,” on which the CEO of ripple replied “Correct, that’s basically correct,” even though the rest of his statement was cut off.Also, the CNN interviewer asked Garlinghouse about the proportion of ownership that Ripple has currently, as well as its amount of power and ability to control the price. The CEO replied that Ripple is still the largest owner in the XRP community and that they would never dump XRP which would go "against their best interest." Garlinghouse also said that the team has "taken steps to lock up most of the XRP we own in escrow, so that we can’t touch it.” https://twitter.com/jchatterleyCNN/status/1172151590763016193 What's also interesting is the fact that in August, the CEO of Ripple has confirmed that Ripple hasn't increased - but instead decreased its sales by volume Q/Q and since then, the inflation rate of XRP and the circulating supply has been lower than the one of BTC and ETH. In value, sales for Ripple increased by 48% which is probably another reason why Ripple is selling XRP with a discounts - to trigger further growth. In either case, the company confirmed that it "plans to take a more conservative approach to XRP sales" in Q3 this year. The interview was featured on many best cryptocurrency news sites.
Square Cash App Is Testing A New Stock Trading Feature: Report
“Just from a business perspective, we don’t look like an Internet company today. An Internet company can launch something and it’s available around the world. Whereas with payments, you have to go to each market and pay attention to regulators. You need a partnership with a local bank. This is a very slow process in any new market.”The new announcement about stock trading features on the Square Cash App has been well received by the crypto community.
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Ethereum Classic Successfully Implemented Its Atlantis Hard Fork
“Congratulations @eth_classic on the successful activation of the Atlantis Hardfork! Was one of the longest debates to reach consensus along with a lot of the immutability politics Learned a lot about the beauty of decentralization and a distributed community.”As such, Ethereum Classic successfully performed the Atlantis hard fork in accordance with the previously estimated time - between September 12 and 13 this year - at block height 8,772,000. The ETC Labs team was also featured in the altcoin news this June for stating:
“The community has had a number of meetings to discuss timing, scope and involvement, and we have decided on the direction and timing of the Atlantis release.”The Ethereum Classic is meant to improve security while taking into account the community's concerns. It is also considered as a no-rush update which will ensure the compatibility of ETC with Ethereum, which will make it easier to collaborate with sibling blockchains. As many news sites reported in June, Ethereum Classic successfully planned on the entire hard fork. The developers and contributors considered putting the hard fork at block number 8.75 million, predicting it to run on September 15. However, ETC Labs moved to increase the block number so that it would have the projected update during the week, in times when more involved parties are more likely to be present to discover and deal with issues which may arise. Following the announcement, Ethereum Classic successfully launched the hard fork and received support from a lot of industry players. It seems like ETC Is in the focus of the coming altcoin news. Yesterday, the cryptocurrency trading platform Bitfinex announced that it will support Atlantis as well.
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