The TRON network experiences increased bot activity made possible by the very protocol for producing the TRX blocks through Sugar Delegates as we are about to read in the TRON news below.
The TRON network showed the statistics compared to Ethereum and EOS and multiple accounts the new distributed apps and activity is picking up and these seem to be an indicator for one of the most robust crypto ecosystems. The new analysis shows that the increased activity of TRON distributed apps may be the result of the deployed bots. The team discovered:
“Analyzing the Top 10 gambling Tron DApp transactions in Q1 2019, we have determined that blockchain bots contribute to 30.7% of unique accounts and 19.3% of transactions.’’
The study also discovered that the bot activity is not evenly distributed and affects only some of the apps. The TRON dapps showed almost no bot activity and currently, the top dApp on TRON is 888TRON which is a gambling and gaming offer. The second dapps is BeeHive which was marked as a high-risk and WINk as well. The top dApps have thousands of users per day. According to TronScan the network has about 3.76 million unique accounts which are constantly growing over the past year and the research confirms that there is a suspicion that not all account creation is organic.
In the third quarter of 2019, the TRON network reportedly added 500,000 users of its mainnet based on the latest Dapp report. The network is yet to overtake Ethereum since its dapps have a specific profile and most of them are for various forms of gambling. Tron added the WINk token and a prominent gambling app which increased to extraordinary activity. The gambling apps also show increased growth of users in comparison to similar apps on the Etheruem network and one of the reasons is that the Ethereum dapps need constant gas payments while using the TRX tokens is free. Despite the increased activity as we can see in the blockchain news, the market price of TRX is slightly depressed. TRX slid to $0.015 with no signs of recovery. The price activity of the altcoin is yet to be seen in the upcoming recovery on the market.
TRON And Stellar Are Part Of A New Blockchain Education Alliance
“Universities need established experts in the space to help develop curriculum and projects — and Stellar, TRON, Hedera, ICON, Ontology, Wanchain, Harmony One, Nervos, Orbs, LTO Network, Emurgo, NEM, and ETC Labs are well positioned to share valuable knowledge. We have an opportunity to have a positive impact on how blockchain technology is introduced to students, which will result in more blockchain developers, more innovative research, and higher quality companies.”Tron and Stellar are now in the focus of the news for their potential of bringing more funding to students' activities and expand their educational opportunities in the field.The blockchain education initiative is seen as a major success already, supporting research and entrepreneurship in students. Before this, MouseBelt has launched a similar initiative in August at UC Davis, UC Los Angeles and UC Santa Barbara in order to support blockchain-focused education, too.
“We aim to help these universities become a driving force for innovation in the blockchain space, as well as provide students and researchers with the opportunity for both theoretical and industry experience,” Meredith said at the time.
TRON Is Dying As TRX Struggles To Find Bullish Support
‘’Tron saw a massive surge in tweet volume to ~500 daily tweets in June after Justin Sun’s announced lunch with Warren Buffet,” commented TIE. “Since June, tweet volumes have fallen by 59% and are approaching November 2017 lows as [the] price has fallen from a 12-month high of $.039 to $.016.’’While Sun issued a huge apology after the delaying of the lunch, it seems like TRON is dying because of the consequences. He stated that he excessively advertised the event and that his actions got out of control but for the traders, it seems like Bitcoin is far more attractive crypto with a market dominance of more than 70 percent as we learned in the latest cryptocurrency news.
Justin Sun Claims Getting TRON Listed On Major US Exchange Is Priority
“Yes. It is our #1 priority now. We will have a full team including me dedicated to this matter. We will get all these things done with #TRON speed!” Justin Sun said while responding to a tweet in which someone claimed that “big investors are very concerned.”https://twitter.com/justinsuntron/status/1159926292898299904Just like many other altcoins, Tron has been slowly bleeding out over the past month, mainly because of Bitcoin and its growing dominance over the aggregated crypto markets as the investors flee altcoins. As he said on many best cryptocurrency news sites, Justin Sun claims that Tron needs to be bigger and that the cryptocurrency will definitely do that.The bearish price action on the market continues and forces a lot of Tron investors out of the cryptocurrency. Unless BTC begins surrendering some of its dominance, it is very likely that Tron will continue facing a downwards pressure.
Tron And USDT Partnership Going Well-$1 Million In Bonuses Issued
“As of August 6, the total amount of TRC20-based USDT rewarded in 23 days was 712,478.662307 USDT and a total of 37175 accounts received the reward. According to the USDT price on Bitfinex, the total value of the reward in 23 days was equivalent to $715,027.02537.”With the scandals hovering around Tether, it seems very easy to explain why there are less than $1 million of the funds available and distributed so far. Tether is currently available on Bitcoin via the Omni Layer, Ethereum on the ERC-20 token and TRON as a TRC-20 token. The reserves of Tether have been called into question multiple times since a series of events lead to an admission that there could only be 74 percent backed by the USD.The ongoing scandals are still not resolved and they are surrounding a huge pile of cash that is invested into tether by the crypto investors since 2014. As we can read in the altcoin news, Justin Sun tweeted back on Wednesday about the subject. He even praised Chinese socialism and broke down the rumors that he was running away from Chinese authorities. He later apologized for canceling the lunch with Warren Buffett because of alleged kidney stone.
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