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TRON’s Founder Justin Sun Spent $20 Million On New Twitter Followers

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It seems that the man behind the legendary altcoin TRON, Justin Sun, is in the cryptocurrency news every single week. This week, we are seeing reports that show that Justin Sun has spent more than $20 million to supposedly gain the likes of new Twitter followers.

Sun has been bidding for even more recognition from the Twitter world by organizing an airdrop that is supposedly worth $20 million – which is not the reason he is giving things publicly.

As his recent tweet reads:

“To celebrate BitTorrent Token & Tether – TRON success, I am planning a USD 20 million free cash airdrop. Good news – it’s coming, bad news – I may decide to give away more! First, I will randomly pick 1 winner for a Tesla up until 3/27! To apply, follow me and RT this tweet! Simple!”

Obviously, the celebration might be the main reason for this giveaway. However, Justin Sun has been on the hunt for more followers on Twitter for a while, overtaking many project leaders behind some of the biggest altcoins in the top 20 . He has also paid big sums to promote his profile and was very delighted when he overtook Ethereum’s co-founder and main political figure Vitalik Buterin in terms of the follower count.

Ultimately, this giveaway may see Justin Sun reach the one million goal in terms of followers. Right now, Sun has around 950,000 followers which are increasing by the minute. Even though these followers don’t care much about his personal reasons, they are still in the loop.

As one Twitter user with a handle @SmokeyXBT wrote:

“Still not exactly sure how BTT was a success but as long as he gives away money I don’t care what his definition is.”

What is also interesting are the rules of the competition which are yet to be released. Even though many speculate that a single winner may take the $20 million USD worth in the airdrop, others claim that the winnings will be divided by some criteria.

Like him or not, Justin Sun is always doing his best to promote cryptocurrencies, promote TRON and in every single way get more followers to his work.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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Tron News

Ex Employees At TRON Sue Justin Sun For $15M Over Alleged Harassment

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Two ex employees at BitTorrent, which is the peer-to-peer torrent client acquired by Tron in 2018, have sued the founder of the cryptocurrency and CEO Justin Sun for alleged labor violations and harassment.Unsealed court documents filed in California on October 28 show that plaintiffs Lukasz Juraszek, 28, and Richard Hall, 50, are seeking $15 million in damages against Rainberry Inc. which is the legal operating entity for the Tron Foundation, Sun as well as his head of engineering Cong Li.The complaint for damages rests on claims of wrongful termination, racial discrimination, a hostile work environment, fraud and whistleblower retaliation, harassment and unfair employemnt practices which include labor code violations as well as unfair business practices.Hall was the product director at BitTorrent and the Tron Foundation for seven months until June 2019. On the other hand, Juraszek worked as a software engineer between February and August of the same year.As the Tron news now show, the 70-page lawsuit shows that both plaintiffs faced discrimination on the grounds of their Caucasian origins as well as their refusal to stay silent about their concerns as to the legality about the company's operations. This includes criminal violations of state and national statues which concern pirated copyright materials and child pornography.As per the documents, the ex employees at Tron faced hostility and retaliation due to the fact that neither "fit the profile."
“The kind of worker that defendant Justin Sun sought: an employee who was mainland Chinese, would not object or “rock the boat” when they saw actual or potential illegal activity [...] and who would work [...] from 9 a.m. to 9 p.m. daily, six days a week [...] without [...] voicing any concerns about illegal, unethical, immoral or unscrupulous business activities."
Juraszek now claims that he faced punitive treatment over his objections to the firm's activities. He said that the termination of his employment was mainly orchestrated by Li, with the latter advising Juraszek's supervisor to hold him to "impossibly high engineering standards" that he "could not possibly accomplish." Now, he claims that the pressure was little more than needed for his own objections to Rainberry's "sordid and unethical" business choices.Many cryptonews outlets tried to reach Sun for comment, but did not receive an immediate response as of press time.
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Tron News

TRON Will Soon Include Zcash-Based Privacy Features

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The team behind the TRON cryptocurrency recently outlined its plans for the future and as they said, Tron will soon feature zero knowledge-based privacy through the work of the TRONZ team - and a trusted setup ceremony is set to be conducted soon as well.As an official blog post by the team said in the Tron news today, the company aims to “set a new Guinness World Record" with this move.For those of you who don't know, TRONZ is basically a privacy initiative which is set to integrate Zk-SNARKs, the core privacy technology of Zcash (ZEC) in the Tron blockchain. Even though the team claims its implementation is the  “most efficient, and least resource-consuming privacy protocol in the world,” no further technical details were released.The TRONZ network is built with the "advancement of blockchain technology in mind" and as we reported many times before, the team is certain that TRON will rise in terms of its value as a network. Now, the TRONZ team claims that it has allegedly "developed and tested the privacy protocol on the Tron network." A mainnet release is set to occur soon, according to the post.The goal of TRONZ is to introduce the privacy protocol to Tron smart contracts and allow developers to introduce private data within them. In addition to this, the blockchain latest news today show that the team wants to offer a blockchain-based Multi-Party Computation (MPC) solution for private computing needs.The MPC technology is also designed to be used to conduct the trusted setup ceremony as it allows signers to safely participate in the creation of the parameters which are required for the setup. The inputs are split and each single participant does not reveal their secret to others during the parameter generation event, which can alleviate a lot of concerns of trusted setups.Tron will soon start all of this, and if we look the project's GitHub page we will see that a variety of repositories are directly "forked" or copied from the Zcash source code. This means that the majority of the privacy-related repositories (such as tron-zksnark, zksnark-java-sdk etc.) appear to have had no updates for several months.All of this implies that Tron will soon roll out the new update and while the team may have worked only on the original Tron repositories to integrate the privacy technology, their implementation of Zk-SNARKs appears to be almost entirely copied from Zcash. 
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EOS News

Tron Surpassed EOS In Number Of Active Dapps, Ethereum Remains First

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When the subject is the mainstream adoption of crypto and blockchain-based technology, one of the know ways to it is decentralized applications (DApps). It now seems that Tron surpassed EOS in the number of active dapps as we are reading in today’s Tron news.According to a new report, 2019 has experienced a big number of new DApps launching. More intriguingly is that TRON has succeeded in elevating to the position of the second most used platform for developers, surpassing EOS. But Ethereum remains the undisputed champion in the league.A new report from DAppReview gives a new perspective on the state of DApps in 2019 and also a recapitulation on the subject of market evolution. In the previous year, there were 1,955 new DApps launched which brought their number above 4,000. It is intricating also that the decentralized content-sharing platform founded by Justin Sun, TRON surpassed EOS  by elevating itself to the second-largest blockchain in relation to DApp development.TRON had a hard time to surpass EOS, barley making it, with 637 DApps. But it is also interesting to note that the volume of transacted US dollars on the EOS network still remains vastly higher in comparison with that of TRON. The volume of transacted USD on EOS was 6.1 billion and the volume of transacted USD on TRON was 4.4 billion.The report also gives important data about the wholesome state of the market. The “Big Three” platforms in the DApp sphere, Ethereum, TRON, and EOS made 98.65% of the whole transaction volume in the previous year. Said differently, the remaining platforms have an irrelevant size of transaction volume which is proof for the established dominance in the sector.The previous year also experienced the breakthrough of innovations like Decentralized Finance (DeFi), Non-Fungible Tokens(NFTs) and blockchain-based games. Besides all of the aforementioned, there is one thing that remains the same and is unchanged at all. Ethereum is still the first platform in the decentralized app development and it looks like this will not be changed in the near future.Whatsoever, the team that leads the network is working on developing a solution for the issue of scalability with the transition from the now used Proof-of-Work consensus algorithm to Proof-of-Stake. It is thought-provoking to observe how this will impact the already existing challenges when it is finished.
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Ethereum News

Bitcoin Influencer Claims Tron (TRX) Will Overtake Ethereum (ETH)

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One major Bitcoin influencer and an independent developer named Udi Werthemeier recently talked about Bitcoin, Tron and PayPal - claiming that Tron has a potential to overtake Ethereum sometime in 2020.As the year 2019 came to a close, the Tron news show feature Wertheimer sharing a video on Twitter from the founder of Tron Justin Sun, who was announcing a new partnership with Poloniex.In it, Wertheimer expressed his confidence about Tron. The Bitcoin influencer noted that TRX has a chance to surpass ETH in the battle for decentralized app supremacy and said:
“Watching Justin Sun discussing Tron+Poloniex. Tron is *so* going to flippen Ethereum in the next year or so, it’s not even funny. All of the DeFi bois don’t realize it yet, but they’re going to work for Just when he acquires ConsenSys.”
A few years later, the Bitcoin influencer went in detail regarding why he thought Tron was more effective. He said:
“TRON: More blocks, more transactions, fast development, business acumen, more usecases, proven to be censorship resistant so far.ETHEREUM: Slow, inefficient, inflexible, development hell, complete lack of business skills, tyrants censoring whatever they dislike.”
Many analysts and commentators on Twitter followed the Tron and ETH news and speculated that Wertheimer was trolling Sun. The claims correlate with his Medium bio, which includes the word "troll" as a descriptor.Whether he was serious or not, Wertheimer continues to discuss the subject now. We can see this from a recent tweet which is featured below.https://twitter.com/udiWertheimer/status/1210701169263288320According to DappReview which is a company that tracks the performance of blockchain based decentralized applications and its report from mid-December, Ethereum remains the king of decentralized apps. This is contrary to what the Bitcoin influencer claimed.
“Ethereum remains the most significant smart contract blockchain. It grew the daily user base of its dapp ecosystem 118% in 2019, with daily value up 166%," the report reads. "Ethereum is also the only blockchain to-date to successfully grow dapps across the four main categories: DeFi, Exchanges, Games, and Gambling and High-Risk."
As for Tron and TRX, the data tracker says that the network's decentralized app ecosystem grew significantly (by 93%) but still “remains heavily concentrated in the Gambling and High-Risk categories.”
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