ABCC Exchange to be the First Platform to List TRC10 Tokens
- Justin Sun, the founder and CEO of TRON confirmed the partnership on Tuesday.
ABCC Exchange, a digital asset exchange, recently announced that it has partnered with TRON (TRX), the ninth largest cryptocurrency. The collaboration was first announced via a tweet posted yesterday from ABCC Exchange’s account.
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn
— ABCC Exchange (@ABCC_Exchange) January 15, 2019
As part of the agreement, the ABCC Exchange will become the first to support the TRON ecosystem and list tokens based on its TRC10 technical standard. Justin Sun, the founder and Chief Executive Officer (CEO) of TRON confirmed the tweet yesterday via Twitter.
#ABCC is the 1st exchange to support #TRON ecosystem and we expect more exchanges to come in 2019! #TRX $TRX https://t.co/XN3s6c7hf3
— Justin Sun (@justinsuntron) January 15, 2019
The news comes just days after ABCC revealed that it was adding support for tokens that are based on both the TRC10 and TRC20 standards.
According to Tron’s guide for developers: “TRC-10 is a technical token standard supported by TRON Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term natively, without the TRON Virtual Machine (TVM). TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC-20.”
Back in December of last year, the CEO of TRON, Sun, announced via a tweet that he would build a fund to rescue Ethereum and EOS developers from what he called, the collapse of their respective platforms. Although, this will only happen if the developers migrate their decentralized apps to TRON.
#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX
— Justin Sun (@justinsuntron) December 7, 2018
Former BitTorrent CSO believes TRON is in over its head
However, the former chief strategy officer (CSO) of BitTorrent, Simon Morris, has recently expressed his doubts as to whether the TRON blockchain can handle the transaction volume that the popular file-sharing platform will demand in an interview with Breaker Magazine.
Morris was the CSO of BitTorrent up until it was acquired by TRON last year. While working at BitTorrent, Morris shared that when he was the CSO, his team discovered that Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term had the potential to make a platform run significantly faster. While he believes that TRON is trying to implement a similar concept, Morris thinks there’s “no way” the capacity of its network would be sufficient.
Simon Morris
Source: LinkedIn
“The transactional capacity we were looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally destroy it,” Morris said.
At press time, TRX’s average trading volume is around $1.63 billion. The coin is now trading at $0.024, down by 3.63% on the day, according to data from CoinMarketCap.
ABCC Exchange, a digital asset exchange, recently announced that it has partnered with TRON (TRX), the ninth largest cryptocurrency. The collaboration was first announced via a tweet posted yesterday from ABCC Exchange’s account.
We are excited to announce our partnership with @Tronfoundation ahead of #niTROn2019! @Justinsuntron#ABCC is the 1st exchange that will list #TRX 10 tokens - We are one of the top exchanges with great security and user interface. Stay tuned! #Blockchain mass adoption is coming pic.twitter.com/8T5mcgB9jn
— ABCC Exchange (@ABCC_Exchange) January 15, 2019
As part of the agreement, the ABCC Exchange will become the first to support the TRON ecosystem and list tokens based on its TRC10 technical standard. Justin Sun, the founder and Chief Executive Officer (CEO) of TRON confirmed the tweet yesterday via Twitter.
#ABCC is the 1st exchange to support #TRON ecosystem and we expect more exchanges to come in 2019! #TRX $TRX https://t.co/XN3s6c7hf3
— Justin Sun (@justinsuntron) January 15, 2019
The news comes just days after ABCC revealed that it was adding support for tokens that are based on both the TRC10 and TRC20 standards.
According to Tron’s guide for developers: “TRC-10 is a technical token standard supported by TRON Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term natively, without the TRON Virtual Machine (TVM). TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC-20.”
Back in December of last year, the CEO of TRON, Sun, announced via a tweet that he would build a fund to rescue Ethereum and EOS developers from what he called, the collapse of their respective platforms. Although, this will only happen if the developers migrate their decentralized apps to TRON.
#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX $TRX
— Justin Sun (@justinsuntron) December 7, 2018
Former BitTorrent CSO believes TRON is in over its head
However, the former chief strategy officer (CSO) of BitTorrent, Simon Morris, has recently expressed his doubts as to whether the TRON blockchain can handle the transaction volume that the popular file-sharing platform will demand in an interview with Breaker Magazine.
Morris was the CSO of BitTorrent up until it was acquired by TRON last year. While working at BitTorrent, Morris shared that when he was the CSO, his team discovered that Tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term had the potential to make a platform run significantly faster. While he believes that TRON is trying to implement a similar concept, Morris thinks there’s “no way” the capacity of its network would be sufficient.
Simon Morris
Source: LinkedIn
“The transactional capacity we were looking at was needing hundreds of transactions a second just to get started. It’s simply not there. You hear all the bullshit out there, oh, this does 10,000 transactions a second. It’s all crap. We were going to melt Tron. Literally destroy it,” Morris said.
At press time, TRX’s average trading volume is around $1.63 billion. The coin is now trading at $0.024, down by 3.63% on the day, according to data from CoinMarketCap.