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.
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.
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 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
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 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.
“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 $0.024, down by 3.63% on the day, according to data from CoinMarketCap.
ABCC Exchange, a digital asset exchange, recently announced that it has partnered with TRON (TRX), the ninth largest cryptocurrency. The collaboration was first announced via a tweet posted yesterday from ABCC Exchange’s account.
As part of the agreement, the ABCC Exchange will become the first to support the TRON ecosystem and list tokens based on its TRC10 technical standard. Justin Sun, the founder and Chief Executive Officer (CEO) of TRON confirmed the tweet yesterday via Twitter.
The news comes just days after ABCC revealed that it was adding support for tokens that are based on both the TRC10 and TRC20 standards.
According to Tron’s guide for developers: “TRC-10 is a technical token standard supported by TRON Blockchain natively, without the TRON Virtual Machine (TVM). TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC-20.”
Back in December of last year, the CEO of TRON, Sun, announced via a tweet that he would build a fund to rescue Ethereum and EOS developers from what he called, the collapse of their respective platforms. Although, this will only happen if the developers migrate their decentralized apps to TRON.
#TRON will build a fund to rescue #ETH and #EOS developers from the collapse of their platform as long as those developers migrate their dapps to #TRON. #TRX$TRX
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 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.
“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.
Binance Assists Dutch Authorities in Exposing $30M Online Fraud
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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