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What Is Tron? Cryptocurrency's Budding Founder Justin Sun Wants To Change The Internet

What Is Tron? Cryptocurrency's Budding Founder Justin Sun Wants To Change The Internet

What Is Tron? Cryptocurrency's Budding Founder Justin Sun Wants To Change The Internet As the cryptocurrency craze continues, with Bitcoin leading the way, a slew of smaller, cheaper projects are emerging that investors are getting excited about. One is Tron, a coin that its Chinese founder hopes will challenge the worlds major content providers, such as Facebook and YouTube. According to its website, Tron (TRX) is a blockchain-based platform that seeks to decentralize the internet, or rather content-sharing on the internet, ensuring that artists, creatives, musicians, authoring can release their content without having to use a middle company, be it Amazon, YouTube, Apple, or Facebook. The digital currency was created by 26-year-old Justin Sun, a self-proclaimed proteg of Alibaba chief executive and billionaire Jack Ma. He has amassed 350,000 Twitter followers, promoting the coin to both its loyal followers and investors, as well as to the wider cryptocurrency community. Forbes listed him in its 30 under 30 for Asia in 2015 and he previously worked for another fledgling cryptocurrency, Ripple (XRP). The former University of Pennsylvania student is one of the most vocal crypto-founders on the platform, from hosting a one-hour livestream about the coin to announcing partnerships to announcements of a new San Francisco office to promoting a vote for the coin to be accepted by new digital exchanges. He has even engaged in a back-and-forth with the famous founder of Litecoin, one of the top four cryptocurrencies, Charlie Lee, on Twitter. Who Will Be Invited to Meghan Markle and Prince Harry's Wedding? The team behind Tron, now a top 15 cryptocurrency with a market cap of almost $6 billion, wants to take on Facebook, YouTube and Instagram. The Tron Foundation The currency to Continue reading >>

Beginner's Guide To Bitcoin - How The Cryptocurrency Works And How It Can Make You Gain Or Lose Money

Beginner's Guide To Bitcoin - How The Cryptocurrency Works And How It Can Make You Gain Or Lose Money

Beginners guide to Bitcoin how the cryptocurrency works and how it can make you gain or lose money Its value has increased 125,000-fold since 2010 and Julian Assange claims it has helped to bankroll him and Wikileaks. But experts cannot agree whether Bitcoin is the future or a bubble waiting to burst IT'S 2010 and you walk into your local Post Office, slap 75 on the counter and ask for your money back in dollars. The cashier hands you back $121.50 for your hard-earned pounds - $22 more than you would get back for the same transaction today. Bitcoin has taken the financial world by storm, but is the cryptocurrency a way to make easy money or a bubble waiting to burst? On that same day, if you had instead spent your 75 on a mysterious virtual currency named Bitcoin, you'd now be sitting on a pile of money worth 9.5MILLION. Indeed, since those early days, the online money has multiplied in value - give or take - 125,000 times over. Such is the investment value of Bitcoin , that Julian Assange claims it funded both him and Wikileaks when he was forced to invest in the currency as the result of US sanctions. And financial experts reckon its value could skyrocket even further in the next few years. So just how do you invest in the shadowy world of Bitcoin? Bitcoin became the world's first entirely virtual currency when it was introduced in January 2009. Users cannot c arry coins or notes and its value appears only as a number on a screen . It was created by a shadowy online account which went by the name Satoshi Nakamoto. New currency is created via a complex online process called mining which uses supercomputers to create new Bitcoins using complex computer code. In its early days, Bitcoin proved relatively worthless - with one notorious example seeing an early pioneer payi Continue reading >>

Justin Sun's Tron

Justin Sun's Tron "marketing Stunt" Draws Sharp Reply Form Vitalik Buterin

Justin Sun (@justinsuntron) April 6, 2018 While all of those statements are true, Tron is little more than a testnet right now. In fact, its testnet was only released a week ago. For a multi-billion dollar project, Tron had no working code for the public to play around with for several months. Ethereum, on the other hand, has been around for several years now and continues to improve. It is always easy to claim a new project is better when someone else laid all of the groundwork. While Ethereum is far from perfect, it is not on the same level as Tron. There is no point in comparing the two, as they are very different from one another. That doesnt mean they cant both succeed or fail in the long run. There is still plenty of work to be done for both teams. Although most people consider Vitalik Buterin to be always friendly, his Twitter remark was quite sharp. Rightfully so, in this regard, but still somewhat out of character. Buterin aptly pointed out how Tron is better at copying existing whitepapers compared to Ethereum. Not something to be proud of, although the Tron whitepaper will always remain a topic of debate. 8. Better white paper writing capability (Ctrl+C + Ctrl+V much higher efficiency than keyboard typing new content) Vitalik "Not giving away ETH" Buterin (@VitalikButerin) April 6, 2018 It is evident the concept of a working product will always trump words on paper. In this regard, Ethereum has been pretty solid for the past few years. Tron still has everything to prove, although their testnet seems to hold up quite well. A testnet is not the same as a live network with thousands of users. Additionally, it remains to be seen if Tron will ever be capable of testing its massive transaction throughput in a real-world scenario. At the same time, Tron is currentl Continue reading >>

Bitcoin: Cryptocurrency In Jeopardy

Bitcoin: Cryptocurrency In Jeopardy

MORE: Bitcoin has tax implications, experts warn A blockchain is an unchangeable, open register with all the transactions that have ever been made in the currency.Source:AP This discovery essentially makes ownership of Bitcoin illegal in more than 100 countries including Australia because of laws about the possession and distribution of child pornography. While the public ledger is meant to store financial information related to Bitcoin transactions, other information can also be inserted into the blockchain by users on the system. The data capacity on the Bitcoin blockchain is only 80 bytes, which is far too small to harbour many images, however its more than enough for links and pointers which is primarily what researches discovered. Since all blockchain data is downloaded and persistently stored by users, they are liable for any objectionable content added to the blockchain by others. Consequently, it would be illegal to participate in a blockchain-based [system] as soon as it contains illegal content, the paper added. There will inevitably be more developments in the Bitcoin scandal.Source:Bloomberg The revelation will inevitably come before legislators, with a defence likely to argue that links to illegal content should not be in the same league as illegal content alone, but given the severity of child pornography, it will prove to be a tough battle for Bitcoin and possibly other cryptocurrencies. Interpol actually identified the threat of illegal content being embedded in blockchain systems in 2015. They didnt find any malware files however discovered random information could be interspersed in Bitcoins public record. Continue reading >>

How To Use A Bitcoin Atm

How To Use A Bitcoin Atm

Bitcoinis the worlds first decentralized digital currency that can be transported anywhere as easily as email. Despite the wild price swings in Bitcoin trading worldwide, a number of South Florida businesses want to get in on the action. Bitstop owner Andrew Barnard listed the types of customers who use his Bitcoin ATM machines as senior citizens, white collar professionals, lawyers, and doctors. With Bitcoin, there are no transaction fees, no financial institutions as middlemen, and all dealings are private. Bitcoinis the worlds first decentralized digital currency that can be transported anywhere as easily as email. Despite the wild price swings in Bitcoin trading worldwide, a number of South Florida businesses want to get in on the action. Bitstop owner Andrew Barnard listed the types of customers who use his Bitcoin ATM machines as senior citizens, white collar professionals, lawyers, and doctors. With Bitcoin, there are no transaction fees, no financial institutions as middlemen, and all dealings are private. When Bitcoin burst upon the financial scene as the worlds inaugural cryptocurrency, there were few points of consumer access outside of exchanges dedicated to trading in the virtual currency. Then in 2013, Andrew Barnard and Douglas Carrillo saw a Bitcoin ATM machine in a Vancouver cafe. They went on to co-found the South Florida-based Bitcoin ATM operator Bitstop. After two years of educating Florida regulators about Bitcoin and finding a bank that would do business with them, Bitstop started placing ATMs in retail locations around the state for consumers to acquire Bitcoin. Barnard estimates there are now 2,000 Bitcoin ATMs worldwide and just over 1,000 in the United States, all operated by a small core of companies. Most charge transaction fees that range Continue reading >>

The Threat Of Tough Regulation In Asia Sends Crypto-currencies Into A Tailspin - The Crypto Sun Sets In The East

The Threat Of Tough Regulation In Asia Sends Crypto-currencies Into A Tailspin - The Crypto Sun Sets In The East

Asia provides both an explanation of this weeks sell-off and a glimpse of crypto-currencies future. The threat of a ban in bitcoin-trading in South Korea was the proximate cause of the plunge. As to the future, the question is which Asia? At one end of the spectrum is Japan, which has embraced crypto-currencies. At the other is China, which has all but banished them. South Korea has been in the middle. These countries have outsized roles in the crypto universe. Chinas exchanges hosted more than nine-tenths of global bitcoin-trading until the government closed them last year. Japan now has the biggest share of virtual-currency markets. South Korea makes up less than 2% of global GDP but nearly a tenth of bitcoin-trading. North Asia has been fertile ground for crypto-currencies for several reasons. Partly it is the high-tech pedigree. A prevalence of smartphones, fast internet and computer-science graduates makes people receptive to the newfangled. The rigidity of conventional finance has helped. Capital controls boost the appeal of crypto-currencies in China and South Korea, and in Japan they are a beguiling alternative to low-yielding mainstream investments. A zest for gambling has surely lured some to a market that is driven by speculation. But the regions regulators are going in different directions. China, alarmed at the way crypto-currencies can evade government oversight, has taken the harshest line. Last year it banned domestic exchanges; in recent days it has taken aim at websites flouting this ban. Officials have also called on local authorities to choke off the power supply to bitcoin miners, computer networks that create new coins through massively energy-intensive calculations. Chinas miners, still dominant in the global industry, are shifting to other count Continue reading >>

Bitcoin | The Cornell Daily Sun

Bitcoin | The Cornell Daily Sun

Chances are you know someone whos mined bitcoin. However, cryptocurrencies are not everything they appear to be. Drawing the ire of governments and financial institutions alike, questions about its reliability are on the rise. Prof. Ari Juels, computer science at the Jacobs Technion-Cornell Institute at Cornell Tech, discussed the impact, technology and regulatory environment of cryptocurrencies. Co-director of the Initiative for CryptoCurrencies and Contracts a collaboration between Cornell, the University of California, Berkeley and the University of Illinois at Urbana-Champaign, based at Cornell Tech Juels helps lead research on blockchain technology and its applications. Bitcoin mining consumed nearly one percent of the United States electricity last year. Globally, Bitcoins estimated yearly power usage is greater than that of Ireland, or 30 times more than that of Tesla vehicles. Considering this, one wonders whether the societal benefits of the worlds foremost cryptocurrency offsets its significant energy consumption, which expedites greater, existential risks like irreversible climate change. Does Bitcoin justify its power bill? First, while Bitcoin is often described as an emerging currency, its illiquidity you cant just buy groceries with it makes it as an asset best-likened to gold. Continue reading >>

Bitcoin Articles, Photos, And Videos - Baltimore Sun

Bitcoin Articles, Photos, And Videos - Baltimore Sun

The year when the internet collides with reality The onset of a new year brings plenty of predictions, and so I will hazard one: Many of the biggest events of 2018 will be bound together by a common theme, namely the collision of the virtual internet with the real "flesh and blood" world. This... D.C. National Guardsmen indicted in credit card fraud scheme Five members of the District of Columbia National Guard used the online currency Bitcoin to buy stolen credit card information and make big purchases at stores on military bases, federal prosecutors said Monday.The Maryland U.S. Attorney's office... Data stolen from Baltimore City employees, city announces Someone or a group has stolen personal information from an unknown number of Baltimore City employees and filed fraudulent tax returns, the city announced Thursday to all employees.The data breach was discovered Thursday, and it was not immediately... MedStar disputes report it ignored warnings that led to attack MedStar Health is disputing a report that the hospital company should have known as early as 2007 about weaknesses in its system that contributed to a massive cyberattack that encrypted its files.The Associated Press, citing an anonymous source,... MedStar restores more of its computer system MedStar Health said Sunday it had restored use of the computer system physicians use to remotely access medical records at its ten hospitals, according to an update on its website.The health system took its entire system offline last week after it... MedStar hack shows risks that come with electronic health records Spurred on by the federal government, hospitals in Maryland have moved quickly in recent years to roll out electronic medical records.The benefits are many. Electronic medical records can help patients avoi Continue reading >>

Sunbtc - Get Free Satoshi Every 5 Minutes.

Sunbtc - Get Free Satoshi Every 5 Minutes.

You might be having problems making a faucet claim on Sunbtc.space for one of the following reasons... This faucet web site is designed to work on the broadest range of modern web browsers and devices possible. However it may be that your browser/device is not supported and you receive an error message when you try to claim. If so, please try a different browser or device to check that this is the problem before contacting us about it. The most famous cryptocurrency was developed in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called cryptocurrency. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call cryptocurrency a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer as a cryptocurrency or digital currency. Cryptocurrency are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created cryptocurrencies. Besides mining, cryptocurrencies can be obtained in exchange for fiat money, products, and services. Users can send and receive cryptocurrencies electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application. Cryptocurrency as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that cryptocurrency lacks con Continue reading >>

Twitter Scammers Use Verified Accounts To Trick Crypto Holders

Twitter Scammers Use Verified Accounts To Trick Crypto Holders

Twitter Scammers Use Verified Accounts to Trick Crypto Holders Scammers trawling for would-be victims on Twitter are turning to a new - and troubling - tactic: obtaining accounts that have been verified by the social media company itself. Last week, it emerged that fraudsters had moved to create accounts that mimic the Tron Foundation and its founder, Justin Sun, according to a report from BuzzFeed .The publication discovered that one of the fake verified accounts in question, @TronFoundationl, copied the real Tron Foundation's Twitter content and even went as far as duplicating its pinned tweet, which warned users to beware of imposter accounts. The account defrauded users by posting a link to a cryptocurrency wallet and soliciting donations in ether, promising to send 4 to 10 ether back to the first 200 users that make "contributions." Indeed,the move appears to be an escalation of previous attempts to defraud Twitter users, wherein scammers simply created their own fraudulent accounts in an attempt to copy developers and other well-known people in the cryptocurrency space. And whileTwitter rules mandate that accounts lose their verified status when they change theirnames, several fraudulent accounts have managed to maintain their verification badges, which are signified by a blue check mark next to the account's handle. "If an account changes its username, it should lose its verified status," said a spokesperson for the company. "Any instance of this not occurring is an error." The issue even drew the attention of founder Jack Dorsey, who publicly commented on Monday that "we discovered this and are fixing the process." The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editoria Continue reading >>

Justin Sun Announces Launch Of The Tron Testnet

Justin Sun Announces Launch Of The Tron Testnet

Justin Sun Announces Launch of the TRON Testnet On Friday evening, the outspoken CEO of TRON, Justin Sun, surprised his 400,000+ followers and went live on Twitter and Periscope to announce the launch of TRONs testnet. TRON is a blockchain-based open-source global digital entertainment protocol that is cross-protocol for digital entertainment. TRON is a cryptocurrency based out of Beijing, China, that is attempting to disrupt the entertainment industry. The company plans to offer content creators a direct channel to consumers, free of intermediaries, while simultaneously protecting user data. In its 2017 ICO, TRON was able to raise $70 million and is currently valued at $2.4 billion by market capitalization. Until now TRON has been using the Ethereum platform as its primary blockchain in the form of the ERC20 TRONix token; TRON relied on its whitepaper to demonstrate the technical value of the project, which was embroiled in a plagiarism scandal . Users and investors can feel a little more at ease as of today. In a Twitter address to the public, Sun announced that TRONs testnet is officially live. Justin Sun (@justinsuntron) March 31, 2018 Justin Sun is the 26-year old founder of TRON. Beginning with the launch of TRONs testnet, TRON is no longer dependent on the ERC20 TRONix token or the Ethereum network. For the next quarter, Justin Suns primary objective is to migrate the 100 million users currently on TRONs Ethereum-based network to TRONs central system once its launched in June. The testnet is an essential milestone in this transition, giving the project the necessary data to implement such a transfer. The launch signals Justin Suns push to become the largest blockchain dApp platform by [number of] users. TRON claims that its upcoming scalable, easy-to-use, high t Continue reading >>

The Buzz Of Bitcoin: Cryptocurrency For Sale At Vape Shops, Bars And Gas Stations

The Buzz Of Bitcoin: Cryptocurrency For Sale At Vape Shops, Bars And Gas Stations

The buzz of bitcoin: Cryptocurrency for sale at vape shops, bars and gas stations Jay Gadhiya, manager of Vape N Tobacco in Naperville, estimates 50 customers stop by his shop at least once a week to convert U.S. dollars into cryptocurrency through a CoinFlip ATM. Jay Gadhiya, manager of Vape N Tobacco in Naperville, estimates 50 customers stop by his shop at least once a week to convert U.S. dollars into cryptocurrency through a CoinFlip ATM. People are buying digital currency in what might seem unlikely places. Unlike banks and currency exchanges, where people can trade foreign currency and U.S. dollars, a Naperville vape shop, an Aurora gas station, and bars in Elgin and St. Charles are some of the spots where people are purchasing cryptocurrency, which some see as the future of money. In Naperville, there are machines in Vape N Tobacco, 1224 W. Ogden Ave., and the lobby of Van Buren Place, 35 S. Washington St., where digital currencies such as the popular bitcoin can be bought. People typically go online to purchase bitcoins. This is a physical manifestation of that, Northern Illinois University media studies professor David Gunkel said. The machine at Vape N Tobacco in Naperville is provided by CoinFlip, a three-year-old Skokie-based business, said the companys chief compliance officer, Larry Mascolino. The machine in Van Buren Place is from four-year-old Chicago-based Digital Mint, said company co-founder and President Marc Grens. A Digital Mint ATM in the first-floor lobby of the Van Buren Place building at 35 S. Washington St. is one of two machines in Naperville where people can convert U.S. dollars into cryptocurrency, such as bitcoin. A Digital Mint ATM in the first-floor lobby of the Van Buren Place building at 35 S. Washington St. is one of two machines in Continue reading >>

This Is What Happens When Bitcoin Miners Take Over Your Town

This Is What Happens When Bitcoin Miners Take Over Your Town

The Friday Cover is POLITICO Magazine's email of the week's best, delivered to your inbox every Friday morning. By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. Patrick Cavan Brown for Politico Magazine This Is What Happens When Bitcoin Miners Take Over Your Town Eastern Washington had cheap power and tons of space. Then the suitcases of cash started arriving. EAST WENATCHEE, WashingtonHands on the wheel, eyes squinting against the winter sun, Lauren Miehe eases his Land Rover down the main drag and tells me how he used to spot promising sites to build a bitcoin mine, back in 2013, when he was a freshly arrived techie from Seattle and had just discovered this sleepy rural community. The attraction then, as now, was the Columbia River, which we can glimpse a few blocks to our left. Bitcoin miningthe complex process in which computers solve a complicated math puzzle to win a stack of virtual currencyuses an inordinate amount of electricity, and thanks to five hydroelectric dams that straddle this stretch of the river, about three hours east of Seattle, miners could buy that power more cheaply here than anywhere else in the nation. Long before locals had even heard the words cryptocurrency or blockchain, Miehe and his peers realized that this semi-arid agricultural region known as the Mid-Columbia Basin was the best place to mine bitcoin in Americaand maybe the world. The trick, though, was finding a location where you could put all that cheap power to work. You needed an existing building, because in those days, when bitcoin was trading for just a few dollars, no one could afford to build something new. You needed space for a few hundred high-speed computer servers, and also for the heavy-duty cooling system t Continue reading >>

Suspect In Iceland's 'big Bitcoin Heist' Escapes Prison - Las Vegas Sun Newspaper

Suspect In Iceland's 'big Bitcoin Heist' Escapes Prison - Las Vegas Sun Newspaper

Suspect in Icelands Big Bitcoin Heist escapesprison In this file photo taken on Jan. 17, 2018, a worker walks along a row of computer rigs that run around the clock mining bitcoin inside the Genesis Mining cryptocurrency mine in Keflavik,Iceland. REYKJAVIK, Iceland A prisoner in Iceland suspected of masterminding the theft of about 600 computers that were being used to mine bitcoin and other virtual currencies escaped custody and fled Tuesday on a passenger plane that a witness said also carried the remote North Atlantic nation's prime minister. Police said surveillance footage showed a suspect they identified as Sindri Thor Stefansson boarding a flight to Sweden at Iceland's international airport in Keflavik. They said he traveled under a passport in someone else's name. "He had an accomplice," Police Chief Gunnar Schram told Visir, an online news outlet in Iceland. "We are sure of that." Investigators think Stefansson left the low-security prison where he recently had been transferred through a window early Tuesday. Guards did not report him missing until after the flight to Sweden had taken off.. Stefansson was among 11 people arrested earlier this year for allegedly stealing the powerful computer in Iceland's biggest thefts. The stolen equipment, which still is missing, has been valued at almost $2 million. Icelandic media have the case the "Big Bitcoin Heist." If the stolen equipment is used for its original purpose to create new bitcoins the thieves could turn a massive profit in an untraceable currency without ever selling the items. The escaped prisoner was being held at the Sogn prison in rural southern Iceland, located some 95 kilometers (59 miles) from the airport. The prison is unfenced and inmates there have telephone and internet access. Stefansson had be Continue reading >>

Bitcoin Billionaires Want A Crypto Utopia In The Sun

Bitcoin Billionaires Want A Crypto Utopia In The Sun

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Bitcoin Billionaires Want a Crypto Utopia in the Sun Some newly wealthy blockchain investors aim to reinvent Puerto Rico. They don't know it, but they're more lucky than good. This post originally appeared in Money Stuff . There is a well-known phenomenon whereby hedge-fund managers who have a bit of success begin to fancy themselves experts in everything.The typical case begins with style creep in investing: A merger-arbitrage expertwill have a few good years and will then start making macro bets on currencies. How hard can it be? Politics and policy will be next, and he will begin lecturing politicians on optimal education policy. Eventually no domain is off limits; he'll buy asports team and start giving advice to its coach, or show up at NASA and explain how they've gotten astrophysics all wrong. Thisoften ends up looking kind of silly but, to be fair,many successful hedge-fund managersreallydohave a lot of general intelligence and knowledge. They tend to have been successful in academics and business all their lives; some of them actually have astrophysics Ph.D.s. And while the experience ofbeinga successful hedge-fund managercan involve a certain amount of flattery and insulation from criticism, the experience ofbecomingone is decent training: It is hard to Continue reading >>

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