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Justin Sun Claims TRON Rides the Bullish Trend

  • Antony Koroid
    📰 News

    The crypto market has significantly dropped. For Tron CEO Justin Sun, market instability became just one more reason to show his positive spirit


Justin Sun Claims TRON Rides the Bullish Trend
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In less than 12 hours, the crypto market has significantly dropped and many observers and investors are losing their positive attitude. While some are still full of hope, faith and ready to wait, others are ready to sell everything and as soon as possible leave the market, which seems to be sinking further. For Tron CEO Justin Sun, market instability became just one more reason to show his positive spirit.

Positive no matter what

The first millennial graduate of Jack Ma's Hupan University shared his enthusiasm for the situation that is unfolding in the crypto markets.

Bear market for crypto. #BTC #ETH #XRP BULL market for #TRON. #TRX $TRX, he wrote on the morning of 15 November


At the same time, even according to TRX adopters, the coin is now in the grip of the biggest bear of the year. This can serve as proof that Justin soon is really a very good PR manager. He watches his image and perfectly promotes himself. In the midst of a supposed collapse he can remain positive, which will bring him dividends.

Forecasts

TRON forecasts for 2018 were much brighter than its nearest competitors. As for next year, according to optimistic predictions, the coin will be able to reach a value of $5. At the same time, more sober-minded and unbiased analysts are ready to give TRX from 30 to 50 US cents.

Market fuss

From August to November Bitcoin (BTC) showed high stability, which some called a record. On 13-14 November in 12 hours, the cryptocurrency has lost more than 11%. This decline led to other large cryptocurrencies and digital assets with small market capitalization began a sharp downward movement.

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The reasons for this fall remain unknown, but most observers associate almost panic sentiment in the market to the proximity of the Bitcoin Cash fork, scheduled for November 15. The fork is one day away; however, the Bitcoin Cash community division has already generated shockwaves.

TRON is a decentralized blockchain-based project with an internal coin, TRON (TRX), which aims to provide a content distribution platform for the digital entertainment industry. In June 2018 team TRON launched his own blockchain. This event was called the Tron Independence day.

Now #TWX is available on @Tronfoundation #DEX, a decentralized exchange built to provide instant liquidity for Tron tokens. Using the unique automated pricing mechanism from Bancor formula, Tron ensures token can always be converted, even if no one is selling.

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It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future


It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future
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Blockchain is commonly known as an immutable ledger that is impossible to hack, but there is always a looming threat of quantum computers. HCASH Chief Scientist Dr Joseph Liu, who claims that every single cryptocurrency can be hacked in a matter of seconds, has come up with his own coin that won’t be threatened by quantum hackers.

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The inevitable quantum takeover     

Quantum computers are generally considered to be the Achilles’ heel of Blockchain-based cryptocurrencies, including Bitcoin. IBM has already announced its first quantum computer with Google and Intel also working in that direction in 2019.


IOTA, which is powered by DAG dubbed ‘Tangle’, is considered to be the only quantum-proof cryptocurrency on the market, but there could be yet another option – Hypercash that recently presented its post-quantum secure Ring CT protocol.    

‘If you want to use this computer to break the … normal security, it’ll take maybe 500 years to break the system. If you use a quantum computer, maybe several seconds. Hcash is trying to provide security, even in the existence of this future computer,’ – he claims during a recent interview.

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A precursor to Monero     

The aforementioned quantum-resistance cryptocurrency is based on Liu’s research paper about a ‘linkable ring signature.’  Fun fact: that paper, which was published back in 2014, was used by the creators of Monero as the basis for the flagship privacy coin.

The Ring Confidential Transaction (RingCT) allows having an external verifier without exposing who that verifier is. Liu didn’t expect the coin to produce any significant impact, but now he is eager to improve the protocol of the billion dollar currency without getting any financial gains.

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High hopes for Blockchain

Despite his gloomy prediction about the quantum takeover, Liu is still certain that the future of Blockchain is bright. He is certain that there will be an increasing number of Blockchain-related jobs that will be coupled with growing academic interest in cryptography. There is will be many use cases of Blockchain technology in different spheres of our life.

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