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📊‍ Infographics
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Tron Is Picking Up Steam on Twitter: Research

  • Alex Dovbnya
    📊‍ Infographics

    Tron’s Twitter hype is growing exponentially, and Justin Sun’s aggressive marketing campaign might be the main catalyst for the growth

Tron Is Picking Up Steam on Twitter: Research
Cover image via u.today
Contents

According to recent data published by cryptocurrency-oriented research platform DataLight, the number of TRX Twitter mentions reached a brand-new peak on Jan. 9. Tron has been on a roll recently with a slew of announcements that were also spiced up by some controversies.     

A new peak

DataLight has been tracking Tron Twitter mentions since Jun. 25, 2018. Jan. 9 turned out to be historic for the community given that Tron managed to accumulate a whopping 52,722 mentions. The previous record, which has been recently shattered, was set on Dec. 24 with 46,523 mentions. As U.Today reported earlier, that was also the day when the network hit an important milestone: 1 mln user addresses.  

Is there a pattern?  

There is a rather distinguishable pattern – the peak of Twitter activity corresponds to a huge influx of new addresses. For instance, the Tron network recorded 41,133 new addresses on Dec. 24 (the highest number since the beginning of the tracking period). Subsequently, it coincided with the peak of Twitter activity. Tron’s current Twitter hype peak was followed by 29,413 addresses that joined the network the day before.    

Tron’s ruling the roost

Tron CEO Justin Sun is one of the most active crypto personalities on Twitter with more than 734,000 followers. While critics call his style ‘Trumpian’, he keeps celebrating every milestone, possibly contributing to the project’s success. Tron (TRX) is currently sitting at 9th place on CMC, having recently surpassed Bitcoin Cash offshoot Bitcoin SV.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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📰 News
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Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’

  • Yuri Molchan
    📰 News

    The head of a major Bitcoin mining pool says that Bitcoin privacy is weak and must be improved to prevent BTC from avoiding governments’ clampdown

Top Bitcoin Miner Warns – Bitcoin’s Privacy Features Are ‘Quite Poor’
Cover image via www.123rf.com
Contents

The CEO of one of the largest BTC mining pools, Poolin, has recently stated in an interview that Bitcoin privacy has to be improved. The current privacy features make BTC vulnerable to potential regulatory bolt tightening, says he, as reported by Forbes.

The Poolin mining company was set up by several former employees of BTC.com – a world’s major mining pool, a subsidiary of Bitmain. Among them was the Poolin’s current CEO Kevin Pan.

“Bitcoin’s privacy features are quite poor”

Over the past years, developers have suggested several ways to improve Bitcoin’s privacy. However, those were rejected by the community, since they would hard such major things as security, scalability, etc.

A good example here is Confidential Transactions that were among those suggestions. They disguise the amount of BTC sent in transactions. However, the integration of it was rejected, since it could have had a negative impact on the public verifiability of the present BTC supply.

Kevin Pan says that privacy is much more vital for a crypto asset development than scalability. Pan says:

“There is no other big question if the privacy issue is solved.”

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Governments may start controlling BTC miners

The company CEO believes that in theory, authorities or law-enforcement agencies may start telling miners to block certain address from receiving funds or sending them. However, in that case that would have to be 51 percent of the BTC network.

Pan believes that unless a solution to this problem is found soon, governments will get a chance to prevent transactions to certain addresses from happenning.

“What is more troublesome now is if government or law enforcement departments begin to create a blacklist of transaction addresses, it will make certain transactions unable to be packaged.”

“In fact, these can be done. But if there is privacy, you can't know who the address belongs to, and you can't determine how much the amount is, and there is no way to control the currency system. So for me, Bitcoin is basically no problem if the issue of privacy can be solved.”

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China plans to clamp down on BTC miners

Previously, U.Today reported that Inner Mongolia, an autonomous region of China, plans to ban all the numerous mining pools located there soon.

Since this region is one of the biggest local crypto mining areas, some believe that China is about to ban mining of all cryptocurrencies ahead of the so-called ‘China Coin’ launch.

Do you think that poor Bitcoin’s privacy features could indeed bring down regulatory control over BTC one day? Feel free to share your view in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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