Tag: Tron Mainnet

With a few days to go before the transfer of TRX tokens to the TRON mainnet, TRON (TRX) admins are being criticized on social networks for new allegations of copying files from Github’s repositories without observing the open source software licensing requirements. Independent studies, on the other hand, warn of several potential areas of failure when token migration to the TRON main network is initiated.

In this regard, Lucas Nuzzi, director of the Digital Asset Research (DAR) company, said in a tweet that anticipates setbacks in the migration of TRON tokens.

If you think that the release of #EOS was chaotic, expect the release of #TRON in the next few days. It also happened that I reviewed the entire $TRX base code. My eyes hurt.

Lucas Nuzzi, Director of the Digital Asset Research (DAR), on Twitter

Also, Nuzzi referred to TRON (TRX) as the Frankenstein of the cryptocurrencies market.

TRON mainnet could be exposed to technical failures

A release in Medium, done by Digital Asset Research (DAR), showed more details of the analysis of the TRON (TRX) software and pointed out that despite finding several additional files of copied programs in their entirety, without proper attribution of authorship, these improper copies “pale in comparison to the technical risks of the project.”

Among the weaknesses of the project is that JavaTRON is a copy of EthereumJ, with some known flaws, a library of Ethereum programs that allow interacting with the Ethereum (ETH) blockchain using the Java language.

On the other hand, it is argued that the TRON Virtual Machine is copied from the Ethereum Virtual Machine, but that the added modifications would compromise security, as they “increase the area of attacks on the network.”

Another aspect that leads to potential failures, according to DAR, is the incorporation of the DPoS algorithm that would expose TRON mainnet to individual technical shortcomings after launch “since the project combines technologies originally developed for different system architectures.”

Anna Galvez

The migration of TRON (TRX) tokens from Ethereum (ETH) blockchain to TRON mainnet began on June 21st and will continue until June 25th.

The cryptocurrency exchange platforms that will support the migration will have the withdrawals disabled until that date. The deposits will be enabled, so interested parties will only need to send their ERC20 tokens to the cryptocurrency exchange platforms to participate in the migration. TRON (TRX) deposits and withdrawals will be available generally as of June 26th.

In a publication entitled “June 25th, TRON’s independence day,” the TRON Foundation announced that by that date the TRON mainnet would be fully operational, and to celebrate the event, the “burning” of 1 billion TRX, the equivalent of about $48 million will take place.

Keep in mind that on May 31st, 2018, the TRX ERC20 tokens were launched on Ethereum (ETH) blockchain. Of the total 100 billion ERC20 tokens distributed, only 99 billion will be available after June 25th, which could result in an increase in the TRON (TRX) price. Likewise, a total of 33,251,807,524 TRX belonging to the TRON Foundation will be blocked until January 1st, 2020.

TRON (TRX) is on its way to becoming a great cryptocurrency once the migration to TRON mainnet ends

The TRON (TRX) is in the 9th position by market cap, according to the CoinMarketCap, with a market capitalization of just over $3 billion. At the moment of this writing, TRX trades at $0.043, registering a drop of 10.37% in the last 24 hours.

TRON Foundation also published the list of cryptocurrency exchange platforms that will support the migration of TRX tokens, including Binance, Bitfinex, Cryptopia, Huobi, Koinex, and Coinbene.

The schedule of the migration from ERC20 to the TRON mainnet will be published by each exchange platform in part.

To ensure that the launch of the TRON mainnet is secure, the developers offered a reward of up to $10 million in TRON (TRX) to users who find and reports code errors.

Anna Galvez