Vitalik Buterin Is Pessimistic while Jack Dorsey Is on the Way to Blockchain (Weekend Digest, Sept 08—09)

Vitalik Buterin Is Pessimistic while Jack Dorsey Is on the Way to Blockchain (Weekend Digest, Sept 08—09)

Goldman Sachs has no plans to halt its crypto trading desk, crypto isn’t a good form of money for terrorists, and many other interesting news in this weekend’s digest.

Ethereum

ETH
Price
135.99 USD -0.53%
0.03403000 BTC -0.67%
Volume, 24h
1,173,703,533 USD
19.94%
Marketcap
14,362,944,603 USD
10%
Emission

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Binance Launchpad update to introduce token sale by lottery

One of the largest cryptocurrency exchanges in the world, Binance, introduced a lottery system for its token sale through Launchpad, the exchange’s token launch platform. The update was announced via an official post on 24 March. The update will see the exchange abandoning its “first come-first-served” system which left many users tokenless owing to their surging demand. A notable example of this system was Binance’s sale of BitTorrent tokens [BTT] in January, 50 billion of which was sold out in 15 minutes. Binance will introduce a “lottery” as an upgrade on its previous system. Under this new method, prior to the scheduled date of the lottery, the tickets that can be claimed will depend on how many Binance Coins [BNB] users hold within a 20-day period. The lottery will then be drawn via a “transparent, randomized system with a random selection of lottery tickets based on tail digits.” The Lottery Ticket allocation based on the BNB held is given below, Source: Binance Blog Users will be allowed to decide how many lottery tickets they wish to enter, with the maximum amount being based on their BNB holdings. The exchange will then select multi-digit numbers that will be matched against the tail digits of the tickets issued to determine the winners. “This process will continue until the maximum number of winners (previously set) are matched. The respective BNB will be deducted from each winning user’s balance, as soon as they are deemed a winner.” Binance also listed out the set of risks and concerns it foresaw with this system. The exchange’s native token will see a degree of price fluctuation due to this model. However, Binance predicted that these will be minimal changes. After the announcement was made, the price of BNB surged by over 15 percent against the US Dollar. During the 20-day period when users will accumulate BNB, the exchange attested that the price will fluctuate, “If BNB price drops, it is entirely possible the drop in BNB price will outweigh any gains made by the new token. That is first assuming you win in the lottery draw. Further, the new token being sold is not guaranteed to increase in price. It may drop in price.” Binance ended on an advisory note, requesting users to not hold BNB for the sole purpose of the Launchpad events. The next set of projects emanating from the Launchpad will be intimated to the community in the next two weeks, the exchange concluded. Additionally, reports suggest that the exchange is looking to make cryptocurrency trading riskier. Binance is looking to introduce margin trading within their services, thereby allowing users to trade on borrowed funds. Further, Binance will look to shift their base of operations if regulators voice their disapproval for the margin trading feature. The post Binance Launchpad update to introduce token sale by lottery appeared first on AMBCrypto.
AMBCrypto

Is Ethereum Really ‘A Thing of the Past’ As Tron’s Justin Sun Claims?

The co-founders of Ethereum and Tron have recently engaged in a battle of wits on Twitter. In a recent interview, Vitalik Buterin, the co-founder of Ethereum had commented on the competition between Ethereum and Tron. He claimed that he would “lose hope in humanity” if Tron usurps Ethereum. Justin Sun came with a witty response on Twitter satirically praising Ethereum while at the same time diplomatically placing it to a veteran status; a thing from the past. Recently, a Chinese Institution also ranked Tron above Ethereum in its list of Public Blockchains. When #TRON succeed, we will build a monument in memory of #ethereum! @VitalikButerin will be remembered for his tremendous contribution in #blockchain industry! #TRX #BTT https://t.co/ig3Yg50NND — Justin Sun (@justinsuntron) March 24, 2019 Ethereum vs Tron: let’s Look At the Facts Ethereum, released in 2015 is the pioneering Dapps Platform currently placed second w.r.t total market capitalization. Tron Foundation was initiated in 2017 on the Ethereum platform itself. However, it is far more capable can Ethereum in terms of scalability and has also implemented Proof of Stake (PoS) on its Blockchain. Tron is currently ranked 11th w.r.t total market capitalization. Transactions per day Ethereum transactions per day chart The transactions on Tron are four times that conducted on Ethereum. Therefore, the usability of Tron is far greater than Ethereum. The number of transactions on Ethereum is primarily in the 500k-600k range. No. of transactions per day on Tron While the number of transactions executed on Tron per day is ranging in the 1.5 M to 2.2 M range, the volatility in the ‘number of transactions’ on Tron is considered significant. The transactions are ranging from 2.9 M to 1.5 M in fourteen days. The number of Dapps that follow TRC-20 protocol is increasing at a rate of one new Dapp every day. The race to the Top The Total Market Capitalization of Ethereum is almost $13 billion more than Tron. The total circulating supply of Tron is 66.68 billion, while the total quantity of Ether (ETH) tokens is 105.5 Million. Therefore, to overcome a difference of 13 billion dollars, Tron would have to gain ten times its current price while the price of Ethereum remains the same. The growth of Tron is exponential. Nevertheless, looking at the current statistic and development of Ethereum, Buterin’s Ethereum might have the upper hand on Tron in terms of price. However, the reward vs. risk ratio on Tron is comparatively less than Ethereum at current prices. Moreover, Tron leads in front of Ethereum in terms of technical prowess. Hence, only time will tell whether Justin Sun’s claims are really true. What are your views on which platform be the ultimate leader in Dapps and smart contract development?  The post Is Ethereum Really ‘A Thing of the Past’ As Tron’s Justin Sun Claims? appeared first on Coingape.
CoinGape

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – March 25

On the upside, if the bulls break above the EMAs, the crypto’s price will resume its bullish trend and retest the $140 resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto’s price will commence a range bound movement below the EMAs. ETH/USD Medium-term Trend: Bearish Resistance Levels: […]
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