ToThaMoon@bbs profile image

ToThaMoon

ToThaMoon@bbs
Copied to clipboard
Posts
0Followers
0Following

What is TRON (TRX) ?

So, another day, another breakdown. This day it's time for TRON (TRX). Tron is a lot in the news the last couple of weeks, so I think it's time to get to know TRON a bit better! Let's dive in right away!  What is TRON (TRX) ?  TRON (TRX) is an open-source blockchain platform that can run smart contracts and be used for building decentralized apps (dApps). It's similar in functionality to Ethereum (ETH), and it even started out as a token built on Ethereum until switching to its own blockchain. Since launching, TRON has built a large ecosystem of dApps and other projects. However, it's also controversial, with critics claiming it copied code and that the TRON CEO has made money through pump-and-dump cryptocurrency scams. Keep reading for our full guide to TRON and the native cryptocurrency it offers, Tronix. What makes TRON (TRX) unique?  TRON has a broad range of goals that all come back to its central objective of decentralizing the web. One of TRON's primary focuses from the beginning has been to change the entertainment industry. It wants to use blockchains for a content-sharing system and get rid of the middleman. Content creators would be able to directly connect with consumers and sell their products. As a step toward building this network, the TRON Foundation bought peer-to-peer file sharing company BitTorrent in 2018. TRON has since launched BitTorrent Token (BTT), which is designed to expand its protocol and incentivize its use. The TRON team also wants it to be the most flexible blockchain platform that can run smart contracts. For that reason, the TRON Virtual Machine (TVM), where developers can build dApps on TRON, is compatible with the Ethereum Virtual Machine (EVM). There are plans to add compatibility with other virtual machines in the future. TRON is also making inroads into the decentralized finance (DeFi) landscape with the JUST Network, a TRON offshoot that includes a package of smart contract-based financial projects. TRON's stablecoin, want to be like LUNA  Creator Justin Sun announced today that Tron DAO—the "restructured" Tron Foundation that "allows users to participate in governance and decision-making" about the network—will begin issuing the USDD stablecoin starting May 5. (The extra “D” stands for decentralized.) In a separate announcement, Tron DAO said it "will raise $10 billion in reserves from prominent blockchain industry players" over the next six to 12 months. The goal is to provide liquidity in case of emergency to stablecoins issued on Tron—including both USDD and Tether—thereby keeping their value stable even during cases of financial crisis.
May 8, 2022
Crypto Banter

What is Pi Network?

So, the last couple of weeks I did some project break downs and got a lot of questions about a project break down for Pi Network. So, worked on this post a while, but I believe it covers a lot of information about Pi Network. Let me know guys what you think about it!  What is Pi Network?  The Pi network is a cryptocurrency project that was created to decentralize and disintermediate finance to reach a wider audience than its competitors by basing its mining activities on smartphones. This supposedly different strategy for the crypto industry ensures that users from all backgrounds can utilize the network as long as they have access to a smartphone and the internet. Because of this ease of use and the referral system, Pi Network has seen its user base skyrocket, sitting at over 18 million users within two years. However, although Pi Network is relatively popular, several people are still curious about the platform and how it works.  How does Pi Network work?  First, download the Pi Network app in the play or app store. Next, register with your phone number or Facebook account. Then, start mining. Take note. You can’t register without a referral code. Maybe some Banter members have a refferal code they want to share in the comments.  After registration, each user can get 1 π (Pi) per account. The system offers the following categories: - Pioneer: this is an entry-level ranking for all users. The production scale is 0.10 π per hour. If you participated in the referral program during the registration period, you can increase it to π 0.15 per hour. - Contributor: To get this ranking, you need to mine the PI cryptocurrency for three days - Ambassador: the ranking of users who have invited other members to connect to the Pi network. - Node: a member who has connected other devices to the network (PC/Mac, iPad, etc.). This level is still in development and will be available in the future. When opening the app, you should press the "Min" button. You don't need to keep the app open, just click the button once every 24 hours, and the app will mine the IP cryptocurrency on its own, without your help. Mining does not drain the battery faster, and in no way affects the performance of your smartphone. What is Pi Network worth and what will the value be in the future?  What is the value of the IP? Surely you are wondering how much is an IP worth? Currently, PI Network is a project under development, and the IP is not even worth a single euro cent. If you are wondering about the value of the IP in the future, it could be, according to some cryptocurrency experts, that it will reach 5 euros within 5 years. Again, we can't predict the future, and we don't know its value in advance. Patience is a virtue from which we draw strength and rights that we deprive ourselves of when we do not know how to wait and we like to rush everything. Reckless men brave peril before they look at it, and truly brave men look at it before they brave it. What does the Banter Fam think of the value of Pi? 
May 7, 2022
Crypto Banter