Here Is How Tron’s (TRX) MainNet Launch Outgunned That of EOS

The word ‘outgunned’ is defined as outdoing or overwhelming your opponent by superior forces. Once you read the word, you think about the numerous Hollywood movies where the action hero with the most guns wins the final battle. But this is no war-zone; neither is it a movie. It is the world we love of crypto and blockchain. In this world, we have witnessed the launch of two magnificent Mainnets in the last one month. That of Tron (TRX) and that of EOS (EOS).



Both were equally exciting for the buzz around the crypto-verse was that these two projects were plausible Ethereum killers. But that is where the similarities end. The launches of both MainNets were totally opposite as shall be elaborated.

Constant communication by both projects

Justin Sun has overcome FUD to become one of the most trusted faces in the crypto-verse. His constant communication to TRON believers is second to none with clear milestones and roadmaps of when the MainNet was to be launched as well as what would happen after. We knew the dates and exact time with timezone references, as to when the MainNet would be launched as well as the Genesis block. There is also constant communication on the status of the ERC20 token migration as well as coin burns and token lockups.

EOS, on the other hand, has no such public figure to reassure the project believers about what was happening during the Mainnet launch. As a matter of fact, no one knew for sure if the MainNet was to be launched on the 2nd of June or the 3rd of June. Also, there is no one figure to elaborate the on-goings in the current constitutional crisis.

Bugs and Bug bounty programs

With the respect to bugs, the EOS MainNet was found to have a severe bug only days before the launch of the MainNet. This bug could allow a rogue miner to hijack the entire network using a smart contract and start wrecking havoc in the form of mining other blockchain networks. The bug was patched and a bug bounty program was soon initiated with a reward cap of $10,000.

Tron then took it upon itself, through Justin and the Tron Foundation, to make sure they had a lucrative bug bountyprogram when the MainNet was launched on the 31st of May. The upper cap of the reward was set at $10 Million meaning the best of the best of security experts and teams probably went knocking at the door of the Tron Foundation seeking to test the MainNet. As a result, the Mainnet has not experienced any known bug since the genesis block went live.

However, EOS has experienced another glitch that has resulted in several accounts being frozen as well as a constitutional crisis.

Constitutional crisis

Block.one, the creator of EOS, is proposing the abolishing of the current constitution less than a month since the MainNet released the Genesis block after a voting stalemate. On the other hand, the Tron project currently has Super Representative elections ongoing with plans of a constitution in the works.

The difference is clear

One can argue that Tron managed to learn from the immediate mistakes of EOS. This is a very valid way of viewing things. Then again, TRON has for the longest of times being the underdog in this crypto-verse with EOS enjoying parade-like praise since the inception of the project. This means that the team at Tron had to put in double the effort to prove their mettle. The planning and execution witnessed through the Tron Foundation can only be described as being meticulous. Perhaps it is this attention to detail by the team that will eventually make Tron end up outshining Ethereum.


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Author: DAVID GEKKO
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VeChain Thor officially launches mainnet blockchain, announces token swap

VeChain has announced that its own network is now live, the first block has been mined and users of the platform can soon expect a token swap.



VeChain is aiming to create a decentralized ecosystem with fully traceable products and is hoping successfully to combine blockchain technology with hardware tracking devices.

Using a Proof-of-Authority consensus algorithm, the blockchain’s main network launch was prepared by establishing the first authority master node. This has been criticized over the potential for centralization, but VeChain has suggested instead that this mechanism is going to be beneficial for businesses, as it will offer a higher-performing network and will be best suited to cater for supply management.

Before the launch of its own blockchain, the VeChain Token’s network existed on the Ethereum blockchain as an ERC-20 and the project plans to undergo a token swap, changing from VEN to VET in mid-July.

For now the cryptocurrency’s foundation has provided details of the timeline moving forward for the token, stating that mobile wallets and the token swap are still on the way.

Bithumb, a major Korean-based cryptocurrency trading exchange, has announced that it is in support of the token swap and the process will be “carried out automatically without requiring any further actions from [their] customers.”

VeChain’s token is currently down by -2.37% day-on-day, and, at press time, is trading for $2.56 USD.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author:  REBECCA LEIGHTON
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