Cardano (ADA) & Tron (TRX) – The cryptocurrency market is slowly beginning to rebound after taking a hit this past weekend.
On Friday, Japan’s FSA announced a cryptocurrency crackdown that caused Bitcoin (BTC) and Ethereum (ETH) to plummet nearly 10%. With the sharp drop, most of the market followed suit – but has since gained some of its strength back.
Let’s take a closer look at two coins in the top ten and their latest project updates.
Cardano’s progress is moving right along. The project isn’t known to have flashy partnerships and announcements, unlike most of its competitors. IOHK and the Cardano team focus most of their time and energy on the fundamental developments of Cardano.
Each update is put through rigorous tests before being released to the public. What makes Cardano stand out from most of the projects built on the blockchain is that all the code was built from the ground up and Cardano was founded on peer-reviewed research.
Quite well. 1.3 update is in QA. They should be working on it throughout the month of July. Lots of network enhancements. We also will have an announcement at the end of the month about something special
— Charles Hoskinson (@IOHK_Charles) June 25, 2018
Cardano’s co-founder, Charles Hoskinson, commented recently on the project’s movement. What is surprising is that he pulled a Justin Sun and made an announcement about a future announcement. Something he doesn’t do ever, but will be interesting to see what this “something special” entails.
If you’d like to keep up with Cardano’s progress, you can view their roadmap here.
At press time, ADA is trading at $0.130 a coin, down -3.37%, in 24 hours.
Yesterday, was Tron “Independence Day” and so far it went without a glitch. The Tron ecosystem has finally ‘broken free’ of Ethereum, or so we thought. What Tron Developers neglect to tell everyone is that most of Tron’s codebase is based on the EthereumJ library.
They should rebrand to “TRON: the Frankenstein of crypto.” Learn more 👇
— Lucas Nuzzi (@LucasNuzzi) June 19, 2018
Another Twitter user responded to the comment and said:
Funnily enough, I was doing the exact same thing last night… the codebase definitely feels like someone took large chunks of other projects, tweaked them slightly and then glued them back together.
— Jackson Palmer (@ummjackson) June 19, 2018
Luca Nuzzi responded to CoinDesk’s Tron post yesterday by saying:
I don’t think 76 previously unreferenced uses of EthereumJ constitutes as a “very small thing.” This technology was built on the basis of transparency; there’s nothing wrong with copying code, as long as you attribute it to its creators and don’t try and sell it as something new. https://t.co/mccRdtqWYo
— Lucas Nuzzi (@LucasNuzzi) June 25, 2018
Yikes. Not so “independent” after all – eh Tron? I don’t think developers would have such an issue with it if Justin Sun hadn’t slammed Ethereum so hard these past few months and made it such a point to celebrate its “freedom” from the Ethereum. This also isn’t the first time it has been accused of plagiarism. Makes you think is anything original with this project?
If Tron developers would just step up and attribute to the actual creators of the code – it just might blow over. However, it doesn’t seem like they will do that anytime soon. Hopefully, the network doesn’t implode like many developers in the space expect it to.
At press time, TRX is trading at $0.0404 a coin, down -4.55%, in 24 hours.
Featured Image: Variety