TRON-based Tronbet Reaches 3.1 Billion TRX in Prize
TRON-based Tronbet recently reached 3.1 billion TRX in total prize distributed. Justin Sun, the Founder and CEO of TRON Foundation tweeted to congratulate the platform.
— Justin Sun (@justinsuntron) November 10, 2018
The cryptocurrency has been in the news a lot recently because of its achievements such as breaking Ethereum’s record of 1,349,890 transactions in a day with 1,367,488 TRX transactions in a day.
Also Read: TRON Foundation Founder Ridicules Ethereum
Tronbet is just one of the many DApps on the cryptocurrency’s network which are shaking the crypto industry up. Recently, GETTY/IO, the company behind TronWallet—which recently became a TRON Super Representative—received the award “Think Big” by Amazon AWS for the TronWallet blockchain architecture. For those not familiar with TronWallet, here’s the team introducing themselves:
“TronWallet is a secure peer-to-peer crypto wallet and exchange for TRON. Send, receive, pay, request payments, vote and participate in a new decentralized world. On TronWallet, users are able to securely store and exchange crypto directly on the blockchain.”
The team became a Super Representative in less than a day since it released its new community plan. Thanking supporters, the team said:
“Becoming SR wouldn’t be possible without a strong community around to help, particularly without the help of the great people and our SR friends at CryptoChain, CryptoGuyInZA, TeamTronics and Sesameseed. Thank you for your support, let’s make history together!”
In an official Medium article, the team said:
“TronWallet started it’s run for SR on September 20, and, since then we have been learning a lot. Becoming a TRON Super Representative will be a step forward for TronWallet global adoption. To create a healthy ecosystem for our users and the TRON Network, the TronWallet Team will invest to build cutting-edge products to extract the full potential of TRON blockchain technology.”
Giving some insights to the readers, the team said:
1. People vote for rewards, not necessarily for the better proposals
2. Setup servers with private keys require important security measures
3. Create secure and custom rewards scripts take time. Big thanks to https://twitter.com/_CryptoChain_
4. Becoming SR is a huge responsibility and opportunity to create a unique community around of a new decentralized world.
The team then talks about how its previous attempt to become a Super Representative failed. Moving on to informing everyone about the new plan, the team said:
“With several ideas from TronWallet community and after some scenarios of rewards have been tested, We have decided to change our reward plan to the following structure.
1. We will pay 97% of rewards from SR block generation
2. All rewards are paid in TRX
3. 3% is allocated for operation costs”
Adding to it:
“SR’ are paying in average 16-17 TRX per day (24 hours) for 100k TRX votes. TronWallet SR will pay ~32 TRX per 100k TRX votes until January 01 2019.”
About the future, the team said:
“We strong believe that TWX should be reward for holders and voters in a near future and our team is working hard to make it happen as we go.”
The article then moves on to server configurations. Informing readers about the TestNet server configuration:
Full Node: United States (US-EAST-1) AWS m5d.xlarge
Solidity Node: United States (US-EAST-1) AWS m5d.xlarge
The configuration for the MainNet servers is:
Full Node: United States (US-EAST-1) AWS X1.16xlarge — 64 Core CPU — 1 TB RAM — 1.9 TB SSD (EBS) — 25 GB Broadband
Solidity Node: United States (US-EAST-1) AWS M5D.x4large — 1 TB RAM — 1.9 TB SSD (EBS) — 25 GB Broadband
The configuration for the MainNet backup servers is:
Full Node: United States (US-WEST-1) AWS M5D.x4large — 1 TB RAM — 1.9 TB SSD (EBS) — 25 GB Broadband
Solidity Node: United States (US-WEST-1) AWS M5D.x4large — 1 TB RAM — 1.9 TB SSD (EBS) — 25 GB Broadband
TRON has a lot of DApps which are still in the making. It wouldn’t be surprising if they made it into the news as well.