Truthcoin switches from Cardano Network to Tron Network.
Truthcoin which successfully listed on Mid Tier Exchange, Azbits at $0.20 cents on July 30,had planned to use the Cardano network for its crypto currency. But announced recently, and updated its Whitepaper, that it has decided to go ahead with the Tron Network instead.It’s believed this was for 2 reasons.
1. Many exchanges don’t accept Cardano,as its much more costly to set up
2. Tron is better suited for digital content creators to use to be rewarded, which suits the use that Truthcoin will also have, as it’s partnered with TruthGroup to be a currency used for its social media platforms and online Global Independent News Networks.
A spokesperson said this has required a new wallet to be created, an interim one that’s available at www.truthcoin.social.
A mass marketed wallet launches soon as an additional version.
It said the users that were issued a interim wallet before the listing will need to re download the new wallet that’s based on the Tron network, not the Cardano one, to receive their coins.
All users including Bitcoin 2.0 holders who qualify for Truthcoin will be issued wallets and coins over the next few months, a company spokesperson said.
You can follow Truthcoin’s progress at www.truthcoin.social or it’s listing at
What is Tron?
Tron is a decentralized, open-source blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX). It was established in March 2014 by Justin Sun and since 2017 has been overseen and supervised by the Tron Foundation, a non-profit organization in Singapore, established in the same year.
It was originally an Ethereum-based ERC-20 token, which switched its protocol to its own blockchain in 2018. The testnet, Blockchain Explorer, and Web Wallet were all launched by March 2018. Tron Mainnet launched shortly afterward in May 2018, marking the Odyssey 2.0 release as a technical milestone for Tron.
On 25 July 2018, the Tron Foundation announced it had finished the acquisition of BitTorrent, a peer-to-peer file sharing service. With this, Tron declared its independence with the creation of the Genesis block, along with July 2018 acquisition of BitTorrent. Upon this acquisition, in August 2018, BitTorrent Founder Bram Cohen also disclosed that he was leaving the company to found Chia, an alternative to bitcoin created to be a less energy-intensive cryptocurrency
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