Bitcoin BEP2(BTCB)

Geneva, Switzerland, 5th January, 2023, ChainwireFor TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest growing public blockchain’s record year: # 22 possibly the world’s biggest DAO On January 5, TRON announced its restructuring to become a decentralized autonomous organization (DAO). On April 11, Forbes declared that TRON DAO is probably the world’s biggest DAO, as the TRON blockchain now boasts more than 132 million user accounts. # 21 APENFT Marketplace On April 15, the APENFT Marketplace launched on the TRON blockchain. # 20 over 130 digital asset exchanges TRX is now supported, listed, and traded on over 130 digital asset exchanges, payment systems, and trading platforms, including Binance.US, Meson, Crypto Finance (member of Deutsche Börse Group), Fireblocks, Bitkub, Bitso, DMM Bitcoin, Kraken (TRX futures contracts), Plisio, BTCBOX, Wirex, OKCoin Japan, BitMEX, Blockchain.com, and Guardarian. # 19 the Enterprise Ethereum Alliance TRON joined the Enterprise Ethereum Alliance to advance interoperable blockchain integration into daily business operations, focusing mainly in two working groups: Cross-Chain Interoperability and DeFi Risk Assessment, Management, and Accounting (DRAMA). # 18 expanded collaboration with Huobi In October, the TRON founder and current ambassador H.E. Justin Sun was named to Huobi’s Global Advisory Board, and the TRON ecosystem has started more partnerships with the exchange. # 17 the Peg Stability Module On August 3, the Peg Stability Module (PSM) was rolled out, which allows users to swap between USDD and other mainstream stablecoins like USDT and USDC at a 1:1 ratio. # 16 sponsorships In 2022, TRON was the major sponsor of Consensus, NFT NYC, Mainnet by Messari, Converge by Circle, Binance Blockchain Week in Paris, Smartcon by Chainlink, Token2049, and more. TRON also hosted several VIP in-person afterparties - TRON Whale Night, at Bitcoin 2022, Consensus, and Mainnet. # 15 the Binance CMC Crypto Top 10 EWI On October 17, TRX was listed on the Binance CMC Cryptocurrency Top 10 Equal-Weighted Index, which tracks the performance of the top ten digital assets on CoinMarketCap as ranked by market capitalization. # 14 feel the burn In 2022, the total amount of TRX burned from various utilities was 11.74 billion, considerably accelerating its deflation. # 13 TRON Academy TRON Academy officially launched November 12, when 270+ students from top-tier university blockchain clubs gathered on the Harvard University campus for the "Hacker House" event. # 12 Travala.com On August 10, Travala.com, the world's leading blockchain-based travel booking platform, announced its adoption of USDD and TRX as means of payment. # 11 the 2nd largest stablecoin ecosystem TRON now has the second-largest total stablecoin circulation, next to Ethereum, with a market cap of $39.5 billion. # 10 the TRON DAO Ecosystem Fund TRON DAO launched their Ecosystem Fund with 8 unique programs for funding, including TRON DAO Ventures, which intends to invest in promising blockchain startups. # 9 the national blockchain of Dominica On October 7, the Commonwealth of Dominica announced TRON as its national blockchain and authorized seven TRON-based cryptocurrencies as legal tender for everyday use. # 8 the TRON DAO Reserve On April 21, the TRON DAO Reserve was established to safeguard the overall blockchain industry and crypto market. # 7 greater influence On August 1, Crypto Daily described H.E. Justin Sun as one of the premier leaders in the Web3 era. # 6 the stablecoin USDD In May 2022, TRON launched USDD, the first over-collateralized, decentralized stablecoin, which is now held in more than 130,000 wallets. On November 2, Messari released the report “State of USDD Q3 2022.” USDD finished the year with a circulating supply of over 725 million and a collateral ratio of greater than 200%. # 5 one of the most eco-friendly blockchains On August 24, in the report titled "Energy Efficiency and Carbon Footprint of the TRON Blockchain" released by the Crypto Carbon Ratings Institute (CCRI), TRON was rated as one of the most eco-friendly blockchains. # 4 the 4th anniversary of MainNet independence On May 31, TRON celebrated the fourth anniversary of its MainNet launch. # 3 three stellar HackaTRONs Three Seasons of the TRON Grand Hackathon, a.k.a. “HackaTRON,” took place in 2022, with over 2300 total participants and a combined total prize pool of over $2.7 million. # 2 TVL According to DefiLlama, by the end of Q3, the Total Value Locked (TVL) on TRON had reached $6.33 billion, up 61% from Q2, surpassing BSC to become the blockchain network with the second-largest TVL worldwide. Messari released its first ever TRX research report on November 5, titled the “State of TRON Q3 2022.” # 1 from 69 million total TRON user accounts to 132 million 63 million new TRON user accounts were established in 2022. TRON aims to become the primary settlement layer of the global economy. As the global trend-setter in cryptocurrency, TRON is developing an ecosystem infrastructure that will be able to serve every human on the planet. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 133 million total user accounts on the blockchain, more than 4.5 billion total transactions, and over $9.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON's official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]

The collapse of FTX saw a major push for transparency in the crypto space, leading several exchanges to disclose proof of reserves. Crypto.com has become the latest exchange to provide its proof of reserves, featuring an audit from Mazars Group, an independent crypto-focused advisory firm. Crypto.com Proof Of Reserves Crypto.com has joined Binance in providing proof of reserves, announcing the move in a statement issued on the 9th of December on its website. The proof of reserves revealed that the exchange has more than enough crypto assets backing any customer liabilities. The exchange’s customer balances for top cryptocurrencies such as Bitcoin and Ethereum are over 100% backed. The proof of reserves shows that Crypto.com has 102% of the Bitcoin, 101% of the Ether, and 102% of the USD Coin it needs to process withdrawals on the platform. Additionally, Tether (USDT), Dogecoin (DOGE), Shiba Inu (SHIB), Chainlink (LINK), and MANA are also included in the report, which shows that Crypto.com is maintaining reserves above 100% for all of them. The exchange shared an update on Twitter, stating, “Crypto.com releases Proof of Reserves audited results. Mazars Group compared the assets held in on-chain addresses proven to be controlled by Crypto.com with customer balances through an auditor-overseen live query of a production database as of the 7th of December.” Audit Conducted By Mazars Group The statement revealed that the audit was conducted by the international audit, tax, and accounting firm, Mazars Group, which had also conducted Binance’s proof of reserves just last month. Mazar claims its auditor page runs a version of the open-source Silver Sixpence Merkle Tree Generator program. If the auditor page was doctored to produce false results, programmers could discover the false results by running the program in their developer environment. An Important Step For The Industry The cryptocurrency community has cast considerable scrutiny on centralized exchanges since the spectacular unraveling of the Sam Bankman-Fried-led FTX. Crypto.com itself was not immune from the resulting contagion, having to pause withdrawals on Solana. The team at Crypto.com stated that by releasing its proof of reserves, it hopes to prove to users that it is a good steward of user assets and has the required capability to process all withdrawals, should the need arise. CEO of Crypto.com, Kris Marszalek elaborated, “Providing audited Proof of Reserves is an important step for the entire industry to increase transparency and begin the process of restoring trust. [...] Crypto.com is fully committed to providing customers around the world a safe, secure, and compliant means of engaging with digital currencies.” Crypto.com is one of many exchanges to submit their proof of reserves. Crypto exchange OKX offered its proof of reserves on the 23rd of November, although its liabilities are yet to be audited. Binance has also submitted its proof of reserves for the Bitcoin it holds. Users Can Self Audit Reserves For users who would be a little skeptical of the exchange’s reporting on its assets and liabilities, Crypto.com has also given the option to self-audit the exchange’s reserves. Users can log into the app, verify the assets held by them when the audit was conducted, and copy the Merkle hash derived from the balances. After obtaining the Merkle hash, customers can navigate to a separate audit page and check if their liabilities are part of the larger Merkle tree of the exchange’s audited liabilities. Criticism Of Proof Of Reserves Proof of reserves has come under some criticism because its proper implementation requires an external auditor to analyze the company’s liability to ensure its solvency. This has been criticized by Jesse Powell, Kraken CEO, who was also critical of Binance’s proof of reserves earlier in the week. “Ok, I’ll give you a hint. This is just the easy stuff that says this OBVIOUSLY is not a traditional Proof of Reserves and should immediately have had actual journalists digging. Why use collateral value? Why are negative balances included? No wallet signing? Who issues BTCB & BBTC?” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.