One major challenge digital currency and blockchain projects have faced over the past years is insecurity. The vulnerability has put a lot of blockchain projects out of business over the years. Many blockchain projects have been running bounty programs and rewarding developers for finding bugs and susceptibilities on their platforms. Tron (TRX) is one cryptocurrency project that has been on this trend since the Tron Mainnet launch. Tron (TRX) is a very popular and active digital currency in the crypto space. But the price of Tron (TRX) has not been responding actively to the bullish Tron news today and Tron price prediction 2019.
Tron Discovers a Bug that Could Have Crippled the Entire Tron Network – Will This Have an Impact on Tron Price Prediction?
There was a severe bug on the network of Tron that could have let an attacker cripple the Tron network with a single computer. The bug emanated from a susceptibility related to spamming smart contracts. Back in January this year, Danish Shrestha – a software engineer – discovered a bug on the Tron network that would have let attackers carry out a distributed-denial-of-service attack on the blockchain of Tron. The bug is from a type of computationally intensive operation that takes about three minutes for a modern MacBook to process.
The deployment of a particular type of Tron Wallet required 6 of these operations. When combined, these deployments have the capability to destabilize the Tron network. If spammed together, the deployments can clog the available memory and CPU, making the blockchain of Tron unavailable or unusable. Simple attacks such as smart contract requests or spamming transactions can overwhelm a network’s resources.
To prevent these types of attacks, blockchain projects such as Ethereum and Bitcoin adds a cost to transactions. This does not mean they are completely secure. But networks are more susceptible when their resources are free or too cheap. Tron has been running bounty programs over the past years. The program rewards developers for discovering bugs and loopholes on the Tron network. This has been working pretty well for the blockchain project, as developers have discovered a lot of bugs that could have sent Tron (TRX) out of business.
After this bug was discovered by Shrestha, the Tron Foundation rewarded him with $1,500 and found a solution to the issue. Bounty programs have proven to be one of the most effective ways of increasing the security of a project, as developers get rewarded for finding bugs and loopholes in the project.
Tron Price Analysis – Tron Price Prediction – Tron Price Forecast – Tron News Today – TRX USD Live Price Today
The price of Tron (TRX) has not really been what digital asset investors are hoping for. However, the project has managed to attract a lot of digital asset investors that see great potential in the coin. After failing to break over the $0.03 level, the price of Tron is now trading below that level. However, the immediate resistance of the coin is at the $0.0290 mark. The price of Tron is currently supported at the $0.0210 level.
TRON (TRX) Price Today – TRX / USD
At the press time, the TRX USD live price is $0.0245 after an increase of about five percent over the past twenty-four hours. The current market cap of the digital currency is $1.59 billion. The trading volume of the digital currency over the past twenty-four hours is $583.85 million.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.