TRON (TRX) Founder and CEO Demonstrates His Support for Net Neutrality

Siamak Masnavi

On Thursday (1 November 2018), Justin Sun, the founder and CEO of TRON Foundation, announced his support for net neutrality, and demonstrated this support with a $10,000 pledge to DonateForNetNeutrality.com, a crowdfunding effort by the non-profit organization "Fight for the Future", which was founded in 2011 with the mission of ensuring "that the web continues to hold freedom of expression and creativity at its core." The goal of this organization is "to build tech-enhanced campaigns that resonate with millions of people, enabling them to consolidate their power and win historic changes thought to be impossible."

Net neutrality "is the principle that Internet service providers treat all data on the Internet equally, and not discriminate or charge differently by user, content, website, platform, application, type of attached equipment, or method of communication."

Fight for the Future's latest campaign is about putting pressure on the U.S. Congress to save net neutrality -- which was killed on 11 June 2018 following a vote by the Federal Communications Commission (FCC) in December 2017 -- by passing legislation that would "effectively force the FCC to bring back the rules the FCC approved in 2015." Under the Congressional Review Act (CRA), "Congress, with the approval of the president, can not only reject regulations issued by a federal agency but effectively bar that agency from taking similar action again."

The DonateForNetNeutrality.com website says that although the Senate has already passed a resolution, "now the House is running out of time to do the same." It further says that the money being raised will be used to the following:

  • "Flood Congress with phone calls, tweets, and emails"
  • "Run crowdfunded billboards, newspaper ads, and online ads"
  • "Organize in-district actions and events"

Here is how Justin announced his support for this campaign on Twitter:

The press release by the TRON Foundation says that Justin's $10,000 donation will "help fund efforts to educate voters in key districts across the country to vote pro-net neutrality and support lawmakers to reverse the decision that ended net neutrality." This donation comes shortly after TRON's "initial pledge of $3M to the Blockchain Charity Foundation headed by Binance."

The press release also contained the following quote from Justin:

"Given my deep belief in an open and decentralized internet, I support Donatefornetneutrality.com and urge others to do the same in this critical moment where Congress can still act in favor of net neutrality. When the internet is free and open, it fosters innovation that benefits not just a few, but all of us. It's our responsibility to protect these core values and push our community towards the cause."

Justin, who is also the CEO of BitTorrent, apparently "plans to energize support from the BitTorrent community of over 100M users." BitTorrent "has a long-standing history of supporting net neutrality and also Fightforthefuture.org and Donatefornetneutrality.com through campaigns that have urged tens of millions of users to get involved."

Featured Image Courtesy of the TRON Foundation

Microsoft Unveils Solidity Smart Contract Verifier; CME Bitcoin Futures Clock New Record

Recapping the past 24 hours' top crypto headlines:

  • Microsoft’s Azure Blockchain gets a Solidity smart contract formal verification tool.
  • Largest-ever number of open interest in CME bitcoin futures.
  • Justin Sun and up to seven friends to dine with Warren Buffet after successful bid.

At the time of writing, bitcoin (BTC) and ether (ETH) are trading at $7,951.7 (-7.4%) and $247.5 (-7.1%), respectively. As for the MVIS CryptoCompare Digital Assets 10 Index, it is currently tracking at 3,883.4 (-5.8%).

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Solidity Smart Contract Verifier by Microsoft

Microsoft’s research arm – Microsoft Research – unveiled a new, open-source formal verification tool designed to enhance the quality of smart contracts written in a subset of Solidity, the programming language built for the Ethereum blockchain.

The new tool, named VeriSol (i.e., Verifier for Solidity) is described an academic paper which outlines design and application of smart contract verification for Microsoft’s Azure Blockchain. The authors stressed the need for smart contract correctness, explaining: “vulnerabilities in smart contracts have resulted in several high-profile exploits that undermine trust in the underling blockchain technology.”

The paper was authored by seven different researchers from Microsoft Research, Microsoft Azure, and the University of Texas at Austin.

Interestingly, a Microsoft Research blog post published on Monday mentioned that, “while VeriSol is still a prototype primarily driven so far by smart contracts in Azure, the researchers have lofty goals for the verification tool and encourage open collaboration to help bring advances in formal verification to mainstream smart contract development.”

CME Bitcoin Futures Clock New All-Time High

The open interest in Chicago Mercantile Exchange (CME) bitcoin futures hit an all-time high last Friday, according to CoinDesk.

Referring to data shared by the U.S. Commodity Futures Trading Commission (CTFC), the crypto news publication reported “the total figure of 5,190 for the period between May 27 and June 3 represents the largest number of open interest, or contracts outstanding, in CME bitcoin futures ever and a 7 percent gain on the week prior.”

Less than two weeks ago, CME issued an email to clients declaring “May is shaping up to be the strongest month ever for CME Bitcoin Futures.” On May 13, it facilitated the trading of an all-time high 33,677 bitcoin futures contracts. At the time, this was roughly equivalent to $1.3 billion (USD).

Warren Buffett to Dine with TRON’s Justin Sun

Justin Sun, founder and chief executive of the TRON Foundation, and up to seven friends will soon sit down with famed investor Warren Buffet for a private lunch at a New York steakhouse.

The news emerged on Monday afternoon (UTC) when it was revealed Sun had bid a record-breaking $4,567,888 to win the charity auction, which was hosted in cooperation with the ‘eBay for Charity’ initiative. This is the twentieth year Buffett has auctioned off the so-called ‘Power Lunch’ for the benefit of the Glide Foundation.

Formed in 1929 and based in San Francisco’s Tenderloin district, the Glide Foundation serves the poor, homeless and/or those battling substance abuse.