In the next month, several events will happen on the cryptocurrency market at once, which can affect both the value of individual coins and their total capitalization.
Launch TRON 4.0
At the end of May 2020, the imminent launch of TRON 4.0 was announced. This update should be a “turning point” for the project, said its founder Justin Sun. Confidential smart contracts will appear on the TRON network, the block confirmation time will be reduced from 53 to 3 seconds, cross-chain support will appear, and a universal framework for business solutions will also be presented.
What may affect: Tron Course
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ICON Network Update
ICON developers presented a project update schedule. On July 14, an update will be released for Pagoda, Yeouido, July 20 for exchanges and July 27 for the main network. Developers will add the ability to duplicate the P-Rep private key, stacking and delegation function for SCORE. Multiple periods without stacking will also be added and the number of delegations will be increased from 10 to 100. The developers emphasized that additional updates are possible during the month, which they will report in the coming weeks.
What may affect: ICON Price
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Zcash Network Update
On July 16, 2020, the fourth major update, Heatwood, will take place at block 903,000 in the Zcash network. On its blog, the developer Electric Coin Company announced two major changes to the ZIP 221 (FlyClient) and the ZIP 213 (Shielded Coinbase). The first is designed to provide greater compatibility and interaction with different blockchains, and also reduces the requirements for devices with limited resources. The second will affect the transactions for the block mined by the miners. Prior to upgrading, such transactions required significant RAM and CPU resources.
What may affect: Zcash Cost
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Burning BNB Tokens
The second quarter of 2020 has ended the time has come for the next, quarterly burning of Binance exchange tokens. In the last quarter, a record number of coins were burned: 3,373,988 BNBs with a total value of $ 52.5 million. Currently, slightly more than 20 of the 100 million BNBs planned for burning are withdrawn from circulation, which makes up 50% of the total issue.
What may affect: Binance Coin Course
