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3 Major Impacts of TRON Main Net Exodus

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TRON’s Main Net launch update, titled Exodus, will mark the advent of the cryptocurrency functioning on its exclusive blockchain. As of now, Exodus is targeted to go live on March 31st, 2018, and will usher in a host of new features and increased usability for the TRX cryptocurrency.

  1. Unparallel utility for TRON: TRON founder Justin Sun tweeted the ways in which the Exodus Main Net will make TRON a top contender as one of the best-performing currencies in the crypto market. The features are as follows:
  • Negligible fees: Like Ripple, TRON is planning to create a smooth experience for consumers of TRX. It starts with reducing transaction fees to the point where it gets almost non-existent. The TRON team’s status update states that TRX-based transactions on Exodus will require a consumption of only 0.0001 TRX in the process. Thus TRON would become the least expensive cryptocurrency to use in terms of fees. It would take an impossible price-per-coin of 1000 USD for TRX fees to elevate above the 0.01 USD mark. At the current price of TRX, a single penny would help you net 20,000 transactions on Exodus. The TRON team clearly recognizes how high fees act as a barrier to the usage of cryptocurrency.
  • Scalability: Crypto market is at crossroads as investors are growing impatient for use-cases and the field as a whole needs to continue expanding and driving innovation so that a steady decline can be avoided. Scaling is at the core of the issue, with most currencies being unable to handle the overwhelming load of a true payment platform. TRON is attempting to increase its scalability and bring it at par with the more scalable cryptocurrencies, by posting 1000+ tx/s on the Exodus network. If TRON continues to foray into the entertainment industry-disrupting technology that Sun is endeavoring to create, that number will likely have to reach up to 1000+ tx/s. But as of now, Exodus will have no difficulty handling the network load for TRX, and enable the currency to keep on growing into and dominating over the gaming industry without facing the barrier of scalability. TRON’s Main Net will ensure TRX does not fall into any trap of stagnation which arises from price speculation and profit motives. The team’s main goal is to keep their focus on the utility of the currency and its implementation as a tool to solve real-world problems.

2. Differentiating TRON from the market: The field of cryptocurrency is brimming with transaction-based tokens and ERC-20 derivatives. TRON’s exit from the Ethereum network onto its own platform for Exodus creates a fresh space for the currency to exist. Other cryptocurrencies can be built upon the Exodus network as well. This increases the number of ways in which TRON can be developed as a currency and thus contributes to the expanding utility of TRX. However, it also positions TRON as a flagship technology in its own right. Sun has created a vision for what TRX is trying to achieve: disrupting the entertainment industry and overhauling the way these various platforms starting from gaming and social media, are conducting business.

The whole crypto industry is having to recover from past pure price speculations and poor investment prices. Most of the FUD surrounding TRON is the product of investors crashing from the fall of January 2018’s all-time high expectations. With the launch of the Exodus, TRON is attempting to differentiate itself from the majority of copycat currencies and weak projects that are stagnating the industry. The next logical step for Sun and his team would be to change public perception and entrepreneurial interest for TRON from another ERC-20 token to something innovative and a class of its own.

3. Building a platform for success: The big goals for the disruption that TRON has set out to achieve through Exodus, are starting to take the form of drastic, industry-changing companies. Big projects pave the way for fierce competition. It might be hard to comprehend the consequences of disruption of the entertainment industry, which is what TRON is aiming for. Part of the confusion surrounding the white paper is a simple lack of clarity regarding Justin Sun’s vision for TRON. But, needless to say, blockchain and cryptocurrency represent two highly path-breaking technologies that have not been utilized to their fullest potentials. Consider the case of Bitcoin. It can be spent like money without having to use government fiat. But the question arises regarding its function in the real world; i.e. what benefit does it yield somebody who is using Bitcoin instead of their debit card.

TRON also gives rise to similar hard questions. Outside of TRON Dogs and a growing list of potential collaborations, the implementation for TRX is not setting the industry-standard in the way that Ripple has succeeded to integrate through the financial industry. All these could change completely after the launch of the Exodus.

Conclusion:

Sun has already laid out how the usability of TRX on the Main Net will equip the coin with the ability to compete as one of the top five cryptocurrencies. The platform for success has been built; it is now time for TRON to fulfill its likeliness as an industry-changing currency.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Paul via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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