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3 Major Impacts of TRON Main Net Exodus

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TRON
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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

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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