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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

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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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