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4 reasons to get on Tron (TRX) ride before the Main Net goes live

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The Tron Main Net is just about to go online on coming May 31st. It’s only three days away from now and chances are it’s going to be one of the year’s main events in the cryptocurrency community.

It’s a huge deal. Tron will become independent from Ethereum’s blockchain and go on its own. Remember that Justin Sun‘s (Tron’s founder and CEO) vision is not just about a successful crypto coin. He wants to create a web that is fully decentralized in which content creators do not need to rely on corporations or central authorities to monetize their work. It’s ambitious on an epic scale, but Mr. Sun’s previous successes make us think that he could just pull it off, given enough time.

As Tron’s new Main Net comes live it will be a full platform to create decentralized applications. An operating system working on a new, independent blockchain. It can support lots of apps, transactions times will be very short, transaction fees will be ridiculously cheap. As Tron leaves behind Ethereum and the ERC-20 blockchain, possibilities will expand incredibly.

The Main Net is not online yet. So you’re still in time. Let me give you four very good reasons to get involved with Tron and Tronix (TRX) before the Main Nets goes online and changes the game for everybody!

1. Transaction costs

Within the new Main Net transactions will be so cheap that you will have a hard time telling the difference between their fees and free transfers. No, seriously. It will cost 0.00005 USD per transaction.

Let’s be even clearer: one penny will get you two hundred thousand transactions in Tron’s new Main Net. Compare this with how much it costs to do business in Bitcoin or Ethereum (from one to five USD per transaction). This feature alone will make Tron a more attractive option than Ethereum.

2. Speed in transactions equals the volume

Ethereum has been very criticized because it lacks scalability. Tron’s new blockchain will solve that bigtime. Tron’s new net will handle more than a thousand transactions per second (not impressed? Bitcoin can handle only one every ten minutes!). This kind of speed will allow bringing volume around.

As Tron goes away from Ethereum it will become unleashed (from 25 TPS to 10,000 TPS). This will attract the attention of potential partners who are looking to use the blockchain technology to do things faster, cheaper and more reliable.

3. Custom smart contract support

Tron’s new Main Net will include support for smart contracts, and it doesn’t even need a custom programming language as EOS, Ethereum or Stellar. Java does the trick. This opens up the field for developers that don’t need specialization in crypto stuff. Java is as a standard a programming language as you can get. These contracts will be easy to develop, they will be highly scalable, fast, lightweight and fully decentralized.

Tron knows what it is doing. They already have several decentralized apps ready to be deployed as soon as the Main Net goes live. And once the world sees what the Tron Net can do, the number of apps can only go up.

4. Integration

Tron’s new blockchain will go live, it will be fully autonomous and then Tron will be able to run apps and issue tokens for its partners. This will make the crypto community and outsiders confident in Tron’s technology (Mr. Sun’s charismatic leadership and close association with Alibaba‘s Jack Ma won’t hurt either). Once each Tron’s partner has its app running in full over Tron’s new main net things can only explode. It will bring new users and developers, trading volumes will go up and customers will erupt like if nothing.

As neutral observers watch Tron’s success and the things it’s doing for its partners, they will want to join in.

So are you thinking about investing in Tron’s TRX? What are you waiting for? The last week wasn’t great for any digital coins at all, but the thing is, Tron is still cheap. You can get it in volume and then just sit back and see how it increases in value. This is the time and we sincerely think you will not regret it.

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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 Pxhere.com

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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