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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

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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Altcoins

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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