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80 Time Faster and more. The Tron (TRX) Network Is Better than Ethereum, Says Justin Sun - Global Coin Report
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80 Time Faster and more. The Tron (TRX) Network Is Better than Ethereum, Says Justin Sun

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Tron
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The Tron Virtual Machine (TVM) launch on the 30th of June, is expected to be one of the most exciting technical events on the Tron calendar this year after the Mainnet launch (May 31st) and token migration (June 21st). In addition to the launch of the TVM, Justin Sun and the Tron foundation have promised to unveil a secret project that is unknown at the moment of writing this.

In preparation for the event, Justin Sun has Tweeted that the Tron network is better than Ethereum’s due to more transactions per second and the future integration of the BitTorrent platform into that of Tron. The full tweet can be found below.

The Tron Virtual Machine will be the gateway between the Ethereum Platform and that of Tron. The TVM will support numerous programming languages. The two that have been revealed so far at the moment of writing this, is Ethereum’s solidity as well as Java that is the core of Tron’s mainnet. There are plans to integrate the EOS Virtual Machine into the TVM for porting DApps in the EOS platform. This is just a mild example of how flexible the Tron network will be once fully operational. Ethereum DApps will migrate to the Tron mainnet faster than a speeding bullet!

What remains to be seen, is this secret project that many TRON fans believe is tied to the BitTorrent acquisition. One Steemit user had a very clear explanation of what it could be. He stated that:

“Imagine a file sharing platform where leechers have to pay seeders! You now have a system where seeders get paid to seed. This dynamic then creates a balanced ecosystem where everyone is happy. Leechers get to leech for a nominal fee, and seeders get paid to seed. It’s a win-win for everyone and will create many 1:1 users who leech just as much as they seed, effectively breaking even. This is how file sharing should operate.”

Whatever the secret project turns out to be, it will be one step closer to Tron decentralizing the web and becoming the preferred platform for DApp developers and their users. Some investors are already shorting ETH due to congestion on its network and seeing an ‘over-hyped’ digital asset. This is a chance for TRON to fill the void being slowly left behind by Ethereum due to scalability issues and expensive transactions. TRX will probably skyrocket in value in the process.

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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.

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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