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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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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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Blogs

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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