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Here Is How BitTorrent Is the Golden Goose for Tron (TRX)

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At the backbone of the philosophy of blockchain technology and cryptocurrencies is decentralization. Before the popularity of the two aforementioned industries, no other peer-to-peer network exemplified decentralization as well as the BitTorrent sharing platform. It is no wonder Justin Sun and the Tron (TRX) Foundation acquired the company just a few weeks ago. Also to note is that BitTorrent has been mentioned 8 times in the original Tron (TRX) Whitepaper.

So how will BitTorrent become the Golden Goose for the Tron (TRX) project?

To begin with, BitTorrent was a pioneer in distributed computing. The platform uses a file sharing mechanism that increases download speeds by sharing files in chunks or pieces. The pieces are gathered simultaneously from sources held by individuals who allow the network to access the files in their machines which are part of the Peer-to-peer network. This means no single machine can disrupt the availability of content by being offline. Others in the network with the content will continue to make the content available.

The network already has millions of users and the Tron Foundation can tap into this user base through incentives. The most likely incentive will be financial and in the form of TRX. As a result, these machines that are already in the BitTorrent network will further the decentralization of the web as envisioned by Justin Sun and the Tron Foundation.

The BitTorrent network will enable the storage and sharing of digital content on the blockchain. When any new digital content is created in the Tron Network, it will be stored in a manner similar to that of BitTorrent. This will make access faster and a matter of gathering the files for download as is the case with the existing BitTorrent platform. Users in the network can be given incentives to store this digital content and keep their access open at all times. This will further reduce the need for huge centralized servers to store all the digital content and even further reducing the energy consumption of the Tron Network.

There is also the over-the-top possibility of eventually implementing sharding in the Tron Network through the existing BitTorrent network. The concept of sharding has already been showcased by the Zilliqa project with the Ethereum foundation also exploring means of employing sharding to solve the scalability issues on the platform. Perhaps all that is needed is a tweak in the code of BitTorrent to employ sharding.

Justin Sun has even hinted on a secret project starting on the 30th of July and after the launch of the Tron Virtual Machine. Will this secret project be sharding?

In conclusion, the acquisition of the BitTorrent company and its corresponding platform, catapults the Tron Project a few steps further than even Zilliqa and Ethereum. It does this by having a ready peer-to-peer network where the current users can be given incentives to assist in the storage and access of newly created digital content on the blockchain. There is also the possibility of the Tron Foundation eventually introducing sharding through the integration of the BitTorrent network.

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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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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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