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Can TRON (TRX) Soon Outshine Ethereum?

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The recent announcement by TRON’s (TRX) founder, Justin Sun, states that TRON MainNet already has over 100K registered accounts. Sun believes that even more of them will come soon due to TRON Virtual Machine.

TRON MainNet hits 100,000 users

There is no denying that TRON (TRX) has made incredible progress this year, even though 2018 so far has been one of the least crypto-friendly years in the last decade. TRON did not allow this to distract it, and has had too many achievements to count, most of which came in the last three months.

Instead, the altcoin is getting stronger and more resistant to negative market development. Not only that, but Justin Sun’s countless Twitter announcements have led to increases in this coin’s popularity as well. More and more people are discovering TRON, learning about it, and joining its already incredibly huge community

https://twitter.com/justinsuntron/status/1024947109617840128.

In fact, even though TRON launched its MainNet only two months ago, Justin Sun claims that it already has over 100,000 registered accounts. The soon-to-come TRON Virtual Machine (TVM) is expected to attract many more users, and Sun seems to be sure that TRON’s new Project Atlas will see that number eventually spike up to 100 million. Additionally, the block height of TRON has reached 1100078, with an official number of online nodes being 368.

With a situation like this, a lot of TRX enthusiasts have started wondering if TRON may be on its way to outshine Ethereum (ETH) like Sun promised.

TRON (TRX) before and after the MainNet launch

As mentioned, this was a big year for TRON, and a lot of changes happened in its ecosystem. Before its MainNet went live on June 25, TRON was still on Ethereum’s network and has used its ERC-20 token standard. Many believed that TRON will turn on Ethereum as soon as it got the opportunity to leave its network and that it would become its main contender.

Even back then, TRON’s dApp users exceeded 100 million, and it was largely believed that TRON will grow even stronger once it gets on its own blockchain.

Then, the MainNet was launched, and it was not followed by a period of stagnation. Instead, Sun’s team continued further development, bringing more and more partners, new products, and of course, TRON kept on its mission to close the gap between it and ETH. Generally speaking, TRON never abandoned the goal of becoming a better platform.

On several occasions, it launched bug bounty programs and rewarded its community for every contribution that they made. Additionally, it made a few steps toward expanding into everyday use by entering partnerships with a garage in the UK, as well as a taxi service in Spain.

One of its largest applications was also seen not too long ago when TRON made headlines for partnering up with Pornhub, which accepted it as a valid payment option. Finally, one of the most recent events was Justin Sun’s purchase of BitTorrent, and the announcement of the secret project. While fans of the coin were left to speculate what the project was about for several weeks at first, the project’s official reveal also arrived only days ago.

Sun stated that the project will involve merging of BitTorrent with TRON, which is expected to bring even more users, and help TRON go up to 80 times faster than ETH. It also allowed TRX to become the largest decentralized ecosystem today, and that is a major success for this crypto, which, despite everything that it already achieved, still doesn’t show any signs of stopping.

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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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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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