Connect with us


Cardano (ADA) Proposes a Partnership with TRON (TRX)




The entire crypto community, and especially TRON (TRX) and Cardano (ADA) enthusiasts were left completely speechless a few days ago when ADA’s co-founder proposed a cooperation between ADA and TRX. TRON did not immediately accept the proposal but has promised to look into it.

Charles Hoskinson makes an unexpected proposal

Despite the large shifts in the crypto market, that have mostly been negative towards the current situation of most cryptocurrencies, some of them still manage to advance. TRON (TRX) and Cardano (ADA) are among the few coins that are continuing to improve and score on business partnerships almost every other day. Because of this, most have seen them as rivals, which is why nobody saw Cardano’s proposal to TRON coming.

A few days ago, on June 25, Cardano’s co-founder, Charles Hoskinson, has made an unexpected move when he posted a tweet in which he addresses TRON’s founder, Justin Sun. Many were expecting to find some sort of TRON-bashing, which is why they were left speechless when Hoskinson wrote what it seems to be a legitimate business proposal between the coins.

The proposal was confusing, to say the least, and not many people dared to believe it at first. If true, many thought that this would have been an amazing opportunity to establish a strong partnership between the two. Not only would it be beneficial for both coins when it comes to stability, strength, and support, but would also help all crypto, since it would be a major step towards global adoption.

To combat the skepticism, Charles Hoskinson even confirmed that this is not irony and that he is completely serious. According to him, TRON’s use of Ethereum Java is holding this coin back, and Hoskinson has offered TRX to start using Cardano’s Mantis client. Mantis, according to Hoskinson, offers a much better code, security, as well as a DPoS-style protocol.

Sun doesn’t say no, but still doesn’t give an official response

Considering that TRON is currently still in the process of achieving total independence from Ethereum, this would allow it to make that extra step and completely turn its back to Ethereum’s network. Sun responded two days later, on June 27. He stated in a tweet that TRON is on its way to create the best possible blockchain and that the team will look into what Mantis has to offer.

Crypto experts and enthusiasts were basically holding their breath during this entire correspondence, wondering what will happen and how it might influence both cryptos. The idea itself was received with a lot of hype, and many see the benefits of such a partnership.

Both coins received support on social networks, Twitter especially. Others speculated what this might mean and whether or not will TRON actually accepts the partnership on Reddit. The strongest opinion is that agreeing to use Mantis would be the best possible decision by TRON at this point.

Mantis would allow TRON much more space and exposure, and through its use, it might finally be able to fully rival Ethereum. Still, it would appear that Sun is still thinking this idea over since no official statement has yet been released. The fact that TRON did not refuse is definitely reassuring, but both communities are anxious to hear the final verdict.

For the latest cryptocurrency news, join our Telegram!

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 Pexels


3 Things to Avoid if You Want Your ICO to Succeed




Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

Continue Reading


Reasons Behind The New Bitcoin Crash



Bitcoin crash

Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

Continue Reading


Here’s Why This Coin Still Has Wings (WINGS)




WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

Continue Reading