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

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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.

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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