The era of Tron (TRX) alike value-adding cryptocurrencies makes it is easy for the borderless settlements of funds and value. However, as more advanced digital assets are created, we see increased use cases of smart-contracts, Dapps, etc., which makes it possible for the platforms to handle the high volume of transactions.
In October, Tron successfully surpassed Ethreum’s daily transactions, and its monthly transaction growth was a whopping 58% while Ethereum improved by only 3% concerning daily transactions. It is a major achievement for the cryptocurrency given that its Mainnet was launched a few months ago. TRX Colony tweeted yesterday,
#Tron's avg daily transactions in October INCREASED by 58% from September, while #Ethereum's increased by 3%.$TRX's avg daily transactions this month was 75% that of $ETH's, just 4 months after #TRX's mainnet launch!
— TRX Colony (@TronColony) November 1, 2018
It is essential to note that the launch of the Dapps on its network are the key reasons why Tron’s avg daily transactions have reached the level that they are at today. Subsequently, the recent increase in the average daily transactions of Tron has been attributed to Tronbet, and blockchain firm’s numerous partnerships – it teamed-up with Baidu not too long ago.
In the middle of this month, the Tron Foundation had tweeted,
TRONbet, a provably-fair dice game, is one of the many gaming #dapps that are being built on the #TRON network. On the first day of the release, TRONbet was played over 10,000 times. Check them out here! https://t.co/sc0O712Ngu pic.twitter.com/gQfxU1xiAb
— TRON Foundation (@Tronfoundation) October 17, 2018
Ever since Tronbet was launched, it has attracted more people and has made Tron clock more than 500,000 transactions in a single day. Three days after the launch, it surpassed Ethereum’s average number of transactions.
Typically, the increased number of the average transactions showcases success on any blockchain network. The more the number of transactions, the better the platform is assumed to progress. With that in mind, if a blockchain network starts showing downtimes due to the increased number of transaction it has, then it shows the blockchain is inept.
Before now, other blockchain networks like Bitcoin and Ethereum have faced lots of criticisms due to the lack of ability to process a bigger number of transactions. Yes, even though BTC and ETH are developing other schemes to bail their network and services, investors are looking for more scalable models of blockchain networks, and Tron seems to be a part of those models.
Tron’s average number of transactions in the month of October was up to 75 percent than that of Ethereum’s, and it can handle more than 2000 transactions per seconds. The ability to process a massive number of transactions per seconds makes Tron a favorite to Dapps developers worldwide.
Tron Has More Dapps Coming Up
More Dapps are coming up on Tron’s network as it is part of its aim to have a decentralized internet. Tron has seen the movement of Dapps from Ethereum to its blockchain system, due to the reputable scalability.
Not too long ago, the first game on its network that got launched on its network reached 300 million TRX payouts. Moreover, a gaming platform called Bitguild has stated that its latest game will be created on Tron’s network very soon.
Nevertheless, if Tron continues to scale-up the average number of transactions on its network, we might see a repetition of the achievement in November.
TRX Market At The Moment
At the time of writing, the price of TRX stands at $0.02294 with a market capitalization of $1.5 billion. The cryptocurrency looks green with a decent surge of 2.24% in the last 24 hours.
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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.
Image courtesy of MabelAmber/Pixabay
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
Is it legal to gamble in Bitcoin casino?
Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.
Key facts on Legality in Bitcoin casinos
Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
The necessity of Gambling License for Bitcoin casinos
In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.
There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…
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