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Here Is How Tron’s (TRX) MainNet Launch Outgunned That of EOS

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The word ‘outgunned’ is defined as outdoing or overwhelming your opponent by superior forces. Once you read the word, you think about the numerous Hollywood movies where the action hero with the most guns wins the final battle. But this is no war-zone; neither is it a movie. It is the world we love of crypto and blockchain. In this world, we have witnessed the launch of two magnificent Mainnets in the last one month. That of Tron (TRX) and that of EOS (EOS).

Both were equally exciting for the buzz around the crypto-verse was that these two projects were plausible Ethereum killers. But that is where the similarities end. The launches of both MainNets were totally opposite as shall be elaborated.

Constant communication by both projects

Justin Sun has overcome FUD to become one of the most trusted faces in the crypto-verse. His constant communication to TRON believers is second to none with clear milestones and roadmaps of when the MainNet was to be launched as well as what would happen after. We knew the dates and exact time with timezone references, as to when the MainNet would be launched as well as the Genesis block. There is also constant communication on the status of the ERC20 token migration as well as coin burns and token lockups.

EOS, on the other hand, has no such public figure to reassure the project believers about what was happening during the Mainnet launch. As a matter of fact, no one knew for sure if the MainNet was to be launched on the 2nd of June or the 3rd of June. Also, there is no one figure to elaborate the on-goings in the current constitutional crisis.

Bugs and Bug bounty programs

With the respect to bugs, the EOS MainNet was found to have a severe bug only days before the launch of the MainNet. This bug could allow a rogue miner to hijack the entire network using a smart contract and start wrecking havoc in the form of mining other blockchain networks. The bug was patched and a bug bounty program was soon initiated with a reward cap of $10,000.

Tron then took it upon itself, through Justin and the Tron Foundation, to make sure they had a lucrative bug bounty program when the MainNet was launched on the 31st of May. The upper cap of the reward was set at $10 Million meaning the best of the best of security experts and teams probably went knocking at the door of the Tron Foundation seeking to test the MainNet. As a result, the Mainnet has not experienced any known bug since the genesis block went live.

However, EOS has experienced another glitch that has resulted in several accounts being frozen as well as a constitutional crisis.

Constitutional crises

Block.one, the creator of EOS, is proposing the abolishing of the current constitution less than a month since the MainNet released the Genesis block after a voting stalemate. On the other hand, the Tron project currently has Super Representative elections ongoing with plans of a constitution in the works.

The difference is clear

One can argue that Tron managed to learn from the immediate mistakes of EOS. This is a very valid way of viewing things. Then again, TRON has for the longest of times being the underdog in this crypto-verse with EOS enjoying parade-like praise since the inception of the project. This means that the team at Tron had to put in double the effort to prove their mettle. The planning and execution witnessed through the Tron Foundation can only be described as being meticulous. Perhaps it is this attention to detail by the team that will eventually make Tron end up outshining Ethereum.

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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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