Ever since the blockchain technology became popular, numerous use cases were conceived and conceptualized. Even so, only a few of them made the light of day up to this point. One of them is the blockchain’s potential for bringing decentralization and democratization to the content creation and storage in the modern day.
Blockchain functions as a P2P platform, which means that it offers significantly better methods of creating, storing, and sharing content. This works even better than centralized platforms like Spotify or Netflix, since they provide their users with open networks, instead of charging them fees for even using the platforms in the first place. Additionally, these networks are not governed by third parties, but by their developers themselves.
TRON is a perfect example of one such platform, and its strategy for growth has been extremely successful lately. TRON’s goal has always been to bring decentralization to the internet. That way, the content creators would be in full control of their content, its distribution, and everything else regarding the activities that surround it. In a recent interview, TRON’s creator and CEO, Justin Sun, shared his views on the matter, as well as TRON’s goals, and even the coin’s recent partnership with Japan’s LINE.
The Justin Sun interview
During an interview, Sun stated that TRON became one of the most competitive public chains around the world after celebrating its Independence Day on June 25. He also mentioned that August 30th is when the TRON VM will officially join the MainNet. Right now, TRON is doing extremely well, and its popularity is constantly growing, with over 200,000 active accounts already on the network.
When asked about the company’s plans for making monetary incentives for content creators, Sun stated that getting the content out has always been TRON’s top priority. The creation of a healthy ecosystem where this could be possible was the first step, which is something that TRON already largely achieved by becoming an established major public chain. Once again, Sun brought up the vision of the decentralized web as TRON’s final goal.
When asked about the company’s role in maintaining and managing the network, Sun stated that the entire point has always been to provide the best service, which is something that has not changed. The company aims to provide a safe, fast, and above all — reliable product. This product would be available and usable on mobile and desktop alike, which will provide users with constant access, and best possible service.
He continued to add that Project Atlas takes most of the developers’ focus at the moment, as it is a very big step forward for TRON and its goal of a fairer internet. He also pointed out that the project is collaborating with BitTorrent, which will also help with extending the durability of torrent swarms and even bring additional benefits, like providing seeders with rewards, adding additional resources to the ecosystem of torrents, and alike. Eventually, the project is to revolutionize the way that content is shared and consumed.
Sun then talked about the process of adding TRX to a new exchange, stating that the main concern is that the exchange can provide a reliable and safe experience. Each new addition to the exchange network needs to be user-friendly, provide a mobile experience, and if it is located in a country that is just opening up to cryptos, that’s even better. That way, TRON is available all around the world, which will help with decentralizing the web on a global scale.
He also reflected on TRON Super Representative election, stating that he felt the need to run for an SR in order to make sure that the network will remain safe and reliable at all times.
Finally, Sun stated that TRON’s addition to BITBOX was a huge step forward since Japan and Korea are very important markets that do the majority of work for the tech and crypto industry. Tapping into this market’s potential can only help TRON, as well as its users in these areas, which is why the company is looking forward to further cooperation with BITBOX and LINE alike.
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Can Libra help the crypto industry to reach new heights?
The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.
From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.
What is Libra?
Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.
Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.
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