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Justin Sun: Tron (TRX) Mainnet is Alive!

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One of the most expected events during the past couple of weeks revolving around Tron as well as in general among the crypto community is without a doubt the launching of TRX own Mainnet. The launching was originally scheduled for May 31st and the beginning of June 1st, so we finally got to see the Mainnet being launched with the arrival of the mentioned date. During the live presentation and prior to the launching of the network, Justin Sun and Tron Foundation tweeted that Tron Mainnet is alive!

Tron Mainnet Launched Today

It all started out weeks ago in reality as the euphoria due to the expectation of the Mainnet started out with the announcement that TRON’s own network will be launched on May 31st.

The initial date of the launching has finally arrived, so we could follow up with a live presentation of the Mainnet, as the presentation was being live streamed via Ton Foundation official Twitter page. The event was said to be the beginning of a new era for Tron Foundation and TRX, as TRX just got its independence with the mentioned Mainnet launch.

So, to celebrate the event of acquiring independence for TRX in form of launching its own Mainnet, Justin Sun tweeted prior to the live presentation of the network that there will be a reward giveaway taking place during the live stream of the Tron Mainnet launching.

With the call out to all “Tronics” to click on the provided link in order to win TRX units as a reward, Justin Sun symbolically bespoke: Decentralize the web.

During the live presentation with Justin Sun as the main star of the event, Sun presented the effort of his team, stating that they are running ahead of Ethereum as he had compared the developmental stages of both network, stating that TRON made it with implementing changes and making improvements in the course of only 3 months, which took Ethereum over 30 months to complete, in accordance with Sun and his team.

In addition to the mentioned comparison with Ethereum, Sun stated that his team was working for 12 hours a day, 6 days per week in order to provide amazing results for Tron Mainnet.

During the period within the team was working on the Mainnet, developers have made over 2100 commits in the course of a couple of months while including over 500 branches and making 15 releases.

In addition to the above-provided data, Sun stated that the TRX team made nearly 400 unit test cases while performing 461 feature test cases prior to the launching of the Mainnet.

The presentation lasted for more than an hour during which Justin Sun and his team presented everything they’ve been working on for the past couple of months while presenting Tron’s own network at the same time.

Odyssey 2.0 is Going Live

The mainnet was launched today at 12 am UTC, being released under the name of Odyssey 2.0. During the live presentation of the mainnet, Justin Sun also added that the network is made ready for smart contract operations alongside with tools for token creation, while the new network will also get its own digital wallet.

Justin Sun was proud to announce that the new network came with more features as well as bringing faster transactions to the TRX blockchain. Odyssey 2.0 will also allow the distribution of the third-party decentralized applications.

This is indeed a major move for TRON so it is more likely to see TRX spiking up against the dollar in the upcoming days due to the Mainnet launching that took place today as scheduled. Sun added during his presentation during the event of the mainnet launching, that their team is heading towards excellence with having Tron being transformed from a protocol to a full-scale ecosystem.

He further stated that their network will be able to allow people to embrace new opportunities that go beyond the technological capabilities of Ethereum, that way stressing out that TRON is aiming at taking over the spot of the best platform now that they have finally launched their own network.

Justin Sun also added that the Dapp developers will be able to work in a more scalable ecosystem with more chances for better commercialization thanks to the features available on Odyssey 2.0. Odyssey 2.0 was said to have been available on GitHub prior to the official launching on May 31st, which has now been declared as the Independence Day for Tron and Justin Sun.

Since an important milestone in TRX’s roadmap has just been crossed out of the list, we can now expect new objectives and goals to be listed out on the behalf of further development of Tron and TRX.

How is Tron doing at the Current Moment?

Although Justin Sun just held one of the biggest events that Tron has ever had, the market trend seems to be tougher than the enthusiasm of Tronics, as Justin Sun calls TRX holders.

That means that we can see TRX dropping against the dollar at this moment, despite the mart event of having its own Mainnet launched.

So, even though TRX has acquired its own independence, this asset is still not immune to the tough currents of the shaky crypto market, so we can see it trading in the red even though a great portion of currencies is being traded in the green at this moment.

After the latest change in the market, TRX has dropped by -5.28%, which is a horrific dip for TRX at this moment, which made it available at the price of 0.060$ per one unit.

Tron marked an all-time high back in January when TRX could be traded around 0.25$ per one unit.

With the latest event of launching their own Mainnet, it is more than possible to see Tron (TRX) thriving towards its previous record price in the following months.

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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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