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Justin Sun: Tron (TRX) Mainnet is Alive!

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TRX
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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