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Here Is How Ledger Nano S Supporting Tron will send TRX to The Moon

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The popularity of the Pirate genre of movies is accompanied by myths of hidden treasures stashed away in islands around the globe. There is even a bunch of guys who dive at various sites in the ocean believing that there is a sunken pirate ship or even a military ship from Spain with a lot of gold from El Dorado. The thing is, whenever someone, or a country, knows they are in possession of some valuable treasure, they hide it. The same can be applied to the owners of the Tron (TRX) cryptocurrency. They know they are in possession of a gem that will probably even earn them 100,000% in gains in 5 to 10 years if all goes according to plan with the Tron project. Therefore, they want to hide their TRX in a safe place.

So how do you keep your Tron (TRX) coins safe and away from hackers that like targeting crypto exchanges and online wallets?

You get a hardware wallet that will store your TRX offline in a digital vault. This is where the Ledger Nano S comes into play. The hardware wallet has been the choice of many since last December during the Crypto bull run. Even the manufacturer could not keep up with demand for the device. They even ran out of the Ledger Nano S devices back in January. Getting one now is also proving to be difficult because the little gadget that stores your huge treasure, is what everyone is looking for.

Now, the same device now supports our favorite coin of Tron (TRX). Yes. TRX is now a coin ever since the Genesis block was launched on the 25th of June and the token migration having been concluded in most of our favorite exchanges. This has even led many to predict that buying TRX now, would be like buying Apple and Amazon stock in the 90s.

The act of TRX holders stashing their Tron coins in cold storage in the Ledger Nano S will reduce the supply in crypto exchanges. When supply reduces and demand stays the same, the price of the digital asset has nowhere to go other than up. There is also the added benefit that a HODLer of TRX will think twice before selling their TRX that is in a hardware wallet. There is the procedure of logging into your device and then logging into your Tronscan Desktop client. This sort of long procedure will dissuade many from selling their TRX in the Ledger Nano S.

Another thing is that, those already with the hardware device and were not TRX holders because they had nowhere to store their digital assets, can now buy TRX and store on the Ledger Nano S. Crypto security is the number one reason many crypto-enthusiasts prefer the traditional big 5 assets of BTC, ETH, LTC, XRP, and ETC. These 5 assets are supported by numerous hardware wallets. Now TRX can join the list of ‘safe’ digital assets.

In conclusion, the new option of storing TRX in a Ledger Nano S will further encourage Tron fans to remove their TRX from exchanges and into the device further decreasing the circulating supply hence increasing the value of the digital asset. There is also the added fact of TRX joining the list of coins now supported by the hardware wallet making it possible for more crypto-enthusiasts to buy and store the coin safely in the device. This too will contribute to the dynamics of increasing the price of the digital asset all the way To The Moon!

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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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