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Major Shake-Up of Crypto Landscape Expected By Tron-USDT

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The feud between Justin Sun and Vitalik Buterin has been very public and the leaders of Tron and Ethereum respectively have been at each other’s throats from the day Tron announced its own mainnet. Recent evidence seems to point to Sun getting the better of Buterin for the time being, particularly in the areas that Sun said they were looking to make the greatest impact. These areas are dapps and smart contracts.

USDT could be what puts Tron truly ahead of Ethereum

While Tron has been making waves in the dapp sector, outpacing Ethereum to gain an extensive lead with the number of active users. Tron has boasted that they have over 267 thousand active users, which makes the Ethereum (151000) and EOS (197000) numbers pale in comparison. These aren’t numbers that are received by internal surveys though, they all come from a trusted third party site called DappReview. Following on from the acquisition of BitTorrent, the number of users that Tron has could catapult into the hundreds of millions.

Then there has been the launch of USDT on the Tron mainnet. USDT is a stablecoin that is backed by dollars. One USDT, one dollar. It retains a stable value because it is backed by a stable currency – the most stable in fact. Hence the term stablecoin. Due to the currency being pegged they can act as a fantastic medium of exchange on the extremely volatile cryptocurrency markets while at the same time being traded back and forth much like other cryptocurrencies.

USDT has been relaunched on the Tron mainnet and it is going to be using the TRX20 token protocol. Sun is looking to use the partnership to allow the cheap, quick cross-border transfer of monetary value and it is all going to be on his network. Blockchain is cheap, fast, secure, reliable and decentralized. Killing off the volatility of other cryptocurrencies is key to making a token useful as a means of payment.

What could it be good for?

Having the option of a US Dollar backed token on the TRX framework will give P2P payments a lot more validity should they be done over Tron’s network. Remittances will be far faster than ever before and cost a lot less. Many people all over the world send money to families in developing countries. Someone earning thousands of dollars can totally change the lives of their family by sending $100 to their homeland.

The problem with that is the cost. Many services (banks, Western Union) charge a hefty fee for sending money. They use outdated systems that are not built for this modern world. It is the biggest driver of blockchain adoption in the world and Tron is looking to get in the game big time. Other uses could be payments for entertainment (particularly with the buying out of BitTorrent), microfinancing and crowdfunding. All these activities will be made much easier now that there is a stable store of value on the Tron network.

Shadows behind the scenes

there are problems with Tron, however. Many in the crypto industry see him as a single point of failure and laugh when anyone mentions that Tron is a decentralized network. Many believe (rightly) that it is in fact far too centralized. There is also the quirks of the CEO to take into account. He was recently made to look a fool by announcing a partnership with Liverpool FC, only to have spokespeople who were asked for comment to reply with “What is Tron?”. If he can calm his leadership and show that Tron is serious about decentralization, then we might have a winner on our hands.

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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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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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