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Reasons Why TRON (TRX) Could Become a Suitable Social Media Alternative

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Amongst a large number of cryptocurrencies that exist in the market at the moment (circa 1800), TRON has been making its mark since it was first tokenized after raising a considerable amount of money as an ICO (Initial Coin Offering). As of this moment (March 22nd, 2018), TRON holds the 14th position on Coinmarketcap.com, with a market cap of nearly 2.5 billion USD. Hence there is no doubt about the amount of popularity this cryptocurrency was able to achieve since its introduction to the market a few months ago.

The main objective behind the development of TRON was to bring a radical change in the world of online media content by offering an ingenious decentralized platform that uses a combination of blockchain and peer-to-peer technology and makes entertainment contents around the world accessible to its users. In a world, where the entertainment and online media consume a large portion of an individual’s life, this initiative taken by TRON was deemed to be extremely effective.

Social media platforms like Facebook, Twitter, Instagram, etc. have become an inextricable part of human life nowadays. But still, all of these platforms are unable to cater to all of the requirements to their users. TRON’s blockchain protocol, on the other hand, aspires to be a perfect and an unimpeachable alternative to these websites. Here, a few aspects regarding this cryptocurrency would be discussed which will help you figure out why TRON can become a suitable social media alternative.

Collaboration with Gaming Industry:

Even before it was tokenized, the developers of TRON mentioned about its inclination towards gaming platforms and technology in its published whitepaper. According to this whitepaper, TRON is likely to develop an ingenious gaming platform in its fifth stage named Star Trek. The gaming platform would be similar to Augur, another well-known gaming platform. However, in its current Exodus stage, this cryptocurrency is collaborating with various gaming industries to strengthen its grasp on the cryptocurrency market.

  • Collaboration with BitGuild: Among the recent events, TRON involving itself in a strategic partnership with the renowned gaming industry BitGuild has made a pivotal impact on the entire market. The main objective of this strategic collaboration is to offer the TRX holders a sui generis combination of blockchain and gaming platform that they can use to purchase in-game items safely. This partnership is also likely to provide the opportunity to regain the ownership in the virtual world of gaming. The announcement of this partnership had an instantaneous impact on TRON’s individual price and market capitalization. If this collaboration lasts, it can make TRON’s position nearly unassailable in the world of entertainment and gaming.
  • Partnership with Xu Le and Game.Com: On January 3rd, 2018, TRON’s founder Justin Sun first announced the news of this partnership on his personal Twitter account. Both of these gaming portals are dedicated to growing the overall gaming industry through the usage of various cryptocurrencies as a valid medium of transaction and payment. As a result, the blockchain technology of TRON and its cryptocurrency TRX have been extremely compatible to both of these platforms. Because of this partnership, the utility of TRX among gamers has increased considerably.

Due to these partnerships, the transaction of TRX token could have implication through the entire network in future. Being successful at a certain stage of a game could lead to winning rewards and carrying them over to other stages of the game. In consequence, both transaction and the circulation of this cryptocurrency would escalate significantly.

Digital Ownership and Media Publications:

Besides taking initiatives to make useful contributions to the gaming world, this blockchain protocol is also gradually bolstering its grip on media publication. It endeavors to make media contents like scholastic publications, online books, pictures, videos, and much more accessible to its users by creating a constant network for direct publication and direct ownership. Furthermore, TRON can also be used for academic endeavors as well. Educational institutions can use this cryptocurrency for online courses and classes for the betterment of their students.

Vis-à-Vis with Social Media:   

Recently, Facebook, a social media giant banned all cryptocurrency ads from its platform as an initiative to avoid scams and other malicious activities. Google followed the same path as well for similar reasons. TRON’s development was based on providing an alternative solution for popular websites like this. With an efficient technical team behind its development, TRON is likely to combine three essential entities such as a commercial transaction, distribution, and social sharing for its users all around the globe. As for the recent security concerns, TRON’s platform has proven to be impregnable for hackers unlike other cryptocurrencies in the market. Although it is impossible to foresee the future of any digital currency because of the market volatility, from the above factors, it can be concluded that TRON has certainly the potential to become a David against the Goliaths like Facebook or Twitter.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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.

Image courtesy of visioncreation.co.uk

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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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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