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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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