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Reasons Why TRON Recent Updates are going to Bring More New Investors

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TRON

TRON, the cryptocurrency that was developed and subsequently tokenized in September 2017, has been making inroads in the cryptocurrency market by toppling other cryptocurrency big guns. There are very few coins that can make such meteoric rise possible, in its price chart within a few months after its tokenization like TRX.

As we all know, entertainment is one of the most progressive industries currently existing in the market. TRON’s objective is to offer such entertainment content much more accessible to their holders where they would no longer have to depend on other websites like Google or Yahoo. This unique approach of TRON has made this coin immensely popular among a large percentage of traders.

According to TRON’s latest update, its mainnet is yet to go live for TRX holders. Nevertheless, the currently available Testnet has been able to satiate the users considerably and TRON’s development team has been making technical improvements and implementing new features interminably. Very recently, Justin Sun, the founder of this ingenious cryptocurrency has announced a few major updates in the coming months which are going to make a pivotal impact on this currency’s future and consequently its holders’ as well.

Developments According to Roadmap of 2018:

According to TRON’s updated roadmap of 2018, there will be several new implementations and developments. Some of them are mentioned below:

a. Launch of Odyssey 2.0: TRON is likely to implement six different stages with unique new features for its holders. The coin is currently in its first stage known as Exodus. Very soon, the second stage named Odyssey 2.0 will be launched and implemented with its inherent proof of stake algorithm.

b. Resource Allocation Governance: With launching the new stage, this cryptocurrency would also implement the on-chain resource allocation governance system for helping their users in allocating valid resources of entertainment content.

c. Improved Network Capacity: TRX development team is making massive improvements in its network constantly. They intend to achieve a speed of 10,000 transactions per second by the end of this year.

d. Mitigation of Transaction Fee: As per Justin Sun’s statement and the updated roadmap, the transaction cost for TRX would be mitigated to zero. This will allow even more investors to opt for this digital currency.

e. Token Wallet and Blockchain Browser Launch: The TRON development team would launch new websites and token wallets in both online and paper form to provide maximum security to their holders.

f. Introduction of Decentralised Application: With the upcoming mainnet launch, TRON would be able to offer a completely decentralized blockchain platform to its users.

g. Launching of Great Voyage 1.0: According to Justin Sun, the TRON team would launch its Great Voyage 1.0 update during the fourth quarter of this year. This would make communication among different blockchain platforms possible.

Super The Upcoming Representative Election:

TRON’s Super Representative (SR) election would likely to begin in the month of June of this year. Once the mainnet launch is complete, TRX would no longer remain an ERC20 token. Instead, it will be one of the most competitive blockchain platforms. Keeping this in mind, several organizations around the world are participating in the SR election. 27 Super Representatives are going to be elected from this event whose principal job will be representing more than 1 million TRON community members along with computation and verification. Once the SRs are elected, the TRX blockchain protocol would create 1 block per second where each block would reward these representatives 32 TRX coins. These Super Representatives would be rewarded with 1 billion TRX tokens each year.

Final Thoughts:

TRON kindly holds the ninth position on Coinmarketcap with nearly 6 billion USD market capitalization and individual price of $0.09. Within just seven months of this coin’s inception, TRON has managed to become one of the top ten cryptocurrencies in the market. With the aforementioned developments, its future is looking even brighter. Ergo, it is no surprise that the number of TRX investors is likely to increase significantly by the end of this year.

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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.

Image courtesy of Kurt Haubrich via Flickr

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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