Connect with us

Blogs

The Latest TRON Developments: Why HODLing onto TRX Could Be Beneficial for HODLers

Published

on

Tron

Among the relatively newer currencies that are making inroads in the current crypto-market, TRON’s name would certainly be on the top of the list. Since its inception as a legitimate cryptocurrency in September 2017, TRON has been the cause célèbre of the cryptocurrencies to the traders all across the globe because of its uniqueness. It was the first currency to provide a decentralized system for its users to access various entertainment contents without the exasperating interference of popular websites like Yahoo. Consequently, it grabbed the attention of several potential novices as well as experienced traders as a lucrative and long-lasting opportunity as none can deny the profound relevance of the entertainment industry nowadays.

TRON is one of the very few cryptocurrencies that maintains active communication with its community members about the recent developments. As a result, traders around the world can always access the information about this currency’s latest updates. In the previous weekly reports, the development team of TRON foundation mentioned about various aspects such as the Mainnet launch. On May 21st, 2018, TRON released their latest weekly progress report consisting of their latest upgrades. Here, those new developments would be explained to provide a picture of TRON’s and its holder’s probable future.

Major Technical Developments:

TRON’s team has been working on numerous upgrades tirelessly for the past few months. According to the last weekly report, they have managed to complete a large portion of them. The completed developments include:

  • Improved Scalability: The development team successfully completed their job of improving the scalability of TRON’s ecosystem. They have rectified the compilation errors and bugs existing in their network and synchronization modules thereby increasing the transaction processing speed considerably.
  • Improved Consensus: TRON team has updated the consensus by adding the mechanism of Token Freeze and VotesStore. They have also completed implementing additional freeze functions successfully.
  • Updates in the Wallet: The TRX wallet has undergone several new upgrades during the past week. The format of website URL, token description, and account name.

Apart from these three major completed upgrades, TRON announced several other technical updates in their report that are currently in progress. These updates include:

  • Structural Developments: Setting up stress tests and fixing any compilation error or bug that occurs while the system is active.
  • Consensus Developments: As the VotesStore and Token Freeze mechanisms are implemented successfully, now it’s time to determine the test relevant code and the values of various parameters of each mechanism. TRON team would engage themselves in this work in the imminent weeks along with the job of fixing any potential bug.
  • Wallet Developments: The team behind TRX would now work on adding unit tests and adjusting the API on TRON wallet.

Developments Regarding Market Transactions:

On May 15th, 2018, Zebpay announced the availability of TRX/XRP trading pair on their platform. As a result, TRON was successfully included to the Ripple trading area. Zebpay is one of the largest and most renowned cryptocurrency exchanges in the world at the moment. This India-based exchange has recently released its upgraded version 2.0 with several new advantageous features for traders across the globe. So, the inclusion of TRON with Ripple to this exchange is likely to boost TRX market cap and price significantly. With this phenomenon, now TRON is listed on more than 50 major exchanges with over 100 trading pairs.

Other Notable Developments:

Besides all updates regarding the market transaction and technical architecture, TRON has managed quite a few feats in the previous week. Some of them include:

  • TRON managed the first position last week according to the TokenInsight Index on May 14th by officially submitting their codes 241 times on GitHub.
  • TRON holders are conversant with the TRON Super Representative election. As of May 14th, 2018, approximately sixty different organizations have expressed their wishes to run for this election. The TRON Super Representative election is scheduled to be held on June 26th of this year.
  • On May 15th, the TRON Foundation officially launched their more user-friendly website.
  • TRON commenced a collaborative partnership this week with Bitpie wallet. Currently, Bitpie’s internal exchange is allowing TRX transactions along with trading pairs like TRX/ETH or TRX/SCNY.
  • On May 17th, Bixin opened the TRON flash exchange function for TRX/BTC trading pairs.

Current Scenario of TRON:

As of May 22nd, 2018, TRON now holds the ninth position on Coinmarketcap with a formidable market capitalization of 5.3 billion USD (approximately) and a price equivalent to $0.08. Because of the imminent Mainnet launch on 31st May 2018, the price chart of TRX is exhibiting a steadily upward trend.

Final Thoughts:

TRON is indubitably one of the most organized and meticulous cryptocurrencies that currently exist. Right from the beginning, the TRX development team has been following their destined path that continues for the next few years. So far, they have managed to fulfill every upgrade mentioned in their whitepaper. As the Odyssey phase is now on the move and the Mainnet launch is just a few days away, TRX holders can be hopeful of a price surge in the imminent future.

For the latest cryptocurrency news, join our Telegram!

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 Photo by Startup Stock Photos from Pexels

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

on

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…

Continue Reading

Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

on

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…

Continue Reading

Altcoins

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

Published

on

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…

Continue Reading

Press Release