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

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Tron
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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.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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coins
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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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crypto credit cards
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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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