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The Past Few Days of TRON: How Things are Looking for TRX Holders

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Tron
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TRON has been one of the most popular cryptocurrencies of this year so far especially after when Bitcoin’s price chart went literally topsy-turvy in January 2018. Unlike most other cryptocurrencies that are currently traded across the world, TRON’s development team is extremely communicative with its community and investors across the world. It has been publishing its piecemeal progress on a weekly basis since its inception in September 2017. As a result, it is very easy to keep track with all the events associated with TRX and candidly speaking, this transparency is one of the main reasons behind its enormous popularity that is threatening even big guns like Bitcoin or Ethereum.

TRON’s development team has been working on the Mainnet launch, the date of which is getting closer rapidly, for a significantly long time. Manifestly, this phenomenon has been the cynosure among all TRX developments. However, other technical updates are not far behind as every week the TRX team is coming up with something unique and innovative implementations. In this article, the most significant developments happened in the past few days would be discussed to elucidate its current condition as well as its probable future by the end of this year.

Technical Developments:

The three aspects of TRON’s technical architecture namely the structure, the consensus, and the wallet have gone through some conspicuous changes in the past few days for offering an even more efficient blockchain platform for their users.  

  • Structural Developments: The TRX structure has been going through some problems regarding the RPC interface. According to the last TRX weekly report (from 19th May to 25th May), the issue regarding RPC interface has been sorted out completely for the transaction list. Moreover, the service of fixing bugs on network and synchronization module is still fully functional. However, the task of setting up stress tests is still in progress.
  • Consensus Updates: TRON development team has successfully completed the optimization of token freeze mechanism along with transfer token rule. Here too, the process of fixing bugs is still on-going. The development team is hopeful about finishing the testing of malicious witness behavior.
  • Wallet Development: The TRX team has optimized judgment logic for expired and repeated transactions. They have also completed implementing verification process for special field and contract validity. There are other wallet developments that are yet to be completed. Some of them include adding unit tests, using test tools for checking test coverage and adding length limitation to the account name.

Noteworthy Community Activities:

TRON’s community has gone through a significant number of new developments in the past few days. The majority of these updates concern the imminent super representative election. Some of these developments include:

  • Project Genesis Bonus Pool: Project Genesis was launched in March 2018, for the purpose of motivating TRON’s community engagement. On May 19th, Project Genesis announced a bonus pool of 2 billion dollars on which many active members of the TRON community have lent their supporting hands.
  • Super Representative Election: A significant number of organizations have been enlisted for the super representative election during last week. Some of the most reputed names include CryptoGirls (Six years of experience in application, mobile, and enterprise development), GSC (a Singapore based first new generation social chain used by billions of people), Next-Genius (The largest Chinese blockchain community along with a training centre in Australia), CryptoGuyInZA (13 years of experience in the IT field), Lianjinshu, SkyPeople, and many more. Also, OK Blockchain Capital has officially announced their desire to run for the super representative election.

Partnerships and Support:  

The TRX team has managed to commence quite a few lucrative partnerships along with gaining the support of some well-known cryptocurrency exchanges. Besides this, there have been some other major developments as well including:

  • Launch of TVM: The development team of TRX has finally launched the TVM (TRON Virtual Machine) which would be the foundation of TRON’s entire blockchain ecosystem.
  • Launch of TRON Wiki: TRON Wiki had been officially launched last week with all information about this cryptocurrency. This is likely to increase this digital coin’s purview significantly.
  • Strategic Partnerships: TRON has secured strategic partnerships with both Hydro Protocol and vSport for working closely with the upcoming technical developments and subsequent implementation of new features.
  • Unbridled Support: This currency acquired support from a significant number of exchanges in the past week. Some of these exchanges include Bithumb, Liqui, Upbit, DragonEx, RightBTC, and several others.

TRON’s Current Situation:

As of 29th May 2018, TRON holds the 9th position on Coinmarketcap with a market capitalization of 3.8 billion USD (approximately), and individual coin price of $0.058 approximately. The price chart is following a moderately steep direction as the date of Mainnet launch is getting closer.

Final Thoughts:

So, based on the data garnered over the past few days, TRON seems to be heading for a fairly profitable 2018. Also, with the Mainnet launch on 31st May, speculators are expecting a gargantuan price surge. Therefore, if you are a TRX holder, it is the ideal time for holding onto it.

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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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