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

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Tron

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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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. One of the ways to have a successful…

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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…

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