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The Recent Updates of TRON and Its Journey to Become a Crypto Giant

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TRON

Since the ICO of TRON was introduced to the cryptocurrency market on 9th September 2017, it has been a sensation to myriads of traders across the globe. This digital currency was developed as a decentralized and open source blockchain protocol capable of providing various entertainment contents from all around the world to its users. The developers of TRON mentioned six different stages starting from Exodus to Eternity in their whitepaper. According to TRON’s whitepaper, these stages are distributed over the next five years until 2023.

Despite the sheer competition in the cryptocurrency market for a decent market capitalization as well as the price of individual coins, TRON now holds the eleventh position on Coinmarketcap with a steady upward trend. For other coins, it usually takes years to reach a market cap of billion dollars but this cryptocurrency has managed to achieve that feat within months (Circa 3 Billion USD on 29th March 2018).

TRON was tokenized by the end of 2017 and since then it has been going through frequent development updates and lucrative partnerships to move forward in the cryptocurrency market. Especially, TRON’s recent embroilment in the online gaming industry and partnership with BitGuild is likely to play a significant part in this currency’s future. Here, some of the recent technical updates along with its imminent future are discussed below.

TRON’s Recent Technical Development:

Within a time period of one week (From 17th March 2018 to 23rd March 2018), this cryptocurrency has managed to complete and initiate a significant number of technical developments. Some of these completed developments are:

a. Addition of Unit Test Cases: Within the aforementioned week, TRON’s development team has managed to successfully add the unit test cases to TRON’s blockchain platform. They also finished the testing of the transfer function with only one machine.

b. Debugging of Network: Debugging the existing blockchain network on a regular basis is of utmost importance to any cryptocurrency. If the platform is bugged with some sort of compilation or other errors in the program, it can effectively slow down the transaction process along with causing other problems. TRON’s adroit team debugged the network in the previous week to keep the transaction broadcast unimpeded as well as to maintain the block synchronization.

c. Debugging the Logic of Block Generation: In a multi-node network like TRON, the logic of block generation has to remain flawless all the time to ensure block production under certain circumstances like the joining and omission of nodes, node initialization, etc. TRON’s development team completed this debugging process to maintain the functionality of this platform.

d. Improvement of the Blockchain Explorer: The team involved in this currency has managed to ameliorate its blockchain explorer considerably during the past week. Several new features have been successfully added to TRON’s blockchain platform including functions to create new accounts, new witnesses for voting, to transfer payments more swimmingly, and many more.

Besides completing the developments mentioned above, TRON’s team has also initiated several technical updates that would be completed shortly. Some of these updates are:

  1. Further Improvement of the Blockchain Explorer: The cryptocurrency team of TRON has commenced adding several other features to the blockchain explorer to make it even more convenient. These features include displaying transfer and issue assets, block information, and other parameters of cryptocurrency trading.
  2. Debugging the API of Vote Functions: Debugging the vote function in a cluster environment would make the generation of blocks quite easier. Once this development is completed, a significant number of traders would be able to use the voting option for listing in different exchanges, cryptocurrency giveaways, and several other purposes. This technical update is likely to augment this currency’s popularity to a significant extent.
  3. Fixing the Fork Logic: Fixing and fork logic is likely to make the transaction procedure even faster as well as more efficient.

Final Thoughts:

Even if TRON is still at its initial Exodus stage, it is progressing rapidly with frequent developments. Furthermore, this cryptocurrency is about to launch their first Testnet on 31st March which would be the first significant step in creating an open source entertainment ecosystem. If the developments achieved within a week are an indicator, TRON’s quest to lead the cryptocurrency chart by the end of this year seems highly probable; even after considering the volatile nature of this market.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Jorge Diaz 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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