Tron (TRX) has achieved a significant milestone as Tronbet, one of the major Dapps on its platform (in fact, the very first gaming dApp on Tron network) that is yet to complete the first week of its launch has recorded more users on its platform. The gaming dApp has paid tokens worth more than $4.7 million to its users from the time it was launched.
Tronbet is a gaming platform where users can bet games through the Tron-link wallet. When bets are placed, a betting code is sent to them that then can be used to know the results of each game played.
The Tron blockchain-based gaming dApp has already reached the number of more than 150,000 transactions per day, thus, recording about 20 percent of Tron’s daily transactions. It is necessary to note that Tronbet has been pivotal in helping Tron surpass Ethereum’s daily transactions.
Ethereum has been a top rival to Tron’s network – and this rivalry still stands. Tron, on the other hand, has reported that in the last couple of days, its daily transactions has peaked and exceeded 630,000 daily transaction volume.
Tron is on the quest to decentralized the entertainment industry, and it is succeeding as the blockchain project has succeeded in creating seven major dApps on its platform (so far), some of which are for music contents, payment solutions, and chat apps such as HummingPay and Seedit.
The Driving Force Behind Hike in Tron (TRX) Daily Transactions
A chunk of the increased daily transactions today on Tron’s network has been as a result of Tronbet. A tweet that went out yesterday by the team behind Tronbet, reads:
https://t.co/WqCzbG1Fo9 just hit a major milestone! Over 500,000 plays and over 300 million $trx won by players. Thank you to the #TRON and #ANTE community!
More updates are on the way! Stay tuned!@justinsuntron @Tronfoundation pic.twitter.com/BlJJGXlD7J
— TRONbet (@TRONbet) October 23, 2018
Tron peaked on its daily transaction surpassing Ethereum’s by 33,563 for the first time on Oct.18th. Following the trend, on the second day after that, Tron also exceeded Ethereum as it recorded a total of 630,018 surpassing it by 28,210. Overall, Tron’s network has had an immense increase, and in the last ten days, it has increased by 687 percent.
As in any case, Justin Sun celebrated this feat through a tweet:
Ethereum has 82,418 Txs pending today. It is the second day that #TRON has surpassed #ETH in daily Txs. 10/18 #TRX 599,677 vs. ETH 565,971; 10/19 $TRX 630,018 vs. ETH 601,119. All ETH developers need to migrate to TRON immediately with 0 cost! https://t.co/X9rBW9SZ41 pic.twitter.com/9bvtG5lkWq
— Justin Sun (@justinsuntron) October 20, 2018
To increase the number of users to an enormous level, Tronbet has also imputed a bonus structure that allows the users to receive ANTE – which permits them to place bets periodically on the platform. It is important to know that for every thousand TRX staked on Tronbet by a user, 1 ANTE will be received, according to a whitepaper released by the game. The ANTE token will soon be applied to other gaming platforms that will be created on Tron’s network.
Meanwhile, Tron has been trading steadily in the market as it is moving at the range-bound of $0.023- $0.025. At the time of writing, TRX is priced at $0.0237 with a market cap of $1,559,504,421.
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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.
Image courtesy of Mohamed_Hassan/Pixabay
How Cryptocurrencies Will Change Online Gambling in the Future
Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.
An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.
A Post-Legality Era
Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.
In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…
VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
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