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Tron (TRX) Begins Their Exodus

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One of the cryptocurrency world’s greatest engines for driving news and partnerships, Tron recently launched their full test net. This is only the start of their ambitious roadmap, but an important first step. A functioning product is still rare in the crypto industry, and this grants Tron a certain amount of authenticity to their vision. Many of their detractors pointed to their lack of a blockchain prototype – something that they can no longer do.

Justin Sun announced that 126 nodes went active on the test net, making it the most active on the GitHub code depository. 50 of these went active in the United States – all of them within the first 3 days of availability. Time will tell the full extent and ability of the Tron blockchain, but these are encouraging numbers for the start of the project. Considering the existing drive to produce Tron based products, we can expect these numbers to continue to rise.

The Exodus Test Net Launch

The Tron test net launch fulfilled the first phase of their roadmap – Exodus. The goal for Exodus was a proof of concept blockchain that would allow early adopters to flesh out their decentralized applications and content storage. To make the platform even more attractive to developers, Tron focused on two advantages. The first is a dedication to friction-less transactions. Each transaction on the Tron blockchain requires an utterly negligible amount of TRX. A single USD worth of TRX can facilitate millions of transactions.

The second is scalability. Legacy blockchains like Bitcoin have a severe scalability issue. However, even with the recent introduction of the Lightning Network, Bitcoin’s scalability problems have only been deterred rather than removed. In the future, with mass public adoption, the Lightning Network may be insufficient. Ethereum finds itself in a similar place, with the proliferation of ERC20 tokens bogging down the platform. Tron’s consensus algorithm allows for thousands of transactions per second – critical for large-scale applications.

Tron TRX Dogs Adds More Features

Tron’s first full-featured product, Tron Dogs, continues to add more functionality over time. The most recent aspect is dog breeding. A critical component of the game, this allows users to create new dogs by breeding preexisting ones. Competitor Crypto Kitties uses a pay-for-breeding system, whereas the new breeding feature in Tron Dogs uses an interactive Rock-Paper-Scissor mini-game. Whoever wins the contest gets the new dog, while the loser receives a consolation prize of GTC tokens.

While Tron Dogs is still in an early stage, it may soon be able to compete directly with the falling star of Crypto Kitties. Given the increasing popularity of Tron as a whole, this trend will likely continue through 2018. The test net launch creates an environment where more games like Tron Dogs can flourish. Gaming makes up a large portion of the decentralized apps available across all blockchains. As such, we should see a slew of new crypto-games in this new ecosystem.

A Look Ahead at Tron’s Road Map

Exodus was only the first of six phases for Tron’s full release. Now that a functional test net exists, Tron can pivot towards their Odyssey phase. Exodus gave Tron credibility, but Odyssey will be the true test of adoption. In phase two, Tron will actively seek out content creators to populate their new blockchain. Audio, video and even gaming will all be critical to the future success of Tron’s platform.

The main net release is scheduled for May and will be the culmination of the Exodus phase. In comparison, the test net is only a prototyping system for the earliest adopters. Yet, the main net will be a full-featured product. If the Odyssey phase can succeed in attracting a support base of content creators, then Tron’s main net will have the potential to rival some of the largest traditional media concerns on the Internet.

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 Leo Sauermann via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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