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Tron (TRX) Begins Their Exodus

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Exodus

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

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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