Tron is a very young project. It’s barely a year old, but it’s managed to make headlines since it’s been online. Within the crypto community, there’s even more talk about Tron than about Bitcoin, Ethereum and Ripple recently. Let’s dig a little and find out why.
First of all, there’s the project’s ambition. Tron is not about creating a retail cryptocurrency (as most other projects are) but about creating a technology that will make the whole web run on a decentralized blockchain. This would be revolutionary as it would take away from Google, Microsoft, and other internet giants the power they hold over the web.
It also holds for the corporations that control content such as movies, music, books. If Tron gets its way, it would be the content creators who could control the monetization policy directly instead of using Youtube or Amazon as an intermediary.
Then, there’s Justin Sun. Before joining the cryptosphere, Mr. Sun was already a very successful businessman. He’s also known to be Jack Ma’s (of Alibaba’s fame) close friend and protegé. It also happens that Mr. Sun knows precisely how to manage PR campaigns. He has the experience, knowledge, and flare, so he’s guaranteed that everybody keeps talking about Tron all the time.
— CoinTrendz.com (@CoinTrendz) October 26, 2018
All those things are very relevant, but they are just the beginning because a lot of new developments have been happening recently, let’s review them.
The Baidu partnership
Last October 18th Tron announced a partnership with Chinese Internet giant Baidu. The stated aim is to join forces to use Baidu’s cloud services to implement blockchain solutions. This has been very controversial because it’s all about a new, relatively small community, who says they want to decentralize the internet, going to bed with one of the world’s more dominant players in the field. Only time will tell if this was a good idea for Tron, but it must be recognized that bringing such a big player into the cryptosphere has a lot of merits.
Tron’s virtual machine is already live, working, and it’s getting good comments. This technology will empower any programmer who can write code in Java to use Tron’s blockchain to create decentralized apps. This is a milestone that was announced since the year begun, it was delivered on time, and it’s worked fine. The blockchain project has plans to upgrade its mainnet to the latest version, Odyssey 3.2, next month.
That’s the whole point in having your own Main Net (which is another of Tron’s recent successes). The Tron community is working hard at developing Decentralized apps that will run over the Tron’s Main Net, and that will find uses (thus creating demand) for TRX, Tron’s native token. Over half a million accounts are already active.
BitTorrent and Tron
Tron bought BitTorrent a few months ago, and it’s been working to integrate it into the Main Net. The idea is that BitTorrent was already decentralized from the beginning but that with Tron’s help it could become a service in which stimuli make users seed their content for longer, and for things to work faster.
Those are the events that have really shaken the crypto community, but many other things have happened as well. A couple of weeks ago, Tron released their Developer Tool-Kit, which includes several different platforms that allow for the creation of everything from decentralized apps to smart contracts. Then the native smart contract platform was launched, and it’s been having a lot of success. It has also left Ethereum behind in the number of daily transactions.
Tron has been masterfully managed since its foundation and the blockchain project been collecting one success after another. That’s why it’s the current star, and everybody keeps talking about it. We as well. The exciting thing is, it’s even more talked about than the top players including Bitcoin and Ripple who stay in crypto headlines always.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
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 Pixabay
Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
Blockchain project that incentivises people to test for diabetes by handing them cryptocurrency wins first GoodDollar hackathon attended by Israeli ambassador in Rwanda
The Highly Acclaimed PayDex, an Advanced Blockchain Payment Platform
Top 3 Cryptos to Serve as an Alternative to Bitcoin
Blogs2 weeks ago
BTC/ETH/XRP — What to Expect in March 2019
Altcoins1 week ago
Verge (XVG) Unexpectedly Surges by 11% After Code Malfunction
Hot Updates2 weeks ago
Aaron System in Thailand enters into Mongolian Cryptocurrency Exchange market with UBWAVE in Mongolia
Hot Updates2 weeks ago
BTC ETF Approval will Boost the Crypto Market ?- Bexplus BTC Investment Tips 2019
Bitcoin1 week ago
Stanford Lecturer praises XRP over Bitcoin
Blogs1 week ago
Three Biggest Things To Know Come Cryptocurrency Tax Season
Bitcoin6 days ago
Why Bitcoin Price Remains Stable Before the Expected Hike
Trade2 weeks ago
Why be average when you can be extraordinary?