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.
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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.
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Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
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