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Tron (TRX) is talked more than Bitcoin and Ripple recently. Here’s why

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Tron
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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.

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.

TVM

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.

Decentralized apps

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.

Image courtesy of Pixabay

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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