Connect with us

Altcoins

TRON Celebrates Burning Over Half a Billion Tokens

Published

on

TRON
READ LATER - DOWNLOAD THIS POST AS PDF

TRON (TRX) torched another round of its old tokens, bound to Ethereum’s network. Additionally, its new wallet finally got on the iOS App Store.

TRON team celebrates new progress

TRON (TRX) has become known for two things — making significant progress, and for burning significant amounts of its ERC-20 leftover coins. Right now, TRX has done both, almost at the same time. They just torched more than half a billion (670,045,551) tokens, but they did so in celebration of having their TronWallet finally appear on the App Store.

This usually wouldn’t be a cause for that much celebration, right? After all, the TRON team is nothing if not experienced and professional, so why is it that a wallet launch requires celebration and attention?

The team started the wallet’s development with a goal of publishing it for both, Android and iOS. Soon after that, they started running into obstacles that eventually led them to a crossroad. As their Medium post says, the team had to make a compromise — either to go down the multi-platform road as planned, or they would have to give up on these early goals and focus on the faster release.

Eventually, they chose to go with the latter, and the TronWallet was created for Android first. In the meanwhile, the team was trying to figure out how to fix the issues with iOS, so that the wallet can become available for Apple users as well.

Soon enough, the 1.0 release for the App Store was ready, although it was only a reduced version of the wallet created for Android. This was all back in July of this year, with the submission finally happening on July 22. This is when the second large issue emerged. The team had to wait for 30 days to have their app reviewed and possibly accepted. This was very discouraging, especially since all of their previous app publications were reviewed and approved much faster. Needless to say, the team was anxiously awaiting the news, hoping that they would be good ones.

The app was finally approved

A month later, Apple finally cleared the wallet and posted it to the App Store. However, the story does not end there, and the team continued to work on improving the app. As of right now, the iOS version of TronWallet will no longer be a reduced copy of what Android has to offer. Instead, it will be it’s equal and will offer numerous features.

Those will include the elimination of the need for signups and logins, local secret encryption with an addition of a PIN, the support for all TRON network operations (minus the ‘create token’ one), the possibility of multiple accounts, push notifications, and more.

Obviously, the team he put a lot of work into trying to please Apple, not to mention that the entire previous month was a nervous one, due to the extended approval period. However, the app went through, the team made it better, and the Apple users now have everything that Android users have. With all of that put together, it is clear why TRON believes that this development is a cause for celebration.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

Top 3 Coins to Buy Before They Go Big

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

Continue Reading

Altcoins

TRON (TRX) Is Likely to Go Big in June

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

Continue Reading

Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

Published

on

IOTA
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

Continue Reading

Elite