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Tron (TRX) CEO Justin Sun reaches half a million Twitter followers

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Justin Sun (Tron’s CEO and founder) is probably the most adept leader in the blockchain world when it comes to marketing. That includes Twitter, which is perhaps why he’s now reached half a million followers.

In celebration of this milestone, Mr. Sun is asking people to comment on his account what they want to see the blockchain industry doing in the future (which includes all blockchains, but, mainly, Tron’s blockchain).

The original post reads:

“Thanks #TRONICS for being part of our amazing community! Tell us what you are excited to see within the #blockchain industry or on #TRON platform in the future, and get a chance to win our new swag collection! I will randomly pick 10 winners from the comments. $TRX”

From all the comments on this post, Mr. Sun will randomly choose ten people who will be awarded Tron’s new swag collection.

Why is Tron gathering so much attention from crypto enthusiasts, I hear you ask? There are several reasons. Justin Sun was already considered to be one of the most influential players in technology even before he started Tron. He’s known to be Jack Ma’s (of Alibaba fame) close friend and protegé, so even before he started, he boasted a type of credibility across both the technology and the business world that’s rarely been matched by any other project leader in the crypto verse.

Another reason is Tron’s ambition. It’s not meant to be a cryptocurrency only but a fully developed third generation blockchain platform that can deploy decentralized apps, smart contracts and, above all, aims to decentralize the world wide web.

It would mean that content creators on the internet will not need central authorities such as Amazon, Google, Facebook or Youtube to monetize their content anymore, but they will be able to be rewarded, in cryptocurrencies, by joining Tron’s decentralized web. If Tron gets its way, this would be as revolutionary as the internet itself was, compared to the printing press.

Also, Tron has been able to back up its claims so far with many new partnerships and successful developments already under its belt. The new Main Net is up and running, and working perfectly (according to user’s comments). The Virtual Machine is also deployed and working perfectly (do we need to tell again?).

Tron’s Virtual Machine is particularly important because it allows using Java (which is probably the one programming language every programmer knows) to develop apps using Tron’s blockchain. In many other environments (such as Ethereum) you can’t use a “standard” language but you have to learn the platform’s native language, and that puts off many potential developers.

As we write this article, Tron (TRX) remains a very cheap coin at two cents, and it ranks eleventh in the cryptocurrency world by market capitalization. That may not seem very impressive, but it has little to do with Tron’s achievements and everything to do with the fact that the market has been going steadily down since last December, and that TRX is still pegged to Bitcoin in exchanges.

Tron has the right balance between good administration, great marketing, and new blockchain technology that has a differential advantage over most other projects in the cryptosphere. And it has a credible leader whose Twitter account is already over half a million followers.

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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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Three of the Best Crypto-Friendly Currency Accounts for 2019

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The advent of blockchain and cryptocurrency has seen several industries disrupted like never before, including finance.

Notoriously resistant to change on any real scale, finance has always been seen as a tough industry to bring new ideas into, but blockchain has changed the game in many respects.

Today we’re seeing an influx of agile digital challengers to the established names that have dominated banking for so long.

Recently a report was published by consultancy company A.T. Kearney that claims “Not all banks will survive the tide of change as customers increasingly favor digital banks and innovative products and services.

“Branch closures are a short-term fix to steady the books, but it is not enough – traditional institutions need to consider strategic transformation to improve cost and top line and also offer more innovative products and services.”

In short, the world of banking is changing, and the following three startups are among the best crypto-friendly banking options for 2019.

Wirex

Offering customers a VISA card available in three different currencies, Wirex has quickly established itself as one of the most recognized names in crypto finance.

Billed as “crypto and traditional currency accounts that put the power in your hands,” Wirex allows customers to take charge of their entire banking needs from one simple to use platform.

You can fund your account using a credit/debit card, bank transfer,…

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Bitcoin

4 Reasons Why the New Bitcoin Rally Is Unlikely to Stop Now

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After more than a year of declining prices, the crypto market is finally seeing a period of serious recovery — one that has already brought digital currencies to heights not seen in over half a year now.

Only days ago, Bitcoin surged past several major resistance levels and managed to exceed its yearly high of over $8,000. Already, many skeptics are predicting the soon end of the bull run, and the possibility of yet another sharp decline. However, there are signs that suggest otherwise — that this bull run is only getting started, and that it will not end anytime soon.

There are four reasons why this is the case, and they are as follows:

1) Bakkt

There is the long-awaited Bitcoin futures exchange, Bakkt, which recently announced that the July test date for Bitcoin futures is soon to be set. Bakkt’s launch was delayed multiple times already, so the announcement came as quite a surprise. However, it appears that it will happen quite soon, after all.

As soon as its arrival becomes a certainty, Bitcoin will likely skyrocket even further, just like gold did when gold ETF appeared in 2013.

2) Bitcoin completely ignored the hacking of Binance

Binance has been the largest crypto exchange by trading volume for a while now, and as such, many expected that, if anything were to happen to it, Bitcoin…

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