Connect with us

Featured news

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

Published

on

Tron

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.

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 Pexels

Featured news

Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

Published

on

The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

Continue Reading

Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

Published

on

Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

Continue Reading

Featured news

Partnership Between Bridge Mutual & AllianceBlock Announced

Published

on

Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

Continue Reading

Press Release