Most cryptocurrencies are doing their best each day to make sure that they are on the front foot. And we all can see, it seems like Tron (TRX) is in no mode to stop any time soon as the blockchain keeps bringing excellent news for its users almost every day.
Just yesterday, Tron achieved another milestone; surpassed combined daily transaction volume of top four cryptocurrencies. A few days ago, it exceeded 1 million transactions per day as it continues to grow the total number of accounts as well as the online nodes.
Tron on the Driving Seat
On his Twitter account, Tron founder and CEO Justin Sun, announced days ago that Tron surpassed 1 million daily transactions. At the point of that announcement, Tron had recorded 1018795 daily transactions.
Now the daily transactions of Tron have surpassed the daily transactions of four cryptocurrencies combined; Bitcoin (BTC), Ethereum (ETH), XRP and BCH. That is definitely a milestone worth celebrating for Tron enthusiasts and tells that all the partnerships have not been in vain. Tron is aiming for mass adoption and what is more to show signs of achieving that goal than this number of transactions?
Yes! TRON! Yes people the world is waking up! Soon TRONSCAN and a whole new crypto Universe ! pic.twitter.com/FWbrCFf16Q
— Eric (@2ez28u) November 8, 2018
Tron users have something to smile about now as their ‘trust’ (yeah, investing money is all about trust, you should invest in only what you trust) is leading even the crypto-king, Bitcoin, regarding transactions.
If you ask any Tron enthusiast, you will get a similar answer across the board; the price. They will want the market price of TRX to be on the move and rank among the top five (if not three). Perhaps, this is achievable going forward as Tron is doing everything possible for the blockchain to take the bragging rights.
Apart from the daily transactions, Tron (TRX) is experiencing accountable growth in its nodes and addresses. These strides alongside the partnerships cryptocurrency is securing, might push it to the top 5 soon.
At the press time, the 11th most significant cryptocurrency by market cap, Tron (TRX), is trading at 0.2344 after going down by 1.99% in the last 24 hours.
For now, we may be talking about Tron surpassing the daily transactions for four cryptocurrencies, but who knows what lies ahead for TRX? Maybe we’re about to see the price of Tron shooting as at the moment it can be depressing to look at with all the developments it’s making.
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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 Flickr
Why Blockchain Projects Keep Failing
If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.
So, What’s the Problem?
For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.
What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.
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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.
If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees like…
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In this bear market, everybody’s asking the same questions. Why is Bitcoin falling? When will the market turn around? Is this the end of the crypto boom?
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Cryptocurrency is still relatively new, which means that many casual users are still exploring different ways to use crypto in their day-to-day lives. Unfortunately, this lack of knowledge leaves a lot of users vulnerable to scammers seeking to take advantage of their ignorance and inexperience.
We’ve contacted various types of people within the crypto community, surveying newbies, traders, investors, and professionals, asking what the biggest problems in crypto are. We found there to be three major problems holding the industry back:
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