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TRON dApp Popularity Surges: A Million Transactions In 24 Hours

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As its next project on a goal to decentralize the web, the TRON Foundation launched a TRC20 exchange earlier this week. The exchange is a place for an easy and quick exchange of tokens created on top of TRON’s own blockchain. TRC20 exchange is located at TRX.market, while TRC10 is still on Tronscan, which is TRON ecosystem’s information service and a primary block explorer.

Both TRC10 and TRC20 are TRON’s own version of ERC-20 tokens, which TRX itself used to be prior to the launch of its own MainNet earlier this year. The only real difference between them is that TRC10 tokens, as user-issued tokens, do not require the creation of a smart contract. TRC20 tokens, on the other hand, provide the power and functionalities of a token system based on smart contracts. In fact, TRC20 is quite similar to ERC20 in that regard.

All that users need to do in order to issue a TRC10 token is to own 1024 TRX. At the time of writing, the price of a single TRX coin is at $0.012722, which means that the price of issuing a TRC10 token is about $13.

Furthermore, TRON already offers numerous dApps that were created on top of its blockchain in the last several months. Thanks to these dApps, TRON’s ecosystem remains busy and more lively than ever, despite the coin’s low price and a constant bear market. In fact, the Foundation has measured a 48% boost in usage during the last week.

As a result, last week, the number of TRX transactions has exceeded 1 million in a single day. TRX trading volume was measured at 640 million TRX during the same occasion, which is a 151% increase when compared to the week before.

Among TRON’s most interesting projects is Seedit, which is a platform that allows users to tip content creators and show their appreciation for content creators’ hard work. Another big project, named Project Atlas, is expected to provide users with an incentive to seed content on BitTorrent, which TRON purchased in July 2018.

Is Ethereum under-used?

Prior to TRON dApps, Ethereum was the leading project in terms of dApp popularity. However, according to statistics, Ethereum is not even close to approaching the amounts of usage that TRON is currently experiencing. However, there are several other factors apart from simple lack of popularity. One example is that Ethereum blockchain has several sub-platforms that were created on top of it, and that does not contribute to the dApp activity. In other words, there is more activity on ETH than it seems at first glance, but TRON is still the leading project at the moment.

However, it should also be noted that not all token activity comes from dApps. BAT, for example, is not a dApp, but it still has thousands of token transactions per hour. The same is true for BNB. Simply put, Ethereum is certainly not under-used. The fact is that it simply lacks “killer dApps” that TRON has managed to create and offer.

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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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Blogs

What Changes May the Crypto Space Experience in 2019

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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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