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TRON Developments after Mainnet Launch: Can TRX Holders Feel Secure about TRON’s Future?

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TRON
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TRON is one of those rare cryptocurrencies that have been executing nearly everything according to plan since the very moment of introduction to this gargantuan cryptocurrency market. Even before TRON was tokenized in September 2017, the TRX team had published a comprehensive whitepaper where they discussed the plans of this currency in the next few years to minuscule details. This transparency is, de facto, one of the most prominent reasons behind its meteoric rise as the traders across the globe are always aware of what is currently going on with this coin. This feature invariably makes this cryptocurrency a much safer option to invest rather than the capricious coins like Bitcoin.

From the very beginning, TRON team has been making various technical developments incessantly for the convenience of their users in accessing various entertainment contents with ease form any corner of the world. TRX is currently in its Odyssey2 phase after the ceremonious Mainnet launch on 31st May of this year. Here, you would find out the latest developments that occurred in the past week and how it would impact the future of TRX holders.

Major Technical Developments:

TRON’s development team constantly works on the three specific entities of its technical architecture and make changes accordingly. As per the last weekly report that covered the events from the 2nd to the 8th of June, 2018, quite a few upgrades have been successfully implemented in TRON’s structure, consensus, and wallet.

  • Structural Updates: The RPC (Remote Procedure Call) interface has been causing some problems inside TRON’s structure by consuming too much resource. Last week, this interface was successfully removed without any undesirable consequence which effectively reduced the inordinate consumption of a valuable resource. The team is currently working on the transaction duplicate check procedure for the storage layer along with the development of Hot-standby function. Furthermore, the incessant debugging and stress test process are in progress as well.
  • Consensus Updates: The entire consensus paradigm underwent a few conspicuous changes in the past week for the overall improvement of the system. One of the major notable additions to the consensus is the successful implementation of multiple payment methods. The newly designed consensus is likely to be more user-friendly and convenient to the TRX holders around the world. Also, the team is currently working tirelessly on a few more projects such as keeping track of the voting time during the maintenance period and ameliorating the relevant documents.
  • Wallet Updates: TRON wallet underwent some major changes during the previous week. The wallet key store that the development team had been working on for quite a few weeks was finally tested and supported on the TRON ecosystem without causing any predicament. Besides this, the work on the optimization function of browser wallets is still in progress. Notably, the debugging process of the wallet is not mentioned in this week’s report which bespeaks that all the compilation error issues had been taken care of permanently.

Major Community Updates:

After the mainnet launch, TRON Super Representative Election seems to have taken the center stage. Many companies and organizations across the globe have been enlisting themselves for several weeks to take part in this election. The last week was not an exception as well. The major organizations that have included their names in the past week include:

  • Infinity Stones: A silicon valley based company that specializes in offering cloud management services along with various security solutions for blockchain protocols. The core team of this company consists of people with veritably strong academic background with degrees from renowned institutions. The team also consists of employees who previously worked for Google. This company was enlisted on the 2nd of June.
  • Dexnode: A company that endeavors to extend the influence of blockchain various industries. This company was also enlisted for Super Representative on the 2nd of June.
  • Hello World: Hello World is a reputed software company that aims to create a new and innovative platform for designing various software programs. This company announced their participation for this event on the 3rd of June.
  • Community Node: A cloud-based node that focuses on reliability and uptime. Community Node made their announcement on the 3rd of June.

Besides these organizations, Charity Compassion, D2F, and many others are running for this election which is about to take place shortly.

Acquiring Ownership of BitTorrent:

When it comes to entertainment, Torrent websites have a considerable impact on the global entertainment contents. On June 11, software company BitTorrent Inc. was officially sold to the CEO of TRON, Justin Sun. Speculators are expecting a stark rise in TRON’s price after this phenomenon.

Current State of TRON:

As of 12th June 2018, TRON holds the 10th position on Coinmarketcap with a market capitalization of approximately 3.1 billion and a price nearly equivalent to $0.048. As per the price chart for the past 24 hours, the trend is discernably upward.

Final Thoughts:

TRON has been one of the best performing coins since the beginning of this year and with continuous developments, this coin now has an even stronger influence on the cryptocurrency market. So, if this coin is able to justify its whitepaper in its actions, TRX holders can expect a secure and lucrative future.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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