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TRON Developments after Mainnet Launch: Can TRX Holders Feel Secure about TRON’s Future? - Global Coin Report
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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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