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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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Blogs

What Changes May the Crypto Space Experience in 2019

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crypto
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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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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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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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Blogs

3 Coins with the Largest Potential in 2019

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coins
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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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