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Tron independence celebration will see 1 billion TRX coins burn

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Tron (TRX) is in the eye of the storm these days as the date when the token will finally become entirely independent crypto is right around the corner, and additionally, this event will be followed by the Super Representative elections in which an autonomous community will be created. As it seems, going unnoticed is something Tron does not consider, and this time it has prepared a new milestone that for sure will be acknowledged by everyone, especially by token holders.

As the day comes closer, more details are shared with the community about what will be the next steps for the coin, and this is precisely what Justin Sun, CEO of the company, shared on his Twitter account yesterday by mentioning that the company would deploy a coin burn as a celebration for the long-awaited independence.

In the cryptosphere, a coin burn is an action of forwarding a number of cryptocurrencies to a particular public address that possesses an unattainable private key, which of course, makes impossible the expenditure of the coins sent to that direction.

This method is employed for generating new tokens, also known as “proof of burn,” for benefitting token holders, or for destroying tokens that were not sold. In the case of Tron, as the message implies it will be used as a rewarding activity for celebrating the independence day.

Sun said,

“To commemorate this exciting moment, TRON Foundation will conduct a burn of 1,000,000,000 TRX all at once, which is worth 50 million USD according to today’s market price.”

By eliminating 1,000,000,000 TRX tokens, Tron will create a deficit in the supply of the coin, and this as a consequence will create a more significant demand, which of course, will have a repercussion on the value of the token, so those who hold TRX will see a substantial benefit in the short term.

Tron is forecasted to perform incredibly after its independence in a couple of days now, and two days later it may get even higher as the Super Representative elections occur. All of these events have indeed raised a lot of expectations on a community that is eager, now more than ever, to know what the next steps are for the coin, and this is something Justin Sun seems to have heard as he shared as well the details of some of the upcoming moves.

Like this, the community was also informed that the Mainnet to be fully launched in 3 days is going to be integrated by 4 phases the company has defined as:

  1. Preparation
  2. Guardian Phase
  3. Genesis Phase
  4. Constitutional Phase

Conclusion

Great things are coming for Tron (TRX) as its migration phase concludes, a process that is currently being supported by about 40 exchanges from all around the world. Tron, without a doubt, will see incredible traction after decoupling from Ethereum, so stay tuned (and hold tight), the coin is about to skyrocket.

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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 Pxhere.com

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How Cryptocurrencies Will Change Online Gambling in the Future

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online gambling
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Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Bitcoin
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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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