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Tron Independence Day and a Decentralized University

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Tron

The self-proclaimed independence day of Tron (TRX) has finally arrived. The ongoing token migration from ERC20 TRX to Mainnet TRX that started on 21st June 2018 is expected to be completed today (25th June). From the Tron network website, “From June 21st– 25th, TRX withdrawals on exchanges will be suspended. On June 25th, both TRX deposits and withdraws on exchanges will be suspended. Deposits and withdraws will resume on June 26th. During this period, TRX trading will not be affected.”

For the investors, the so-called “independence day” of Tron (TRX) will mark a historic moment. What is yet to be seen is how this migration will shape the future of the Tron network. Launched in the cryptocurrency market in September 2017 with the aim to “decentralize the internet”, Tron (TRX) is currently ranked 9th. (As per coinmarketcap.com) Tron emerged at a time when many other tokens also made it to the market but, the project has distinguished itself due to its many partnerships and contribution in the real world. Last week itself, Justin Sun, the founder of Tron had raised eyebrows by purchasing the company behind file-sharing service BitTorrent.

Beforehand, Justin Sun had challenged Ethereum by saying that the Tron network will focus on the “inefficiencies” of the Ethereum project and successfully overcome them. Sun wants to focus on “consumer-facing products” and user experience. According to him, “Ethereum is like IBM back in the day, making those big supercomputers. And I’m not saying that Ethereum does not have robust technology, but I’m saying that Ethereum is just like IBM. They only focus on tech, they don’t focus on user experience.”

Even though it is a visionary project, there still remains some anxiety regarding the complex launch. In the case of the recent EOS blockchain launch, it was seen that the global process had taken longer than expected and Tron may even have to face similar complexities ahead. The token swap of Tron (TRX) will be followed by a “super representative election” on Tuesday where the token holders will choose the block producers. The block producer delegates will give their nod on the transactions. After this, the technology will go live.

The Tron network has referenced Ethereum’s code in their P2P network but has reserved all the licenses. The developers’ team has revealed that many changes have been brought about and at the same time, node discovery and node blocking functions have been optimized. Improvements have been made in the Tron DPoS use case area also by incorporating functions on the P2P network such as to eliminate the risk of unexpected disconnections. Justin Sun has claimed that there has already been “two rounds of successful rehearsals for the official launch.”

According to Justin Sun, the launch is only the “beginning of the decentralized internet” and there are many more things to come in the future of the Tron network.

Enrollment in Tron Blockchain University Starts in Fall 2018

The Tron Foundation in its Twitter account had posted a video about their blockchain university named Tronics University. The 30 seconds video about Tronics University is all about how blockchain technology can be incorporated into the current education system and the benefits of decentralized educational sources. The Twitter post read,

“A university should be a place of Light, of Liberty, and of Learning”

Decentralised education for the new decentralized world

The details of the project have not yet been revealed. But, it is quite clear from the video that the Tron network is developing this go-to portal for bringing blockchain technology and cryptocurrencies closer to the mass by educating them. Other than gaming and social media, the Tron Foundation is also focusing on education and the admissions to Tronics University is expected to start in fall 2018. The Tron Main Net is most likely to support Tronics University. The fact that the video culminates with “Earn to Learn” gives the hint that there may be a reward system in place for the users to participate in the university, unlike in the traditional education system. One can expect that this portal will open up new doors for further dissemination of knowledge. This initiative will attract developers and also entice interested students to join the decentralized learning portal.

Price Details

Till now, in the month of June, the price of TRX has been moving in the 0.04 mark largely. At the beginning of the month, however, the mark was within the range 0.06 to 0.05 mostly. The ongoing TRX token migration and the upcoming block producer selection elections may see the price action of Tron (TRX) make an upward movement. At the time of writing, according to coinmarketcap.com, the price shows approximately $0.041 USD (3.80%) and the market cap is nearly $2,751,551,898 USD. The volume (24h) is over $186,865,000 USD. (As of 25th June 2018)

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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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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