Connect with us

Featured news

Tron (TRX) joins forces with first decentralized hybrid exchange JOYSO

Published

on

Tron

The world’s first decentralized hybrid exchange JOYSO has now incorporated Tron network leading to a decentralized blockchain setting that is more maintainable.

Undoubtedly, it is good news as far as the world of digital currency is concerned. Tron is going to collaborate with JOYSON to bring about a more maintainable decentralized hybrid exchange in the market.

JOYSO has been ranked 11th in the development of decentralized Hybrid exchange hence there is some great hope for Tron (TRX). The news brings some anticipation for the Tron users as it recently has been seen dropping consistently in its price index during 2018.

The collaboration will bring about a set up for entirely all decentralized applications also known as (dApps) on Tron platform for increasing the sustainability of the blockchain in the market.

JOYSO is founded by Tom Soong who is a hybrid decentralized exchange system for digital currency having the benefit of reducing the risk involved in the hacking of the system.

The system also offers the most cost-effective platform to its users. The platform was recently launched in May 2018. To enable one understands how it works JOYSO gives on Chain payments and off Chain matching for trade exchanges at the snap of the hand.

Besides maintaining the decentralized trade exchange platform, it also has a plus in the implementation of the enhancement of technology in blockchain engineering to meet the expectations of the clients hence more effective and efficient system.

That is due to the implementation of a suitable architecture that significantly decreases gas fee in the process of trade. Additionally, apart from enabling the free listing of any ERC20 tokens, it is also more secure and allows the users to have their accounts with no registration providing anonymity while enabling them trade in the market. These benefits of new Tron partner altogether, in turn, give users a 50% discount in the processing fee and creation of value in the digital currency environment.

Earlier on JOYSON implemented and accomplished the eagerly awaited NAS- JOYSON which is a decentralized exchange platform on the Nebulus chain line. With the recent partnership with Tron (TRX), JOYSON will be implementing the system under off chain matching and on chain payment where the users of the system will have the opportunity to exchange the tokens directly using their digital wallets.

On the other hand, Tron blockchain system has given its users the perfect platform for token issuers creating affordability to the clients and user-friendly operation. This implementation will, in turn, attract more users to the Tron market and will enhance its drifting decline in the token demand. JASON CTO Will Hsieh says,

“With all the technological capability and the known name for being the best in this sector, JOYSON can enable a simple, safe and efficient solution for the trade of crypto on a variety of blockchain hence creating a more maintainable infrastructure”

Also, just yesterday, Tron elected another Super Representative after more than 90 million votes in favor of new SR. The cryptocurrency has also been talked about more than anyone else on social media, even Bitcoin.

With many significant developments in the market, we are yet to see Tron rejoicing over the hard work done by its members to make the partnership happen and be implemented. This significant move could make the Tron token ecosystem value to increase substantially even though alongside other cryptocurrencies TRX holds a known continuous pattern of decrease in price since the beginning of the year.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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 Rawpixel/Pixabay

Featured news

Elon Musk Advises Crypto Users To Secure Their Crypto Keys Properly

Published

on

The crypto community has not gotten over the fact that the world’s richest man has now invested in Bitcoin and has been pretty active in the industry.

However, the community is now receiving security tips for storing cryptocurrencies from Tesla’s chief executive officer. While pointing the security of cryptocurrencies, Tesla also criticized Freewallet app, a crypto wallet for its slack in security.

He also added that crypto investors should not bother doing business with wallets that don’t provide them with private keys.

Users should store their private keys

The unique way cryptocurrencies are stored makes them not redeemable when the keys are lost. Whether the holder stores them with third-party custodians or exchanges, the owner can only claim them when they provide keys to the crypto funds.

That makes securing the keys the most important thing when dealing with cryptocurrencies. As a result, selecting the safest hot or cold wallet is a priority if users want to keep their crypto investments safe.

Elon Musk has come out to advise investors to always store their private keys personally. For a company to receive the attention of the world’s richest man is something to take advantage of to grow. However, FreewalletApp’s short conversation with Musk is a sort of negative publicity to them.

After the company engaged with Musk about a Dogecoin-related post, the Tesla founder pointed out faults with the firm.
He advised digital asset investors to stay…

Continue Reading

Bitcoin

Bitcoin Surges After Tesla Bought $1.5 Billion Worth of BTC

Published

on

Cryptocurrency

The sudden rise of Bitcoin has been connected to the decision taken by the Tesla electric car company to buy $1.5 billion worth of Bitcoin.

The company explained in a filing with the Securities and Exchange Commission (SEC) that it bought Bitcoin to diversify its cash returns and more flexibility.

Musk’s Tweets also impacted Dogecoin’s price

Tesla also added that it will start accepting Bitcoin payments for all its products, although this will be based on a limited basis and applicable laws. If the company concludes and starts accepting cryptocurrency, it will make it the first major car manufacturer to accept Bitcoin payments. The company’s founder and Chief Executive Officer Elon Musk has developed an interest in Bitcoin and cryptocurrencies.

He has been tweeting severally about the viability of the Dogecoin (DOGE), which doesn’t have an important market value attached to it.

Few hours after endorsing Dogecoin, the cryptocurrency rose by an impressive 50%. But regulatory authorities are still concerned about the risks in cryptocurrency investments, with several regulatory bodies warning traders and investors they could lose all their money from crypto investments.

But for Tesla, the company decides to diversify its funds and increased its cash returns. However, Tesla also warned investors about the volatility of Bitcoin’s price in its SEC filing. According to the SEC…

Continue Reading

Featured news

Partnership Between Bridge Mutual & AllianceBlock Announced

Published

on

Decentralized peer-to-peer discretionary digital asset coverage platform Bridge Mutual has announced a partnership with AllianceBlock. AllianceBlock is a decentralized, blockchain-agnostic layer 2 protocol bridging decentralized finance with traditional finance. The partnership will allow AllianceBlock and Bridge Mutual to provide traditional investors with a protected bridge to DeFi through decentralized coverage. 

“Discretionary coverage is a very important part of our ecosystem, so we are excited to partner with Bridge Mutual and leverage each other’s technologies,” says Rachid Ajaja, CEO of AllianceBlock. “We look forward to building an ecosystem where all participants have access to the best products while mitigating the ever-present risk of smart contract failure, hacks, and the resultant loss of collateral value.”

In 2020, as much as $200 million worth of digital assets was lost in attacks on major digital asset services. Bridge Mutual’s platform gives users the option to purchase and provide discretionary coverage, reducing investors’ risk of losing funds because of theft, exchange hacks, stablecoin price crashes, exploited contracts, and other vulnerabilities in digital assets. 

By using Alliance Block’s multi-pair liquidity mining platform, Bridge Mutual will be able to offer BMI token holders instant liquidity through staking and high APY rewards for a variety of pairs. Once integrated into AllianceBlock’s P2P lending platform, Bridge mutual will be able to provide coverage to investors. Additionally, Bridge Mutual is working towards…

Continue Reading

Press Release