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Tron Mainnet Goes Live as Justin Sun Declares “Call for Independence” - Global Coin Report
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Tron Mainnet Goes Live as Justin Sun Declares “Call for Independence”

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Tron
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As an open-source distributed ledger, blockchain technology has rapidly gained recognition in the global market. Regulated by cryptography, blockchain has been deployed by various platforms to design interesting projects. Tron (TRX), a blockchain-based project for content distribution, is one such instance of the decentralized application.

Operational since September 2017, Tron is regarded among the most promising altcoins in the market, making waves in the digital entertainment industry. After a year-long wait, Tron’s Mainnet is finally live, creating fresh interest in the trading community. Much to the investors’ disappointment, the transition hasn’t been smooth, and the coin suffered greatly on the onset of such changes. As per the records, the price dropped by 14% from its previous position. If you want to know what Tron has been doing, here’s the full the story.

Tron Releases Odyssey 2.0

The tenth-largest currency by market capitalization, Tron (TRX) has started the transition. The altcoin, which declared independence from the Ethereum network, has become the talking point in the community. Tron’s Mainnet, which has been named Odyssey 2.0, was launched on May 31 at 12 am UTC, leading the $4 billion crypto to the path of becoming an independent network.

As per the updates released by the team, the network will assume the beta status for the most part of June, allowing the team to configure the wallets and browsers.  The token migration of the currency is scheduled to take place from June 21 to June 24, when ERC-20 token-holders would have to deposit their coins on registered exchanges to receive TRX token on the new network.

The transition will reach the culmination on June 25, when the Genesis block will go live. June 25, which has been called “Independence Day” by the developers, will put to test the most talked about the prediction of Tron that regards it as an “Ethereum Killer.”

This transition is going to be a pivotal step towards the independence of TRX protocol. Speaking of the switch which anticipates changing the course of the coin, Tron’s CEO Justin Sun said, “Our team maintains a high standard of excellence as we head towards becoming a mainstream public blockchain. The move of the TRON Protocol to Mainnet makes it easier for developers to break away from Ethereum and opens up new doors towards better scaling, commercialization and express lanes needed for global dApp development.”

As a part of the Ethereum network, Tron (TRX) has operated as an ERC token, and TRX token has moved up considerably in the market charts, securing a solid follower-base. Although the coin has been slammed by many after it got caught in high-profile controversies, the coin has cemented its place in the community for its unique approaches. Discernibly, the hype around the Mainnet release didn’t translate into positive price movement, and the coin slipped 5% on Wednesday before the launch of Odyssey 2.0. However, considering the optimism around the developments on the blockchain, the trends can reverse in the coming weeks, taking it to the zenith of success.

Justin Sun Announces a “Call for Independence” Conference

After a period of high volatility, the crypto-market has finally stabilized. What was considered to be a moon landing for Tron ended in a shocking decline. The progress made by the currency in the past few weeks has been sidelined by Bitcoin (BTC) that led the crypto market into a depression. Despite the turbulence in the market conditions, all eyes are set on Tron (TRX)’s Mainnet, as Justin Sun dubbed the event as “a call for independence.’ With the much anticipated Mainnet going live, the CEO and Founder Justin Sun summoned the community to join him in “a call for independence” conference. Like every other notable announcement, Sun made the call official on Twitter. “A CALL FOR INDEPENDENCE” Strategic conference about #TRON Mainnet launch will be held at 11 am, May 31, 2018 (UTC+8)! Be there or be square,” he tweeted.

Tron (TRX) and the Market

As a part of Ethereum blockchain project, Tron has seen a meteoric rise in the crypto world. The coin has attracted the limelight right from the start, prompting many investors to switch their investment options. With Bitcoin on the decline, this year has been difficult for most of the top-performing currencies. With the big currencies suffering from major a price slump, altcoins like Tron have become all the rage.

Evidently, the speculations and optimism surrounding the Mainnet launch failed to bring positive results in the market. With Tron crashing 8% in the last 24 hours, Tron features among the top losers this week. While many investors expected that the price will skyrocket to reach an all-time high, the bearish momentum has kept the prices in check. Tron’s transition from the Ethereum network, which has been dubbed as a “call for independence”, promises some positive developments in the future. With the token swap event slated for June, market analysts predict a price surge at the end of June.

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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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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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