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How Tron's new Mainnet is boosting mass TRX adoption already - Global Coin Report
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How Tron’s new Mainnet is boosting mass TRX adoption already

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Tron TRX
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Before I start explaining how Tron (TRX) Mainnet, Odyssey, is enhancing the chances of Tron adoption already, I need to explain some crucial thoughts with you. That’s, the whole cryptocurrency experience is still in its initial stages. Take fiat currencies as an example: the US Dollar or the Euro do not need a fan base. Lots of people use them because they are accepted and considered to be stable currencies by everybody in the world. That’s because they are very well established and backed by several governments in the world and by users as a default.

Crypto coins are different. No government backs them up, and the general public is either ignorant on the subject or distrustful, and no cryptocurrency in the cryptosphere so far (not even Bitcoin) is so well established. That means that every digital asset needs a user base that makes it relevant. Also, the more a coin is used, the more its demand increases thus performing better in trades and exchanges.

In other words, every crypto coin’s success starts with its users and community members buying tokens and using them for digital transactions. If this doesn’t happen, that project or currency can never take off. That’s why it’s been quite impressive to see how Tron’s Tronix (TRX) fans and believers have been at the forefront in letting the world know that Tron’s new Main Net and new autonomous coins have turned some very high expectations into reality. At this point, Tron’s network is faster and cheaper than any other (except Ripplenet and XRP) so it seems that Justin Sun is delivering on the very bold promises he made before the launch.

Justin Sun himself was proud to retweet something by a user called @Kev_TRX_4_Life who wanted to share with the world how quickly he could do a Binance to TRX transaction. He quoted delivery times and prices. Three and a half minutes for TRX to be delivered into his wallet from Binance, at the cost of 0.1 TRX which is equivalent to a thousandth of a USD cent. Sending XRP back to Binance took two minutes. That’s indeed quite fast and cheap.

Some other users used the chance and the general euphoria to remind and explain to other users about the coin burn. Haven’t heard about it? Ok, let me tell you. For every transaction that is done using the Tronix token some of the TRX supply will be burnt (which means it will be withdrawn from the market permanently thus diminishing supply and increasing demand.)

It will work like this. Every time a new account is created over the Tron Main Net, 0.1 TRX will get burned; every single transaction will burn 0.001 TRX. The apparent consequence is that the more Tron users there are, and the more users that run Dapps over Tron, the more TRX tokens will be burned. So in Tron’s basic economics the success in expanding the project’s user base brings the supply down thus keeping prices high.

Tron has shown to have a very loyal and excited user base. They seem to be quite happy with Tron’s new environment and are supporting it to death and screaming it to the world. They are indeed adopting the cryptocurrency, using it and trading it, and this is a sign that both the Tron foundation and Tron’s users understand the mechanics in cryptocurrencies and they’re getting the fundamentals correctly.

This all promises a great future (and mass adoption in real-world shortly) for the project, the cryptocurrency, and the community.

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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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Ripple
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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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