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TRON Makes Grand Entry in the Gaming Industry with BitGuild Partnership

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Correlation Between Gaming and Blockchain Technology

The idea of collaboration between Gaming and blockchain technology have stirred the gaming market. Cryptocurrencies have fuelled gamers’ enthusiasm by offering means to buy in-game items using digital tokens. The option or feature of buying in-game items with real money has been there for quite some time but due to its risky nature, a huge number of alert gamers have avoided it. This flaw formed due to the duplicators, scammers have long attracted blockchain enthusiasts. With the help of blockchain, users can retain ownership of in-game items and through transparently secure transactions, blockchain could perfect the feature completely.

  • Direct Advantages of the Partnership

In this scenario, TRON has accelerated the revolution by announcing a strategic partnership with BitGuild which is in the blockchain gaming industry. It’s owned by gaming and cryptocurrency expert Jared, the founder of gaming platform ‘Reality Squared Games’ and live video game streaming platform ‘Livestar’ (in the year of 2016). Jared has been a dedicated virtual currency and gaming aficionado since 2009 when he founded the first virtual currency consulting firm called ‘Niubility’ in 2009. Through this daring partnership, TRON has made a concrete standing in the entertainment world through online gaming territory.

  • The Aim of the Collaboration

The aim is to provide freedom to the entertainment industry from the influence of middleman who exists between a gaming artist and player whilst transference of digital assets. This new team-up between TRON and BitGuild is supposed to allow gamers buy in-game items with TRONix(TRX) safely and get back the ownership of its use in game worlds however they please. Now, it’s possible for a user to receive an epic item/loot in the game and then either transfer it to some other user or keep it saved if they wish so that TRON’s blockchain technology will eliminate even the remote chances of fraud, misuse, and scams.

  • About TRON and BitGuild

According to TRON’s founder and CEO, Justin Sun, “the company has always prioritized online gaming at the core of online development” and it became evident when they declared the upcoming blockchain projects in cooperation with BitGuild. TRON has always been in the limelight owing to its stable and incessant growth. The currency is ranked as 15th top digital currency in the market according to Coinmarketcap.com and its total market cap is nearly $3.4 Billion while it’s total circulating supply rests at 66 Billion TRX as per the Coinmarketcap data at the time of writing this article. (16th March 2018)

  • TRON’s Aim

TRON’s blockchain based protocol is all set to create an independent content entertainment system with the aid of its unique distributed storage technology. The former chief representative for Greater China of Ripple, Justin Sun is smartly transforming TRON’s goals from whitepaper to real events. With their recent Main net launch update dubbed as ‘Exodus’, the company has cleared their target of becoming one of the most formidable digital currency in the market ruled by Bitcoin, Ethereum, and Ripple.

  • What to Expect from TRON and BitGuild?

Through this partnership, BitGuild is about to offer exclusive in-game assets to the TRON community as limited edition set. These assets can be purchased by TRX and thus represent TRON brand. At the instant of purchase, the items will be directly sent to the player’s digital wallet using blockchain technology and finish a completely secure digital transaction. But it’s different from traditional exchanges and blockchain solutions such as DMarket according to BitGuild’s founder Jared Psigoda. In his own words; “The current real money trade websites allow gamers to purchase the ‘right to use an item’ and not the item itself. There’s no tokenization of the item taking place on blockchain which gives way to frauds and scams to sneak in. But with the application of blockchain, we can reverse the volatility of in-game resources at present”. BitGuild recently announced its ICO that’s slated for April during which users can buy The BitGuild token called PLAT.

  • Closing Thoughts

By teaming up with the gaming-veteran team of BitGuild, TRON expects to turn gears in today’s excessively bearish cryptocurrency market. It is safe to say that both TRON and BitGuild expect to broaden the horizons of blockchain online gaming platform via this partnership. Although being a volatile digital asset that is subjected to market risks, TRX is experiencing a slant at present when its total market cap has come to $1.9. Therefore, it is immature to comment on how this collaboration will reflect on the days to come.

We will be updating our subscribers as soon as we know more. For the latest on TRX, sign up below!

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 Fernando Jorge Aguero via Flickr

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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