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Tron (TRX) stability generating shock waves in the entertainment industry

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No, it was not a problem with your phone or your web browser. As of Tuesday evening, the video streaming giant website, Youtube, was down for many users due to a worldwide outage. And that pushed many who are familiar to the blockchain, to immediately think of Tron as the option worth trusting in the long run.

The downtime appears to have begun sometime around 6 in the evening on Tuesday, making it one of the most extended outages the video streaming company has ever experienced. Through their Twitter handle, Youtube was quick to assure its users that they were aware of the disruption and that they were working on it.

Although Youtube was able to restore their services up and running after 2 hours, millions of users around the globe were frustrated and angry towards the company as they could not access the network.

Many of YouTube users noticed the video service’s site and their mobile app was not functioning at around 9 pm ET, and nothing changed until after an hour. To some users, the outage lasted for more than 2 hours sparking them to vent their frustrations on Twitter. Also, Youtube TV and YouTube video were not spared as they too were affected by the outage.

At about 10 PM ET, some users attested to the site’s normal functionality with its services coming back to normal in most parts of the world. However, the YouTube technical team is yet to make it public on what could have been behind this downtime.

On the other hand, some of the companies who are familiar with such outages and technical issues are not concerned with what might have caused this instead they are offering a helping hand to assist in resolving YouTube’s technical challenges. One among the ones that showed interest in assisting YouTube in avoiding such occurrences in future is non-other than Tron Foundation.

Tron Foundation is a cryptocurrency network that uses its blockchain technology to transfer content, from content developers to content consumers. Tron believes in the school of thought that with its platform which is comprised of many nodes that are based on the decentralized system, such downtimes, and technical problems should never arise or occur.

How Tron Intends to Solve Such Issues Encountered by YouTube

Server and downtime errors are nothing new to YouTube users when they try to sign in to any YouTube channels with the intention to watch or upload videos. In the recent downtime, YouTube users were unable to access the video streaming platform which kept on buffering.

Through a tweet, Tron Foundation was quick to make it known that they could handle such issues.

The advantage Tron (TRX) has over YouTube is that it has a decentralized platform that can be utilized in creating the blocks of blockchain it uses. The Tron’s network does not have a central point that is available to downtimes, bug attacks, and cyber-attacks.

The platform is easy to access and more secure due to the absence of a central point, making it easy for a node to manage another when it is experiencing downtime.

Ironically, YouTube currently is the most popular network overseas Tron investors and traders use to discuss and engage with each other on matters concerning Tron (TRX) in comparison to other social media platforms.

For the global insights every crypto trader must have, apply 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 WikimediaImages/PixaBay

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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