Connect with us

Blogs

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

Published

on

unifox-ad
TRON
READ LATER - DOWNLOAD THIS POST AS PDF

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

Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

Published

on

WINGS
READ LATER - DOWNLOAD THIS POST AS PDF

WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

Continue Reading

Blogs

6 Blockchain Predictions For 2019

Published

on

blockchain predictions 2019
READ LATER - DOWNLOAD THIS POST AS PDF

As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.

While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.

1. Search for new and better business use cases

Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.

Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.

2. Fixing blockchain industry’s image

For a lot of people, blockchain…

Continue Reading

Blogs

TRON DEX Goes Crazy, TRX Founder Asks For More Projects

Published

on

TRON DEX
READ LATER - DOWNLOAD THIS POST AS PDF

Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.

So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.

TRON DEX sees massive growth in activity

Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.

While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.

In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…

Continue Reading

Elite