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.
Thanks for your reports about YouTube, YouTube TV and YouTube Music access issues. We're working on resolving this and will let you know once fixed. We apologize for any inconvenience this may cause and will keep you updated.
— Team YouTube (@TeamYouTube) October 17, 2018
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.
Today, @YouTube users around the world had access issues on YouTube, YouTube TV and YouTube Music for almost 1 hour. Our #TRONICS believe that with the decentralized platform on #TRON, that kind of issue won’t happen. #TRX $TRX https://t.co/eFOcOwmpaL
— TRON Foundation (@Tronfoundation) October 17, 2018
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.
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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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Blockchain-Focused ETF Arrives on London Stock Exchange
The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.
While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.
The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.
Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…
Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?
Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.
However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.
Bitcoin as a divorce tool?
In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.
However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…
Three Biggest Things To Know Come Cryptocurrency Tax Season
In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.
These three tips should help anyone looking to legally report their crypto activity to figure out where to start.
Documentation is key!
There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting. Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.
Calculate your total gains…
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