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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.

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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.

Image courtesy of WikimediaImages/PixaBay

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Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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