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Tron (TRX) essentials: Tronscan, what is it and how to use it?

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Tronscan is an important part of the Tron project. You can find it at tronscan.org. What is it? Well, imagine a smart-contract platform like Ethereum, only that it’s fast, more reliable, and it runs on steroids with a much lower gas cost. Tron is developing a full ecosystem around it, and it’s becoming fascinating.

It’s a decentralized website that serves several different purposes. It’s a decentralized exchange you can use to trade TRX tokens or to issue your own token based on Tron’s blockchain, just as in Ethereum, but it’s many other things as well.

So how do you get started? You go to the site tronscan.org, and you create a wallet, come up with a password, type it. The second step is to save your encrypted key. You’ll need this to access your Tron tokens from another computer. Then you come up with your own private key. All this information must be kept safely outside of your computer. And that’s it. The whole process is incredibly simple, and it takes fewer than two minutes. You’re part of Tronscan.org now.

What’s next? We create a wallet inside Tronscan. It will allow you to send and receive TRX tokens. Tron’s wallet is a chrome extension, very easy to install and use, and that’s where you will receive (or send from) your tokens.

It’s very practical, and if you like Chrome, then your Tron Wallet will be available to you at all times. Just keep in mind this: your Tronscan and your Tronk Link (the one on Chrome) wallets are different entities. You can bounce tokens among both as you wish.

There’s also the voting feature. This goes to electing the Tron Super Representatives. To vote you have to freeze at least one of your Tron wallets. Some of the candidates will incentivize you by paying you in Tron tokens for your vote (almost all of the SR do now).

The third part is that it’s a decentralized exchange in which you can buy or sell all kinds of TRC-20 tokens (the ones that are issued using Tron’s technology). That include’s Tron’s Tronix (TRX).

Click on the DEX link to find out what are the active coins. Everything in Tronscan is traded in TRX pairs. You just click on the coin you want to buy, type down the number of coins you wish. It’s very simple if you compare it with your typical crypto exchange.

In the fourth section (the token section) the system shows you every single token that’s being created on the blockchain. It’s a bit technical and not all the tokens that are being created are actually available for trade. But this section will also give you information on tradable tokens if you search for them (be careful as it’s case sensitive).

The contracts section shows you how many contracts are running in the network and how many coins are involved in it.

Tronscan is an exciting part of Tron’s project. It’s very well designed, safe, and reliable. If you want to get into the Tron community and don’t know exactly how to get started, just visit tronscan.org and have some fun. It gives you a general overview into almost all aspects of Tron, so it’s a great way to start.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up 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 Rawpixel/PixaBay

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FOTON Bank Is Launching An All-in-One Crypto Banking Service to Process up to 500 Transactions per Second

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The decentralized FOTON project is launching its next-generation crypto-bank ecosystem to stimulate and facilitate the use of cryptocurrency payments worldwide, as stated in the official press release published by the company.

The statement issued by the FOTON project on December 3, referred to the launch of a decentralized crypto-bank designed for multi-currency transactions featuring a built-in fiat and cryptocurrency exchange system and instant contactless payments for goods and services worldwide. The system is intended to become a stable and flexible ecosystem that will enhance scalability for services related to financial assets, exchange solutions, cards, accounting, and business/customer services.

The technology being employed in the design of the ecosystem was specifically created to tackle some of the most critical issues facing the modern banking system, as well as the widespread adoption and application of cryptocurrencies in routine business transactions. The issues the FOTON project’s ecosystem seeks to solve include overregulation, bureaucracy, centralization, system faults, volatility, legal constraints and complications related to practical use.

We are creating the ecosystem that will prove to be the impetus and basis the crypto market needs to make the effective transition to becoming the next global banking system,” as stated by Andrey Pashkevich, CEO and Co-founder of FOTON.

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“The time to buy is when there’s blood on the streets” – Baron Rothschild

You have probably heard these stories, but let me explain why they are as important today as they were 100 years ago when first spoken. Not only that, it is just as relevant today. A bit of a background first.

Napoleon was at war with England. The Battle of Waterloo, it was England’s last chance to save itself, and remain as England. Baron Rothschild was standing at his post in the London stock exchange. If England wins, the market will rally, if Napoleon wins, it will go to shit. Baron Rothschild sends his private messenger to Waterloo and demands that he return to him and report who won the war.

His messenger does so and makes it in time before the public knows anything. England had won the Battle of Waterloo.  At his stand on the exchange, what does Barron do? You would think buy up stocks right? Nope, Baron starts to sell, at first slowly, and then faster. The other brokers on the floor watch what Rothschild is doing and think “Baron knows something, we lost, start selling”. Now, the brokers on the exchange begin selling in a frenzy. In the midst of all this, Baron begins placing buy orders at the bottom of the market through other brokers who do not know…

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Crypto Users’ Search For a Good Bitcoin Blender Stops With Bestmixer.IO

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At first glance, it might seem easy to find a good bitcoin blender that guarantees your anonymity and is secure. There are after all a number of big bitcoin mixers on the market, so how different can their services really be?

If that’s what you’re thinking, beware. All bitcoin blenders claim to have anonymous transactions – that is after all the main reason why anyone would want to use these services. This claim was however always difficult to test. How does one go about to check if these promises are indeed true?

This was the case until BestMixer.io appeared on the scene. Unlike previous bitcoin anonymization services, BestMixer.io features complete, verifiable anonymization for bitcoin. Releasing a utility named the Coin Anonymization Event (CAE) check, BestMixer.io not only proved that their bitcoin transactions could not be traced, but also showed that those of their competition could be. With this bold move, BestMixer.io not only demonstrated that they are a good bitcoin blender, but one could argue that they are the best. Even though those services that were exposed as not being anonymous have in the meantime changed their systems to prevent the CAE-check from revealing transaction detail, would you really be happy to trust them again?

BestMixer.io mixes not only Bitcoin, but also other leading cryptocurrencies including Bitcoin cash, Ethereum, Litecoin and Bitcoin SV.

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