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

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Tron
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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.

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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 Rawpixel/PixaBay

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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MGO Will Likely Generate Substantial Gains During 2019

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MGO
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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

Xsolla is a global powerhouse within the gaming industry.  It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention.  Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types.  The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…

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