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Tron (TRX) makes another major stride as its accounts surpass 400K mark

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Tron is one of the biggest blockchain platforms in the market today. Through the dedication and hard work of Tron Foundation and its CEO, Justin Sun, it has become a renowned digital asset. Just a year ago, Tron was a conceptualized platform, but with lots of projects such as TVM, ‘Project Atlas,’ and Tronscan, it is set to take over the world.

Tron has achieved yet another success as its network has expanded. The fully decentralized-focused blockchain network account surpassed 400k mark just a couple of days ago, on 26th September 2018.

Before this announcement was made, it is important to note that Tron surpassed EOS network account and increased to more than 300,000 earlier on; now, Tron has even moved up and surpassed 400,000 mark. Following is a snapshot from Tronscan.org showing the number of accounts on the Tron network at the time of press.

Tron Accounts

Snapshot is taken from Tronscan.org official page.

Coming back to Tron leaving EOS behind, Justin Sun had earlier revealed that Tron would surpass EOS network which has about 333,970 network account, at the end of the third quarter of the year during the launch of Tron’s Virtual Machine (TVM). That’s already done now, as stated above.

Also, Tron has experienced an increase in its daily transactions. It is necessary to also note that at the beginning of this month, September, TRX daily transactions reached highs of more than 400,000. And now, as I write this, the last day transactions that Tronscan shows were 245124, which tells the network usage is multiplying.

Tron’s Virtual Machine got launched a couple of months ago, and during the launch, Sun said that Tron’s VM would be a lot faster and better than Ethereum’s. However, Sun’s statements have been actualized as considering the community’s reaction, Tron’s VM is 1000x quicker and compatible than Etheruem’s VM.

Sun also stated on his official Twitter page that Dapps developers should not build their Dapps on Ethereum’s network and that Tron has the capability and efficiency to give Dapps developers a better experience.

Tron’s Projects: Completed and Work in Progress

Tron’ network is growing with every day that passes, and this is due to its accomplishments. Just this year alone, Tron’s ICO was completed (within three days), its blockchain developed, 2000 TPS, ERC burned and now TRC, BitTorrent acquired, Blockchain.org acquired, MainNet launched, 27 Super Representatives elected, and TVM launched.

Sun recently released Tron’s weekly report to the world that covered all the completed projects and the ones still being worked on by Tron Foundation.

According to the report, there have been several signs of progress so far on Tron’s network which includes the addition of hardware information detection and datum test for nodes. In the last seven days, Tron has included a paging query function to its platform. For its wallet, an update with a completed account-system related to unit test has been done.

Several projects are still being worked on. Tron is also working to improve its TVM test cases. Also, a UPnP test has been done on its network alongside a complete multi-signature related unit test on its wallet.

At the time of writing, the price of TRX is $0.02264, after going up by 6.80% in the last 24 hours, with a market capitalization of $1,491,808,093. The blockchain occupies the market position NO.13, according to CoinMarketCap.

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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.

Photo by Nghia Le on Unsplash

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HODLing Stellar Is A Good Plan For 2019

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HODLing, or holding on to a certain asset or assets has always been an extremely useful investment strategy, even before cryptocurrencies were even imagined. Now, with the market being more uncertain than ever, many are wondering what is the right thing to do with the coins in their possession.

Of course, things change depending on the coin in question, but today, we are going to talk about why it is a good idea to hold on to your Stellar (XLM) in 2019.

Why You Should Hodl Stellar (XLM)

The crypto market is rich with hundreds, and even thousands of different projects at this point, and separating valuable ones from those that are destined to slowly fade away can be tricky. However, even the biggest skeptics believe that Stellar is a coin that is here to stay.

XLM was first launched in 2014, and for a long time now, it has been among the top 10 cryptos by market cap. It is an open-source, decentralized protocol that allows users to send fiat currencies by using cryptocurrency as a method of transport. In a lot of ways, it is very similar to XRP. However, the biggest difference is that Stellar aims to offer its services to regular people, while XRP is more interested in working with banks and financial institutions.

Nevertheless, sending money, especially when it comes to cross-border…

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Reasons To Invest In Electroneum In 2019

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2018 has been quite a rollercoaster for the crypto space. Coins went up and down more times than anyone could have guessed, not to mention two massive market crashes. However, in a few short weeks, the year will be over, and a new, positive period for the crypto world is expected to arrive.

While there are many predictions for 2019, today we are only interested in one thing — Electroneum (ETN). A lot of people quickly took notice of this coin, and many believe that it is among the coins of the future. Indeed, it has received a lot of attention, and many are interested in why that is, and why investing in it is a good idea. So, let’s take a look at a few reasons why you should invest in ETN in 2019.

1) It is fast

Speed and precision of any service have always been very important to people. This importance is even greater when making a profit depends on it. Electroneum developers were aware of this when they created it, and the coin is up to 5 times faster than Bitcoin. This means that ETN transactions can be confirmed much faster, which in turn reduces fees and waiting time.

Furthermore, there are also plans to create Electroneum Virtual Currency Exchange, which will allow the project to act as an exchange. However, the even…

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STEEMIT Running Out Of STEAM?

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Has Steemit seen its glory days run dry? There have been many rumors that the CEO Ned Scott has pushed the company to the blockchain focus that he forgot about Steem being a social media platform. Now, these are just things some of the former employees have been heard saying, but it is a rather interesting take as to what is going on. Give the following video a watch where I break down what is happening with Steem. I also give my thoughts on what may happen to other large ICOs and how we may see this trend continue as we have seen with ConsenSys laying off 10% of their workforce.

If the big name projects are starting to do this will it also have a trickle-down effect on other ICO’s which have no products and are running out of cash? I definitely think so, and I also see this negatively affecting Ethereum for the mid-term. The question many have been asking is just how long can the bottom 1800 projects last with the current market conditions? How many ICOs did not liquidate their Ethereum and now are stuck with 1/10th the cash flow or more in some cases, how will they pay to continue operations? What about the growing number of projects laying off employees…

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