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You think Tron (TRX) looks good? It’s even better

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It’s barely a year since Justin Sun started the Tron Foundation and the project is already one of the most significant in the cryptosphere. This year has been critical.

The Main Net was launched successfully a few months ago, and it seems it was the only missing ingredient in a three-star dish. The Main Net unleashed Tron’s prestige and power, even if the Tronix price remains low.

Once Tron’s new Main Net came online, Tron completed the SR (Super Representative) elections, then it released its virtual machine TVM (Tron Virtual Machine), and its wallet is now fully workable in both iOS and Android.

Those are incredible achievements, especially for a project that is so young, but they’re just a few good things happening around Tron lately. There’s a lot more. What else is happening?

Tron is offering its platform for ICOs, and, according to many neutral observers, it could take that market away from Ethereum which has been the standard for years. This has to do with Mr. Sun’s insistence on Tron’s superior features, as compared with Ethereum, and it seems that the cryptosphere has been listening.

Tron could turn out to be the next big thing for the upcoming ICOs, and we’ll explain to you why in this article. Tron aims to be the future for web decentralization and content management, but it could also become the future for all new digital assets.

Have you heard about TronWatchMarket? It’s one of Tron’s many new projects. It is a new decentralized exchange for tokens. So far, almost half a million new accounts have been created, showing there is a lot of interest in using Tron’s platform to launch new token sales, and it’s been the first platform to actualize Tronix coins.

Then there’s TronLink. It’s a Tron community project in the form of a chrome add-on. The blockchain foundation tweet in July:

Tron: The good stuff

ICOs used to be exciting. Not anymore, especially after they were declared securities. Tron has come to realized that, as well as participants. They’re tedious unless you’re an expert who knows how to deal with Ethereum’s smart contracts.

It’s even weirder that some Ethereum-based ICOs don’t award their participants with tokens in exchange for their money right away, which is entirely beside the point of an ICO.

That kind of ICO needs trust from participants, and the whole point in blockchain technology is to do away with the need for confidence in transactions. Tron can fix this, right here, right now and make ICOs true to the blockchain spirit.

It’s so easy to create new tokens over Tron’s Main Net that it’s becoming a problem. It takes only $20 to create a new token. This has seen the creation of several fake tokens that end up being scams which, in turn, become a challenge for wallets that have to distinguish between authentic and false projects. This may not be great news, but we all should keep this in mind: true democracy is always messy.

Tron: The great stuff

Tron is a very efficient blockchain. So much so that the transaction fees are incredibly cheap (0.1 TRX or $0.002). This makes bandwidth very affordable for all users, but it still prevents hackers and spammers to get in the way of the community. These prices make the network both safe and inclusive. You don’t need to be rich to join it, but you can’t mess around with spam either.

Tron Foundation tweeted:

At the time we write this, Tron trades at $0.0262, which means it’s risen by about 2.57% over the last 24 hours from now. It’s ranked 11th at CoinMarketCap (was at 13th a couple of days ago), and its trade volume is at 333 million for the last day. Tron is a project to watch closely. And we, at GlobalCoinReport, will keep you informed every day.

For the global insights every crypto trader must have, apply 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 MaxPixel.net

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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