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Tron (TRX) could soon become the Google of the blockchain, here is why

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Tron is almost a year old, and so far the project has achieved much in the crypto sphere. When it comes to transaction speed, it has surpassed cryptocurrencies such as Ethereum and Bitcoin due to the innovative team behind it. Its CEO, Justin Sun, has been ambitious on his goal to make sure Tron (TRX) is one of the top traded cryptocurrencies in the world.

At the time of writing, TRX is priced at $0.020 after increasing in value by 13.9% in the last 24 hours as a result of being listed by BITBOX. In its quest to become a global coin, the Tron Foundation recently announced that it had gotten its own domain name blockchain.org.

We do know the essence of a domain name to a company or a brand, and this is a significant achievement for Tron. Tron plans to enable its site into a search engine that will provide services for other new establishments in the crypto domain world.

Tron’s recently purchased domain will also provide lots of other services such as info search, project assessment, analysis, and others. Also, the domain website would provide lots of valuable information that would be beneficial for people gearing to change the cryptocurrency world.

Tron Live stated this:

We can truly see Justin and his team’s determination to build a solid TRON platform in the blockchain field. We believe with the integration of TRON Virtual Machine (TVM) and BitTorrent; it will take TRON further in the blockchain world. The future is indeed exciting for TRON.”

The blockchain era is rising by the day, but during its inception, the industry itself had issues with getting and distributing information. Outdated search engines do not really showcase the aggregate information needed due to the fact that the Traditional Internet is centralized – important information tends to get missing or concealed. Also, the industry earlier had snags in getting its own information for the public.

Nevertheless, with the acquisition of Blockchain.org, Tron Foundation has shown it is poised to eliminate the hitches facing the blockchain industry, thus, making a “decentralized internet” to serve all projects. It is important to know that Tron Foundation intends not to get any profit from this achievement. Justin Sun said,

The success of the project should not be measured by its profit or its user base. What really matters is that if it makes an effort to make improvements for the entire industry.”

Right now, there is no content on the website for now as it is in its early stages, all you would see is this: “Search Engine of the blockchain World + Big Data Platform.”  As time goes on, the website will offer a lot to the blockchain world. That’s for sure.

A domain name is highly vital to any brand. We can see that with Monaco (a company that aims to develop debit cards that are powered by cryptocurrency), it acquired the Crypto.com domain name last month. Although the crypto-cards company didn’t disclose the buying price but a domain such as Crypto.com could be of $10 million worth, at least.

With that, anyone can see how important a domain name is, and for Tron (TRX), this will ensure its goal to create a highly decentralized internet for the world turns into a reality quicker than many might be thinking. The ‘blockchain‘ is the primary word we all use for the industry, and with this keyword under their wings, Tron team looks capable enough to carry the touch and become Google of the blockchain sector in real. Let’s see how things evolve here.

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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 Pixabay.com

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Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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