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 Outdated search engines do not really showcase the aggregate information needed due to the fact that the Traditional Internet is centralized – important information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
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
One thing that is expected is the approval of Bitcoin ETFs…
Do or Die: 3 Crypto Projects that Really Need to Deliver Soon
Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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