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

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Tron TRX

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 Outdated search engines do not really showcase the aggregate information needed due to the fact that the Traditional Internet is centralized – important information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

Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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