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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 Outdated search engines do not really showcase the aggregate information needed due to the fact that the Traditional Internet is centralized – important information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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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