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Tron (TRX): Holders will reach the top of the mountain of success soon

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A token that has become a household among the crypto sphere is without a doubt Tron (TRX). This virtual coin is taking one of the most solid steps of the industry to provide better features to its users each time and to fully become a solution for many of the problems the sector has been dealing with.

Even though the market has been struggling in the last couple of weeks, even being in red numbers at the moment, Tron (TRX) is showing its commitment to improve and overcome the current situation of the crypto industry. In fact, it all seems like it’s paying off, as the coin has been able to recover from the common dip of the market, and has shown consistent prices against the US dollar in the last days and some other popular coins in the sector such as Bitcoin (BTC).

Tron is currently developing a lot of connections and benefits for its whole community, and as it seems, this may bring in a massive success for those who hold the token. Let’s see how it goes!

The awaited launch of the MainNet

For so long, we have heard that Tron was building a platform for dApp users to be able to migrate from the ERC-20 protocol based on Ethereum. Well, this is actually a reality now, we have come to the well-acclaimed launch of the MainNet, finally.

It is expected that with this launch, the community enjoys a more friendly-user platform and better structure. The MainNet will represent a solution for the many issues reported in the Ethereum protocol, a fact that surely will have incredible repercussions for both users and investors. As expected, the pro-active crypto project has more exciting events in its pipeline already.

watch tron independence call live

The Tron’s independence call event to start in 112 minutes from the time of press.

Other developments Tron has been working on

Most of the improvements Tron has made have centered in the MainNet. However, Tron plans and has already started to deploy corrections for the three of its pillars, the structure, the consensus protocol, and the primary wallet.

One of the most renowned issues among the Tron community involved the Tron RCP front. In this matter, the company managed to solve the problems without even affecting the operations of the token. Many of the bugs have been already resolved, and Tron deploys technical tests very often to check everything’s ok, and the system is free of potential threats.

The same way, with respect to the consensus protocol the company already set an optimization, and as it seems everything will work correctly with the token swaps in the latest launch of the MainNet. As far as the bugs noted recently, the company is already worked on a solution and resolved them all before the time of the launch.

Another development right on track at the moment is the optimization of the Tron wallet verification. Tests are regularly deployed to check the right handle of the validity of contracts.

Partnerships and behavior of TRON (TRX)

Despite the bearish performance of the whole market, Tron (TRX) has managed to stay afloat. In fact, at the moment of writing the token is listed by coinmarketcap as the number 10 in the rank, with a value per coin of $0.061 and a market cap of $4,074,219,809.

In addition, Tron is currently building amazing connections among the industry, being able to collaborate recently with the giants vSport and Hydro Protocols, and that’s not the best, the company is also getting lots of attention from several exchanges of the crypto sphere, including Binance, BitHumb, DragonX, Liqui, and RightBTC.

Conclusion

Tron (TRX) is ready to hit the sky as the MainNet is already here. Besides building up great bridges, the company is getting a lot of attention among exchanges which is an amazing thing in terms of validation. The same way, it is expected that at least a 100 million of dApp users previously registered on the ERC-20 protocol migrate to Tron’s blockchain, a fact that without a doubt will boost the prices of the coin.

If you are a holder of the token, the main recommendation is to keep the coin; you may actually be surprised with the results coming next.

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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 Pxhere.com

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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Altcoins

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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Altcoins

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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