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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

Blogs

TRON Partnership Involves Cloud Computing

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TRON partnership
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It has been almost an entire week since Justin Sun, the founder of TRON (TRX), announced a new big partnership for this cryptocurrency. His Twitter announcement did not provide a lot of information, except for the fact that the TRON partnership is with an industry giant worth tens of billions of dollars.

Even so, the entire crypto community started speculating about the new partner’s identity. Soon after the announcement, a new rumor emerged, claiming that the identity of an unnamed corporation was uncovered. According to the rumor, TRON’s new partner is none other than Baidu, one of the largest tech giants of China, which also represents this country’s largest internet search provider.

Baidu is often viewed as China’s version of Google, and if the rumors of a partnership with this company turn out to be true, this will be a big game-changer for TRON.

However, in days following the announcement, new reports started coming in with claims that the partnership will not revolve around blockchain technology. Instead, ODaily reported that the alleged partnership between TRON and Baidu will be focused on cloud computing. The report claims that TRON will be purchasing computing resources from Baidu.

Baidu to…

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Bitcoin

Will Ripple (XRP) advocacy hike affect bitcoin dominance of China?

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Currently, China is leading in Bitcoin mining industry by far, second to none for bitcoin mining power. Literally, it’s contributing over 70% of the network’s hash rate (a term that is used in describing the total processing power of a blockchain network). But how Ripple fits in here and what it has to do with that? We’ll talk about that a bit later below, let’s cover some in-depth facts about China’s dominance over Bitcoin first.

It’s a near-complete dominance by China on the BTC mining grid that has made it responsible for mining a majority of circulating bitcoins. A Beijing-based company, Bitmain Technologies, is highly responsible for extracting the significant part – more than half of the globe’s bitcoin, and alone, it has approached 50% of the total hash rate more than once.

The fact that China is controlling a majority of Bitcoin hash rate, clearly tells that it has the power of manipulating or merely destroy the bitcoin network if it gets enough support should it decide to take such a move. Therefore, this has led to serious concerns among countries including the US that China might get an edge in this cryptocurrency industry and possibly becoming a potential threat.

China is the biggest manufacturer of Bitcoin as well as cryptocurrency mining equipment. The reason behind the massive growth of mining farms in the country is because of cheap electricity bills.

Furthermore, the country has adopted several…

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Altcoins

Ravencoin (RVN) Surges Following Binance Listing

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While most cryptocurrencies today still remain unstable and at the edge of falling into the red, there are some coins that are doing significantly better. One such coin is Ravencoin (RVN), which has surged by over 26% in the last 24 hours.

About Ravencoin

Ravencoin came to be as a hard fork of Bitcoin and was inspired by a popular book series-turned-television programme, Game of Thrones. The coin’s developers decided to make Ravencoin an open-source project that provides users with the ability to declare assets on their platform. The platform itself is decentralized, transparent, and secure.

Just as Game of Thrones’ ravens are used for spreading the news and truth, Ravencoin hopes to become a carrier of truth regarding the ownership of assets on the blockchain.

Ravencoin’s main use case is for performing P2P transfers, while it prioritizes security, autonomy, user privacy, and control. Additionally, as a coin fighting for truth and transparency, it also stands against censorship.

Ravencoin got listed on Binance prior to MainNet launch

Following the last week’s announcement that Ravencoin is getting officially listed on Binance, the world’s largest cryptocurrency exchange ba trading volume, Ravencoin experienced a large price surge. At one point, the surge took the coin’s value up by over 31%. At the time of writing, however, the coin is still growing, with an increase of 26.15% in the last 24 hours.

Getting listed on Binance has brought Ravencoin to the top…

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