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Tron (TRX) intro to the gaming industry promises the coin great fortunes

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Just like everything in the current world, the way we transfer money across borders and how we make payments is evolving and changing. This is nothing new as this revolution process began nearly five years ago giving birth to cryptocurrencies. The development of cryptocurrencies continues every day to this very day, and even though they are not all equal; some are doing better than others.

Cryptocurrencies continue to gain acceptance in the world market as the future of money transactions, although they are in their infancy stages. They still have a long way to go before they are universally accepted as a mode of payment on a global level. As per different authentic sources, the number of virtual currencies is between 1600 to 1800 digital coins. Wow.

Tron (TRX)

Tron (TRX) is a blockchain technology that focusses in the area of entertainment and creative content with the goal of changing the internet on a universal scale. Tron (TRX) intends to carve out a decentralized content entertainment environment; it is also an open-based universal digital entertainment protocol.

A few days ago, Tron (TRX) successfully launched its new Main Net, but like other cryptocurrencies in the market, TRX has not lived up to the expectations of many. However, focusing on Tron’s value at present is being short-sighted, rather the focus should be on what Tron as a blockchain can achieve in the long-run.

At the moment, an investor is supposed to focus on the vast opportunities the Tron blockchain and its application offers to the public. There is a wide array of industries showing interest in collaborating with Tron and driving up its value. One of the industries warming up to Tron includes the Gaming Industry (of course, sports sector is not to forget).

Gaming Industry

The gaming industry is a fortune industry approximated to be a multi-billion industry that is increasingly warming up to the idea of blockchain technology, Tron being on the forefront. The reason for Tron’s adoption in the gaming industry is because it meets all the technical requirements and standards for developing complex online games in a localized environment.

For example, game developers can make use of Tron’s platform to develop games at low costs, thanks to the blockchain’s zero fees. Also, the blockchain can accommodate transaction speeds of up to 10,000, making it the perfect platform any gaming developer would like to use and broadcast their efforts on a global scale.

Tron and the Gaming Industry

Tron has been able to widen its influence to the gaming market by partnering with a supreme gaming company, Game.com, Xu Le, and BitGuild (also a blockchain-based gaming firm). These partnerships are a great starting point for Tron’s intrusion into the gaming industry increasing its possibilities of regaining proprietorship in the virtual world of gaming.

Game developers are not wasting any time utilizing Tron’s stable platform launching games that have the potential of going viral and in turn, drive up the prices of TRX. A good example is this virtual farming game that allows players to grow crops, farm animals as well as purchase farm machinery by the name Cropbyte game. In this game, all victories are paid out in actual TRX currency.

Many other games are being launched in Tron’s platform; it’s just a matter of time they will start driving up its value.

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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

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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