Connect with us

Blogs

Tron (TRX) Is Destined To Take Over The World In Less Than A Week

Published

on

Tron
READ LATER - DOWNLOAD THIS POST AS PDF

The phrase taking over the world means that an individual or a group of individuals want to orchestrate world domination. This is a bit of a negative annotation because most of the times, it involves the use of some type of force: something we doubt the Tron (TRX) Foundation will be using on the 25th of June. Their weapon of choice during the Tron Independence day will be a fully functional Tron MainNet that is the epitome of blockchain technology. This platform is sure to edge out the already existing ones such as Ether’s platform.

This is how Tron will take over the world of technology as we know it. Its platform will be the choice platform for developers of Decentralized Applications because Justin Sun and the Tron Foundation are making sure it is a solid platform. The platform will be able to achieve as much as 2,000 transactions per second with little to no fees when transacting on the MainNet, making it the preferred option for many users and DApp creators.  Tron users can initiate up to 25 transactions a day for free. Creating a new account requires coin burn of only 0.1TRX, and transfers cost 0.001TRX.

How will Tron achieve further domination?

To begin with, the current bug bounty program with an upper cap of $10 Million will guarantee the best of the best in the form of ethical hackers and institutional cybersecurity firms. One needs to only refer to the current issues facing the EOS MainNet to understand why a higher bounty will motivate the best to find the most hidden of bugs in the MainNet. Tron will be able to bypass any delay hurdles brought about by software bugs.

A second way Tron will take over the world of blockchain technology is through its vast community of followers and believers of Justin Sun. The twitter followers of Justin keep growing by the day and the number currently stands at 515,000. The Tron website indicates that there are currently 1.22 Million TRX HODLers furthering the claim that the community is one of the largest in the crypto-space, if not already the largest by individual numbers.

A third way that Tron will take over the world, is through the current momentum the project has. One needs only browse the numerous crypto news websites, to realize how much Tron news and updates are constantly covered. Another way would be to log in to Twitter and browse the numerous Tron related hashtags for comments.

It is therefore with the about few points, that Tron (TRX) is indeed headed towards World Domination in a technological way. What remains to be seen, is if all the developments and a functioning product will, in turn, cause the new coin of TRX to skyrocket to the stratosphere in terms of value.

For the latest cryptocurrency news, join our Telegram!

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 Pexels

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Elite