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Tron (TRX) becomes mighty (and finer) with Virtual Machine launch

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Tron TRX mighty finer TVM launch

Tron (TRX) as a cryptocurrency and a blockchain technology has come a long way to curve a niche for itself in the crypto space. According to Tron’s (TRX) recent news, the launch of Tron Virtual Machine today positions the blockchain technology ahead of other competing digital assets marking a big milestone on Tron’s development calendar.

There is a sense of excitement among Tron community members as they wait to usher in a new dispensation of scalability and efficiency on the Tron (TRX) platform. Justin Sun, the CEO and founder of Tron (TRX) announced the launch of Tron’s Virtual machine via his Twitter handle, saying:

Justin Sun twitted this tweet today, too.

Tron as a blockchain technology and as a platform has been making headlines for all the good reasons and has been fortunate to create a lot of interest from the general public and major financial institutions across the globe.

A lot of big companies have adopted Tron’s platform into their operations – thanks to its consistency culture and attitude in doing business especially since the beginning of this year. Tron has managed to host many projects on its network with much more waiting in line to adopt the blockchain technology.

Tron Recent Burst of Activities

There is no doubt that Tron (TRX) has been very busy this year with the March 31st Testnet commissioning, acting as the start of a new era in the blockchain industry. The Testnet release played a big role in ushering the Mainnet project which has, in turn, boosted investor and consumer confidence in Tron’s blockchain technology, thus leading to an increase in adopters and investors.

Within a few months of Tron’s massive adoption and partnerships, the virtual coin price value has started showing positive signs with the crypto market looking very accessible. Although many altcoins have fallen victim of poor prices credits to the poor market trend that had hit the crypto market since early June, Tron’s (TRX) stability and resolve seem to be secured on the projects they had invested in since the Testnet.

What’s so Special with Tron Virtual Machine?

According to a recent press release by staff members of Tron (TRX), the blockchain technology will be launching their anticipated TVM today, promising users of a superior experience by offering the desired network optimization and scalability. Tron’s Virtual Machine will be customized to the Tron platform.

We already know that Tron’s VM will be a game changer because, during the testing phase, the platform recorded an increase in Transactions per Second managing to handle more than 49,000 transactions in a single day. Tron’s project team project the TVM will be able to process more than one million transactions in one day.

According to the CEO and Founder of the blockchain technology, Justin Sun, Tron’s VM will be compatible with other Virtual Machines belonging to other cryptocurrencies such as Ethereum.

After the launch of the Virtual Machine, developers will be on the advantageous side as they will be able to enjoy a more secure, scalable, efficient, stable, and convenient blockchain network.

Notwithstanding, the theory of Bandwidth is going to be applied to Tron’s VM which means no transaction fees are going to be imposed on smart contracts or normal transactions. During the release of the Beta version, Tron’s CTO, Lucien, pronounced that Tron’s decentralized application ecosystem was going to be separated into three parts, namely, the third-party tools, development tools, Engine tools.

Just like Ethereum’s development tools, Tron’s development tools that include TronLink, Tron Remix, TronWeb, TronTruffle are pre-requisites for developers who would like to develop an entire distributed application.

Also, along these development tools, Tron VM will also provide developers with 20 different game templates to enable developers to create more sizeable games, refereeing to the templates while creating their dApps.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Ashley Knedler on Unsplash

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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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