The blockchain technology was created, in the beginning, to support Bitcoin. That was its purpose and reason for being. But that was just the first version, no second cryptocurrency (like Tron or any other) except Bitcoin was created at that time. Currently, we have third generation blockchains and, while most of them still support a digital asset of some kind, the idea is now different.
The blockchain 3.0, which is the version in use by most new projects, is a lot more than means to create a token. It’s a full-fledged OS that can also support all kinds of smart-contracts and decentralized apps. This is the idea espoused by projects such as EOS, Tron, Cardano, and many others.
That’s why Tron’s foundation announcement is so important. Just today they finally released their development kit for the Tron platform. It’s comprised of TronBox, TronGrid, TronStudio, and TronWeb. This is a set of developing tools designed to allow programmers to create content, decentralized applications, smart contracts and all kinds of other cool things using Tron blockchain.
Is Tron focused just on cryptocurrency?
Remember something: there is a cryptocurrency associated with Tron (which is called Tronix or TRX) but the project’s aim is not to develop the coin alone. Tron’s purpose is to use blockchain technology to decentralize the web in such a way that content creators will not need central authorities or corporations anymore to monetize the fruits of their labor. That’s what Tron is about and that’s what the new developer’s kit is supposed to achieve.
Tron is barely a year old, but through a combination of great leadership, ambition, and state-of-the-art blockchain technology, it’s become one of the most relevant and interesting projects in the cryptosphere. In the last few months, Tron managed to leave the Ethereum network behind to create its own Main Net. It’s also released its native virtual machine and announced several strategic partnerships.
New developer suite available: TronBox, TronGrid, TronStudio & TronWeb. Developers are now fully equipped to build the best Dapps on #TRON! We are also excited to announce that we officially enter the Smart Contract Era following #TVM main net new version https://t.co/fJXdb35JTy
— TRON Foundation (@Tronfoundation) October 9, 2018
Today’s announcement is just another step in the right direction for Tron to deliver on its promises. This is great news for developers because Tron’s technology can be developed using Java, which is among the most popular programming languages among computer engineers, as opposed to some other languages that are native and proprietary in some other platforms.
It means that if you want to develop new apps in, say, Ethereum, you need to learn a new programming language that no university teaches (and that is also not very well documented in the technical literature). The preference for Java opens Tron’s doors to any competent computer programmer in the world.
The new developing kit is an all-in-one tool. It’s free, it’s open source. It marks the start of smart contracts that can run on Tron’s Main Net. They will be 200 times faster than Ethereum, a hundred time cheaper than EOS. It brings the best of all worlds together in a way that very few other blockchain projects can (or have even tried).
TronWeb, as the name suggests, aims to connect web developers to the Tron network and to trade in TRX and other tokens. TronBox is a framework to develop and deploy smart contracts. TronStudio is an IDE that takes full advantage of Tron’s Virtual Machine and brings together the best features in all the other of the kit’s apps. TronGrid is inspired by Ethereum’s Infura and it allows the development and release of decentralized apps and smart contracts.
The main thing to keep in mind about today’s news is that Tron keeps delivering on its promises, always on time, and always up to (and beyond) the expected specifications. Congratulations to Justin Sun, the Tron Foundation and the community.
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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 Nicman/Pixabay
Neteller to Launch a Crypto Exchange
The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?
Neteller and Cryptocurrency
Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…
MGO Will Likely Generate Substantial Gains During 2019
My new year’s resolution is to put the past year behind me and start fresh. This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible. When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition. Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets. MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.
MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months. While most altcoins were plunging by more than 90%, MGO is only down about 50%. And, since September, the MGO token has exploded by more than 200%. These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.
Xsolla is a global powerhouse within the gaming industry. It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention. Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types. The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…
BlockchainDefender Reports on a Lack of Trust in the Crypto Industry
The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.
BlockchainDefender recently released a report examining this lack of trust.
Questions Answered in the Report
Within the report, BlockchainDefender clearly outlines its goals. The first question to answer lines up with the title of the report and asks how market sentiment affects the market capitalisation of a cryptocurrency. The report also aims to determine which digital currencies have the best and worst online reputations, spot variations in digital currencies’ reputations by countries, and see where the online negativity most frequently gets published. The second section of the report compares the online reputation of traditional trading exchanges with crypto exchanges, and the final section explores the impact of a crisis on a cryptocurrency’s price.
Market Sentiment, Trends, and Capitalisation: Study One
The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.
To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…
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