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Tron (TRX) issues new development kit as it enters smart contracts era - Global Coin Report
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Tron (TRX) issues new development kit as it enters smart contracts era

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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.

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

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Is it legal to gamble in Bitcoin casino?

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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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How to Reach 100% Security of Online Transactions?

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security of online transactions
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The use of the global network for e-commerce operations requires ensuring an adequate level of security for all financial transactions carried out online. Each payment system uses the most convenient methods based on its capabilities and technical specifications. However, this doesn’t mean that you should only trust the system without adhering to general safety rules. For example, using ExpressVPN vs NordVPN or performing e-commerce operations or online trading in private networks will be a very good idea.

Online Security as It Is

The concept of information security means its resistance to accidental or deliberate impacts, the inadmissibility of destruction, distortion or disclosure to third parties, which can lead to material damage to the information owner. Here are some of the basic requirements that are to be adhered to:

  • Confidentiality – protection of information from unauthorized access is often provided by data encryption – conversion of text data into digital form, which can not be read without a special algorithm and a key;
  • Authentication – unique identification of the user. This often uses a login (domain name) and password, as well as additional confirmation, including one-time passwords or secret codes that are printed in a single copy for a given user password;
  • EDS – for the best data protection, electronic digital signatures (EDS) are used, which unambiguously determine that this information was received from a particular person who…
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Is Unification (UND) XRP 2.0? IEO April 10th at UTC+8 on Bitforex!

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Unification
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Unification is a Hybrid blockchain solution for Enterprise. Above is my interview with CEO Neyma Jahan I explore what is Unification, how does a WRKchain actually work and why is this something people will quickly adopt. What is a really telling story here is that this is one of the few ICO/IEO/ITO etc… that actually is revenue positive which I honestly could not think of many others that were?

Neyma and team come from a background in real business, and they are focused on bringing blockchain adoption to the next level. They decided to go with the WRKchain or better known by some as a permissioned sidechain so that nodes can work together even if they do not like each other.

An example:

In education, we have tons of issues with plagiarism in universities and several, miss this and people write half copied thesis papers and get away with it. Imagine now for papers across Ivy league to Community colleges a system where professors come to a consensus about papers. Now also think of it this way those professors reading this paper all must read it, evaluate it, and come to a consensus. This will take out the professor knowing that student and give an honest overall evaluation. So each professor is basically a node. Then for each paper, there would be…

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