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TRON (TRX) Officially Released its TronWallet App

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TRON (TRX) continues on its way to conquering the crypto world by announcing its newest product – TronWallet App for Android devices.

TRON’s new wallet available for download

The TRON Foundation has just announced the release of TronWallet App via Twitter today, August 1, 2018. According to the announcement, the app is already available on Google Play. Soon enough, however, the app will also be available for iOS devices as well.

The app already offers numerous features, including the completely decentralized P2P wallet that requires no signup or login. Additionally, it uses local secret encryption and is protected by a PIN. It supports all of the operations available via the TRON network, except for the ‘create token’ feature. As soon as the transactions get processed, the user will get notified of the action immediately, as part of the wallet’s security features. Finally, it is open source but offers a private key that will only be known to the wallet’s user.

The app was created by Getty/IO Inc, which is a front-end development company. The firm specializes in AWS, Javascript, as well as blockchain technology. They originally started the creation of the app around four months prior to its release, and the development was part of the programming contest that TRON itself hosted.

Additionally, this project is backed by an accelerator program, also offered by TRON, and the program provided the firm with $200,000. The money came in form of seed money and was given to the firm specifically for the purpose of developing the new wallet app.

It can be Hot and Cold

With the wallet, TRON users will be capable of managing all of their TRX finances via this one app. In addition to Android and soon iOS, the wallet will also be launched on Windows, Mac, Linux, and even the Chrome Store. According to everything that is to be known right now, the wallet is fast, secure, and very reliable. It can also be used as Hot Storage, as well as Cold Storage, with the Hot Wallet being capable of receiving or sending TRX tokens immediately. As for the Cold Wallet, it will allow signing transactions offline.

The company has also encouraged all of the wallet’s users to test it in any way they see fit. However, they also reminded everyone that it is still in very much active development and that there is still a potential for the unexpected to happen. Because of this, handling any transactions, for the time being, is advised to be done with extreme caution.

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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.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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…

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