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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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