Connect with us

Blogs

Tron (TRX) on its way up to potentially rank among top 7 cryptos in the market

Published

on

Tron TRX
READ LATER - DOWNLOAD THIS POST AS PDF

In a recent tweet, Tron (TRX) founder and CEO, Justin Sun disclosed that his creation, the Tron blockchain is much better than the second most relevant blockchain technologies in the global market capitalization, Ethereum (ETH).

Talking about the roots, Tron as a blockchain technology seeks to decentralize the internet. Since the beginning of the digital coin until recently when the mainnet was launched, Tron’s token, also known as Tronix or TRX were ERC20 smart contracts hosted by the Ethereum platform.

In the tweet, CEO Justin declares that Tron (TRX) is efficient than Ethereum with its speeds clocking speeds of up to 80 times faster than Ethereum’s. A decisive benefit, especially regarding long-term scalability in the medium. In today’s world, transaction speed is a crucial factor that is widely taken into consideration when evaluating the potential and the convenience of mass adoption of a certain blockchain.

The recent purchase of BitTorrent by Tron is a matter of strategic importance for the crypto company. According to the visionary leader, Justin Sun, the merger of BitTorrent’s infrastructure with Tron’s can aid in the creation of a more advanced peer-to-peer platform in the world.

Tron Set Launches its Secret Project: Virtual Machine

The Tron Foundation has revealed its virtual machine project in its testnet mode today, implementation of another step towards making its platform better and competitive than other competitors in the crypto market and beyond.

The event, planned and publicized for weeks, has managed to boost trading volumes and propel Tronix as high as $0.03586 per coin or roughly about 475 Satoshi, as of the press time (even though the price is still in red today, the TRX token was $0.04 yesterday).

Going by Tron’s marketing strategy, Tron Foundation has been announcing roughly one event every month, leading to a boost in prices. However, the recent virtual machine launch announcement and the secret project declaration do not seem to create much of a buzz in the crypto market.

With the implementation of the Virtual Machine project, Tron (TRX) will start to resembling Ethereum’s distributed operating system making it a key element in creating scalable decentralized applications. Unlike Ethereum’s virtual machine, Tron’s virtual machine will not involve the payment of fees. It is yet to be known the type of resources the TVM would require.

DApps and Smart contracts can be initiated and implemented on the virtual machine testnet and arrayed to the Tron Virtual Machine on Super Representative’s nodes.

Tron Vs. Facebook as a Decentralized Blockchain

Tron as a digital currency is generally exchanged via the internet, but unlike other virtual currencies such as Bitcoin or Ripple’s XRP, Tron finds its best niche in the area of entertainment and showbiz with the goal to scrap off usability costs for individuals who want to access entertainment content such as movies and films.

As a decentralized blockchain technology, Tron aims to create a free content entertainment system globally where every user can freely publish, create, store, and archive data while content providers, on the other hand, will be restrained from paying high commissions to centralized networks such as Apple App Store and Google Play. Users will be in control of their information and data unlike in the Facebook situation where user data are leaked to advertising firms.

All in all, things are looking pretty good for the so-called hyped-crypto, Tron (TRX), as the project seems to be a real deal and not just the hot air. With BitTorrent’s 100 million users joining the Tron party, its Virtual Machine launch and robust mission, Tron (TRX) seems to be on its way to at least join top 7 cryptocurrencies list (if not top 5) soon.

For the latest cryptocurrency news, join our Telegram!

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 Maxpixel.net

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite