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

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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.

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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 Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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