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

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

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite