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Here is how Tron (TRX) POS to DOS switch will affect the cryptocurrency

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Tron TRX
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As the 11th largest cryptocurrency in the world, Tron (TRX) has been making headways and headlines in the cryptocurrency sphere for some time now. Tron (TRX) recently launched its new Mainnet platform assisting the blockchain technology company get significant media attention and market penetration after the launch.

After launching it mainnet project, Tron (TRX) also launched its Virtual Machine project with some other ongoing projects in the pipeline, that is to include Tron’s Super Representative election.

Over the past few months, Tron (TRX) has managed to secure a lot of significant listings and partnerships, launching its official TronWallet recently for its Android users. Information from Tron (TRX) tells us that a similar mobile wallet will soon be available to iOS users.

Proof-of-Stake (POS) Vs. Proof-of-Work

One of the areas this article will try and shed more light on is the highly contentious consensus validation methods within the virtual currency ecosystem. For the longest period, there was a simple contradiction between Proof-of-Work and Proof-of-Stake better known as POS.

While the later is known for being more flexible and scalable, the former is said to be more expensive and difficult to execute. But as PoS technology continues to grow and evolve becoming more and more enhanced, the virtual currency community began to request that PoS upgrades its systems to a more secure platform to become the preferred automatic transaction authentication blockchain method.

Conceding from the community’s pressure, PoS upgraded their systems to a more secure level ensuring they were safe from simple attacks and vulnerability on their platform.

And just like the requirement that was given by the crypto community, PoS started converting many institutions and companies to their Proof-of-Stake platform to grow and emerge as the most operational validation network available on the blockchain environment.

But as time goes by, the competitive landscape is changing as well. It is no longer a battle between PoS and PoW, rather a new crop of verification networks is emerging to give institutions newer avenues and platforms to validate transactions and settlements on the blockchain.

More specifically, the emergence of Delegated Proof of Stake (DPoS) into the validation method space has not only changed the playing field but has added introduced democracy as a new factor into the equation.

Recently, Tron Foundation came clear of their intentions to dump PoS for DPoS. PoS has been the prior default validation method used by the Tron blockchain.

The decision to shift to DPoS has caught many by surprise in the cryptocurrency world with reports telling us that the decision to undertake this iconic move was influenced by the in-depth study of the advantages and differences between the two validation methods.

It was on the weekend that Tron foundation disclosed to the world through their Twitter page that the DPoS network would be good for them as it would allow Tron community members to cast their vote in the incoming SR elections.

PoS, like Tron’s (TRX) previous default protocol, miners used to use their own tokens on a block if they wanted to verify the settlements associated with the block. Depending on the length of the transaction and the amount involved, they would then choose one miner to verify the transaction using sophisticated methods to come to that conclusion.

The decision by Tron (TRX) to adopt DPoS is expected to have a weighty and positive effect on the blockchain technology and the public’s perception of the entire consensus validation procedure.

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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 Pixabay.com

Altcoins

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

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Aluna.Social
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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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collateralized debt position
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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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