Tron (TRX) reaches the third part of Ethereum’s transactions - Global Coin Report
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Tron (TRX) reaches the third part of Ethereum’s transactions

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Tron’s main net continues to harvest success with the results of the blockchain platform. In fact, it was recently known that the platform is now having a third part of the transactions that get deployed on Ethereum’s network every day, the blockchain behind the second largest cryptocurrency of the market.

In terms of a greater adoption, such growth represents a huge opportunity for the current 13th best crypto of the market, a fact that as it seems, just doesn’t mean the same for the proponents of the Ethereum “World Supercomputer”, who now are starting to hesitate regarding the strength of the Ethereum platform.

It has been a roller coaster for Tron to get to this point, but slowly the platform has managed to obtain some of the most remarkable results in the industry. In fact, it opened the second month of operation with 30,000 transactions, and the same way, it has closed with a daily average of 206,000 transactions deployed on a daily basis, which means that TRON’s platform has an incredible growth rate.

The numbers came in a calculation made by Tron Colony, a TRX bull dedicated community to share information related to the coin. The message was publicized on Twitter by both TRON Colony and the CEO of the TRON, Justin Sun. The message read:

“$TRX started Aug. with only 30,100 transactions a day. By the end of the month the avg. # of daily transactions was NEARLY 1/3 that of $ETH. #TRON is the fastest growing coin, this rocket ain’t stopping for anyone 🚀”

With relation to the growth, despite the beliefs of many, this is actually not a random fact considering that just a couple of days ago, on September 1st, TRON managed to have 440,135 operations, which represent a 67 percent of what Ethereum does… so we can all be sure that the crypto is going for blood.

Ethereum or TRON?

This disjunction has existed ever since TRON was created (perhaps because of the hype that Tron founder Justin SUN created from the beginning). In fact, the essence of the coin is to be the exterminator of Ethereum, but still, there’s a lot of work to do in order to make this happen.

For his part Justin Sun, who has characterized for being a close figure to his community, has taken charge of publicizing each and every one of the new developments that TRON does, a fact that in most of the time causes a generalized tension between TRON’s community and those who defend Ethereum tooth and nails.

It results undeniable that TRON has a long way to go through in order to catch the 42 million accounts that Ethereum has, and if we compare that to the current 294,900 accounts that TRON has accomplished to have, it just looks like a small number. However, one of the things that have characterized the brain behind TRON is the confidence regarding its blockchain capabilities.

In relation to this, TRON CEO recently published a message on his Twitter that read:

“#TRON [#TRX] network better than #Bitcoin [#BTC] and #Ethereum [#ETH] in terms of decentralization”.

But he didn’t actually stop there as he later made an even more forceful declaration when he stated that because of the recent acquisition of BitTorrent, TRON was simply the best peer-to-peer asset of the industry… He said:

“TRON is 80 times faster than Ethereum. With 14 years of experience, @BitTorrent is providing a world-class service to 100 million users in 138 countries. Add the two together and you get the largest and most advanced peer-to-peer network in the world! #TRONBT $TRX”

Conclusion

Although it’s more than clear that TRON still has a lot of work to do in order to accomplish its mission. There’s not a doubt that the crypto is getting closer every day, and this definitely represents a huge opportunity for the crypto to climb higher in the charts and reclaim its spot in the top 10 of the market one more time.

Justin Sun may not be wrong after all, he may appear as a greedy leader, but we can all agree that is precisely because of these thought patterns that TRON has been able to grow in such magnificent measure. So the way to go TRON, we all wait for you to get to the moon.

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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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Anton Chernyavskiy on Unsplash

Bitcoin

The Crucial Role of Cryptocurrencies & Blockchain in Modernising The Telco Industry

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Blockchain has caused quite a stir in recent years. In fact, there’s a school of thought that firmly believes the digital ledger technology will prove to be the 21st Century’s biggest innovation

There are a great many industries braced for the disruptive force of blockchain, and the sweeping benefits it can bring to telecommunications can’t be underestimated. 

A blockchain is a decentralised, distributed, public digital ledger that’s fundamentally used to record transactions online. Every transaction that takes place is recorded across an extensive array of computers in a way that ensures that any individual record within the chain can’t be tampered with or retroactively modified. 

Because of the virtually impregnable security associated with blockchain and the efficiency that comes with a fully decentralised ledger, there’s plenty of potential for the technology within the telco industry in particular – especially given the financial flexibility that comes with cryptocurrency transactions beyond borders. 

Let’s take a deeper look at the important role that both blockchain and its associated cryptocurrencies can play in modernising and securing the telco industry:

Unprecedented security

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Altcoins

Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Bitcoin

Why Blockchain Projects Keep Failing

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If you’ve been keeping up with news coming out of the blockchain community over the past year, you’ve probably heard countless projects hyped as the next best thing—only for them to fall off completely off the map a few months later. While some of these projects offered no practical solutions and seemed destined to fail, others creatively used blockchain technology to enhance the way we perform day-to-day tasks.

So, What’s the Problem?

For starters, many of these founders have no real experience running a business or managing finances. Instead, teams are usually comprised of programmers and tech geeks with the ability to develop blockchain-driven apps, but have no clue about project management, allocating resources, effective team building or marketing.

What’s more, when you look at the average blockchain start-up’s website, you’ll probably find a list of team members with accolades a mile long. And many of these “achievements” are in similar blockchain projects that have yet to take off. This makes it hard to distinguish between what is hype and what is credible information, which scares off all but the high-risk investor.

Project Success Starts at the Team Level

The sudden interest in cryptocurrency and blockchain technology can be compared to the California Gold Rush. Everyone wants to get in on the ground floor so that they can make as much money as possible.

Unfortunately, this mentality isn’t just…

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