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Tron (TRX) recent developments and events: Is Justin Sun too aggressive?

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In recent months, the twelfth most relevant virtual currency in the globe, Tron (TRX), with a market capitalization of about 2.2 billion US dollars has been taking center stage in the token-show frequently in recent weeks. Tron foundation, the much aspiring project aims to build a sturdy infrastructure for a true decentralized internet.

The coin of the hour, Tron (TRX) has been gaining a lot of backing because of their partnerships and proclamations after proclamations. Various exchanges have been showing Tron a lot of support in the recent past with the latest news creating a buzz in the crypto space is Tron’s collaboration with the adult site, Pornhub.

Tron (TRX) achievements so far

The highly anticipated launch of Tron’s new mainnet, Odyssey, was successfully done on 31st May this year without any glitches and hitches. In less than a year of existence, the Tron Foundation managed to grow its team to about 200 developers, release the roadmap to its “decentralized internet,” and amass more than 3 billion US dollars.

Currently, the Tron platform has 254 nodes in different locations in the world and boasts of having attributes like high-quality support, high availability that acts as the basis of all dApps on the platform, and its scalability.

One recent milestone that Tron (TRX) has achieved, and is worth noting is Binance’s completion of TRX Main Net swaps. Users can now make TRX deposits and withdrawal now.

Other significant Tron developments

The mainnet wallet, consensus protocol, and actual structure are the three pillars the Tron outfit is based on. Over the past few months, all three pillars have undergone tremendous modifications translating into additional value boost and efficiency to the digital coin’s worth.

Responses to bugs and cyber threats have witnessed outstanding and continuous assessments being done to make sure the platform is fool-proof of any bugs or potential cyber-attacks. Several problems were reported on the Tron RPC front, but the Tron development team has been able to iron out the problems without interfering with the network’s operations.

The consensus protocol has already gone through complete optimization with the swapping of the token taking place seamlessly during and after the launch of the MainNet.

The Super Representative Election

The community took to the polls on 25th June for the 27 Super Representatives that are meant to assist in the governance of the Tron platform. At the moment, 42 candidates are vying in the polls, but only 27 will make the cut to take the responsibility of a Super Representative. It is hard to tell as of now when the Tron elections will end, though.

Tron’s Secret Project

All lot of chatter has been going around concerning Tron’s secret project that was announced recently by CEO Justin Sun. At the moment, details concerning the project are still on lockdown with no hints on what the project is, what look it takes, or what the project might do. All we know about this secret project of Tron is the launch date; it’s going to be launched by the end of this month.

With so many things going on for Tron (TRX) simultaneously, one would think Justin Sun and Tron Foundation are hitting the deck too hard. The questions like, are the Tron foundation projects more than they can handle in recent times? Will the developments impact its future?

Well, the answer to all such concerns is, to me, Justin Sun is doing all he possibly can to make sure that his virtual currency succeeds. He is making use of his time, energy and resources at full, in the best way he can, which is a thing to praise if you’re an investor and not to point out. If Sun and Tron foundation keeps going like they have been lately, it certainly will help Tron (TRX) touch the skies sooner than many might be predicting.

At the time of writing, Tron (TRX) is valued at $0.03326 per coin which is still on the lower side of what the crypto community had expected, but a price surge is expected shortly.

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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

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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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…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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