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Tron (TRX) recent developments and events: Is Justin Sun too aggressive? - Global Coin Report
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Tron (TRX) recent developments and events: Is Justin Sun too aggressive?

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Tron TRX
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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.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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