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Just In: Tron (TRX) to upgrade its Mainnet Odyssey to version 3.2 next month

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Tron
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Tron (TRX) is undoubtedly an ambitious project in the crypto community, and it aims to own the bragging rights of the entertainment industry. However, they are aware to achieve that milestone, they have to do more (and better) than their competitors. That being said, Tron is making incredible progress day after day that hints like sooner or later the bragging rights will be theirs to keep.

Several Tron Announcements Flowing in

If you’re on this page, it only means you take a close look at the crypto community and perhaps you must be aware of all the market conditions. As like in any industry, here too, any crypto coin doesn’t want to be left behind, and each is doing all it takes to push up the ranks. One of them is Tron (TRX), which has been on a constant release of announcements targetted for the better of the cryptocurrency.

The latest being the release of the Odyssey 3.2 version on their MainNet. According to Tech Director at Tron Foundation, Marcus Zhao, the newest version will be released by the end of next month, November. This news has come just a few weeks later when it was noted that version 3.1 of the Tron network had been updated up to 90% of the nodes that included super representatives as well as exchanges.

By then only one out of 27 super representatives was left before a final review for the upgrade, and now that we know the end of November will release the new version, it only means we’re already in Q4 and the blockchain project is continuing working hard to climb high.

What Are The Expectations?

Many in the Tron community have to be excited about the upgrades they expect with the 3.2 version. As per the details we’ve till now, according to Tron foundation blog, version 3.2 will make solidity nodes performances better and use the memory database as its default database. Therefore, it will improve performance ability as well as help with conditions such as an outage and reboot among other exceptions.

The network will create auto backups of the database for the nodes not to resynchronize data. A fast sync function will also be included for the complex contracts, multi-signature function, and the anonymous transaction function.

Nonetheless, TRX has suffered throughout 2018 cryptocurrency bear market with currently trading at $0.0233 after going down by 2.85% in the last 24 hours. One thing is for sure, Tron is making significant strides to step up competition with the likes of EOS and Ethereum, and it’s not slacking (not at all) in developments to deliver on its vision.

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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 Geralt/Pixabay

Altcoins

AZ FundChain Offers a Compelling Alternative to Traditional Crowdfunding

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AZ FundChain
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Although many tokens have collapsed during the ongoing altcoin apocalypse, the future remains bright for applications with real world usage.  Because of the ongoing bear market and limited trading opportunities, analyzing businesses with the potential to experience real world adoption should be the priority.  Part of that analysis should include looking at industries that need improvement.  During my analysis, one area that quickly popped up is the field of traditional crowdfunding and money circles.  And, as it turns out, AZ FundChain application offers a compelling alternative.

Problems with Traditional Crowdfunding

President Obama’s JOBS Act essentially laid the ground work for crowdfunding.  This legislation was passed in 2012 and included a provision for large groups of anonymous investors to fund startups.  It essentially gets around the dreaded “qualified investor” requirement that created a barrier for so many potential participants.  Crowdfunding is a great way for non-traditional businesses to raise funds for operating capital.  It certainly beats having to beg a bank for a loan, or, even worse, a loan shark.

But, as the common cliché goes, no good deed goes unpunished.  Traditional crowdfunding and money circles certainly have their fair share of problems.  The biggest problem is trust.  There are essentially very little checks and balances when it comes to how these companies will use the money that is raised.  Companies can promise the world but may not deliver…

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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