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Tron (TRX) Seedit connection and how it aims to revolutionize payments

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In a recent tweet dated 9th August, Justin Sun, the founder, and CEO of Tron, announced to the world that Tron Foundation was looking into ways to utilize Seedit in furthering their ongoing advancements in becoming the new mainstream virtual currency and blockchain technology.

Seedit is an exceptional platform that is designed to give individuals as well as entities the ability to send Tron (TRX) tokens around the world in near instant speeds using various social media platforms. In other words, Seedit is a virtual currency payment system that is based on the Tron platform.

According to CEO Justin Sun, the addition of Seedit to the Tron family will give the blockchain technology and digital currency the much-required push for the development of the company’s agenda.

Seedit confirmed the news by stating that they were committed to providing an easy to use and efficient payment platform that was going to make use of the application programming interfaces and functionalities of Tron (TRX).

According to a news release from Seedit, the main reason why the upcoming payment network runs on Tron (TRX) is that of the virtual currency’s ultralight blockchain technology.

Seedit is efficient, polished, and will soon be fully integrated on multiple platforms. At the time of writing, Seedit presence is being felt on Telegram as it was released on the social media platform recently, but the p2p payment and reward platform is keen to expand to other territories with its sights already on Twitter.

It is believed that after the integration with Twitter, Seedit will continue with their expansion program to other social media platforms like Kakao and Reddit.

And going by their outlined plan of social media presence, Seedit has maintained the importance of sustaining a user-friendly platform. Using multiple implementations, Seedit has managed to accomplish their mission of simplicity by including familiar and easy to navigate user interface and by automatically creating a wallet address for any individual either sending or receiving Tron (TRX).

It is expected that this union of a user-friendly interface and the relationship with mainstream social media companies will help Seedit profit and in turn propel Tron (TRX) to become the most popular virtual currency in the market.

On the other side, the Tron (TRX) platform utilizes existing libraries with the advantage of being less heavy than other blockchain technologies as it has been tested and proven to be fit multiple times.

Tron’s (TRX) Evolution

The first chapter of Tron’s (TRX) development phase was known as Exodus, and it entailed the summarization of all the recognized projects and designs.

Secondly, the Odyssey phase came alone as the second phase of Tron’s roadmap, under which Tron (TRX) as a company upgraded all their systems and their blockchain technology to adapt and allow firms like Seedit to function well on its upgraded network.

According to Tron, the third phase of development will be known as ‘The Great Voyage’ as it will be a grand scale project that will give back to individual content creators and developers the real power.

The Emergence of Seedit

The peer-to-peer payment and reward platform was created and developed by Tron’s Super Representative, Sesameseed. A company founded and based in Los Angeles. Sesameseed is warming up to an expansion effort after its successful primary launch on Telegram.

The vision of Seedit and Sesameseed is to give and facilitate Tron holders a convenient way to transfer TRX coins to their favorite content developers, authors, creators, bloggers, family, and friends.

From inferences made after testing, Seedit has been announced fit and ready for launching on the Twitter platform. The new partnership will allow individuals to send Tron (TRX) digital coins to Twitter users at near-instant speeds.

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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.

Image courtesy of Clément M. on Unsplash

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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