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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

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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