Connect with us

Featured news

TRON (TRX) gets ahead of EOS in registered accounts race

Published

on

Tron EOS
READ LATER - DOWNLOAD THIS POST AS PDF

Ever since TRON launched its main net, all we always heard was that the platform would be a Concerning success in the coming days, and this is, for a fact, a thing we are experiencing right now.

As for September 4th, the crypto verse woke up to the hottest news finding out TRON (TRX) surpassed EOS platform in the number of accounts created in the system with 301,765 accounts on TRON’s platform versus the 299,820 accounts that EOS have to the moment. Let’s find out all of the details behind the positive move for TRON.

1,945 regarding ahead

TRON has managed to surpass the EOS platform by 1,945 accounts in a notably short period of time. In fact, the to net has been live only for 71 days today, so we can all agree that this is a great success for the company founded and directed by Justin Sun, one of the brightest minds in China and the whole world.

Sun has characterized for being nothing but a very optimistic person, even being labeled as delusional in some occasions because of his forecasts regarding TRON (TRX) and the heights that the cryptocurrency will reach as per him.

However, letting the facts be facts, TRON has actually accomplished some of the most remarkable performances in the industry, and this has been made with the effort of Sun and his team. Not so long ago, Sun forecasted that TRON would surpass EOS in account numbers by the end of the third quarter, and to say the least, this has actually happened before that.

The CEO published a message on his Twitter account referring to this matter as he said:

So now that this milestone has been double checked, Sun has his vision on overthrowing Ethereum with its Virtual Machine, a fact that is not surprising considering that TRON was conceived as an ‘Ethereum killer’ in a manner of speaking.

In this sense, the TRON VM (Virtual Machine) is one of the most ambitious projects of the current 13th largest cryptocurrency; it is actually compatible with the Ethereum Virtual Machine but with all the necessary updates as to offer a better solution.

In the last days Sun has been sharing updates on his Twitter account expressing the most prominent differences that TRON has over Ethereum’s Virtual Machine and Network, and of course, he has assured to mention the latest card under the sleeve that TRON is preparing, which includes a project with BitTorrent, the biggest Torrent platform in the world.

Let’s recall that recently Sun acquired BitTorrent as a new move to accomplish his goal of ‘decentralizing the internet’. Like this, both the TRON Virtual Machine and the Atlas project will merge to defeat Ethereum and gain more recognition across the cryptosphere.

With respect to the Atlas Project, both TRON and BitTorrent will connect their platforms by using BitTorrent protocols. This way, the platforms will collaborate to increase the lifespan of Torrent swarms with the intention of improving the speed. Further, they will use custom and inclined tokens to resolve any limitations that the platform may have.

Conclusion

Without any doubt, TRON (TRX) has been garnering the best strategies to continue its growth and climb to the top. However, even though the latest results have been impressive in terms of development and solutions offered to the market when it comes to the performance of the price of the token, TRON has actually not received the best feedback.

At the moment of writing the TRX price is $0.0257 according to Coinmarketcap, and despite having an increase of 2.24 percent in the last 24 hours, the crypto places at the 13th position of the market. This has been particularly disappointing for many in the TRX community, as everyone has been actually been waiting for the price to increase, and instead of that, the token has continued its way beneath the top ten.

In lights of this, many consider that before working on quantity TRON should work on quality, and that’s precisely what the company has been doing, but on the other hand, there are those who believe these great results should be transferred as well to the price. So what do you think? Is TRON (TRX) doing a good job or should we center more in price?

For the latest cryptocurrency news, join our Telegram!

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 Pxhere.com

Featured news

Can Sharding Fix the Limitations of Blockchain or is the Network Doomed?

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Performance and scalability issues have bottlenecked the future development and real-life application of popular mainchains, such as Bitcoin and Ethereum. Many methods have been employed to solve this problem, but all of them have their own pros and cons.

The Impossible Trinity – safety, decentralization and scalability, coined by the blockchain world, bars the way to the future and the industry has fought hard to figure out an optimized solution. Sharding, proposed by Ethereum, has been viewed as one such candidate.

What is sharding?

Sharding technology splits a network into smaller partitions called shards, which contain an independent state and transaction history. The idea behind this is to divide a huge amount of workload into smaller pieces to make life easier for every participating node.

If sharding were to be adopted, each node will only need to keep a part of the network’s information, instead of downloading the whole ledger, which can lead to a large data file. Subsets of nodes grouped into one shard will only process transactions specific to that shard. By doing this, the network will be able to process many transactions in parallel, and the performance will continue to increase with more nodes joining in, thus making the network highly scalable.

Continue Reading

Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

Published

on

Encrypgen
READ LATER - DOWNLOAD THIS POST AS PDF

Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

Continue Reading

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

Published

on

Bitcoin crash
READ LATER - DOWNLOAD THIS POST AS PDF

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…

Continue Reading

Elite