Tron will leave Ethereum’s blockchain technology (ERC20) behind as this month ends and will become entirely independent. Then their tokens will also migrate on June 25th once Tron’s Main Net is thoroughly tested. At that point, Tron’s TRX won’t rely on ERC-20 at all.
Tron’s CEO and founder, Mr. Justin Sun, started a countdown regarding the event. It’s been embraced by the crypto community and has brought Tron new attention, partners and listings the world over. So far, more than ten global exchanges have declared to support Tron’s migration (Binance included).
Tron’s team has made a point of keeping their community updated by creating a newsletter that they published recently, and no one else but Justin Sun himself authorized that.
The letter detailed all about the new upgrade process and the launch’s schedule. It even included previously unavailable information about a virtual machine that will come online six days before the net release.
Mr. Sun announced that TronVM v.0.1 is going to be released on May 25th, and he stated how excited he and the whole team are about this (they are not alone, the entire crypto-world is excited!). The new virtual machine will allow the old Tron dapps built for Ethereum initially, to work on the new Main Net without problems.
There are adapters that developers can make use of to migrate their apps smoothly from Ethereum to Tron. The VM is a run-time environment capable of creating smart contracts and carrying out transactions using Tron’s new blockchain. A reward program was also announced for developers who move from Ethereum network to Tron.
On the last weekend, May 12th, Tron tweeted regarding the update by posting:
TronVM v.0.1 will be launched on May 25. This version will be fully compatible with the Ethereum VM. All Ethereum developers will be able to use an adapter to migrate seamlessly from Ethereum dApp projects to #TRON . We will offer a reward program, stay tuned!
— TRON Foundation (@Tronfoundation) May 12, 2018
The whole Tron team is hoping for a seamless, hassle-free adaptation period in which tokenization will get unrestricted support from everybody. The exchanges that carry Tron have been very clear that users will face no inconvenience at all during the migration. Every transaction will be automatic, done by the exchanges and the Tron team, so there is just no looking back at this point.
A Tron fan, MichaelM, wrote:
This is a reward for TRON holders. Don't you get It? It will help significantly with the price.
— MichaelM (@NEJOBS_UK) May 12, 2018
Twitterati Suman Saha added:
Excellent! Go ahead for the bright future of #TRX
— Suman Saha (@suman_saha06) May 12, 2018
Another Twitter user who goes by the name Cryptoape, tweeted:
When we have huge amount of dApps we burn alot of coins 👌
— Cryptoape (@AndreasYoshim) May 12, 2018
Speculator Ady tweeted:
Tron your moving the world in to a new direction
— ady (@adyy456) May 12, 2018
Another crypto enthusiast Trader Afrique said:
— Trader Afrique (@Trader_Afrique) May 12, 2018
These developments have helped Tron and its market performance for sure. It’s just been going through the roof. The number of Tron’s TRX holders went above a million which is nothing to laugh at.
The market hasn’t been so optimistic as it’s given TRX a $0.073 value after their highest $0.08. Tron’s has lost 10.4% over the last seven days, but Tron remains the tenth best coin and chances are it will go up again. Consequently, I must say that Tron more likely will throw more surprises on our way even before its Mainnet launch – as this crypto apparently loves surprises.
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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.
Chart courtesy of Tobias Limpert via Flickr
Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
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