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Tron (TRX) throws in a new surprise prior to its Main Net launch - Global Coin Report
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Tron (TRX) throws in a new surprise prior to its Main Net launch

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Tron TRX
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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.

TRX Justin Sun letter

The letter authorized by Mr. Sun!

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:

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: 

Twitterati Suman Saha added: 

Another Twitter user who goes by the name Cryptoape, tweeted:

Speculator Ady tweeted:

Another crypto enthusiast Trader Afrique said:

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

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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