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Tron (TRX) – It's Time to Buy the Dip - Global Coin Report
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Tron (TRX) – It’s Time to Buy the Dip

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Tron
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Having secured its place back in the top ten cryptocurrencies by market cap, Tron (TRX) has doubled in value recently, giving the hodlers of this rising crypto-star a welcome boost to their portfolios. Awaiting the release of the TRX main net and subsequent migration of the ERC 20 token from various exchanges, the multitudes of investors cheering the recent price increase are now awaiting the date that this exciting news becomes fully realized.

And while they wait, hodlers must also endure the slight fall-back in value all coins experience after the hype surrounding their favorite altcoin fades. With an insatiable need for instant gratification, a number of weak-hands who rode the currency’s recent wave have abandoned ship before it sets sail. And while this laughable setback may seem disheartening to recent buyers, keen investors regard the current drop in value as a welcome opportunity to add to their stacks in anticipation of the inevitable moonshot.

For many, May 31st, the date set for the main net release may still seem an eternity away. But the countdown has started and before we know it, the 10,000 transactions per second (or more) promised by this exploding entertainment platform will turn the entire crypto-industry on its head, upending the likes of Ethereum (ETH) and supercharging the wallets of believers around the world once again.

Until then, however, we must search untiringly for news-worthy tidbits to keep us entertained.

A recent airdrop to the Ethereum (ETH) community stole the crypto-community’s attention for a short while. The large number of transactions (releasing 30 Million TRX to Ethereum (ETH) investors) was seen as a thoughtful nod to the original smart-contract blockchain platform, without which the TRX dream could not be fulfilled. However, in a twist not foreseen by Vitalik Buterin and his ‘sharding’ followers, delays reported by consumers waiting to receive their tokens only served to highlight the need for a newer, more robust blockchain.

Tron (TRX) will be happy to fulfill that need soon.

Among the reasons to remain excited is the foundation’s commitment to decentralization. Keeping the Tron (TRX) platform decentralized has always been the goal of the founder, Justin Sun. Having released his graduate thesis on decentralization, we can now see that the Tron (TRX) main net is but a step in the direction of decentralizing not just the currency, but the internet as a whole. Having graduated from Hupan University (the prestigious university founded by Jack Ma) Justin Sun will now focus his attention solely on this dream.

Accordingly, exchanges trading the ERC 20 token are showing their support for the coming migration, assuring the market that their coins will be transferred to the main net without the need for consumers to act. Gate.io, among the world’s leading exchange platforms, is showing their support. Binance and Bitfinex are in as well. And as the exchanges of the crypto-universe continue showering support on this blockchain concept, consumers are beginning to feel much more relaxed about leaving their TRX on their favorite exchange, to be transferred automatically in the coming weeks.

The day nears when the world’s TRX is no longer confined to the Ethereum blockchain. And starting on that day, the real value of this incredible crypto-product will begin to be truly realized. By user base alone, Tron’s main net will prove the largest blockchain currency available. By transaction speed, it will prove the fastest. And with the hardest working founder announcing the platform’s accomplishments from the top of his lungs (thanks Twitter), the world will soon be forced to reckon with a brand new blockchain.

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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.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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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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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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