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Tron (TRX) to sponsor Hackathons in quest to prove Odyssey’s security

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After months of testing and waiting, Tron successfully launched its Main Net, Odyssey 2.0, on 31st May, kickstarting the process of switching from being an Ethereum token to its own Main Net. A big step for Tron, Odyssey 2.0 has already accumulated over 2,000 revisions, released 15 software iterations, merged over 500 forks, and added more than 100 new features. Users can download Odyssey 2.0 from Tron Github page.

25th June also referred to as “Independence Day” has been scheduled to be the date where the network is going to migrate from Ethereum’s platform fully. Regarding logical challenges, the shift from Ethereum’s ERC-20 to Tron’s native new token will require holders to convert their existing TRX altcoins into the new form and ensure their tokens is in a supported wallet and exchange. Holders will also have to make sure the third party can handle the transition.

Some wallets and exchanges are in support of the Main Net shift. All ERC-20 altcoins should be in any of these platforms before the 25 of this month: Huboi Pro, UpBit, ZebPay, Bibox, RightBTC, Binance, Gate.io, BITKOP, Okex, Bittrex, Coinnest, DragonEx, Bit-Z, Bitfinex, Bithumb, Liqui, and Coinrail.

If any holder misses the final migration day, they will have to wait for another Main Net switch date that will be announced at a later date to switch to the new form of TRX manually.

Tron’s Independence Day will also be the day the election results for Tron’s Super Representatives are communicated. The 25 individuals, Super Representatives, will be the general overseers of the network acting as primary nodes of the platform. The election is an open community vote and is currently ongoing.

What Does Tron’s Odyssey 2.0 Provide?

  • A friendlier environment for developers
  • Improved general stability
  • Instant, asynchronous, and responsive functions
  • Enhancement of dozens of central parameters with BEB, binary regression algorithm
  • Improved scalability and network performance with hundreds of times faster Transactions per Second than Ethereum’s

Tron’s new platform has gone through meticulous testing, and CEO Justin Sun assures his holders that the upgrade is secure and reliable to meet their everyday demands. Posting on his Twitter page, Sun disclosed a huge bounty reward for anyone in the developer’s community or the general public who will find any bugs or erroneous lines in the new Main Net.

With the final migration set to take place on 25th this month, Tron is not leaving anything to chance and is investing large sums of money in ensuring Odyssey 2.0 is safe and secure. EOS offered a bug bounty of $10,000 while Tron is investing $100,000 for any critical bug that can jeopardize the migration.

Tron Hackathon

So, this September has been selected to host Tron’s hackathon, that might prove significant in unmasking Tron’s hidden prospects that people usually overlook or undermine. And with Tron’s strong marketing abilities in creating disturbance in the cryptocurrency news headlines, various esteemed businesses, market experts, analysts, investors, and exchanges are keen to attend the hackathon.

Undoubtedly, this event has the potential to change Tron’s fortune for positive ones.

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 own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

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Is Tether (USDT) really a stable coin?

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Tether is one of the top digital assets in the crypto-sphere. The coin was launched in November 2014 after it changed its name from Realcoin so that the crypto community doesn’t associate it to the altcoins. It is important to know that Tether is a currency that helps to convert fiat currencies into digital currencies.

Moving forward, there have been lots of FUDs around Tether these days as regards to whether it is going to be a truly stable coin as the market has seen dips lately. Also, the FUDs around Tether have raised questions on whether there are any backings to the digital asset.

It is crucial to know that other factors have been attributed, and one of them was a report from last month that stated that Tether and Bitfinex, had gone their separate ways with Noble Bank. The separation made Bitfinex suspend fiat wire deposits – without no reason or whatsoever.

Tether, in regards to market worth, comprises about 92 percent of the market capitalization of stable coins. Also, this stable coin offers two purposes: to stabilize the volatility of Bitcoin, and also to preserve the amount of money purchasing power investors have at hand when the value of larger cryptocurrencies such as BTC drops.

The coin is a good alternative for traders when trying to cash-in on fiat currencies, as we do know that trying to move money from different exchanges to fiat…

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Using Blockchain with Benefits to Your Business: Simple Explanations

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Let’s talk about cryptocurrency today. Although people say either “yes” and “no” to the digital money, this technology can be used in almost any business field. So what’s the reality? Can a business obtain any financial profit and benefit from using blockchain technology in its operations? Let us get all this straightened out.

Why Blockchain Is Beneficial for Business

Key advantages of blockchain technology are transparency and safety. The actions of all system participants are clear, this prevents the falsification of information and its leakage. Due to the fact that there is no single data center, the data cannot be deleted, for example, during a hacker attack. Thus, any blockchain development company can benefit a lot.

What is more, blockchain is beneficial for companies as a mean of simplifying and cutting costs for many business processes. Potentially, this technology is capable of eliminating many intermediaries during transactions or any other business operations. So it’s not surprising that the technology has quickly become popular with firms working in different industries around the globe.

According to the analyst firm Transparency Market Research, the industry will reach up to $20 billion by 2024, showing an annual growth of over 59%. The next big step towards the development of the technology is to assign a legal significance at the state level for it. This will expand all the scales and limits of the technology.

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Elon Musk hits the world of cryptocurrency

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Yesterday, the world woke up to the shocking news that Elon Musk has made a conscious decision to enter into the cryptocurrency world with his startup organization, The Boring Company that now accepts Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

The Boring Company Brief History

Sometime back in mid-2016, Elon Musk revealed his intentions of taking his latest business idea underground. The young serial entrepreneur who also happens to be the CEO of SpaceX and Tesla revealed his plans in April 2016 for the Boring Company, a business venture that focuses on exploring ways to cut tunneling costs with the intention to alleviate traffic overcrowding on roadways and freeways.

The Boring company was founded in 2016 and is guided by the mission to work tirelessly to eradicate traffic jams by constructing a web of underground tunnels that are meant to facilitate a new way to move from one location to another quickly. With the construction of its first test tunnel in LA, Elon decided to trade a line of unique products that include hats and the now well-known Not-A-Flamethrower, a line of businesses to promote the project.

You can now buy the company’s unfamiliar fire-related products using the four leading virtual currencies in the market, in addition to the traditional modes of payment. The Boring Company also selected Coinbase Commerce to be their payment processor for their virtual currencies transactions.

At the time of writing, the flamethrower is exchanging at…

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