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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.

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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.

Image courtesy of Pxhere.com

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Crypto Venture UpStake is Redefining the Industry with a Proof-of-Burn Stable Coin

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UpStake, an exciting cryptocurrency project officially launched last year, is all set to take the global crypto community by storm. Unlike hundreds of crypto ventures that fail to make any impression, UpStake is dedicated to delivering a stable digital currency that will pave the way for mass adoption around the world.

London, UK – Jan 16, 2019

London-based crypto startup UpStake is well on its way to revolutionising the global cryptocurrency industry by eliminating many of the limitations that have stifled growth for years. Launched in 2018, this promising initiative is focused on ensuring mass adoption of cryptocurrency by providing a usable, stable form of digital currency to the crypto and blockchain communities across the globe.

This proposed blockchain ecosystem is built around UpStake tokens (UPS), the platform’s proprietary token. UpStake asserts that these tokens have been designed to increase in value over time, and set the stage to build great products and services which result in better user experiences.

In order to ensure continuous increase in value of UPS over time, UpStake has built a Proof-of-Burn model that burns a certain percentage of tokens sold through their exchange.  This model helps create the value that contributes to the ever-growing price point of the token. It not only enables the token price to…

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How Online Casinos Can Adapt to the Growth of Cryptocurrency

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The growth of cryptocurrency is difficult to ignore and industries are having to adapt in order to facilitate all of the people who want to buy goods and services with crypto coins. Multiple coins are on the rise, helping cryptocurrency’s star rise. Bitcoin’s price is back above $4,000 and it is joined by other coins like Ethereum, which makes use of the Ether blockchain.

But accepting cryptocurrency – or appealing to crypto users – isn’t as easy as just tailoring your marketing strategy. Other steps need to be taken and we’ve detailed a handful of these below.

Increased Safety and Security Measures

Online casinos are already very good at ensuring that customers and their data (including personal information and payment details) are kept secure. Some of the existing online safety measures employed by online casinos include HTTPS and SSL, which means that any information passed between you and the online casino will be encrypted and difficult for malicious agents to gain access to. Leading casinos are also certified by…

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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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