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

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Tron TRX hackathons

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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A Guide to Exploring the Singaporean ETF market

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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.

The Singaporean ETF Market: Exponential Growth

The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics. 

One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.

The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.

Regulatory Landscape and Investor Protection

The Monetary Authority of Singapore (MAS) is the…

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Property Loans for Foreigners in Singapore That You Must Know About

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property loans for foreigners in Singapore

Intending to invest in a residential or commercial property in Singapore?  

When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.  

In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.  

HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE? 

As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.  

In this sense, Singapore has the Loan to Value Ratio (LTV).  

The LTV ratio is what determines the exact amount of money you can borrow for a property loan, which changes depending on where you try to obtain the loan:  

  • If you are applying for a bank loan, you can borrow a maximum of 75% of the value of the property you want to purchase. That means if you are looking for a property that costs $500.000, the maximum amount of money a bank lender can give you like a loan in Singapore is going to be $375.000. 
  • When you are applying for a loan with a Housing…
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CoinField Launches Sologenic Initial Exchange Offering

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Sologenic

CoinField has started its Sologenic IEO, which is the first project to utilize the XRP Ledger for tokenizing stocks and ETFs. The sale will last for one week and will officially end on February 25, 2020, before SOLO trading begins on the platform.  Sologenic’s native token SOLO is being offered at 0.25 USDT during the IEO.   

Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play.  The desktop version is available for Windows and Mac.

“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…

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