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Tron transaction volume will eclipse those of ETH once DApps are introduced

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Tron
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The fact of the matter is that the Mainnet of the Tron (TRX) project is still not yet complete. The last phase of the Mainnet integration will be completed on the 30th of August. We currently have the Tron Virtual Machine that has been running smoothly since its release on the 30th of June. This means that the existing 19 Decentralized Apps linked to Tron might not have been migrated to the Mainnet at the moment of writing this. Once the Mainnet is 100% certified as being complete, then its lights, camera, and action for the Tron Platform.

The 19 DApps backed by Tron include Peiwo, Game.com, Odyssey, Gifto, Kitty Live, Mico Team, Baofeng Xinying, GSC Team, SAMY, DRadio, TronWallet, PandaFun, Task, NextGenius, Tron Monster Miners, TRXPLORER, Multicurrency Index and Decentronland.

The platform currently is handling 173,981 transactions as per TronScan and at the moment of writing this. Ethereum is currently handling 648,565 transactions per day also at the moment of writing this. The ETH platform currently has 1,784 DApps running on it. Ethereum’s daily active users on these DApps is currently around 10,000 and they take up 60,000 transactions per day of the mentioned 648,565 (9.25%)

Going back to the Tron DApps, Peiwo alone has over 10 Million users. This means that once the entire DApp is migrated onto the Tron Mainnet, the transactions per day on the platform will increase in an instant. Using the provided stats of the Tron mainnet being able to handle 2,000 transactions per second, this translates to 172,800,000 transactions per day at full throttle. This extinguishing any fears as to whether the Tron mainnet will handle such high volumes of transactions as DApps migrate onto the platform.

In conclusion, the Tron Mainnet is yet to have any official DApps built on it or migrated onto the platform from the Ethereum network. Once that happens, the daily transactions per day will increase and so will the demand for TRX. The digital asset will be the base currency in all these DApps. Therefore, a price increment will be evident in the coming months as DApps start being built or migrated onto the Tron Platform. Just keep on HODLing, TRX is sure to put on a show with time. The project even has plans to become the Google of 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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Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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Altcoins

5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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